Photo by Alex Shutin on Unsplash

A survey conducted by the Canadian Federation of Independent Business (CFIB) found that 96% of Canadians understand and recognize the importance of small businesses to their communities. According to the respondents, small businesses make contributions to their communities by providing great places to shop, improving economic vibrancy and generating jobs.

The findings also reveal that one in two Canadians plan to start a business someday and 80% think that the government undervalues the economic contributions of small businesses. Eighty-eight percent also believe that small businesses should have a lower tax rate compared to larger ones. 

CFIB senior vice-president of national affairs Corinne Pohlmann called on the government to support entrepreneurship and put small business on top of their agenda. She is pleased that many of their recommendations to help small businesses were adopted by political parties for the 2019 parliamentary election. Pohlmann added that they are willing to work with MPs in putting in place policies that support small businesses.