BBOT News

Employer Health Tax — BBOT Opposes New Payroll Tax; Proposes 4 Fixes to Mitigate Impact on Business

April 9th, 2018

UPDATE — The Burnaby Board of Trade has presented our concerns and suggestions to all four Burnaby MLAs in person. The BBOT has contacted Minister of Finance Carole James to share our views on the employer health tax and presented our concerns in person with Attorney General David Eby at a recent roundtable with […]

City of Burnaby Budget and Provisional Financial Plan Available Online

March 30th, 2018

The City of Burnaby’s budget, as part of the 2018-2022 Provisional Financial Plan, is available online for review by Burnaby residents and businesses. To see an interactive digital version of the budget, click here to visit the City of Burnaby website, or scroll down below to see the pdf of the financial plan. The 2018 – […]

Update: Major Tax Changes Facing Incorporated Businesses

March 29th, 2018

UPDATE: Burnaby Board of Trade Advocacy Wins: proposed restrictions to the Lifetime Capital Gains Exemption cancelled entirely exemptions for spouses and most adult children from taxation on income from a corporation small business tax rate cut 1.5% to 9% existing passive investment grandfathered and protected from taxation $50,000 of annual passive income exempted from tax […]

Calling All Eco-Heroes

March 8th, 2018

In celebration of Earth Day (April 22nd) The Burnaby Board of Trade wants to recognize the Eco-Heroes in our community and we need your help! Please nominate individuals in organizations (yours or others) or those in our community who are working hard to make a difference to the environment. These are people who […]

BBOT ISSUE UPDATE: 2018 Federal Budget Summary

February 28th, 2018

February 27, 2018 — Today, Minister of Finance Bill Morneau released the 2018-19 federal budget which features few new, major funding announcements or priorities, but provides significant policy support for women, and clarity on the new taxation of passive income in private corporations. The $338.5 billion federal budget also features an $18.1 billion deficit for […]

New BC Government Releases First Budget; Sees New Health Payroll Tax on Business and Significant Positive Investments in Childcare and Housing

February 20th, 2018

Today, Minister of Finance Carole James released the first full budget of the new provincial government, a balanced budget with significant spending commitments and tax changes in the areas of housing affordability and childcare, and with the implementation of a new health payroll tax on the business community. The Burnaby Board of Trade, with input […]

Burnaby Board of Trade Signs MOU with Hwaseong, Korea Chamber of Commerce

February 20th, 2018

Burnaby Board of Trade President & CEO Paul Holden signed a Memorandum of Understanding (MOU) with the Hwaseong Chamber of Commerce on February 20th as part of a trade delegation trip to South Korea. Watch the Korean news coverage of this signing here. Paul Holden, joined by six Burnaby Board of Trade members, is in Korea […]

Annual Lunar New Year Banquet – Event Recap

February 16th, 2018

On February 8, the BBOT hosted our Annual Lunar New Year Banquet at Fortune House Seafood Restaurant. This year’s banquet reached record numbers as we sold out the Fortune House Seafood Restaurant with over 200 BBOT members and members of the Burnaby Business community. Guests were treated to a delicious ten course banquet style Chinese dinner […]

Advocacy Efforts Rewarded – Family Day Moved to 3rd Monday of February

February 9th, 2018

The Burnaby Board of Trade (BBOT) is pleased with the province’s announcement today that it would be moving British Columbia’s Family Day from the 2nd Monday in February to the 3rd, thereby aligning it with other jurisdictions across the country. The BBOT has long advocated on this issue on behalf of its membership. A survey […]

$15/hour Minimum Wage Increase Announced Today

February 8th, 2018

Today, endorsing a report from the Fair Wages Commission, Premier John Horgan and Minister of Labour Harry Bains announced that BC’s minimum wage will be increasing to at least $15.20 per hour by June 1st, 2021. This increase to the minimum wage will occur in four stages starting on June 1st of this year. The […]