One in Three Business Owners Earning Effectively $15/hour or Less Themselves

CALGARY – The Canadian Federation of Independent Business (CFIB) welcomes the opportunity to share serious concerns about the government’s $15 minimum wage policy.  Recent CFIB analysis of Statistics Canada data found almost one in three Canadian business owners are earning effectively $15/hour or less, compared to one in five paid employees.

“CFIB will be first in line to raise concerns on the government’s drastic, job killing minimum wage plan,” said Amber Ruddy, CFIB’s Alberta director.  “Myths continue to persist at the highest levels and we will use these consultations to show the government, and Albertans that small business owners are hard-working members of Canada’s middle class.  There are better ways to help Alberta’s low-income earners without putting employers out of business.”

Alberta’s small business community has voiced its concerns about the proposed $15 minimum wage policy since it was introduced during the election campaign.  Key concerns include:

  1. Significant job losses, as identified by the government’s own advisors
  2. No government economic impact analysis on a $15 minimum wage
  3. Alberta’s fragile economy being unable to handle a$15 minimum wage, as noted by the Premier herself

“I hope this one-month consultation is sufficient for the government to find more effective ways to help low-income earners without adding undue pressure on the drivers of what is clearly a fragile economy,” added Ruddy.

CFIB is Canada’s largest association of small- and medium-sized businesses with 109,000 members across every sector and region.