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Election 2019: What the results mean for your business

The results are in: the Liberal Party will form a minority government, with the Conservatives sitting as Official Opposition. The NDP, Bloc Québécois and Green Party will also take their spots in Parliament, with 24, 32, and 3 seats. There is also one independent MP. 

Throughout the campaign, we made sure that the issues important to your business were front and centre. With the government getting ready to implement its mandate, we’re not about to stop. 

What the government promised

The new government, along with most of the other parties, responded to our pre-election survey about their vision for independent business in Canada. You can check out their responses to questions on taxation, red tape, the labour shortage and more. 

Some of the Liberals’ campaign pledges were particularly encouraging for business owners like you, such as:

  • Eliminating credit card processing fees on HST and GST
  • Cutting the cost of federal incorporation by 75 per cent, to $50 from $200
  • Continuing to work with farmers on tax measures to facilitate the intergenerational transfer of farms, making it easier for farmers to transfer or sell family farms to family members or others
  • Moving forward with free trade within Canada

We’ll be holding them accountable for what they wrote, and what they promised in their platform. 

How we are fighting for your business 

With increased costs to your business, like the CPP hikes, we’re going to push for policies with the new government that will ensure your business can succeed now and into the future. 

More than 13,000 of you signed our letter to the party leaders, pressing them to take seven concrete steps to support your business. We delivered those letters to the NDP and Conservatives, and brought those recommendations to dozens of meetings with candidates who now sit in the House of Commons. We’ll also send the letters to all MPs and the other party leaders, and the steps you asked for – including balancing the budget within five years, exempting spouses from new income-splitting rules and making it easier to sell your business to a family member – will be some of our first demands to the new government.

What you can do

The government won’t hear you if you don’t speak up – so make sure to share your views with us! If you’re a CFIB member, respond to our surveys and tell us what your business needs; we’ll take your perspective to MPs. 

Not a member yet? Join CFIB to make yourself heard

October 22, 2019

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