Working group on non-residential municipal taxes and economic development: An opportunity to improve the competitiveness of the city’s taxation

Share:
Print

Added on 10 February 2016 in Press releases

Montréal, February 10, 2016 – The Board of Trade of Metropolitan Montreal is pleased that the Ville de Montréal has formed a working group on non-residential municipal taxes and economic development chaired by Anne-Marie Hubert, Managing Partner for Quebec for the firm EY and Board of Trade board member. “This initiative echoes calls by the Board of Trade to do more to support the city’s economic development and business environment,” said Michel Leblanc, President and CEO of the Board of Trade of Metropolitan Montreal.

“We are very satisfied to see that the Ville de Montréal recognizes the heavy burden of non-residential taxes and their impact on the city’s business environment,” Michel Leblanc said. “Between all three levels of government, Montrealers are among the most highly taxed people in North America. This has a negative effect on entrepreneurship and business growth, in addition to reducing the city’s attractiveness when trying to convince companies and strategic talent to settle in Montréal. We are convinced that the exercise that gets underway today will improve the competitiveness of the business environment, particularly for merchants. The working group should also confirm the need for a law on metropolitan status that would give Montréal sources of revenue other than property tax for fulfilling its responsibilities.”

“The Board of Trade would like to emphasize the working group’s pooled expertise and congratulate its chair, Anne-Marie Hubert, on having accepted this crucial mandate for the city’s economic future,” Michel Leblanc said. “The Board of Trade offers the working group and the Mayor of Montréal its full cooperation for the analysis and deliberations that will be part of this exercise.”

 

About the Board of Trade of Metropolitan Montreal

The Board of Trade of Metropolitan Montreal is made up of over 7,000 members. Its mission is to be the voice of Montréal’s business community and to promote the city’s prosperity. It is involved in key areas of economic development, advocating a philosophy of action based on engagement, credibility, proactivity, collaboration, and innovation. The Board of Trade also offers a range of specialized services to individuals and to businesses of all sizes to support them in their growth at home and abroad.

 

– 30 –

 

Source: 
Guillaume Bérubé
Advisor, Media Relations
Board of Trade of Metropolitan Montreal

Phone: 514 871-4000, extension 4042
gberube@ccmm.qc.ca

Facebook: www.facebook.com/chambremontreal
Twitter: @chambremontreal
Follow the discussion: #ccmmqcca