By: Anne L.
Coulombe
November, 1998
I dont think the problems facing the B.C. economy are simple, so I spent 2 days
at the B.C. Business Summit this past month to talk about it. Here are some of the
highlights.
In simple terms, B.C. business-people want to lower the personal tax rate, lower the
business tax rates and cut government red tape. We do admit we are bordered by the 2
lowest tax jurisdictions in North America!
The conference put forth consolidated goals for economic renewal:
- Make B.C. the most competitive tax environment in Canada
- Make B.C. the most competitive regulatory environment in Canada
- Strike a new partnership between management and labour
- Increase access to land and resources for the resource and tourism sectors
- Balance the provincial governments budget
- Make B.C.s workforce the most productive and innovative in Canada through renewed
commitment to education and training
Specific to Agriculture & Food:
This session was chaired by Steve Torrence, Executive Director of the B.C.
Horticultural Coalition with the following speakers: Russ Husch, Chair of the B.C.
Agriculture Council; Marlene Van Baalen, Owner and Marketing Director of Brookside
Greenhouses Ltd.; and, David Coe, CEO of Dairyworld Foods.
Some of the issues:
With farmgate sale of $1.6 billion a year, B.C.s agriculture business is
struggling with regulatory uncertainty, freer trade, volatile markets and must situate
itself strategically within the national and global marketplace. B.C.s farmers
certainly have the highest property taxes, property transfer taxes, corporate fuel taxes
and workers compensation rates. We even have the dubious honor of having the highest
labour costs combined with the lowest productivity rates. An unspoken fear of this
industry is certainly one of being "organized" by labour.