Don’t increase my taxes!

DON’T INCREASE MY TAXES!

Small businesses need time to focus on their recovery, now is not the time to increase taxes! Call on the federal government to not increase payroll taxes and freeze changes to the CPP, EI premiums, and additional sick days.

CPP went up again this year and will do so for the next 3 years.
81% of business owners say now is not the time to increase the cost of doing business.
Government needs to freeze future CPP hikes!

CPP

4 more years of CPP hikes will cost your business!
(cumulative $ increase per employee; amounts are doubled for self-employed)

	2022	2023	2024	2025
Earnings = $30,800	$123	$191	$191	$191
Earnings = $64,900*	$601.80	$755.30	$755.30	$755.30
Earnings = $78,500	$601.80	$868.35	$1,185.30	$1,416.30

*2022 yearly maximum pensionable earnings

EI

With recent changes to EI, businesses could be on the hook for higher premiums!

Estimated cost is $13.5 billion. By 2026, a company with 10 employees could pay $1,500 more in EI per year.

News article title from iPolitics: Extending EI to more workers will cost $13.5 billion: budget watchdog (by Jolson Lim - Published on Oct 19, 2020, 3:42pm)

	2022	2023	2024	2025	2026
EMPLOYER RATE	$2.21	$2.28^*	$2.35^*	$2.42^*	$2.45^*

*Projected with 7-cent rule

Carbon Tax

Current: $40/tonne
April 2022: $50/tonne
April 2023: $65/tonne

News article title from National Post - John Ivison: Get ready for Liberals' secret new carbox tax

Paid Sick Days

If the paid sick days become permanent, they will cost the average business owner up to an additional $2,229 per employee!*

*Based on average weekly earnings in Canada.
Source: Statistics Canada, Payroll employment, earnings and hours, August 2020

News article title from CBC: Liberals, NDP reach deal on sick leave, avoiding immediate election (image showing Justin Trudeau and Jagmeet Singh)

Hon. Chrystia Freeland, Minister of Finance

My business is still deeply affected by the pandemic. Now CPP is set to increase again January 1, 2023.

It’s a long way from business as usual. Looming tax increases threaten my recovery and ability to sustain positions for my staff.

I can’t take another hit just as I start to recover!

To keep small businesses like mine on track, I am urging you to:

Freeze future Canada Pension Plan (CPP) increases.
- If it is not possible to freeze, offset the cost of the increase by introducing a rebate for small businesses.
Ensure my business doesn’t absorb the cost of any new paid sick days.
Don’t increase any taxes (like the carbon tax, EI premiums, etc.) while small businesses are still trying to recover.