The Canadian Federation of Independent Business (CFIB), alongside 20 other industry organizations, has called on Minister of Finance Chrystia Freeland to halt the proposed increase to the capital gains inclusion rate and to extend the Canadian Entrepreneurs' Incentive (CEI) to all business sectors.
The CFIB argues that there is no valid public policy reason to deny the benefits of this tax incentive to business sectors like agriculture, restaurants, or medical practices while extending it to retailers and construction firms.