LETHBRIDGE: The Federal Minister of National Revenue made a stop in Lethbridge Thursday to promote how the government is supporting Canadian small businesses.
Kerry-Lynne Findlay noted that while the Small Businesses Hiring Tax Credit is not a new program, they have extended and expanded it, something she feels will make help a great deal, "What used to be, up until this year, that if you had remittances on the premiums of up to $10,000 you could qualify, that's now been increased to up to $15,000. So we think that means probably about 35,000 new small businesses will be eligable that weren't previously."
Findlay continued by saying that they realize not every small business will take advantage of the program, but added that those who do are not restricted to using it to bring in only one new employee, and that it should create a number of new jobs across the country.
Findlay called small businesses the back-bone of the economy, saying that roughly 97-per cent of businesses in Alberta qualify as small businesses.