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Empowering Agri-Business: Fiscal Responsibility & Taxation

Learn about CFIB and its members' top priorities including fiscal responsibility, taxation, red tape, and workers' compensation. Explore important issues impacting agriculture businesses and how to navigate them effectively.

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Empowering Agri-Business: Fiscal Responsibility & Taxation

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  1. Agenda • About CFIB & our members • Top priorities • Fiscal Responsibility • Taxation • Red Tape • Issues to watch • Workers’ Compensation • Commission on future of agriculture

  2. Empowering Agri-Business Meeting with Hon. Neil LeClair June 19, 2008

  3. About CFIB • Result of a tax protest 36 years ago • 106,000 members nationally; 1,100 in PEI • 6,500 agri-business members • Policy stance decided by members; one-member, one-vote • 100% member funded

  4. The Power of Entrepreneurs: About more than business • SMEs employ 2/3 of working Islanders • SMEs create 60% of new jobs in PEI • SMEs responsible for 45% of PEI’s GDP • Source: Statistics Canada Economic Contributions: • SMEs contribute time and money to amateur sports, arts and culture, youth activities • Many roles: volunteers, trainers, parents, activities, leaders • Sources: CFIB Building Better Communities Survey, 2005 Social Contributions:

  5. Business Barometer, March 08

  6. Farmers and Small Business Owners the Most Respected: Independent Poll (Scale of 0 to 10, where 10 is greatest level of respect) Source: CFIB’s Small Business, Big Value report, October 2007

  7. CFIB agriculture research projects • NEW! Coming soon… Growing Forward – Agri-Business views of AgriInvest and AgriStability • Cultivating a Fertile Foundation: Agri-business agenda for the Next Generation of Agriculture and Agri-Food Policy • CFIA Report Card: A small business assessment of the Canadian Food Inspection Agency • The Case Against CAIS: CFIB agri-business members’ views of the CAIS Program • Agri-Business – A Partner Committed to Farm Safety • CWB: An agri-business perspective on the future of the Canadian Wheat Board

  8. Immigrationand Small Business: Ideas to better respond to Canada’s skills and labour shortage Help Wanted: Long term vacancies grow for Canada’s entrepreneurs Succession Planning: Investing in Your Future, Building a Succession Plan Red Tape: Rated “R” - Prosperity Restricted by Red Tape Environment: Achieving Eco-Prosperity – SMEs’ perspectives on the environment Banking Matters: Survey results of small business owners on banking issues Coming soon… Reports on Tax Competitiveness CFIB research projects

  9. Empowering Entrepreneurs:Top Priorities • Balanced budget • Spending restraint • Balanced budget legislation • Tax reductions • Personal income taxes (BPE, Indexation) • Small Business corporate rate • Red tape • Measurement • Commitment to reduce

  10. Empowering Agri-business:Concerns of agriculture members Source: CFIB Our Farm Members’ Opinions Survey No.14, PEI, December 2007

  11. Empowering Agri-Business:Tax Reduction Priorities Source: CFIB Our Farm Members’ Opinions Survey No.14, PEI, December 2007

  12. Empowering Agri-business: Red Tape • Cost of complying with regulations in PEI totals $102.3 million each year • Compliance costs are highest for the smallest businesses • Regulations cost a typical Island firm (fewer than 4 employees) $5,360 annually

  13. Empowering Agri-business: Red Tape • 68% are calling on government to publicly report regulatory burden on businesses set targets for red tape reductions • 67% support legislation that would restrict the introduction of new rules & regulations

  14. Empowering Agri-business: Government Paperwork- TIME Source: CFIB, PEI Provincial Survey, 2006

  15. Empowering Agri-business: Government fees, permits, licenses Source: CFIB, PEI Provincial Survey, 2006

  16. Empowering Agri-business: Provincial Government Accountability Source: CFIB, PEI Provincial Survey, 2006

  17. Empowering Agri-business:Reducing Red Tape • Government commitment in Budget 2008 • Keys to successful reform: • Measurement • Public Reporting • Targets for reductions • Improve communication & customer service

  18. Empowering Agri-business:Workers’ Compensation • Concern over recommendations from WCB review • Mandatory inclusion of farming operations • Removal of three-day waiting period

  19. Empowering Agri-business: Environmental Laws/Regulation Concerns • Environmental Laws and Regulations Cited as High Priority Issues Source: CFIB, Our Farm Members’ Opinions Survey No. 13 – December 2006 Note: NL data not provided as sample size too small

  20. Empowering Agri-business: Environmental Regulations Firms subject to environmental regulations (by sector) Source: CFIB Point of View-Energy and Environment, March 2007

  21. Empowering Agri-business: Environmental Stewardship Energy conservation measures (by sector) Source: CFIB Point of View-Energy and Environment, March 2007

  22. Empowering Agri-business:Fair compensation • Should government compensate farmers for the role they play in protecting water, soil quality, and wildlife habitat? • Benefits society not just agriculture Source: CFIB Our Farm Members’ Opinions Survey No.13, PEI, December 2006

  23. Empowering Agri-business:Priorities for Growing Forward • Reduce the regulatory burden • Reduce the total tax burden • Implement effective safety net programs • Introduce succession- friendly policies CFIB meets with Minister Ritz

  24. Empowering Agri-business:Future of Agriculture • Priorities for commission? • Opportunities for CFIB involvement?

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