You identified five key areas the Manitoba government needs to focus on in order to improve the climate for small business. You’ll see some progress has been made over the past year, but there is much work left to be done.
Accomplishments so far include:
- Indexed the Basic Personal Exemption and Person Income Tax Brackets;
- Legislated regulatory accountability;
- Implemented Pooled Retirement Pension Plan legislation;
- Signed a new agreement on internal trade (Canadian Free Trade Agreement );
- Reinstated secret ballot voting for union certification; and
- Passes balanced budget and taxpayer referendum legislation.
We're not done yet! Small business priorities that still stand include:
Fixing the fiscal fundamentals
- Balance the budget no later than 2020, without tax increases.
- Keep annual spending increases sustainable (2.7% or less).
- Reduce the size of provincial civil service.
Creating a competitive tax environment
- Reduce PST to 7%.
- Increase the small business exemption for the Manitoba payroll tax and index to inflation.
- Increase the small business corporate tax threshold to $500,000.
- Increase Basic Personal Exemption by $2,000.
Cutting red tape
- Set a target to reduce red tape by 30% in three years.
- Introduce a TaxPayer Service Commitments & Standards Code.
Balancing labour laws
- Eliminate Project Labour Agreements requiring unionized workers.
Reforming Manitoba WCB
- Reduce WCB’s overfunded position and ensure future funding policy provides rebates to employers when in surplus.
We will continue to do what we have done for the past 46 years: commend good policy and criticize bad policy to help improve Manitoba’s small business climate.