TORONTO, Oct. 3, 2013 /CNW/ - In response to recent reports that PEI
Finance Minister Wes Sheridan has made a specific proposal to other
finance ministers on hikes to Canada Pension Plan/Quebec Pension Plan
(CPP/QPP) benefits and premiums, the Canadian Federation of Independent
Business (CFIB) is available for comment.
"CFIB's research found that earlier proposals to increase CPP/QPP
premiums would kill between 700,000 and 1.2 million person years of
employment. While we will review PEI's proposal carefully, the hike in
premiums would likely have a massive impact on small businesses and
their ability to create or even retain jobs," said Dan Kelly, CFIB
president. "Small firms believe that the economy cannot manage a
significant increase in payroll taxes - and that governments should be
focusing on ensuring public sector pensions are sustainable and fair
before looking at ways to hike taxes on employers and employees."
CFIB has led a multi-year campaign against CPP/QPP premium hikes after
Canada's finance ministers first proposed an increase in the summer of
2010. CFIB has collected over 30,000 signed petitions from small
business owners and thousands of Canadians have signed an online
petition to oppose the idea over the past several months. The
Federation's efforts are focused on the upcoming meeting of finance
ministers in December 2013, which may decide on future CPP expansion.
CFIB's campaign on pensions can be found at: www.cfib.ca/cpp-qpp
CFIB is Canada's largest association of small and medium-sized
businesses with 109,000 members across every sector and region.
SOURCE: Canadian Federation of Independent Business
For further information:
or to arrange an interview with Dan Kelly, contact Gisele Lumsden at 416 222-8022 or email firstname.lastname@example.org