• July 22, 2022

Small companies feeling strain from authorities prices: CFIB

“Companies which have held on by a thread throughout COVID at the moment are struggling to get better they usually’re simply confronted with these mounting price pressures.”

(Twitter/Brianna Solberg/CFIB Saskatchewan)

Solberg added SaskPower not too long ago elevated its charges and as of July 1, small companies are once more paying company earnings tax.

Different government-imposed prices which might be coming down the pipe embody the proposed additions to the PST to incorporate leisure venues, health facilities, and sporting occasions.

All this on prime of rising inflation and value of residing is proving an excessive amount of for some companies.

“Price reduction is changing into pressing for Saskatchewan small companies,” stated Kathleen Cook dinner, CFIB’s provincial affairs director. “As an alternative of piling on new prices that make it more durable for small companies to get better and develop, the Saskatchewan authorities ought to be offering some price reduction.”

“We have been calling on them to quickly droop the provincial gasoline tax and we have been calling on them to, as soon as once more, droop assortment of the small enterprise company tax,” stated Solberg who added they’re additionally asking for the proposed adjustments to the PST to be placed on maintain and to droop the gathering of small companies company earnings tax.

Solberg couldn’t converse to particular municipalities however stated these provincial prices are affecting the vast majority of small companies in Saskatchewan.

[email protected]

Twitter: @PA_Craddock