Let’s start with the Conservative Party. They have generally been considered as one of, if not the most, business-friendly political parties in Canada. Over the summer, Stephen Harper announced that the Conservative Party's plan is to save the money and time of small business owners. One of his methods for doing this is lowering the taxes for job-creating businesses. The Conservative Party is all about tax-credit cuts, which are business friendly. Let’s take a minute to discuss foreign workers. The Conservative Party has revised the foreign workers program to make it a “last resort”, as they take jobs away from the Canadian population. However, in many cases it seems that foreign workers simply take the jobs that Canadians are unwilling to fill. For example in my hometown of Fort Saskatchewan various fast food restaurants, such as Tim Hortons and A&W have had to close early due to shortage of workers. At various horse racing tracks across Canada, such as the local Northlands Park, there is a shortage of grooms to take care of the horses. Woodbine Race Track is the biggest in Canada and one of the biggest in North America is hit very hard from the lack of foreign workers. Many horse trainers have decided to stay in the United States because they are able to get their Mexican and Jamaican grooms there. In today’s economy there seems to be many fast food restaurants, hotels and similar establishments that are advertising for jobs or are closing early due to lack of staff. This need for employees is something that the Conservative Party seems to ignore.
Liberals are business friendly, but not as much so as the Conservatives. Justin Trudeau has stated that small business tax rates should be lowered, but cautioned against lowering them too far. The Liberals plan to fix the temporary foreign worker program by making sure efforts are being made to fill open positions with Canadians first and then bringing in temporary foreign workers. When it comes to the oil and gas industry, Trudeau and the Liberals are pro-oil, but they stress that from an environmental perspective, the practices should be cleaned up.
The New Democratic Party are not as small business friendly as the Conservatives or the Liberals. Thomas Mulcair, like Harper, plans to lower the small business tax from 11% to 9% within two years.
When it comes to oil, they too believe that it is an industry which needs to clean up its environmental practices. The NDP wants to create a path for foreign workers to become citizens. This can be seen as a way of increasing our workforce.
Now, you may be wondering how these government policies on business affect us as students. They may not affect us now, however as we evolve from the student life, we’ll be entering the workforce where these decisions have a direct impact on our lives.
The CMC is having a bake sale on Friday October 30. Our annual networking conference will be Saturday February 6 at the Derrick. This is a great opportunity to network with business professionals within your emphasis. Lastly, keep checking your email for a survey asking what you want for apparel. To get updates on what the CMC is doing keep checking our facebook, twitter, linkedin or our web page. If you want to get involved or have any questions, email us at email@example.com.