The Canadian Federation of Independent Business (CFIB) is Canada’s largest association of small and medium-sized businesses. The CFIB has published its list of recommendations for the upcoming federal budget 2017. The recommendations for the upcoming budget includes the reduced tax rates of 9% for small business, consideration of implementing a permanently lower EI rate for small employers and an “Innovation Deduction” that would allow businesses to claim up to $100,000 per year spent on new equipment or technology.
Related Posts
Canada: British Columbia 2025 budget proposes real estate tax and film industry changes
March 07, 2025
The Canadian province of British Columbia unveiled its 2025 budget on 4 March 2025. The 2025 budget has no changes to corporate or personal tax rates. However, it proposes the following tax measures: Increase in the speculation and vacancy tax
Read More
US: Trump halts tariffs on USMCA products
March 07, 2025
US President Donald Trump signed executive orders halting the recently imposed tariffs on imports from Canada and Mexico covered under the United States-Mexico-Canada Agreement (USMCA) yesterday, on 6 March 2025. The USMCA allows goods to move
Read More US: Trump exempts automakers from Mexican, Canadian tariffs for a month
March 06, 2025
According to the White House, on 5 March 2025, US President Donald Trump has decided to exempt automakers from his 25% tariffs on Canada and Mexico for one month if they follow existing free trade rules. Following discussions with the three
Read More Canada retaliates with 25% tariffs on US products
March 05, 2025
In a retaliatory move, Canada’s Prime Minister Justin Trudeau, in a statement and a post on X, announced that Canada will implement 25% tariffs on CAD 155 billion of American products. This follows after US President Donald Trump’s new 25%
Read More Canada: Nunavut presents 2025-26 budget, no income or corporate tax hike
March 04, 2025
Canadian province, Nunavut’s Finance Minister Lorne Kusugak delivered the province’s 2025-26 budget on 24 February 2025. The key aspect of the 2025-26 budget is it includes no increases to corporate or income taxes. However, the federal
Read More Canada: Alberta presents tax measures for 2025 budget
March 03, 2025
Alberta’s Finance Minister Nate Horner has presented the province’s budget for 2025 on 27 February 2025. Alberta is facing its first deficit since 2020-21, with no clear plan yet to return to a surplus. The province anticipates a CAD 5.2
Read More