Finance committee  Apparently it's even higher. I think we're at the beginning of that cliff we talked about. Now that the supports are gone and debt is high, I suspect we're going to start seeing more and more closures over the course of the next few months.

Finance committee  I couldn't really comment as much on that. On the luxury tax side of the equation, where we heard the most concern from a small business perspective was on the boat and marina side, and the impacts on the boats that were going to be sold. I know that the threshold for buying bo

Finance committee  Yes, we would.

Finance committee  It's a good question. I don't know, but I think we need to sort of give a little bit more time for adjustments to be made.

Finance committee  Thank you. Thanks for the opportunity to be here today. I am joined by my colleague Jasmin Guenette, who will help with answering some of the questions when we get to that point. First of all, CFIB is a non-partisan, not-for-profit organization that represents 95,000 small and

Industry committee  I'll go first. It is a big question in many ways, and a very philosophical question. I think most people would agree that this is the churn, right? Small businesses are created and lost every single day, and every year businesses come and go. The difference right now that we h

Industry committee  It was the municipal government as well, yes—Toronto.

Industry committee  I think you're referring to the increase in the taxable capital limits for the small business tax rate.

Industry committee  Yes. That's something we've been pushing for over many years. It had been sitting at $15 million for probably 20 or 25 years. It needed to go up, so going from $15 million to $50 million was a very good step forward. Some businesses had large taxable capital but revenues still

Industry committee  Canada's been blessed that over the years we have had good growth in small businesses. We've been very fortunate that we've always had more small business created every year than lost. There's always been net growth. What's been happening, though, is that just before the pandemi

Industry committee  Certainly during the pandemic there were, I think, good supports that were very helpful and that I think will continue to hopefully bear fruit as we continue to recover, but we're going to have to wait and see, because now we're at that pivot point, right?

Industry committee  On the digital adoption program, I'm not sure: That is my answer right now. We're certainly trying to promote it and let our members know about it. I think it came a little late in the game. Many of them adopted digital systems earlier on in the pandemic. That's maybe when it w

Industry committee  The digital main street program was sort of a private sector thing. It was supported initially, I believe, by the Government of Ontario, and has since expanded beyond that.

Industry committee  Certainly. Any time any kind of tax is brought forward, it should be debated, discussed and thought through in terms of its policy outcome and the impacts it's going to have on the people it affects.

Industry committee  That's a tough one. The one thing we were able to introduce in Canada, about 10 years ago, was a credit and debit card industry code of conduct, because merchants have always had the perspective that they were price-takers. They had to take whatever it was the credit card compan