CFIB And Why You Should Join With Ryan Mallough | E017

In this episode of Financial Planning for Canadian Business Owners, Jason Pereira, award-winning financial planner, university lecturer, writer, talks with Ryan Mallough, Director of Provincial Affairs for Ontario at the Canadian Federation of Independent Business. CFIB is the largest advocacy group for small business owners in Canada. Ryan Mallough talks about what CFIB does and why small business owners should consider becoming members. 

Episode Highlights: 

● 01:13 – Ryan Mallough explains what CFIB does. 

● 04:33 – What have been some of CFIB’s big wins in the past? 

● 11:09 – Aside from COVID-19, what are some of CFIB’s other big advocacy issues currently? 

● 13:21 – They talk about how construction can infringe on businesses. 

● 17:30 – How have they lobbied for businesses affected by COVID-19? 

● 21:28 – What has been the feedback on commercial real estate subsidies? 

● 26:44 – What else does CFIB offer it’s members? 

● 29:16 – What does it cost to join CFIB? 

3 Key Points 

1. CFIB is informed by their 110,000 members’ opinions through regular surveys and mandate questions. 

2. Right now in Canada, it is easier and more lucrative from a tax perspective to sell to a third party than it is to sell to a family member.

 3. CFIB has been pushing for all Canadian governments across the country to start building in construction mitigation programs, including financial compensation for businesses that are disrupted by huge construction projects. 

Tweetable Quotes: 

● “The Canadian Federation of Independent Business has been around for 49 years now and we represent the big voice for small businesses. We operate across the country. We have offices in all 10 provinces.” – Ryan Mallough 

● “We advocate for things that small businesses are looking for. So, things like reduced small business or corporate tax rates, changes to employment standards law, cutting red tape and regulations, permit signage, that sort of thing.” – Ryan Mallough 

● “How can we help the business owners succeed? How can we make their lives easier when it comes to dealing with the government, while at the same time ensuring that the government understands the realities of running a small business?” – Ryan Mallough 

Resources Mentioned: 

● Facebook – Jason Pereira’s Facebook 

● LinkedIn – Jason Pereira’s LinkedIn 

● FintechImpact.co – Website for Fintech Impact 

● jasonpereira.ca – Website 

● Linkedin – Ryan Mallough’s Linkedin 

● CFIB.ca – Website for Canadian Federation of Independent Business

Full Transcript

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