Small business groups are seeking pump bailouts amid high fuel costs

Canada’s SME group is calling on the federal and state governments to temporarily abolish or reduce fuel taxes.

The Canadian Independent Business Federation states that record gas prices, supply chain roars, and labor shortages have leveled off the cost of doing business.

Rising transportation and fuel costs have raised prices by 92% of SMEs over the past 12 months.

Business groups say the government should make doing business in Canada more affordable by suspending planned increases to carbon taxes as well.

It also wants to raise the SME deduction threshold from $ 500,000 to $ 600,000 and index the inflation threshold each year, as it is today in Saskatchewan.

This request is made when the Prime Minister of Canada meets at the 2022 Federal Council in Victoria.

Corinne Pohlmann, Senior Vice President of National Affairs at CFIB, said in a statement, “All cents are important, especially because small businesses have overcome soaring input costs and labor and product shortages.” increase.

“Three states, Ontario, Alberta, and Newfoundland and Labrador, have provided temporary relief with pumps. Now the federal and other state governments need to follow their leadership.”

She added that more than half of Canada’s SMEs have not yet returned to normal income levels, and that the Prime Minister should prioritize the recovery of SMEs.

As of May, 460,060 Canadian companies received Canadian emergency wage subsidies, totaling more than $ 100 billion.

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