Pre-budget submissions focus on tax policy, business growth
Plus, CFIB pushes for certainty, cost relief for small business
Also, CFIB calls for legislative action on lifetime capital gains exemption, Canadian Entrepreneurs' Incentive, carbon tax
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Basic personal amount would increase, and small biz tax rate would drop while threshold would increase to $700K
Accumulating rules reduce output, hit larger firms harder
However, some businesses have yet to see much impact from the tax break
NFIB’s small biz optimism index rises to its highest reading since June 2021
Feds boost SR&ED, renew accelerated investment incentive
Groups urge feds to launch a formal review of the Income Tax Act