CADA is also seeking reforms to the corporate small business tax deduction, which Hatch said currently penalizes dealers because of the high value of their inventory.
“CADA’s campaign platform addresses policy concerns of importance to dealers and all small and medium sized businesses in Canada,” Michael Hatch, CADA’s Chief Economist, told Canadian auto dealer.
“As all parties finalize their campaign platforms we urge them to keep economic policy and small business at the forefront of their policy priorities,” he said.
Specifically, CADA has outlined four main federal policy priorities that it hopes will help dealers prosper in an increasingly challenging economic environment.
One of which is the federal government’s efforts to cut out red tape, specifically by keeping old-fashioned paper fuel economy labels for new cars and trucks voluntary and not mandatory, said Hatch.
He also said CADA and its members continue to support leasing provisions in the federal Bank Act, aimed at keeping banks out of the auto leasing market. “Our position on the upcoming Bank Act review is consistent with what CADA has advocated for in the past, and is supported by an overwhelming majority of dealers across Canada,” Hatch added.
Another important policy for CADA includes government efforts to improve the quality and professionalism of Canada Revenue Agency (CRA) audits, and to increase communication between the various branches.
CADA is also seeking reforms to the corporate small business tax deduction, which Hatch said currently penalizes dealers because of the high value of their inventory.
