Small business owners in B.C. arenB次元官网网址檛 feeling too confident this spring, suggests a survey from the Canadian Federation of Independent Business.
Their optimism slipped the most of the Western provinces, with it a 3.6-percentage-point drop to 65.9 per cent since February.
CFIB western economist Aaron Aerts said the drop is concerning, but thereB次元官网网址檚 B次元官网网址渘othing to panic aboutB次元官网网址� B次元官网网址� yet.
B次元官网网址淲e consider 65 per cent and up to be relatively healthy,B次元官网网址� Aerts said. B次元官网网址淪o 65.9 per cent is not a bad number.B次元官网网址�
He said the dip in confidence could be tied to , as well as in anticipation of coming in next January.
B次元官网网址淭he payroll tax will be felt in the bottom lineB次元官网网址� by those who are looking at expanding their businesses.B次元官网网址�
He said any concerns are just speculation for now. B次元官网网址淚t will be really telling once the tax is introduced. Fear of a tax is one thing, itB次元官网网址檚 another thing to actually pay it.B次元官网网址�
The payroll health tax, which replaces Medical Service Plan premiums, will hit all businesses with an annual payroll of more than $500,000. Those with payrolls between $500,000-$1.5 million will pay a yet-to-be-determined rate, while those at more than $1.5 million will pay 1.95 per cent.
The tax, which comes into effect next January, means that businesses already paying health premiums for their employees will pay double the amount in 2019 before MSP is phased out in 2020.
Despite gloomy predictions for the future, Aerts said B.C. companies are still hiring in the short-term.
B次元官网网址淲eB次元官网网址檙e seeing healthy hiring intentions,B次元官网网址� he said, noting that 27 per cent of small business owners are look to hire, compared to just nine per cent looking to cut back.
B次元官网网址淚n the short term, I donB次元官网网址檛 think thereB次元官网网址檚 anything to worry about in terms of employment.B次元官网网址�
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