HALIFAX, April 5 /CNW/ - Faced with a significant deficit, the Nova Scotia government has
introduced a budget that does little to help the restaurant industry
grow and prosper.
"The government is beginning to get a handle on spending, but is still
relying on new revenue from the HST and high tax rates to get back to
balance," says Luc Erjavec, Atlantic Canada Vice President for the
Canadian Restaurant and Foodservices Association (CRFA). "While a
slight reduction in the small business tax rate and a one-time increase
in the basic personal tax exemption are good, small steps, they pale in
comparison to the impact of the HST increase, fee hikes, and growing
"Nova Scotia's tax climate continues to be one of the worst in the
country, and this budget does nothing to help make our businesses more
competitive," says Erjavec.
Nova Scotia's restaurant industry:
is one of the province's largest employers, with more than 30,000
employs more than 12,000 people aged 15 to 24, representing 18% of total
generates total sales of $1.6 billion, representing 4.4% of the
province's GDP; and
encompasses close to 2,000 restaurants, caterers and bars.
According to a recent Ipsos poll for Kraft Foodservice Canada and CRFA,
22% of Canadians were first employed by the restaurant industry.
CRFA is one of Canada's largest business associations, with more than
30,000 members representing restaurants, bars, caterers, institutions
and other foodservice providers. Canada's $60-billion foodservice
industry employs more than one million people in communities across the
SOURCE Canadian Restaurant and Foodservices Association
For further information:
Luc Erjavec, 902-209-0804 (cell) or email@example.com; Prasanthi Vasanthakumar, Communications Specialist, 1-800-387-5649, ext. 4254 or firstname.lastname@example.org.