Mr. Speaker, with the cost of living and record-high inflation, small businesses have been forced to bear the brunt of cost increases, which are hitting them hard after more than two years of challenges.
According to the Canadian Federation of Independent Business, small businesses have incurred, on average, $150,000 in new debt, yet what Christmas gifts are the Liberals giving them for 2023? Tax increases.
Carbon tax increases add costs to their heating bills and anything that is shipped. There is the payroll tax increase and an automatic tax increase on beer, wine, ciders and spirits, affecting beverage production and hospitality industries.
It is no wonder that one in six Canadian small business is considering closing its doors.
A female entrepreneur from my community recently told me that she was making the tough decision to raise her prices, knowing that it would affect her clients, and that she held off as long as she could. Small businesses are among the most affected by inflation and they are making tough decisions every day.
Only the Conservatives will axe the carbon tax on gas, groceries and heating and give our small businesses the breaks they need now.