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…
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