CFIB urges Ottawa to lower small business tax rate amid expansion concerns

The Canadian Federation of Independent Business is calling on the federal government in Ottawa to reduce the small business tax rate. Research from the organization indicates that 31 per cent of small businesses are being prevented from expanding due to cost and economic pressures. Among those businesses, 59 per cent identified the tax burden as their largest barrier to growth.

The organization argues that high taxes are causing most businesses to prioritize stability over growth, with 56 per cent intending to maintain their current course. CFIB specifically recommends reducing the federal corporate tax rate from nine per cent to six per cent. This lobbying effort is part of the Canadian Federation of Independent Business's ongoing engagement with the government of Ottawa.