The Canadian economy is expected to grow moderately in the first quarter of 2025, finds the latest Main Street Quarterly report by the Canadian Federation of Independent Business. The full release is available online. Contact public.affairs@cfib.ca.
The Canadian Federation of Independent Business (CFIB) warns that a 25% US tariff on Canadian products, followed by potential Canadian retaliatory tariffs, would lead 65% of small businesses to increase prices for consumers to offset tariff impacts. Additionally, 69% of small business owners said tariffs would lead to higher costs of doing business. CFIB Executive Vice President … Read more
The Canadian Federation of Independent Business (CFIB) warns that The Canada Post strike, now two weeks in, has “cost the small- and medium-sized business sector at least $765 million or $76.6 million each business day. At this rate, if the strike is not immediately resolved, it will have cost the sector over $1 billion as … Read more
According to a flash survey conducted by the Canadian Federation of Independent Business (CFIB), small businesses do not support the proposed two-month GST/HST holiday and have major concerns and questions about the timing, process and administrative costs associated with it. Over 3,500 small firms responded to the survey conducted on November 26-27. CFIB president Dan Kelly emphasized, … Read more
The Canadian Federation of Independent Business released a report showing that “Nearly three in four (74 per cent) small businesses are worried about the lack of a plan to return to a balanced federal budget as Canada continues running deficits and racking up federal debt.” Vice-President of National Affairs at CFIB Jasmin Guenette stated, “The federal government … Read more
A new report by the Canadian Federation of Independent Business (CFIB) shows that the share of Canadian small businesses directly affected by crime and safety issues has almost doubled in the last year, jumping from 24% in 2023 to 45% in 2024. CFIB Director for Alberta and Interprovincial Affairs Keyli Loeppky commented, “Imagine working hard, providing … Read more
The Canadian Federation of Independent Business (CFIB) and 20 other industry organizations have sent a letter to Finance Minister and Deputy Prime Minister Chrystia Freeland (University-Rosedale, Ont.) calling on the federal government to “scrap the planned increase to the capital gains inclusion rate and to make the Canadian Entrepreneurs’ Incentive available to business owners in all sectors. … Read more
The Canadian Federation of Independent Business (CFIB) welcomes this week’s significant reduction in Visa and Mastercard merchant fees for small businesses. CFIB president Dan Kelly commented, “CFIB thanks Finance Minister Chrystia Freeland for her work on this important deal for small business. Qualifying businesses could expect about $300-$400 savings per year for each $100,000 in Visa sales and … Read more
The Canadian Federation of Independent Business (CFIB) welcomed the announcement by the federal government on several important changes that will reduce some of the host of cost pressures facing Canadian small business owners. “CFIB is relieved to learn the federal government will return the $2.5 billion small business share of carbon tax revenue that has been stuck … Read more
Canadian Federation of Independent Business’s (CFIB) “Big Thank You Contest” kicks off today, marking the start of Small Business Month. The contest is a chance for Canadians to “[…]thank and celebrate the entrepreneurs who power our economy despite mounting challenges.” CFIB vice-president of legislative affairs for Ontario Ryan Mallough stated, “It’s getting harder and harder to run, let alone … Read more
