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Wednesday, December 1, 2010

Small Businesspeople Less Optimistic In November





There's alot of uncertainty about what the future economic prospects will be, especially if the new provincial government decides to raise some taxes to try to whittle down the deficit which exceeds 800 million dollars.

Despite that, the Canadian Federation of Independent Business is reporting small businesspeople in the province remain generally optimistic although less so in November than they were before.

The C-F-I-B's Andrea Bourgeois tells CHSJ News there might be a reason for that considering the new provincial government is promising to reduce the small business tax by half.

78 per cent of small businesses in the province surveyed say they plan to keep their employment levels steady over the next three to four months. 54 per cent call the overall state of business as good but 64 per cent of the small business owners in the province complain tax and the cost of regulations are causing them grief.