Family Day To Cost
Average Small Business $1135.00
The Canadian Federation of Independent Business (CFIB) reminds the BC
Government that it still has work to do to mitigate Family Day-related costs for
independent business owners.
“Today’s
announcement about which date Family Day will fall on gives small and
medium-sized business owners in BC some certainty and allows them to plan
ahead,” says Shachi Kurl, British Columbia Director of Provincial Affairs.
“However, they are no further ahead in terms of the cost pressure they will face
as a result of an added statutory holiday in this province.”
CFIB estimates
Family Day will cost an average small business in BC paying an average wage to
employees an extra $1135 for labour and other expenses.
This is in
addition to an estimated $3,051 small business owners must pay to transition to
PST next year, as well as three minimum wage increases in the last 18 months,
and the extra $1,250 all business owners are paying in corporate taxes as a
result of government’s failure to eliminate the Small Business Corporate Tax
Rate on April 1, 2012, as promised.
“Independent
businesses acknowledge that Family Day has the potential to increase employee
morale, and that for some limited sectors, such as hospitality and tourism,
there are opportunities for growth,” says Kurl. “However, the majority of our
members are telling us they need mitigation to help them with the financial
burden this holiday places squarely on their shoulders.”
In response, CFIB
has approached the provincial government with a number of creative,
cost-effective measures to do this, including a proposed BC Training Bonus
program aimed at enhancing skills training and employee retention during times
of labour shortages. The bonus would be paid directly to employees, not
employers.
“As Family Day
legislation is debated and enacted, CFIB is calling on all legislators to
recognize these issues and take action.”
The Canadian
Federation of Independent Business (CFIB) is a non-profit, non-partisan business
association that seeks to give independent business a greater voice in
determining the laws that govern business and the country. With 109,000 members
across Canada, including 10,000 in British Columbia, it is the largest
organization exclusively representing the interests of small and medium-sized
independent businesses to all levels of government.
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