With one in three small businesses losing money every day they are open due to COVID-19, things are about to get even worse with an upcoming hike in Canada Pension Plan premiums scheduled for Jan. 1, 2021, warns the Canadian Federation of Independent Business. As part of a seven year plan to raise CPP premiums in order … Read more
The Canada Revenue Agency and Revenu Quebec should be held liable when its employees make mistakes that impact small businesses, says the Canadian Federation of Independent Business. Restaurant Le Relais de Saint-Jean and Mr. Chionis of Saint-Jean-sur-Richelieu, Quebec, are petitioning the Supreme Court of Canada to review a decision by the Quebec Court of Appeal on … Read more
The Canadian Federation of Independent Business welcomed the introduction of legislation on the extension of the Canada Emergency Wage Subsidy and the new rent relief program, the Canada Emergency Rent Subsidy, for small businesses impacted by COVID-19. A majority (63 per cent) of small business owners say the new and updated federal relief programs, including CEWS … Read more
Half of small businesses across Canada report a further drop in sales as a result of fears of a second wave of COVID-19, finds the latest survey by the Canadian Federation of Independent Business. “Small businesses still haven’t recovered from the first wave of COVID-19 lockdown measures. In fact, 37 per cent of all businesses across Canada … Read more
The CFIB is asking the federal and provincial governments to do everything possible to avoid further shutdowns during the pandemic’s second wave, and to ensure strong and immediate economic supports are in place for any sectors that are affected by new public health restrictions. “At the start of the pandemic, it was understandable that governments did … Read more
With the Canada Emergency Commercial Rent Assistance coming to an end, small businesses need a new rent relief program, finds the latest survey by the Canadian Federation of Independent Business. According to the survey only one in five commercial tenants say they can continue to operate without rent relief. “Rent relief is still a game … Read more
Small businesses are looking for next week’s Throne Speech to signal support through the recovery period, said the Canadian Federation of Independent Business. “They need to know the government is behind them with policies that will support their survival, not just in the short term, but long term as well,” said Laura Jones, Executive Vice-President at … Read more
The Canadian Federation of Independent Business welcomes the meetings between the Ontario and Quebec governments to discuss COVID-19 recovery and economic growth opportunities. Together, Ontario and Quebec generated about $1.3 trillion in GDP in 2018, representing over 58 per cent of the country’s economic activity that year. “Small businesses are big players in the Ontario … Read more
The Canadian Federation of Independent Business is pleased by the announcement that the Canada Emergency Business Account program will be extended to October 31, 2020 and that businesses with personal banking accounts will soon be able to apply. CEBA has been a critical lifeline to 730,000 small firms – including nearly 60 per cent of … Read more
“I try not to swear, especially not in press releases, so the ‘F’ word I’ll use to capture small business sentiment is FRUSTRATED,” said Laura Jones, Executive Vice-President at CFIB regarding the Canada Emergency Commercial Rent Assistance, which is set to end on August 31 and no extension has been announced. “The unfairness of this program is off … Read more
