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Federal budget 2026: CFIB available to comment

Canadian Federation of Independent Business (Toronto)
Wednesday at 8:46am AST · November 4, 2026 2 min read

TORONTO, Nov. 4, 2026 /CNW/ — The Canadian Federation of Independent Business (CFIB) will be available for comment prior to, and after, tomorrow’s federal budget. CFIB president Dan Kelly, executive vice-president of advocacy Corinne Pohlmann and vice-president of national affairs Jasmin Guenette will be in Ottawa on November 5 to discuss the federal budget and its implications for Canada’s small businesses.

CFIB logo

CFIB’s top priorities for the 2026 budget include:

  • Small business tax rate: Reduce the federal small business tax rate from 9% to 6%, increase the small business deduction threshold to at least $700,000, and index the threshold to inflation going forward.
  • Thresholds: Raise and index yearly outdated tax thresholds like the GST/HST registration threshold (unchanged since 1991) from $30,000 to at least $60,000 and the CPP basic exemption (unchanged since 1998) from $3,500 to $7,000.
  • Tariffs: Return counter-tariff revenues to businesses directly affected by the U.S.-Canada trade war and provide options for tariff relief for businesses under $1 million in revenue. 
  • Employment Insurance: Lower Employment Insurance (EI) premiums for smaller employers by allowing them to pay the employee amount for total wages under $600,000 (similar to the EI Small Business Job Credit of 2015/2016).
  • Capital gains: Introduce a lower capital gains inclusion rate for small firms of 33% on the next $2 million of gains beyond the Lifetime Capital Gains Exemption (LCGE), and exempt taxes from capital gains incurred following the sale of a business (shares and assets) when the proceeds are reinvested in a Canadian-controlled private corporation within the next three years (rollover policy).

About CFIB

The Canadian Federation of Independent Business (CFIB) is Canada’s largest association of small and medium-sized businesses with 103,000 members across every industry and region. CFIB is dedicated to increasing business owners’ chances of success by driving policy change at all levels of government, providing expert advice and tools, and negotiating exclusive savings. Learn more at cfib.ca.

SOURCE Canadian Federation of Independent Business (Toronto)

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