New Survey Confirms The Trudeau Carbon Tax Will Force Small & Medium-Size Companies To Slash Jobs & Cut Wages

Trudeau gave exemptions to big corporations, but smaller and medium size Canadian companies will be slammed with the full tax, and they’re worried they can’t handle the cost.

A new survey shows that small and medium-sized companies are concerned that they won’t be able to pass on the cost of the tax to consumers through price increases, meaning that slashing jobs and wages is all they’ll have left.

According to BNN Bloomberg, a survey of 3,527 members of the Canadian Federation of Independent Business found “About 80 per cent of the respondents said they didn’t think it would be easy for them to forward costs on to their customers. The poll found 55 per cent of those surveyed didn’t expect to pass on any of the additional costs, while 25 per cent said they would only be able to pass on less than 25 per cent of the extra costs.”

The CFIB pointed out the obvious consequence of that:

“These findings should be deeply worrisome to public policy makers. It means small firms will be forced to find the resources to pay the tax from the business itself, which means it may come at the expense of wages, jobs or future business growth.”

This was all predicted long-ago.

The Trudeau Liberals claim their so-called ‘rebate’ will make up the costs, but the reality is that it won’t even come close to making up for the increased cost of living.

And worse, the government obviously hasn’t accounted for the economic damage of price hikes, wage cuts, and lost jobs, because people like Trudeau and McKenna don’t care about real Canadians.

Of course, Trudeau is giving an exemption or lower tax rate to his big elitist corporate friends, but small and medium-sized Canadian businesses don’t get those same benefits. And since small businesses create the most jobs in Canada, the damage of the carbon tax will be immense.

The carbon tax is a looming economic disaster for our country, and it must be stopped.

Spencer Fernando

Photo – YouTube

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Peter Wilson
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Peter Wilson

CO2 is not a pollutant The world is literally a greener place than it was 20 years ago, and data from NASA satellites has revealed a counterintuitive source for much of this new foliage: China and India. A new study shows that the two emerging countries with the world’s biggest populations are leading the increase in greening on land. The effect stems mainly from ambitious tree planting programs in China and intensive agriculture in both countries. The greening phenomenon was first detected using satellite data in the mid-1990s by Ranga Myneni of Boston University and colleagues, but they did not… Read more »

shawn harris
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shawn harris

It was just last year that Trudeau tried to stab the small businesses in the back and Canadians were outraged. Now, since Trudeau and Morneau failed to bankrupt the small businesses in Canada he is back again with his carbon tax to do what he failed to do the first time destroy our national economy. Which seems to be an obsession with Trudeau and his Liberal party. Trudeau is determined to crash and burn our economy by every means he can,the oil industry is barely surviving and is on its knees now after Trudeau decided he wanted to phase out… Read more »

Carlene
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Carlene

I don’t need a report to make me aware that a new tax on anything will be financially beneficial to the country and it citizens. A tax is an expense, on the wrong side of the balance sheet to those who pay it. It is called a liability not an asset to those whose pocket is being purged.

Major Tom
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Economic treason!

Robert Wilson
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Rex Murphy summed it up best in Vancouver, BC latley. Ottawa is so far out of touch with economic reality in Canada. They have imposed a Usless carbon tax on the country in the worst of economic times. He likened it to taking a shot at the head of the corpse which was already layed out from all the economic blows it has endured. aka Fort Mc Murray, Alberta which has been burnt down, flooded and maligned by this fairytale government. I would like to see Rex Murphy as Prime Minister of Canada. He is smart and eloquent and would… Read more »