By Tyler Sutherland
Manitoba has fallen in a list that ranks Canadian provinces for small business-friendly tax systems.
The report (PDF) released by the Canadian Federation of Independent Business (CFIB) shows Manitoba has dropped one position to sixth, ranking behind Alberta, Saskatchewan and New Brunswick in the top three.
The report examines how the provinces stack up against one another by examining 53 indicators in five major areas of tax policy: premiums and payroll taxes, sales and excise taxes, corporate income taxes, personal income taxes, and property taxes.
“As we celebrate small business month, Manitoba small business owners continue to face uncompetitive personal income taxes and are still reeling from a PST hike. To add insult to injury, many finance ministers, including Manitoba’s, are pushing for a hike to the grand-daddy of payroll taxes — CPP/QPP premiums,” said Marilyn Braun-Pollon, CFIB’s vice-president, Prairie and Agri-business.
See the complete rankings below: