Conservatives Propose Easing Small Business Tax Rules

MP Brad Vis outlined plans to raise the GST/HST small-supplier threshold and modernize rules affecting small firms.

Updated on Nov. 9, 2026 in Taxes

Conservatives Propose Easing Small Business Tax Rules

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Conservative Shadow Minister for Small Business Brad Vis announced new tax proposals aimed at reducing administrative burdens on small businesses. The plan includes raising the GST/HST small-supplier threshold from $30,000 to $60,000.

Why it matters

Many rules affecting small businesses have not been modernized to reflect changes in Canada's economy, and the proposals seek to make it easier to start and grow a business. The changes would apply across Canada, including in Vis's riding of Mission-Matsqui-Fraser Canyon.

The proposal would lift the GST/HST small-supplier threshold from $30,000 to $60,000 and the Small Business Deduction business limit from $500,000 to $700,000. Whether these changes would be adopted, and their cost, has not been established.

The players

Brad Vis

Brad Vis is a Member of Parliament and the Conservative Shadow Minister for Small Business, representing the Mission-Matsqui-Fraser Canyon riding in British Columbia.

Conservative Party of Canada

The Conservative Party of Canada is the federal opposition party in Canada that developed the Economic Action Plan containing these proposals.

The details

The proposals are part of the Conservatives' Economic Action Plan and target rules that have not kept pace with changes in Canada's economy. Brad Vis, who represents the Mission-Matsqui-Fraser Canyon riding, presented them as measures to reduce red tape for small firms.

November 9, 2026: Brad Vis announced the new small business tax proposals.

Economic Action Plan

The proposal would double the existing GST/HST small-supplier exemption threshold from $30,000 to $60,000 under the Excise Tax Act, extending a long-standing relief measure to more small suppliers. It is presented as part of the Conservatives' broader Economic Action Plan, which has not been detailed further in the extraction.

If adopted, the higher GST/HST small-supplier threshold would mean more small businesses could operate without registering for and collecting GST/HST. The higher Small Business Deduction limit would extend the lower corporate tax rate to businesses with more active income.

The takeaway

Small business owners should note that the proposals remain under discussion and are not yet law, so current GST/HST and Small Business Deduction limits still apply.