Missed opportunity to address small business debt and cost pressures
Ottawa, March 28, 2023 – The Canadian Federation of Independent Business (CFIB) is pleased that today’s federal budget confirms a deal to lower credit card fees for small merchants, as promised in last fall’s economic statement. However, the budget was a missed opportunity to provide relief to small businesses facing massive debt loads and increasing costs.
“The biggest win in the 2023 budget is the deal reached with Visa and Mastercard to reduce credit card fees for small business owners,” said Dan Kelly, CFIB president. “A reduction of up to


