Mike Schreiner outlines Green’s plan to cut payroll tax

Ontario Green Party Leader and Guelph MPP candidate Mike Schreiner is calling for a cut in payroll taxes for small businesses and non-profits.

Schreiner reiterated the party’s small business plan during an event at The Bookshelf in Downtown Guelph on Friday morning.

Schreiner’s plan would increase the exemption level for the Employer Health Tax from $450,000 to $1 million for businesses with payrolls under $5 million and it will be paid for by reversing the corporate tax cut for big businesses by one percentage point.

He said it would save small businesses about $1 billion a year.

Schreiner took aim at PC Party Leader Doug Ford and his plan to cut corporate taxes on small businesses and he said it would not provide payroll relief.

“If you want maximize your benefit from Doug Ford, you as a business owner might be thinking of cutting jobs,” he said. “If you want to maximize your benefit that we’re proposing it’s about creating more jobs, and we want small businesses to create more jobs, better-paying jobs and grow their business.”