SKY HIGH COSTS ARE CRUSHING MY BUSINESS!

Government needs to reduce the cost of doing business in Canada!

CPP

From 2019 to 2024, the maximum CPP contribution payable increased by up to $1,307 per employee!

*Amounts are doubled for self-employed.

EI

EI revenues will increase by $1.4 Billion from 2023 to 2024. Since 2019, the maximum EI contribution has increased by up to $264 per employee!

Federal Carbon Tax

The carbon tax is up to $80/tonne and increasing!

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Labour & Insurance Costs

Since 2019, labour costs are up 25%¹.

Insurance cost concerns have increased 41%² since 2019.

1. Source: Statistics Canada
2. Source: CFIB monthly Business Barometer

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Huge subsidies for Big Business!

The government can find BILLIONS for foreign-owned car companies, but where’s the help for small business?

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Capital gains hikes!

In June 2024, the federal government increased the capital gains inclusion rate from 50% to 66.7%!

Hon. Dominic LeBlanc Minister of Finance

CC: My Member of Parliament

The cost of everything is going up! In the last five years alone: the carbon tax is up, the CPP is up, EI premiums are up! The costs of labour and insurance have skyrocketed.

Now, new changes to capital gains are squeezing my savings!

My business can’t take it! It’s time for you to step in and reduce the cost of doing business in Canada!

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

Eliminate the carbon tax and return all the money paid in by small business owners in a fair manner.
Keep the capital gains inclusion rate at 50%, instead of increasing it to 66.7%.
Expand the new Canadian Entrepreneurs Incentive to all business sectors.
Include the sale of assets in the calculation for the Lifetime Capital Gains Exemption and the Canadian Entrepreneurs Incentive.
Introduce a lower Employment Insurance (EI) premium rate for smaller employers.
Pause any CPP premium or threshold increases.
Reduce the Small Business Tax Rate and increase the Small Business Tax Rate threshold to $700,000 and index it to inflation.