Small businesses expect to increase prices by an average of 2.5 per cent over the next 12 months, according to the latest Canadian Federation of Independent Business (CFIB) Business Barometer. This indicator dropped from the 2.8 per cent reading in May and is below the upper band of the Bank of Canada’s target range for inflation … Read more
Half of Canada’s small business owners will be hit by the new 66.7 per cent inclusion rate hike coming into effect on June 25, warns the Canadian Federation of Independent Business. “Even the federal budget admits that 307,000 Canadian corporations had net capital gains in 2022 alone. Like individual Canadians, companies often record capital gains as a … Read more
Jasmin Guénette, CFIB’s vice-president, national affairs, issued a statement: “The Canadian Federation of Independent Business is extremely disappointed by Monday’s Senate third reading vote to pass Bill C-58. By further limiting the use of replacement workers during strikes or lockout in federally regulated workplaces, Ottawa is giving large unions more power and incentives to go … Read more
The Canadian Federation of Independent Business published new research which finds that 59 per cent of agri-businesses say they would be in favour of a multi-employer work permit as an option to enable employers to share a foreign worker. “While government is reviewing its TFW program, it needs to consider the practical needs of agri-businesses and the future of … Read more
Dan Kelly, President and CEO of Canadian Federation of Independent Business (CFIB), issued a statement: “Today’s vote in the House of Commons in favour of Bill C-58 – a ban on replacement workers in federally regulated workplaces during a strike or a lockout – tilts Canada’s labour laws even more heavily in favour of unions, says the … Read more
A new report by the Canadian Federation of Independent Business, entitled Affordability, minimum wages, and living wages: Striking a balance for small businesses, analyzes the impact of a $20/hour living wage. The report finds that governments need a new approach to address affordability challenges as traditional minimum wage and living wage policies fall short in addressing the root … Read more
Nearly three-quarters of small business owners say the proposed changes to capital gains taxation will harm Canada’s climate for investment and growth, according to new data from the Canadian Federation of Independent Business. While small businesses support some of the budget measures, 63 per cent oppose the changes without critical amendments. “The proposals in the federal budget have … Read more
The Canadian Federation of Independent Business welcomes the Canada Border Services Agency’s decision to reschedule the public launch of its Assessment and Revenue Management System (CARM), its mandatory portal for trade chain partners from May to October 2024. “We’re glad to hear small businesses will be given more time to register with CARM, given the learning curve with this … Read more
The 2024 budget changes on capital gains will create many winners and losers among Canada’s entrepreneurs, according to the Canadian Federation of Independent Business, which notes important budget progress in unlocking $2.5 billion in carbon tax rebates for SMEs. “What worries me the most about the capital gains changes is the potential to demotivate Canadians from … Read more
The federal government needs to leverage its upcoming budget to address the high cost of doing business and introduce a plan to return the $2.5 billion owed to small businesses in carbon tax revenue, said the Canadian Federation of Independent Business. “The upcoming budget needs to return confidence to small businesses about their future,” said Corinne Pohlmann, … Read more
