Small business will get some relief in the form of a 2 percent tax break if the NDP form the next federal government, that was announced today at a long standing local business downtown.
Joe’s Sports is the type of small business NDP candidate Skip Morrison is talking about. Dave Edgar who now owns the store tells SaultOnline.com that the high cost of running a business in regards to electrical costs and high taxes makes it hard to reinvest to grow.
“The Conservative plan for Sault Ste. Marie has failed,” said Morrison. “Over four thousand people are trying to find work, and can’t. Across Northeastern Ontario, we have lost ten thousand jobs over the last year. This has become a crisis – we must find a way to create good jobs here in the Sault.”
Morrison presented the New Democrat plan to create new jobs by rewarding job creators.
“We know that 80% of new jobs in Canada are created by Canada’s small- and medium-sized businesses. That’s why we’re proposing to drop their tax rate from the current 11% down to 9%, we want to give a tax break and start taking care of the job creators in our country.”
Joe’s Sports opened its doors in 1956. Since then it has been Sault Ste. Marie’s main source of hunting and fishing supplies. Owner -operator Dave Edgar says he would like to increase the size of his staff.
“Small businesses invest in the community,” says Edgar. “What we need is a government that’s willing to help us build our local economy and put people back to work.”
Earlier this year, Bryan Hayes voted against an NDP motion to lower the small business tax rate.
Morrison says investing in infrastructure , such as rail can help attract industry to the area. “it was the NDP who championed the refurbishment and improvements to the Huron Central line and we’re supporters of the deep water port. we have to create that infrastructure” Morrison said.