Federal Budget Big on Spending, Short on Growth

February 28, 2018 | Mississauga, Ontario —  Yesterday, Federal Finance Minister Bill Morneau tabled the 2018 Budget in the House of Commons.  Equality + Growth: A Strong Middle Class presents many interesting measures but does not address the fundamental issues

City of Mississauga Approves Municipal Accommodation Tax

February 7, 2018 | Mississauga, Ontario – Today the City of Mississauga approved a 4% municipal accommodation tax that will be charged on overnight stays in hotels, motels and short term accommodations. Mississauga City Council did so under new regulations

Federal Tax Changes Policy Update

On December 13, 2017, federal Finance Minister Bill Morneau released details on changes to business taxation following consultations and considerable feedback from organizations like the Canadian Chamber of Commerce and the Mississauga Board of Trade.   Specifically, these tax changes

Bill 148 Policy Update

The Fair Workplaces, Better Jobs Act, 2017, received Royal Assent on November 27, 2017. The broad ranging Act raises the minimum wage, changes the rules for part-time and contract workers, and expands personal emergency leave. The minimum wage will increase

2018 Municipal Budgets Approved for Peel & Mississauga

2018 Municipal Budgets Approved for Peel & Mississauga   November 23, 2017 Mississauga, Ontario —  The City of Mississauga and Region of Peel have now approved their 2018 budgets and set their respective tax increases for next year.   The

Bill 148 – Fair Workplaces & Better Jobs Act Passes at Queen’s Park

Bill 148 – Fair Workplaces & Better Jobs Act Passes at Queen’s Park   November 23, 2017 | Mississauga, Ontario —  Yesterday, the Provincial Legislature approved Bill 148, the Fair Workplaces & Better Jobs Act despite the loud objections of

Holiday Hours

Please note, our office will be closed for the holiday season Friday, December 22 – Monday, January 1. The office will resume regular hours on Tuesday, January 2.

Calling for Nominations to the Board of Directors

MBOT Board of Directors Application Mississauga Board of Trade’s (MBOT) Nominating Committee is responsible for developing a slate of Directors for election at the Annual General Meeting to ensure that MBOT is governed with excellence and vision from a Board

Proposed Federal Tax Changes Major Impact to Canadian Businesses Member Call to Action

Are you a Business Owner? If your business is incorporated, then you could be facing a larger tax bill and big compliance costs from the government’s new proposals to change the way corporations are taxed. Here are three things you

Extending Minimum Wage Implementation Will Slash Job Loss Risk by 74%: Economic Analysis Final analysis of Bill 148 reveals $12 billion economic problem that the Ontario Government must resolve

Wednesday, September 27, 2017: Today the Mississauga Board of Trade, in partnership with the Ontario Chamber of Commerce (OCC) and the Keep Ontario Working (KOW) Coalition, released two major reports that broadly capture the challenges associated with Bill 148 and the concerns of the employer community. The first report is the final economic impact analysis of Bill 148 by the Canadian Centre for Economic Analysis’ (CANCEA), which was peer-reviewed by Professor Morley Gunderson of the University of Toronto.

CANCEA’s analysis reveals that if Government were to do nothing other than implement the minimum wage increase over five years instead of in the next 15 months, jobs at risk would decrease by 74 per cent in the first two years.

The analysis also indicates that while the proposed changes will see $11 billion in wage stimulus flow into the economy in the next two years, a remaining $12 billion problem exists which will lead to jobs lost, added costs, and general damage to the Ontario economy.

“Today’s final report by CANCEA is clear, while the Government is correct to say that there will be a stimulus from Bill 148, it does not cover the $23 billion cost challenge for business in the first two years – a substantial amount that poses great risk to our economy and cannot be resolved through offsets alone,” said Karl Baldauf, Vice President of Policy and Government Relations at the Ontario Chamber of Commerce. “More must be done. The Ontario Government must resolve the economic challenges presented in Bill 148 through a combination of slowing down the implementation period, amending the legislation, and offsets. Business and Government must work together to avoid unintended consequences and protect our most vulnerable.”

“This report should be a great concern to Mississauga businesses,” said David Wojcik, President & CEO, Mississauga Board of Trade. “We call on our MPPs to heed this advice and slow down the pace of change through Bill 148.”

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