Toronto, November 3, 2025 - The Canadian Federation of Independent Business (CFIB) will be available for comment prior to, and after, tomorrow’s federal budget. CFIB president Dan Kelly, executive vice-president of advocacy Corinne Pohlmann and vice-president of national affairs Jasmin Guenette will be in Ottawa on November 4 to discuss the federal budget and its implications for Canada’s small businesses.
CFIB’s top budget priorities include:
• Carbon tax: Confirm the tax-free status of the $2.5-billion small business rebate issued in December 2024 and immediately return the outstanding $623 million in 2024-25 rebates. Deliver on the promise to allow any firms that filed their 2024 tax returns before December 31, 2024, to qualify for the original and upcoming rebates.
• Capital gains: Pass the promised increase to the Lifetime Capital Gains Exemption threshold to $1.25-million, retroactive to June 25, 2024, and proceed with the Canadian Entrepreneurs’ Incentive program committed to earlier this year.
• Tariffs: Return collected counter-tariff revenues to affected small businesses across all sectors.
• Small business tax rate: Reduce the federal small business tax rate, increase the federal small business exemption threshold from $500,000 to $700,000 and index the threshold to inflation annually going forward.
• Public finance: Implement a clear path to balancing the overall government budget with legislated spending limits outside of a global crisis.
For media enquiries or interviews, please contact:
Dariya Baiguzhiyeva, CFIB
647-464-2814
public.affairs@cfib.ca
About CFIB
The Canadian Federation of Independent Business (CFIB) is Canada’s largest association of small and medium-sized businesses with 100,000 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.
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