The economy and small business recovery are top election issues for businesses, but most are not convinced they will be addressed
The economy is the number one issue small business owners want to address in the next federal election (78%), with small business recovery coming in second (74%), but less than a quarter of business owners (24%) are confident their concerns will receive enough attention, according to a new survey by the Canadian Federation of Independent Business (CFIB)1. CFIB has launched a new petition that business owners can sign at cfib.ca/electionpetition tell all federal parties what measures they want to see in their platforms.
“Small businesses have been going through the boom in the past 16 months, and many see a long and bumpy road to recovery. They want to see all political parties engage in real measures that can support them now that an election has been called, ”said Dan Kelly, President of CFIB.
Canadians also want small business issues addressed in the next federal election, according to a separate opinion poll conducted by CFIB of Angus Reid Forum members. The economy (59 percent) and small business recovery (47 percent) ranked among the top five election issues for Canadians. More than nine in ten Canadians (93%) agreed that small business takeovers are critical to from Canada economic recovery, with 83 percent of them also saying that a strong platform for small business will be important in this election.
Measures that business owners want to see included in federal party platforms include2:
- A clear and detailed economic recovery plan (81%), including improving COVID-19 relief programs like the Canada Emergency Business Account (CEBA) and salary and rent support for all small businesses
- Plans to reduce the overall tax burden on small businesses (77%)
- A commitment to control government spending and a schedule to balance the budget (72%)
- A plan that ensures any future changes to EI are made with small business in mind (71 percent)
- Policies to address labor and skills shortages (58%)
“It is imperative that the next government has a strong and clear vision for small business recovery. CFIB stands ready to work with all parties as they draft their platforms to ensure the needs of small business owners take center stage, ”added Corinne Pohlmann, Senior Vice-President of National Affairs at CFIB.
SOURCE Canadian Federation of Independent Business