The Canadian Federation of Independent Business welcomes the United States-Mexico-Canada Agreement but cautions that the federal government must work to address key issues affecting Canadian businesses as it finalizes the details. “We are glad to see a new agreement in place and we congratulate Foreign Affairs Minister Freeland and her team on their successful negotiations. … Read more
With Parliament back in session and an election year looming, MPs need to help small businesses remain competitive by reducing costs and regulations, says the Canadian Federation of Independent Business. “On top of escalating trade tensions that marked the past summer, small businesses are facing increasing cost pressures at a time when U.S. competitors are … Read more
With significant hikes in Canada Pension Plan premiums set for January 1, 2019, new survey results from the Canadian Federation of Independent Business show that small business owners want the newly elected Ontario government to put the plan on hold or cancel it altogether. In 2016, the federal government met the required level of provincial support … Read more
Canada’s provincial and territorial Finance Ministers must break away from the federal government’s example in order to support small business, urges the Canadian Federation of Independent Business. The new passive investment tax rules implemented at the federal level unfairly punish small business owners and create an environment that discourages growth. “Today’s Finance Ministers meeting is an … Read more
The Canadian Federation of Independent Business is disappointed the Supreme Court has ruled against Gerard Comeau. “The Supreme Court’s decision pushes the needle in the right direction. However, it is a missed opportunity to open up trade. We are concerned that the provinces continue to stand behind an archaic principle that flies in the face of … Read more
The Parliamentary Budget Officer’s report on income sprinkling confirms what groups like the Canadian Federation of Independent Business have been saying: the tax changes are overly complicated and the government has drastically underestimated the impact and cost of its new tax rules. “In addition to finding the government will be taking twice as much from … Read more
The Canadian Federation of Independent Business reported that the 2018 federal budget may be somewhat less harmful than originally expected, but will not improve the overall health or competitiveness of the nation’s entrepreneurs. “While we compliment the government for rethinking its plans for taxing passive investments, it remains to be seen how significant this improvement will … Read more
The Canadian Federation of Independent Business released new analysis showing the federal government has likely underestimated the negative impact on jobs of the planned Canada Pension Plan increases. The CFIB study, done through the University of Toronto’s Policy and Economic Analysis Program, found that the CPP hike will initially cost 64,000 fewer jobs, 4.5 times greater than the federal … Read more
In a letter sent to Finance Minister Bill Morneau (Toronto Centre, Ont.), the Coalition for Small Business Tax Fairness says tax fairness for small businesses and the need for greater clarity around a suite of proposed tax changes are top of mind for business owners heading into the 2018 budget. “While the small business community recognizes … Read more
The Canadian Federation of Independent Business is encouraged by the renewed sense of optimism following the latest round of NAFTA negotiations concluded in Montreal. Foreign Affairs Minister Chrystia Freeland (University-Rosedale, Ont.), along with her American and Mexican counterparts, announced the conclusion of a new chapter on anti-corruption and signalled significant progress on chapters relating to telecommunications … Read more
