Small businesses in Canada could receive a $3 billion boost if five underfunded workers’ compensation boards (WCBs) across the country rebated their excess funds, according to the latest research snapshot by the Canadian Federation of Independent Business (CFIB). “Workers’ compensation boards are holding onto billions in extra money, while over half of small businesses (60…
Workers’ Compensation Boards Could Give Small Businesses $3 Billion Boost by Rebating Excess Funds: CFIB
Nearly One-in-Five Canadian Small Businesses on the Verge of Bankruptcy: CFIB Survey
Nearly one-in-five small business owners are preparing to permanently close under the pressure of pandemic-related debts, lagging revenue, and mounting costs, according to a poll from the Canadian Federation of Independent Business (CFIB). In a recent survey of its members, the CFIB found that 54 percent of small businesses are still reporting below-normal revenues and 62…
Canada’s Red-Hot Job Market Masks Plight of Small Business
News Analysis Canada’s unemployment rate of 4.9 percent in July is a historic low, with over a million job vacancies, but underlying the headline statistics, small business has been struggling in the pandemic recovery as job growth migrates to government and larger firms. Public sector employment is up 10.8 percent in the three years from…
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