Canadian Franchise Association (CFA) Calls on Federal Government to Provide Relief to Canadian Small Businesses
On August 15, the Canadian Franchise Association (CFA) sent a third letter to the Deputy Prime Minister and Minister of Finance, Chrystia Freeland, calling upon government to extend the repayment deadline on Canada Emergency Business Account (CEBA) loans to December 31, 2025.
Other trade associations have now joined the CFA in our position and are also calling on the federal government to extend the repayment deadline to the end of 2025. The CFA is fighting to ensure our members do not face the additional financial pressures caused by government inaction. Support the CFA as we work to keep the pressure on Minister Freeland to decide now!
Canadian Franchise Association (CFA) Seeks Intervenor Status in Application to Reconsider BC Common Employer Decision
On July 26th, the Canadian Franchise Association (CFA) filed for intervenor status in a BC Labour Relations Board hearing where Sobeys and several of its franchisees are seeking reconsideration of a decision that deemed them to be common employers for the purpose of collective bargaining with the United Food and Commercial Workers (UCFW). If intervenor status is accepted, the CFA will argue to preserve and protect the franchise business model in Canada.
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
Access to Capital: RRSP Withdrawals
Our proposal would allow individuals to withdraw up to $100,000 from their RRSP/RESP accounts to make a down payment on the purchase of a new or existing business, without having to pay tax on the withdrawal.
This proposal would allow individuals who are ready, willing, and able to start a business to unlock some of their retirement savings to purchase a new or existing business.
RELEVANT NEWS
Majority of Canadian businesses still see rising inflation as obstacle
According to Statistics Canada’s latest survey on business conditions, conducted in July and early August, more than half of businesses (56.6%) expected rising inflation to be an obstacle in the next three months.
Canada can dodge a recession, but it could still happen; here’s why
Canada’s real GDP remained relatively unchanged throughout April, May, and June, according to Statistics Canada’s monthly GDP report, indicating a resilient economy. Employment rates also remain strong.
Ex-Bank of Canada Governor Poloz Sees Cracks in Consumer Resilience
Former Bank of Canada Governor Stephen Poloz says inflation is likely to cool faster than people are expecting, opening the door for lower interest rates.
Interest Rates are Up, Inflation’s Cooling. So Why Are Prices Still So High?
While inflation has slowed markedly, things might not feel much better at the cash register. Prices are still going up – on groceries, rents and more – just at a slower pace. Meanwhile, central banks have been careful not to declare victory over sticky inflation, with many promising to act again if rates flare back up.
Opinion: Bank of Canada stuck wondering why interest rate hikes have not been enough to tame inflation
Tuesday’s news of a jump in the consumer price index year-over-year inflation rate, to 3.3 per cent in July from 2.8 per cent in June, may have been an unwelcome surprise for many Canadians, but it was entirely consistent with what the central bank has been warning about for months.
CFA ADVOCACY ACCOMPLISHMENTS
The CFA is dedicated to guaranteeing that policymakers nationwide recognize the significant role played by the franchise business model in Canada’s economy and its impact on the livelihoods of nearly two million Canadians employed in franchising.
Learn more about our recent advocacy accomplishments here:
2023 | 2022 | 2021 | 2020 | 2019
Thank You to Our Advocacy Champions
THE CFA NEEDS YOUR SUPPORT!
Be active, be engaged, and get involved with the CFA’s advocacy work to help protect the franchise business model.
We need your donation to help support the work we’re doing to protect, promote, and advance the franchise industry in Canada. By supporting CFA’s advocacy with a financial donation, you can help augment and strengthen our advocacy initiatives. Learn more about our initiatives here.