Canadian Federation of Independent Business Toughts on Upcoming Federal Budget

From the CFIB website:

“In advance of the 2015 federal budget, CFIB presented recommendations on behalf of Canada’s small business community. With the possibility of a budget surplus, the federal government is in a good position to invest in small business-friendly measures, such as:

• Reduce the small business corporate tax rate from 11 to 9 per cent.
• Reduce the overall burden of payroll taxes by:
  • Lowering EI rates as soon as the EI account reaches the break-even rate; and,
  • Retaining the Small Business Job Credit beyond 2016 in the form of a training tax credit;
• Continue to address red tape by setting a “20% in 3 years” reduction target.”

These recommendations are quite difficult to reconcile with the recent corporate tax increases announced in the Quebec budget a few weeks ago…

But then in Quebec, many would like us to believe that there is a “major tax regime overhaul” happening right before our eyes…

See the CFIB 2015 Budget Submission here (en français ici).

Robert Robillard, Ph.D., CPA, CGA, MBA, M.Sc. Econ.
Senior Partner, DRTP Consulting Inc.
514-742-8086; robertrobillard “at” drtp.ca
www.drtp.ca

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