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Budget,
Small Business,
Taxation and Finance
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Canadian Federation of Independent Business (CFIB) shares its suggestions for Budget 2025 focusing on: reducing Employment Insurance premiums for small businesses; reducing taxes, red tape and barriers to internal trade; and revisiting the proposed capital gains tax changes.
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Employment and Training,
Small Business,
Taxation and Finance
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CFIB supports lower EI rates for small business employers and encourages the adoption of EI training credit for new employees.
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Financial Institutions
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Expanding the Credit Card Code of Conduct to include mobile and electronic payment provisions. Ongoing monitoring of the effectiveness of the code. Sharing concerns about the availability of banking services / costs offered to SMEs (e.g. Access to open banking). Any issues are raised with officials.
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Internal Trade,
Small Business
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Lobbying to reduce Red Tape and improve government customer service. This includes providing input for the consultations on the Annual Regulatory Modernization Bill.
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Labour,
Taxation and Finance
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Retirement Income Policies, and proposed Canada Pension Plan increases. CFIB is against mandatory increases in Canada Pension Plan, and has provided alternative approaches. CFIB has also shared recommendations to reduce disincentives to work for older workers.
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Small Business
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Sharing data information and recommendations related to the state of SMEs overall and for specific sectors.
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