WINNIPEG — Mayoral candidate Brian Bowman delivered promising news to small business owners on Wednesday, vowing to increase the small business tax credit to $30,000 from the current $23,880, if elected.
Bowman held his announcement in Shawarma Khan in the Exchange District, owned by former Winnipeg Blue Bomber Obby Khan.
“The business tax has long been a sore point for Winnipeg’s small business community,” said Bowman. “Largely, that’s because Winnipeg is one of the last major cities in Canada that still levies it.”
Bowman also pledged to reduce the business tax rate on an annual basis to account for increases in annual rental rates. He would also hold an annual small business summit to discuss and recommend to the mayor and city council how business tax revenues can best be used to encourage further growth in the small business sector.
Voters head to the polls on October 22.