Regina – The Canadian Federation of Independent Business
says the March 2007 provincial budget fails to “build on Saskatchewan’s
momentum.” CFIB’s top tax cut priorities included reductions to
Saskatchewan’s personal income tax, and the need for long-term property
tax relief.
“One of the biggest challenges facing small businesses across Saskatchewan is the shortage of qualified labour, with 46 per cent of firms reporting they have ignored new business opportunities due to these shortages,” noted Marilyn Braun-Pollon, CFIB’s director of provincial affairs for Saskatchewan.
While CFIB welcomes the continuation of the eight per cent tax credit for commercial property, Saskatchewan business owners were looking for a long-term plan to finance a greater portion of education through general revenues rather than through the current property tax system.
CFIB also questioned the sustainability of spending. Government spending increased nine per cent, which is six times higher than the rate of inflation. As well, the government plans to add 214 new government positions.
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