Only 15 per cent of Ontario small business owners feeling confident in their government’s small business vision
TORONTO—The Canadian Federation of Independent Business (CFIB) says its most recent survey suggests Canada’s small business owners question their provincial governments’ vision for small business.
The Ontario government is trailing in the provincial ranking, with only 15 per cent of small business owners feeling confident in their government’s small business vision.
“Small business owners in Ontario are already facing significant payroll tax increases in the form of the recently announced minimum wage hike and the proposed Ontario Pension Plan,” said Nicole Troster, CFIB’s senior policy analyst for Ontario. “These survey results show that the province’s job creators have very little confidence in the direction the government is taking to stimulate economic growth.”
Sixty-three per cent of small business owners indicate the current level of provincial taxes discourage them from growing their business, while only only three per cent think the Premier understands the realities of running a small business.
“Small businesses want the government to work with them, not against them”, said Troster. “Hiking taxes or adding a whole suite of new taxes and fees will not improve business confidence or make it easier for the province’s small businesses to create jobs.”
CFIB’s key recommendations focus on keeping taxes reasonable, controlling government spending, reducing red tape, balancing labour laws and balancing budgets.