96 per cent of Canadians say small business is important to Canada’s future
November 13, 2019, 3:12 pm
More than nine in 10 Canadians say that small businesses are vital to their communities, according to a new public opinion poll by the Canadian Federation of Independent Business (CFIB). T
The CFIB encourages the new federal government to put small business at the centre of its agenda and support entrepreneurship in Canada.
“Canadians value entrepreneurs and the contributions they make to their communities. One in two are even considering starting a business one day,” said Corinne Pohlmann, CFIB’s Senior Vice-President of National Affairs.
“We should be supporting small business owners and encouraging those who are thinking of making the leap. Eight out of 10 Canadians say that governments undervalue the contributions of entrepreneurs. As they prepare their agenda for the new Parliament, the incoming government needs to recognise that most Canadians stand firmly behind small businesses and see them as vital to their communities.”
Canadians rate farmers and small business owners as some of the groups they respect the most, ahead of government, unions and large companies. The survey, which was conducted among a representative sample of Canadians who are members of the Angus Reid Forum, also found that:
The top ways small businesses are seen as contributing to their communities include employing locally (84 per cent), increasing their economic vibrancy (66 per cent) and providing great places to shop (56 per cent).
86 per cent of respondents disagreed with the idea that it is easy to start or run a small business
88 per cent of respondents say that small businesses should be subjected to a lower tax rate than larger businesses.
What does the future of small business look like?
During the recent election campaign, CFIB created a Small Business Platform with policy recommendations based on what entrepreneurs said they needed from government in order to succeed.
CFIB was gratified to see many of its recommendations adopted by every party ahead of the election and hopes they can work together to support small businesses by:
Making it easier for small business owners to transfer or sell their business to their children
Finding new ways to reduce the regulatory burden on small businesses, such as working closely with provinces on improving free trade within Canada
Monitoring and addressing the impacts of credit card fees on small merchants
“The government has the opportunity to start fresh with the small business community and show them that they hear their concerns,” added Pohlmann.
“We saw some great ideas come out of every party’s platform so we’re excited to work with all MPs to put in place policies that support small businesses.”