TORONTO, April 27 /CNW/ - With the federal election just around the
corner, the Canadian Federation of Independent Business (CFIB) has
gathered and made public responses from each federal party as they
relate to the top issues facing small businesses in Canada.
"If an issue affects small business, it touches 60 per cent of Canadian
jobs and a significant source of job creation - especially in a period
of economic recovery," explained CFIB president, Catherine Swift. "Now
that each party has provided us with their small business platforms,
business owners can visit CFIB's federal election website (www.cfib.ca/federalelection) to help them make an informed decision on election day."
According to CFIB senior vice-president, Dan Kelly, all parties have
responded in ways that are both encouraging and disconcerting. As a
strictly non-partisan organization, CFIB has highlighted elements of
the platforms to help business owners make their own decisions:
Positive Commitments for Small Business:
Bloc - a tax credit for small firms hiring youth
Conservative - an EI hiring tax credit for small firms
Green - cutting payroll taxes by one-third
Liberal - an EI hiring credit for youth and the amalgamation of programs
NDP - a cut to the small business corporate tax rate to 9 per cent and
Worrisome Ideas to Small Business:
Bloc - an increase in CPP premiums
Conservative - no plan on unfunded public sector pensions estimated at
Green - a hike in CPP maximum pensionable earnings
Liberal - an increase in CPP payroll taxes and corporate tax hike
NDP - a massive increase in payroll taxes and expansion of EI benefits
In addition, CFIB offered each leader the opportunity to provide CFIB's
108,000 members with a video clip of their commitments to small
business and is pleased to report that Prime Minister Stephen Harper
and NDP Leader Jack Layton have taken us up on the opportunity.
CFIB Video with Prime Minister Harper: http://bit.ly/fioy0o
CFIB Video from NDP Leader Jack Layton: http://bit.ly/ggi1UZ
"Now let's get out there on May 2nd and vote," rallied Swift.
As Canada's largest association of small- and medium-sized businesses,
CFIB is Powered by Entrepreneurs™. Established in 1971, CFIB takes
direction from more than 108,000 members in every sector nationwide,
giving independent business a strong and influential voice at all
levels of government and helping to grow the economy.
SOURCE CANADIAN FEDERATION OF INDEPENDENT BUSINESS
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