Parsing Nova Scotia’s Partial Budget

Finance Minister Diana Whalen delivered a budget which she says will set a path for economic growth. Perhaps, but there’s still a lot of work to do, especially getting public spending under control and providing much needed clarity on taxes. While small businesses are pleased to see some financial restraint, CFIB remains very concerned about the level of spending in the public service in Nova Scotia. Public sector wage and benefits are outpacing economic growth leaving a deficit and debt burden which is clearly unsustainable. Had previous the government not committed to these generous settlements, the Finance department indicated Nova Scotia would be reporting a $200 million surplus this year. Over 81 percent of small business owners when asked what the Nova Scotia government should do to balance its budget said reduce the size of government and 61 per cent said reduce spending. With significant labour negotiation ahead, CFIB is recommending the government hold the line on public sector wage and benefit settlements.

Premier McNeil, please don’t raise taxes on small business.

John Bulloch founded the Canadian Federation of Independent Business as a result of the Canadian government's White Paper on Taxation in 1969. The issue of the day was the federal government's consideration of raising the small business tax to generate revenue. Thousands upon thousands of small business owners fought back. It was CFIB’s founding victory. …

Want to help entrepreneurs? Make Nova Scotia a leader in regulation again, and make it the law.

Regulation is necessary. Some regulation is quite positive, supporting efficiency, business and consumer protection and ensuring the health and security of citizens. Business owners understand this and have no objection to needed rules being administered fairly. Unfortunately, small and medium size businesses are feeling the brutal impact of unnecessary regulation and red tape and it's …

Rethinking the “bank of Nova Scotia”…a step in the right direction.

 As witnessed on Thursday by the Finance Minister Diana Whalen’s fiscal update, the government’s financial picture is troubling. The deficit is at $680 million for 2013-14, the net debt sits at an all-time high nudging 15 billion, total revenue down $340 million from last year and department spending has grown by $70 million. A declining, aging …