The federal small business tax rate has remained frozen at 9% since 2019, and the Small Business Deduction threshold has been unchanged at $500,000 since 2009.
77% of small businesses think Canadians should have the freedom to order Canadian wine, beer, and craft spirits directly from any province or territory without restrictions.
The entrepreneurial drought, a sustained period of four or more quarters where business exits outpace new business entries, has been ongoing since early 2024.
CFIB’s March Business Barometer shows fuel costs are a major constraint for 42% of Alberta small businesses, demonstrating the scale and seriousness of the issue.
Business owners continue to face obstacles such as duplicative testing requirements, inconsistent provincial regulations, and restrictions on moving goods and services across provincial borders.Â
An overwhelming majority (90%) of small businesses say governments should prioritize increasing Canada's energy production and capacity to better support the economy and ensure businesses have reliable access to the energy they need to operate.
According to CFIB’s Monthly Business Barometer, skilled labour shortages remain the second highest constraint on sales and growth for 39% of small businesses.