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!
4 more years of CPP hikes will cost your business!
(cumulative $ increase per employee; amounts are doubled for self-employed)
|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
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.
*Projected with 7-cent rule
- Current: $40/tonne
- April 2022: $50/tonne
- April 2023: $65/tonne
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
SIGN THE PETITION
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.