Ottawa, October 24, 2017 – Representatives from the Canadian Federation of Independent Business (CFIB) will be available for comment prior to and following the federal government’s Fall Economic Statement, which will be tabled in the House of Commons this afternoon at approximately 4:00 p.m. (EDT).
CFIB will be watching the statement closely for updates on several important files for small and medium-sized businesses, including:
- The plan for reducing the small business corporate tax rate to nine per cent;
- Changes to small business taxation, including sharing business income with family members; and
- The government’s fiscal situation and deficit reduction measures.
“While CFIB notes important progress in improving proposed tax changes for small firms, our members continue to have major concerns with the revised rules for income sprinkling and passive income,” said Dan Kelly, President of CFIB. “It is critical that government share details of the proposals and build in an additional period for review and consultation to ensure there are no unintended consequences.”
Follow Dan Kelly on Twitter (@CFIB) for immediate reaction and updates.
For further information, or to arrange an interview, please contact Andy Radia at 647-464-2814 or [email protected].
CFIB is Canada’s largest association of small and medium-sized businesses, with 109,000 members across every sector and region.