A survey showing small business owners are very worried about Ontario’s plan to harmonize its provincial sales tax with the GST is a sign those entrepreneurs need to learn more about the tax changes, Revenue Minister John Wilkinson said Thursday.
Many large companies and the Ontario Chamber of Commerce have publicly supported the plan to switch to a single, 13 per cent sales tax, which they say will lower their costs and prices for consumers.
However, the Canadian Federation of Independent Business (CFIB) said Thursday that 75 per cent of the 3,000 members it surveyed are concerned that charging consumers a 13 per cent sales tax could harm their business.
“Governments have clearly dropped the ball in their handling of this critical tax reform initiative,” said CFIB’s Ontario director Satinder Chera.
Wilkinson said the CFIB survey shows people don’t understand that the Liberal government’s tax reform package includes cuts to small business taxes and income tax reductions.