 |
| Remember Bayview Express? |
A report to the Canadian Convenience Store Association says over-regulation is crippling the convenience store industry in Canada. This is especially true for independent stores, the report maintains. Corner store owners are said to be dealing with 517 federal and provincial laws and regulations at an estimated annual cost of $225-million. The report is being presented today at a meeting of Canadian retailers, distributors and manufacturers in Toronto. A report in the Financial Post says that for every dollar of profit the industry generates, governments collect $16 in revenue. The story does not say it but it would appear much of the government’s take on corner store business comes from the large tax on cigarettes. Profits in the industry are about $1-billion a year, and revenue generated by the convenience store industry for government exceeds $16-billion.
