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The federal government is planning to move forward with a new statutory holiday to mark the legacy of residential schools. Each provincial government will decide if they implement it as a full statutory holiday in their province.
Potential cost to employers
Premier Moe has said the provincial government will consider the cost to employers before deciding whether to observe the holiday in Saskatchewan.
The introduction of a new statutory holiday has major costs for the economy and businesses. In fact, preliminary estimates from CFIB based on StatsCan data and provincial government methodology indicate that one additional paid statutory holiday could cost Canadian businesses up to $3.6 billion in potential lost productivity. In Saskatchewan, this equates to $126 million.
When CFIB surveyed our members in recent years across the country, generally business owners do not support new statutory holidays by a ratio of 2:1. That’s why we are urging the provincial government to consider how another statutory holiday will impact business owners.
We need to hear from you! Contact CFIB today to tell us what impact a new statutory holiday would have on your business (e.g. higher wage costs to stay open during a holiday, lost production etc.). We will share your views with the Premier. Call CFIB Business Counsellors at 1-888-234-2232 or email [email protected].