CFIB CALLS FOR MORE GOVERNMENT TAX CUTS ON FUEL

Jul 11, 2022

By Steve Kee

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Gas prices have hit us all hard at the pumps in recent months and despite cuts to taxes her in Ontario July 1st, the Canadian Federation of Independent Business wants more help.

The CFIB says record gas prices, supply chain snarls and labour shortages have pushed the cost of doing business through the roof.

They are calling on the federal and provincial governments to temporarily eliminate or lower fuel taxes saying higher transportation and fuel costs have driven 92 per cent of small businesses to increase prices in the past 12 months.

The business group says governments should make doing business in Canada more affordable by also pausing planned hikes to carbon taxes.

It’s also asking for the small business deduction threshold to be raised to $600,000 from $500,000, as is now the case is Saskatchewan, and index the threshold to inflation annually.

The request comes as Canada’s premiers gather at the 2022 Council of Federation meeting in Victoria.

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