Liberals make it easier for Northerners to start and grow a business
(KENORA) September 20, 2019 — Bob Nault, Liberal candidate for the Kenora Riding, today spoke on how the Liberal government has made and will continue to make small and medium size businesses more competitive as entrepreneurs start and grow their businesses.
“Right now, the fact is that seven out of every ten Canadians work for small and medium-sized businesses — making them Canada’s largest employers and drivers of our economy. Right here in the Kenora Riding, small businesses are creating more and more jobs which leads to stronger and better communities. Yet, for many entrepreneurs, the costs of doing business can be a barrier.
“Canada’s economy is growing. Canada’s unemployment rate is at historic lows and Canada has led the G7 in economic growth. Add to that, over 1 million new jobs have been created since the Liberal Government took office in 2015.
“To keep that momentum moving forward, we cut the small business tax rate and now we’re making it possible for Northerners throughout the Kenora Riding, with a good idea and a passion to start their own business.
“It’s clear that the wealthiest one percent of Canadians don’t need a tax break. It won’t help the average Canadian get ahead; the fact is that it will only help the wealthiest one percent,” concluded Nault. “We have a plan to keep moving forward which gives small and medium size business an even better chance to succeed.”
Since 2015, the Liberal government has supported small- and medium-sized businesses in Canada by:
● cutting the small business tax rate to nine per cent — the lowest rate in the G7 — which saves businesses as much as $7,500 per year;
● allowing businesses to write-off job creating investments;
● making regulations smarter and eliminating unnecessary and outdated regulations; and
● opening up new markets for businesses by introducing the Export Diversification Strategy.
In addition to cutting the small business tax rate from 11 per cent to 9 per cent, a re-elected Liberal government will continue to remove barriers that impede growth by cutting fees, reducing red tape, and creating investment funds for new business owners to find support.
We will also:
● provide up to 2,000 entrepreneurs a year with as much as $50,000 to launch a new business;
● give $250 to every new business looking to expand their online services;
● eliminate all fees from the Business Development Bank of Canada (BDC), Export Development Canada
(EDC), and Farm Credit Canada, for business advisory services like mentorship and training;
● cut the cost of federal incorporation by 75 per cent; and
● eliminate the “swipe fee” on HST and GST for credit transactions — which will save businesses nearly $500 million a year in fees, according to the Canadian Federation of Independent Business.
To arrange an interview with Bob Nault, contact:
Office: (807) 467-8465
Cell: (403) 993-0512