ADVOCACY UPDATE | June 29, 2023

The Toronto Mayor’s Race

by Temple Scott Associates

On Monday June 26th, the citizens of Toronto voted in the largest byelection in Canadian history, electing Olivia Chow as the new Mayor of Toronto. Ms. Chow will assume office on July 12, 2023. The byelection was held to replace John Tory who stepped down in March.

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.


That’s a wrap on #CFAGolf23!

The CFA’s annual Golf Day on June 27th was a success! Thank you to all of our sponsors, our Golf Day committee, and all who came out to play and support the CFA’s Advocacy work, rain or shine, making this a tournament for the books. 

THANK YOU TO OUR ADVOCACY DONORS


CFA’S 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:

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CFA’S ADVOCACY PRIORITIES FOR 2022-2023

Access to Capital: Allow RRSP Withdrawals for New Business

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.