Ottawa, November 20, 2018 – The Canadian Federation of Independent Business (CFIB) is available to comment on Wednesday’s Fall Economic Statement from the federal government.
CFIB is looking to the government for support on several issues affecting small businesses in particular:
- A measure to allow businesses to deduct purchases of new equipment or technology, in the year of purchase.
- A permanent lower EI rate for small business and an EI holiday for hiring youth.
- A reinstatement of the government’s promise to grandfather existing passive investments from the formula for determining eligibility for the small business deduction.
- A delay of the full implementation of the new income splitting rules and a full exemption for spouses.
- A commitment to reducing red tape, especially for interprovincial trade.
- A plan to balance the budget within the next three to five years.
- A move to ensure that selling a small business to a family member is not more cumbersome than selling to a third party.
CFIB representatives across the country are available to comment on the update and what it could mean for small businesses. Corinne Pohlmann (Senior Vice-President, National Affairs), Monique Moreau (Vice-President, National Affairs) and Martine Hébert (Senior Vice-President and National French Spokesperson) will be in Ottawa for the announcement.
For media inquiries or interviews, please contact:
Milena Stanoeva, CFIB
The Canadian Federation of Independent Business (CFIB) is Canada’s largest association of small and medium-sized businesses with 110,000 members across every industry and region. CFIB is dedicated to increasing business owners’ chances of success by driving policy change at all levels of government, providing expert advice and tools, and negotiating exclusive savings. Learn more at cfib.ca.