Federal leaders confirm their commitments to small business in CFIB surveys/videos

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 for entrepreneurs
  • NDP - a cut to the small business corporate tax rate to 9 per cent and hiring credit

Worrisome Ideas to Small Business:

  • Bloc - an increase in CPP premiums
  • Conservative - no plan on unfunded public sector pensions estimated at $200 billion
  • 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

For further information:

For more information or to arrange an interview, please contact Meghan Carrington or Adam Miller at 416 222-8022 or email public.affairs@cfib.ca 

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CANADIAN FEDERATION OF INDEPENDENT BUSINESS

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FEDERAL ELECTION 2011

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