OTTAWA, March 22, 2016 /CNW/ - Senior representatives from the Canadian Federation of Independent Business (CFIB) will be in Ottawa today to provide the small business reaction to the 2016 federal budget. CFIB president Dan Kelly will be available immediately after the budget is tabled at 4pm (EST).
CFIB recently met with the finance committee and made the following recommendations on behalf of its 109,000 small and medium sized member businesses:
- Continue with the reduction in the Small Business Tax Rate to 9 per cent by 2019
- Reject any plans to increase the Canada Pension Plan (CPP) / Quebec Pension Plan (QPP) and work with provinces to ensure more voluntary savings options, like Pooled Registered Pension Plans (PRPP), are made available to Canadians
- Make the Employment Insurance (EI) system fairer for employers
- Make it easier for business owners to pass their businesses on to the next generation
"Small and medium sized businesses are Canada's top job-creators and the drivers of our economy. Their priorities are Canada's priorities," said Kelly. "Continuing to lower the small business tax rate and ensuring that small business owners won't have to worry about an increase to their payroll taxes will go a long way towards building confidence and encouraging Canada's economic development.
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: To arrange an interview with Dan Kelly, please contact Ryan Mallough at 647-464-2814 or email [email protected]