Surrey Board of Trade has mixed reviews for federal budget

The board likes some aspects of Tuesday’s budget but says it leaves “economic uncertainty” for Canada

SURREY — Surrey’s Board of Trade likes some aspects of the federal budget brought down Tuesday but also says it leaves “economic uncertainty” for Canada.

“What was most concerning is that there is no contingency fund in the face of global economic pressures,” said Anita Huberman, CEO of the board.

“With NAFTA uncertainty, the federal government is forecasting another deficit budget with limited revenue potential. In addition, the Surrey Board of Trade was disappointed that a comprehensive tax reform that would help small and medium sized businesses, the backbone of our economy, was not mentioned.”

READ ALSO: Liberals champion their values in 2018 budget aimed at long-term vision

READ ALSO: Federal budget to focus on gender equality

That said, Huberman said the board is pleased the government has made “steps towards” Canada Revenue Agency reforms, dealing with cybercrime, a national pharmacare program, investments in science and research, as entrepreneurship and apprenticeship programs for women, which she says are “all good for our economy.”

That said, again, Huberman said the board is “disappointed that a comprehensive tax reform that would help small and medium-sized businesses, the backbone of our economy, was not mentioned.

“The lack of a structured national care program with the provinces needs to be implemented in order for women to engage effectively in entrepreneurial and career pathways,” she said.

“There is innovation strategy in this budget, but it needs to be aligned in a structured way to grow international trade opportunities.”

Like us on Facebook Follow us on Instagram and follow Tom on Twitter

Just Posted

Surrey RCMP on scene after reports of shots fired into a home

Police say the incident happened in the early hours of Saturday morning

Surrey 37 per cent behind in housing supply projections

Of 18 cities in Metro Vancouver, only City of North Vancouver and Richmond met or exceeded projections

Winning Christmas card art shown at Surrey gallery

Arts Council of Surrey’s annual competition won by Edwin Stephen and Nancy Painter

Delta police campaign shines a light relationship violence

Campaign comes after a Delta man was charged with assault with a weapon and uttering threats

MAP: Christmas light displays in Surrey and beyond

Send us pictures of your National Lampoon-style lit-up homes, nativity scenes or North Pole playlands

Kelowna man attempts to steal bait bike from RCMP parking lot

38-year-old Brian Richard Harbison is facing several charges

Owners of hotels on Vancouver’s Downtown Eastside fight $1 expropriation in court

Vancouver City Council voted to expropriate the properties for $1 each in November

‘Things haven’t changed enough:’ Ecole Polytechnique anniversary prompts reflection

Fourteen women were fatally shot by a gunman at the Montreal school on Dec. 6, 1989

Bear raids freezer, gorges on Island family’s Christmas baking

Hungry bruin virtually ignored meat and fish, focused, instead, on the sweets

B.C. pharmaceutical company’s stocks double in value after successful lupus drug trial

More than 40 per cent of patients using voclosporin saw improvements in kidney function

Second warning on romaine lettuce from California region as another E. coli case reported

Two cases of E. coli have been reported in relation to the illness in the U.S.

Braille signs coming to TransLink bus stops in 2020

Transit authority says it’s the first to do so in Canada and the United States

Most Read