OTTAWA, Oct. 30 /CNW/ - Canada's small and mid-sized businesses, which
make up 95 per cent of all companies in the country and employ almost 60 per
cent of working Canadians, want to see personal income tax cuts in the federal
government's economic statement today.
The Canadian Federation of Independent Business (CFIB), which represents
more than 105,000 small and medium-sized businesses, says overall tax burden
is the biggest issue for its members and cuts to personal income taxes are
their highest priority, followed by a reduction in fuel taxes, corporate
income taxes and employment insurance premiums.
"Our members would benefit from the government's planned percentage-point
reduction in the GST, but would get far more bang for the buck out of a
personal income tax cut," says CFIB executive vice-president Garth Whyte. "We
think the same could be said for all Canadians."
CFIB officials are available for comment on the economic statement.
For further information:
For further information: Anne Howland, (613) 235-2373 or (613) 324-7971