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HALIFAX:<\/strong> Eight in ten of Nova Scotia\u2019s small businesses (83%) are saying the cost of doing business is their top concern, followed by taxes (70%) and labour shortages (51%) according to recent data from the Canadian Federation of Independent Business (CFIB).<\/p>\n\n\n\n \u201cCost pressures, taxes, and labour shortages are making it harder and harder for small businesses to keep up and chip away at the debt they accumulated over the pandemic,\u201d said Duncan Robertson, Policy Analyst at CFIB. <\/p>\n\n\n\n \u201cThe provincial government needs to demonstrate it\u2019s listening by not adding new costs and providing targeted relief and supports.\u201d<\/p>\n\n\n\n ADVERTISEMENT:<\/strong><\/p>\n\n\n\n [adrotate group=”6″]<\/p>\n\n\n\n [adrotate banner=”31″]<\/p>\n\n\n\n CFIB recommends that government increase the small business tax threshold and lower the small business tax rate itself, similar to the approach taken by the Government of Prince Edward Island which lowered their rate to 1%. <\/p>\n\n\n\n If the Nova Scotia Government provided tax relief this fall, seven in ten small businesses would use those savings to pay down debt.<\/p>\n\n\n\n Close to six in ten would increase employee compensation via wages or benefits. <\/p>\n\n\n\n ADVERTISEMENT:<\/strong><\/p>\n\n\n\n [adrotate banner=”71″]<\/p>\n\n\n\n Small businesses in the province also expressed support for extending programs aimed at incentivising older workers to remain in the workplace longer (72%), enhanced skills development in specific trades and occupational fields in high school (90%), increased accessibility of housing (83%), increased accessibility of childcare services (82%) and ensuring government programs and benefits do not disincentivize people from working (91%).<\/p>\n\n\n\n \u201cAt a minimum, Nova Scotia\u2019s small businesses are looking to all political parties to take a \u2018do no harm\u2019 approach this legislative session,\u201d concluded Louis-Philippe Gauthier, CFIB\u2019s vice-president in Atlantic Canada.<\/p>\n\n\n\n [adrotate banner=”25″]<\/p>\n\n\n\n [adrotate banner=”34″]<\/p>\n\n\n\n [adrotate banner=”148″]<\/p>\n","protected":false},"excerpt":{"rendered":" [adrotate banner=”126″] [adrotate banner=”169″] HALIFAX: Eight in ten of Nova Scotia\u2019s small businesses (83%) are saying the cost of doing business is their top concern, followed by taxes (70%) and labour shortages (51%) according to recent data from the Canadian Federation of Independent Business (CFIB). \u201cCost pressures, taxes, and labour shortages are making it harder […]<\/p>\n","protected":false},"author":2,"featured_media":39476,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[167,957],"tags":[5588,5589,2,48,5590,721],"class_list":["post-39468","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-news","tag-cfib","tag-duncan-robertson","tag-fall-river","tag-n-s","tag-policy-analyst","tag-small-business"],"_links":{"self":[{"href":"https:\/\/staging-z.thelaker.ca\/index.php?rest_route=\/wp\/v2\/posts\/39468","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staging-z.thelaker.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging-z.thelaker.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging-z.thelaker.ca\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/staging-z.thelaker.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=39468"}],"version-history":[{"count":0,"href":"https:\/\/staging-z.thelaker.ca\/index.php?rest_route=\/wp\/v2\/posts\/39468\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/staging-z.thelaker.ca\/index.php?rest_route=\/wp\/v2\/media\/39476"}],"wp:attachment":[{"href":"https:\/\/staging-z.thelaker.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging-z.thelaker.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging-z.thelaker.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}