Canadian businesses are urging the federal government to prioritize tax reform, reduce regulatory burdens, and turn economic promises into tangible investments ahead of Thursday’s budget announcement. Key demands include lowering the small-business tax rate from nine per cent to six per cent and raising the income threshold from $500,000 to $700,000. The Canadian Federation of Independent Business (CFIB) argues that small businesses are struggling with rising costs and feel neglected as Ottawa focuses on large corporations and national projects.
The Business Council of Canada is pushing for more competitive tax policies to attract investment, while the Canadian Chamber of Commerce seeks changes to the global minimum tax and interest deduction rules. David Pierce of the chamber emphasized the need to match the U.S. in making Canada an attractive place for capital deployment and job creation.
Red tape reduction and faster project approvals are also top priorities. Dennis Darby of Canadian Manufacturers & Exporters stressed the need for predictable regulatory processes to encourage investment. Meanwhile, business groups are calling for concrete measures to turn major project announcements into actual economic activity, including capital investment and job creation.
Other key concerns include tariff relief, trade stability, access to skilled labor, and relief from rising business costs. The Canadian Home Builders’ Association is seeking an extension of the federal GST rebate on new homes to all buyers, not just first-time purchasers. Additionally, removing interprovincial trade barriers and improving labor mobility are seen as critical steps to strengthen the economy.