Positions on CPP a major concern
TORONTO, April 12 /CNW/ - In the run-up to the federal election, the
Canadian Federation of Independent Business (CFIB) has asked each of
the leaders of Canada's major political parties to answer a survey to
help determine how each party's platform may affect the over 108,000
small businesses CFIB represents.
"If an issue affects the Canadian small business community, it's one
that affects 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. "Our intention with this survey is to
provide each federal leader with an opportunity to make clear what they
will do if elected to address the top issues facing small businesses in
this Year of the Entrepreneur."
CFIB's survey is composed of eight short questions on key policy issues
affecting small businesses in Canada, such as small business corporate
taxation, regulations and employment insurance. Also included among
this list of questions is one concerning whether or not the leaders
plan on raising Canadian Pension Plan (CPP) premiums and benefits, a
looming issue that could have a major negative impact on its members.
"Increasing CPP benefits has featured prominently in the platforms of
several parties," Swift noted, "but no one is talking about the impact
of the commensurate increase in premiums." The NDP has promised to
double the CPP, the Liberals suggest they will increase it "moderately"
and the Tory position is not at all clear. "While small businesses
support the current structure of CPP, it is a significant payroll tax
at 9.9 per cent of an employee's salary. If parties are looking at
increasing this tax, they should be clear with Canadians that they are
planning on increasing their taxes," Swift added. A CFIB report
released in 2010 revealed that 235.000 jobs would be lost by year six
of a schedule to double benefits.
As well, CFIB will be leveraging Twitter to keep its membership informed
in the weeks leading up to the election (follow @cfib). In addition to
the survey, CFIB has invited all party leaders to provide a short video
with their vision for entrepreneurs in Canada. CFIB will also be
sending real time tweets of small business-related discussion during
the French and English leaders' debates.
Both the written and video responses will appear on CFIB's federal
election website (www.cfib.ca/federalelection).
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 with Catherine Swift, please contact Meghan Carrington or Adam Miller at 416 222-8022 or email email@example.com