The Canadian Federation of Independent Business is pushing the federal government to have a plan to balance the books and cut taxes in its next budget.
In a presentation to the House of Commons today in Ottawa, it lobbied the government to create “the right fiscal conditions for investment and job creation.”
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It also asked the government to present a plan to return the federal budget to balance within three to five years; mitigate potential impact of a CPP hike on small firms by reinstating the plan to reduce small business corporate tax rate to 9%; and institute a permanent lower EI rate for small businesses and renew the EI “holiday” for hiring young workers.
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Other requests include
Training: ensure training funds recognize informal, on-the-job training provided by small firms; introduce a flexible, accessible training tax credit for small businesses
Temporary Foreign Worker program: continue program review and work towards a pathway to permanent residency for all TFWs
Innovation: when implementing new regulations, policies and taxes, ensure that these do not negatively impact businesses’ abilities to innovate
Red Tape: Make red tape reduction a priority and carefully consider the need for all new regulation