CFIB presents small business priorities ahead of federal budget
TORONTO, Jan. 24, 2014 /CNW/ - If the federal government wants to grow
the economy and get job numbers back on track, it need look no further
than solutions recommended by the small business community. The
Canadian Federation of Independent Business (CFIB) presented its top
pre-budget priorities in a recent meeting with federal Finance Minister
"The latest job numbers show how fragile our economy continues to be,"
said CFIB president Dan Kelly. "Small business can be a big part of the
solution, but needs government to help create the right environment for
Key budget priorities for small business include:
Small business tax rate: lower the rate from 11 to 9% over time - starting with a 0.5% decrease
EI hiring and training credit: recognize the costs of on-the-job training done by small business by
retaining the Hiring Credit.
Public sector pensions: end the bridge benefit and phase-out early retirement.
"CFIB began our meeting with Minister Flaherty by thanking him for his
government's leadership in pushing back against plans to hike Canada
Pension Plan and Quebec Pension Plan premiums," Kelly said. "We asked
him to consider lowering the small business tax rate and keeping the EI
credit to serve as direct incentives to growth and hiring."
In addition to keeping the focus on eliminating the deficit by 2015 by
restraint on public sector compensation, benefits and pensions, CFIB
asked the Minister for early help in addressing rapidly rising credit
card processing fees for merchants and consumers.
In advance of CFIB's Red tape Awareness Week starting January 27th, Kelly shared with the Minister several ways to reduce the regulatory
burden on small firms as a low-cost way to stimulate the economy and
create jobs. CFIB's full pre-budget submission is available at www.cfib.ca.
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:
For more information or to arrange an interview with Dan Kelly, contact Gisele Lumsden at 416 222-8022 or email firstname.lastname@example.org.