Canadian SMEs want new multi-year tax plan

"Canada's small business community strongly supports the implementation of a new multi-year tax relief strategy, and favours reducing personal income taxes in order to stimulate economic growth" states a release on the Canadian Federation of Independent Business (CFIB) web site.

In a report released by the CFIB based on a survey of small businesses three-quarters of business owners want to see a new multi-year tax cut plan implemented by the federal government as a means to lower the tax burden and increase certainty in business planning.

With respect to how the federal surplus should be spent, small business survey respondents opted for spending 82 cents of every surplus dollar to either debt reduction (49 cents) or tax relief (33 cents) and only 18 cents to new program spending.

More information about this report is available on the CFIB web site at: http://www.cfib.ca/mcentre/mwire/releases/nat012605_e.asp.