Janine Carmichael, CFIB Director of Provincial Affairs, Manitoba
Today marks the elimination of the small business tax rate in our province. Janine Carmichael, Manitoba Director for the Canadian Federation of Independent Business, says she surveyed some business owners on what they plan to do with the extra revenue.
Carmichael says the move allows small businesses to keep more of their profits and reinvest in their companies, their employees and their communities. She says it doesn't mean small business don't pay any taxes at all.
Carmichael says the Manitoba government's decision to eliminate the small business tax is a sign that it values entrepreneurship. Manitoba becomes the first province in Canada to have a zero per cent small business tax rate.