2017 budget a relief for small firms but worries, tax hikes on horizon

Toronto/Montréal, March 22, 2017 – In responding to the 2017 Federal Budget, the Canadian Federation of Independent Business (CFIB) noted that small business owners will be relieved to learn there are no measures to raise taxes on capital gains or small business income in 2017.

Now, even the smallest business can get Mastercard’s BIG BUSINESS rates

Recognizing the important contribution, and collective buying power of CFIB’s 109,000 members who generate over $3 billion in annual Mastercard sales, Mastercard Canada has agreed to match its top tier rates for CFIB members — rates otherwise reserved for a handful of Canada’s largest merchants.

Avoiding scams: Check out the Competition Bureau’s Little Black Book of Scams

The Little Black Book of Scams provides hints on how to identify and avoid scams (internet scam, mobile phone scam, small business scam, etc.). It also provides contact information for reporting scams to the correct authorities. Bank has added new features to help better connect employers with employees. Find out more here. Advice is free for members: call 1-888-234-2232.

Help Wanted: Private sector job vacancies, Q4 2016

Canada’s private sector job vacancy rate was once again unchanged at 2.4 per cent in the fourth quarter of 2016. This is the fourth consecutive reading at that level, mirroring similar stability in the unemployment rate. Although representing just over 300,000 unfilled jobs it shows continuing slack in Canada’s labour market overall.

CPP hike moves forward: what’s next for small business?

With BC wrapping up consultations and signing off on CPP expansion, the plan to hike premiums is moving forward. CFIB reflects on the outcome and looks to mitigate the damage to small businesses.

Our focus on agri-business

We represent 7,200 agri-businesses like you on the business related issues of farming. Find out more about what we’re doing to help your bottom line here.

Take Action
We Make a Difference