December 14, 2022
Have you renewed your CFA membership?Renew your membership now to ensure no service disruption and to be able to keep enjoying all the benefits of being a CFA Member! |
 Employment Insurance Sickness Benefits Extended to 26 Weeks by Sherrard Kuzz LLP Effective December 18, 2022, anyone who qualifies for a new Employment Insurance (“EI”) sickness benefit claim will be entitled to up to 26 weeks of benefits. At present, the current maximum period is 15 weeks. Employers may wish to reach out to their insurer to determine whether the extension of the EI sickness benefit claim period will impact their current STD and LTD programs. Click here to read the full notice from Sherrard Kuzz. |
 Changes to the Canada Small Business Financing Program and Impacts on Lending Moving Forward by Cassels Brock & Blackwell LLP Recent amendments to the Canada Small Business Financing Regulations and Canada Small Business Financing Act resulted in important changes to the Canada Small Business Financing Program. The article looks at some of the most important amendments, including additional financing products, a new class of loans, and increased loan amounts and terms. Click here to read the full article from Cassels. |
CFA’S ADVOCACY PRIORITIES FOR 2022-2023
- Educating Public Officials About Franchising
- Access to Labour for Franchisors and Franchisees
- Access to Capital
- Common Employer: Adopt the 4 Factor Test
- Ensuring a Fair Playing Field for Franchised Business under Environmental Legislation
Educating Public Officials About Franchising
There is a mistaken perception that franchised businesses are not local businesses. Franchising is the most ubiquitous form of local business in Canada, and without ongoing support it will be completely devastated.
We’re working with all levels of government to protect franchising and ensure the best possible outcome for all stakeholders. READ MORE.
RELEVANT NEWS
Ontario Helping Small and Medium-Sized Businesses Lower Electricity Costs
The Ontario government is launching a new pilot program to explore dynamic electricity pricing and its ability to lower electricity bills for small and medium-sized businesses including retail stores, commercial offices and farms.
Business group urges Ottawa to delay hikes to EI and CPP rates but economists say it’s necessary
Canadian workers could see up to $305 less in take-home pay next year due to the increase in payroll deductions set to kick in on Jan. 1. The Canadian Pension Plan (CPP) employee and employer contribution rates for 2023 will be 5.95 per cent up from 5.70 per cent in 2022.
WSIB to raise benefits, maintain employers’ premiums: Labour minister
The WSIB will announce on Thursday a suite of new services to modernize its interactions with businesses and workers. “My goal is to ensure that we have a WSIB system that takes care of workers and keeps costs down for businesses,” McNaughton told The Toronto Sun Wednesday.
Tiff Macklem says Bank of Canada remains concerned about inflation even as rate cycle nears end
After raising interest rates seven consecutive times, the bank has moved from asking how big the next rate hike should be to asking whether to raise interest rates at all. That could mean a pause to rate increases as early as January.
Reflections on 2022
Governor Tiff Macklem discusses the important lessons from events in 2022 and what the Bank is doing to restore price stability for Canadians.
Transitional Support Program for Smaller Employers Expanded, New Application Deadline
This support program offers $0.50 per hour for all hours worked at the minimum wage rate, from October 1, 2022 to September 30, 2023.
Phase 1 of Canada’s single-use plastics ban comes into effect this month
The move is part of an effort by the federal government to achieve zero plastic waste by 2030, citing the impact that plastics have had on the environment through pollution and greenhouse gas emissions.
Click here to see what products are on the list.
RELEVANT NEWS
Accelerating the green transition: a unique Canadian plan to help Quebec SMEs | December 15, 2022
All Ontarians Aged 5+ Eligible for Bivalent Booster | December 15, 2022
Government of Canada welcomes budget submissions from Canadians | December 14, 2022
Ontario Providing Free Naloxone Kits in Workplaces | December 14, 2022
Promote your job opportunities with the CFA
To take advantage of this new opportunity, please submit your job postings (including a job description and directions for how to apply) to Andrew Schopp at aschopp@cfa.ca. For any inquiries, please contact Jessi-Lyna Wan at jwan@cfa.ca.
Please note the introductory offer ends October 31st, 2022. Any job posting submitted on November 1, 2022, and onwards will be subject to charges.
