Party leaders neglect to provide the immediate tax relief small businesses need
Winnipeg, September 4, 2019 – Today, the Canadian Federation of Independent Business (CFIB) released responses to its Manitoba Election 2019: Party Leaders’ Survey on Small Business Priorities ahead of the September 10th election. Leaders from three of the four major provincial parties responded to questions on taxation, spending, red tape, labour and training – but their responses leave business owners needing more.
“If I was grading these election platforms, I’d say all parties have neglected to provide small businesses with the immediate tax relief they need,” said Jonathan Alward, CFIB’s director of provincial affairs for Manitoba. “While there are positives, we are disappointed that no party has committed to increase the Basic Personal Exemption amount to the national average, which is the top priority for small businesses.”
The questions reflected recommendations made in CFIB’s Small Business Platform, which identified tax relief as the top priority for Manitoba’s small businesses. However, no parties committed to provide tax relief plans for all of the three major areas of tax concern: the Basic Personal Exemption (BPE) amount, education property taxes, and payroll taxes.
The New Democratic Party of Manitoba promised to increase the Small Business Corporate Income Tax threshold to $550,000, but did not commit to address any major tax concerns. The Manitoba Liberal Party was the only party not to respond to the survey.
The Progressive Conservative Party of Manitoba committed to one of the three major tax concerns with its long-term plan to phase out all education property taxes, beginning the year after balancing the budget in 2022-23. The Green Party of Manitoba committed to removing education property taxes by moving the funding requirements under personal and corporate income taxes. They also committed to use their proposed carbon tax - $150 per tonne of CO2 emissions - to lower and eventually eliminate the Health and Post-Secondary Education Tax Levy.
While the four parties are all offering too little tax relief, there are some areas where the parties share positive ideas:
“While it is encouraging to see that the parties are on the same page as small businesses in terms of government spending, more must be done to help improve Manitoba’s small business climate,” added Alward. “CFIB will work hard to push the next Government of Manitoba to provide more meaningful tax relief for the province’s job creators after September 10th.”
Positive commitments for small business:
The party leaders made the following commitments:
NDP:
PC:
Green:
Liberal:
Areas of concern for small business:
The party leaders made the following commitments:
NDP:
PC:
Green:
Liberal:
To arrange an interview, please call 204-982-0817 or email msman@cfib.ca. You can follow CFIB Manitoba on Twitter @cfibMB.
You can also learn more about CFIB’s recommendations to Manitoba’s party leaders for the upcoming provincial election by reading the Manitoba Election 2019: Small Business Platform.
About CFIB
The Canadian Federation of Independent Business (CFIB) is Canada’s largest association of small and medium-sized businesses with 110,000 members (4,800 in Manitoba) 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.