Advocacy Works – Most of the Time….
by Temple Scott Associates
Yesterday, the Bank of Canada raised its benchmark interest rate by another 25 basis points, bringing it to levels not seen since 2001. The Bank’s key interest rate now stands at 5.0% with back-to-back increases in June and July, following a status quo period for the first six months of 2023.
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
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
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
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
RELEVANT NEWS
Canada’s unemployment rate rose to 5.4% in June, economy adds 60,000 jobs
The Canadian labour market is showing some signs of softening as the unemployment rate rises and wage growth slows, but with another solid job gain last month, forecasters are still expecting a rate hike next week. READ MORE
Canada Sees Federal, Manitoba Leave Changes
Recent changes to the Canada Labour Code and Manitoba’s Employment Standards Code extended periods of bereavement leave for employees covered by each code. READ MORE
Why workers, advocates want governments to boost protections for growing pool of gig workers
Advocates are calling for greater awareness, more protections and enforcement to uphold the rights of the growing number of Canadians who are considered contractors, freelancers and gig workers. READ MORE
Canada to invite 485,000 new immigrants in 2024 to tackle labour shortage
The goal is to welcome 485,000 new immigrants in 2024 and 500,000 new immigrants in 2025, for a total of nearly 1.5 million new immigrants over the following three years. READ MORE
Northwest Territories to increase minimum wage by nearly 5.6 per cent
The territorial government says beginning this year, the minimum wage will be adjusted each September. READ MORE
Thank You to Our Advocacy Champions!
