Small business group tells Ottawa to take big swing at boosting jobs

In its submission, the CFIB recommends that Ottawa responds to these challenges by cutting the small business tax rate to 6 per cent from 9 per cent, increasing the small business income tax threshold to $700,000 from $500,000 and the passive income threshold to $60,000 from $50,000 and expanding the capital cost allowance (CCA) so that the tax deductions apply to more types of capital investments.