Wednesday, December 1, 2010

Promised Tax Break Helping Fuel Optimism

There's a lot of uncertainty about what the future economic prospects will be especially if the new provincial government decides to raise some taxes to try to whittle down the deficit which exceeds 800 million dollars.
Despite that, the Canadian Federation of Independent Business is reporting small businesspeople in the province remain generally optimistic.
The C-F-I-B's Andrea Bourgeois says the government's promise to reduce the small business tax rate from five percent to 2.5-percent over the next couple of years is probably helping to drive the optimism.
Sixty-four per cent of the small business owners in the province complain tax and the cost of regulations are causing them grief.