Small Business gives the federal budget a “B”

Small business owners received some positive news in the 2013 federal budget with movement on several of the top recommendations from CFIB.

The federal budget delivered on several top issues for small firms, including:

  • Renewing and expanding by 50% the Employment Insurance Hiring Credit
  • Enhancing the Lifetime Capital Gains Exemption to $800,000 and indexing it to inflation

    Federal Budget 2013

    Federal Budget 2013

    Dan Kelly meets with Finance Minister Flaherty

  • Remaining focused on eliminating the deficit by 2015
  • Extending the accelerated capital cost allowance for machinery and equipment for two years
  • Making progress on red tape – particularly at the Canada Revenue Agency
  • Announcing plans to address unfair sick leave provisions for civil servants and unaffordable crown corporation pensions 

Overall we are pleased to see the government moving forward on many of the small business recommendations made by CFIB. As always, there continues to be opportunities for improvement and CFIB will continue to lobby on behalf of our members to ensure that small business remains a top priority to the government.

Please read the full list of recommendations, Growing SMEs = Growing Economy to learn more.

Small Business give the Federal Budget a "B"