HomeMy WebLinkAboutThe Wingham Advance-Times, 1984-04-25, Page 239R
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Open Wed., Thurs.
and Fri. evenings
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Open Wed., Thurs.
and Fri. evenings
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s
'Mainstream
Cense
By W. RoMfx WoO
A breath of
fresh air
across the
land
Somehow, many Cana-
dians discount small busi-
ness. They tend to think of •
the little companies and in-
dividuals that produce, buy,
sell, import, export and mar-
ket products as being small
timers.
Nothing could be farther
from the truth.
A few well chosen thoughts
may help dispel such drivel:
The major department
store chains have been lay-
ing off employees, down-
grading service and cutting
costs as they attempt to
maintain profit levels or
limit losses. The reason?
Smaller firms with topnotch
service have been openly
competing with the conglom-
erates on price, quality and
service.
The nation's big manufac-
turers have for years been
paring staff and eliminating
Canadian employment, par-
ticularly during the reces-
sion. Yet big companies such
as Chrysler, Massey -Fer-
guson,
y assay
guson, Maislin Transport
and a great many other con-
glomerates easily accepted,
government subsidies and
support to offset huge losses.
Indeed, many of the com-
panies actually fought for
the taxpayer dollars.
Meanwhile, smaller firms
that were forced into bank-
ruptcy or receivership got
little support from govern-
ments.
Suddenly, though, over the
last year or so the bureau-
crats and politicians who had
little time for small business
have been forced to change
their ways. The reason: a
study by the 64,006 -member
Canadian Federation of In-
dependent Business indicat-
ed that all the country's net
new jobs were being created
by smaller firms. The in-
formation vas. backed.by re-
spe ,ted : econ'onnists and
other business organiza-
tions.
The effect of the new.infor-
mat'ion? Politicians asked
bureaucrats whether it was
true, and the mandarins
were forced to concur. So,
gradually,. the politicians
started to ask for policies
that would let them spend
money on the small business
job creators, rather than
bailing out their big business •
counterparts.
Among the sudden policy
shifts:
In its latest budget, New-
foundland lowered the pro-
vincial corporate tax on'
smaller firms to 10 per cent
from 12 per cent.
British Columbia has set
up a task force to investigate
the detrimental effects of
payroll and" 'other taxes on
small companies.
Saskatchewan increased
the corporate tax on large
companies, while maintain-
ing a lesser level of taxation
for smaller firms. In addi-
tion, the provincial govern-
ment announced plans to
provide a variety of other
programs that will help the
province's small firms.
In Ontario, the govern-
ment continues its corporate
tax holiday for smaller
firms.
In Nova Scotia, a sectorial
study outlines the problems
faced by smaller firms, and
assistance will hopefully be
forthcoming. •
In Alberta there are no
major tax increases for the
sector.
The federal government
also seems to have gone out
of its way to be more even-
handed with the million or
more firms that are in-
volved.
What's more important
than anything, perhaps, is
the fact that more govern-
ments now seem to recognize
that our smaller companies
are not only important, but
the key to a more pros-
perous, full -employment
future.