The 2016 Federal budget is brutal to small business owners, according to the Canadian Federation of Independent Business.

Elliot Sims with the CFIB gives this example:

“It breaks the government’s commitment to lower the small business corporate tax rate from 10.5 percent to 9. Entrepreneurs will have $900 million per year less to invest in businesses and to use to create jobs in Manitoba and all other provinces.”

The CFIB is also disappointed that the government is committed to expanding the CPP payroll taxes and are abandoning the Youth Employment Hiring Credit.