The simple fact is: Manitoba’s small businesses are facing a greater cost crunch than they did three years ago. Taxes are increasing and other costs are rising from every level of government, and the problem is expected to get worse with annual hikes coming to both Canada Pension Plan (CPP) premiums and carbon taxes.
While, Government of Manitoba increased the small business corporate income tax threshold to $500,000 to begin 2019, and lowered the Provincial Sales Tax (PST) to 7 per cent on July 1st, 2019, more tax relief is needed now to ensure the province’s tax competitiveness doesn’t erode further.
For more information, read CFIB’s Manitoba Election 2019: Small Business Platform, or visit CFIB’s Manitoba Election website.
To find where the Government of Manitoba stands on small business priorities, visit CFIB’s Party Leaders’ Survey on Small Business Priorities.
Do you have stories to share about how increasing provincial taxes have negatively impacted your business? Call CFIB today at 1-888-234-2232 or send an email to [email protected].
