Tax Burden Weighs on Canadian Small-Business Growth Plans, CFIB Says
MT newswire2026/10/07 12:4608:46 AM EDT, 10/07/2026 (MT Newswires) -- The tax burden weighs on the growth of Canadian small firms, with only 7% of firms planning to significantly expand or diversify over the next 12 months, according to the Canadian Federation of Independent Business (CFIB) research. Cost and economic pressures are limiting growth for 31% of businesses, with 59% of those citing taxes as the biggest barrier to expansion, wrote CFIB in the research published Wednesday. CFIB is calling for tax relief in the upcoming federal budget, including a cut in the small-business tax rate from 9% to 6%, a higher sales tax (GST/HST) threshold and measures to support reinvestment and self-employed businesses. Three in five small businesses, or 58%, say they would use tax savings to increase employee wages, while 48% would prioritize debt repayment and 47% would invest in expansion, it added.
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