The Canadian Federation of Independent Business (CFIB) welcomes the announcement by the Commission des normes, de l’équité, de la santé et de la sécurité du travail (CNESST) regarding the $0.08 reduction in the average assessment rate for the Fonds de la santé et de la sécurité du travail (FSST) for the year 2021. The average rate will be set at $1.77 per $100 of payroll. CFIB also highlights the rigorous work of the CNESST in establishing a reduction for employers while ensuring the financial stability of the Fund.
“SMEs are still very fragile due to the repercussions of COVID-19. They are just starting to recover. In this context, next year’s premium reduction will be a breath of fresh air for SME owners. The estimated savings of $130 million for businesses will contribute to the recovery of the Quebec economy,” commented François Vincent, CFIB’s Vice-President for Quebec.
CFIB reiterates that, to revive the economy, SMEs recommend that the government keep taxes at an acceptable level (85%) and make a concerted effort to cut red tape (75%). CFIB also mentions that it is devoting all its energy to ensuring the successful recovery of these businesses.
About CFIB
CFIB (Canadian Federation of Independent Business) is the country’s largest SME association, with 110,000 members in all sectors and regions. It aims to increase SMEs’ chances of success by defending their interests with governments, providing personalized resources and offering exclusive savings. Visit fcei.ca to find out more.
SOURCE Canadian Federation of Independent Business
