Government Breaks Suite of Promises to Small Businesses

WHITEHORSE – Today the Government was pressed by the Official Opposition on their growing list of broken election promises.

This began with a call for an explanation as to why they broke their promise to eliminate the small business tax rate by July 1, 2017.

In follow-up, the Government was also asked why they have not lived up to their promise to increase the ceiling for the Yukon Small Business Investment Tax Credit. They committed to raise the ceiling from $1 million to $5 million and increase the asset limit to allow larger companies to qualify, but there was no sign of it in the budget.

These shortcomings are in addition to the government’s broken promise to tender all seasonally dependent contracts before the end of March each year. In fact, their own promise was effectively amended by the Minister of Highways and Public Works on the floor of the Legislature without justification.

“There is a growing gap between what the Liberals promised during the 2016 election and what they are actually doing, now that they are in government,” said Scott Kent, Official Opposition critic for Economic Development. “This government made clear commitments to the territory’s business community and it’s unfortunate that they do not feel obliged to live up to these promises.”

-30-

Contact:
Madison Pearson
Communications
(867) 393-7026


Get Involved