MONTREAL, May 27, 2021 / CNW Telbec / – The Canadian Federation of Independent Business (CFIB) welcomes the planned drop in the average contribution rate to the Occupational Health and Safety Fund (FSST). Compared to 2021, it will decrease by $ 0.10 to stand at $ 1.67. The CFIB underlines the good management and the prudent evaluation carried out by the CNESST to arrive at this decision.
“For Quebec entrepreneurs, this is good news, especially since what they are asking the government first is to tackle the tax burden to help them get back on their feet. Quebec is still the place where payroll taxes are the highest in Canada, ”explains François Vincent, Quebec vice-president at the CFIB.
In this regard, CFIB says the lower tax burden on SMEs is beneficial both for those still weakened by the pandemic and for those suffering the impact of labor shortages. It therefore encourages the Quebec government to create a tax environment more favorable to business growth.
For more information, you can consult the CFIB report titled Payroll taxes: an obstacle to the growth and competitiveness of SMEs.
About CFIB
The Canadian Federation of Independent Business (CFIB) is the largest association of SMEs in the country, with 95,000 members in all industries and regions. It aims to increase the chances of success for SMEs by defending their interests with governments, providing them with personalized resources and offering them exclusive savings. Visit fcei.ca to know more.
SOURCE Canadian Federation of Independent Business
For further information: Wissal El Alaoui, press officer, FCEI, Cell. : 514 817-0228, [email protected]
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