Canadian Federation Of Independent Business Says Government Needs To Do More To Help Small Business Owners

Posted on Wednesday, February 1, 2017 06:01 AM

The continued cuts in the New Brunswick small business tax are welcome, but not enough.

That's according to Louis-Philippe Gauthier of the Canadian Federation of Independent Business.

He says that tax rate reduction is only a drop in the bucket compared to the increases in other areas.

"Gas tax has been raised, diesel tax has gone up, property taxes have gone up, land transfer tax has gone up, the minimum wage has gone up, HST raised 2%, large business tax up 2%, EI rates are going to go up for small businesses, there's a new carbon tax coming," listed Gauthier.

Gauthier says the government should be focused on reducing the overall tax burden in order to create a competitive and thriving economy.

"79% of CFIB members identified lowering the overall tax burden as the top thing the government could do to help their businesses grow," says Gauthier.

He says small business owners feel as if government doesn't understand the reality of running a business in New Brunswick.