The Trillium Automobile Dealers Association (TADA) is concerned about the possible implementation of a 3 per cent surtax on some luxury vehicles in Ontario.
TADA says the additional tax, one of several commitments made by the NDP, will negatively impact the province’s automotive sector. “This new, $12 million annual tax hike will not help create one job at a dealership or auto manufacturing facility,” said TADA in its news release.
TADA is also concerned about the possibility of increasing the Corporate Income Tax from 11.5 per cent to 13 per cent, as it may not send the right message to employers. “Over the past several years, the cost of doing business in Ontario has skyrocketed. Another tax increase will discourage job creation and investment. Tax relief is needed,” said TADA.
The association is also eyeing the NDP’s focus on reducing the cost of auto insurance for Ontario drivers by 15 per cent, seeing it as a positive thing as the issue itself remains a pending policy that the Government of Ontario promised to implement in 2014, according to TADA.
The association also hopes to see the implementation of a campaign promise that will help attract the next generation of skilled trade workers and educate them on career opportunities in the automotive sector. The need for both younger and more experienced employees stems in part from a lack of awareness about the range and availability of well-paying jobs in the industry.
