The Canadian Federation of Independent Business is asking the federal government to compensate small businesses for the costs to implement the two-month long GST holiday.
The Canadian PressPM Trudeau announced the feds will send $250 cheques to some Canadians and a GST break. Strategist Brent Joyce explains what this could mean for the economy.
The organization wants the Department of Finance to give affected small firms a credit of at least $1,000 in their GST/HST accounts to cover the costs to reprogram point-of-sale systems to remove and then reinstate the tax. Kelly says an online survey conducted by the CFIB found a majority of small firms opposed the planned tax holiday.
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