Businesses weigh in on government’s plan to reduce credit card fees
The federal government is touting plans to help small businesses by reducing credit card fees, but some local merchants say while they welcome the measure, the actual impact it will have on their operations will be minimal.
The 2023 budget, released Tuesday, confirms a deal to lower the credit card fees paid by small businesses by up to 27 per cent.
David Worsley, co-owner of Words Worth Books in Uptown Waterloo, is no stranger to the fees associated with credit cards. (CTV Kitchener/Spencer Turcotte)
“No small business is going to say no to a few extra nickels,” said David Worsley, co-owner of Words Worth Books in Uptown Waterloo.
He says cash sales at his store are rare, and credit cards are involved in a significant chunk of transactions.
He’s no stranger to credit card fees and welcomes the move by the federal government to reduce them.
“But it's low-hanging fruit. It's not really a game changer.”
Worsley says ultimately, credit card fees are low on the list of things that keep him awake at night.
“Some quick back of the envelope math suggests it might pay for an invoice here or there. Of course it will. But will it change the game? Will it allow any prospective small business owner to say 'OK great, now I can do X.' Not really,” Worsley said.
He says tax relief is what small businesses truly need.
CFIB APPLAUDS MOVE
The Canadian Federation of Independent Business (CFIB) says lower credit card fees could help with COVID-19 recovery efforts and is significant considering Canada has some of the highest fees to accept credit cards in the world.
“Reducing fees to accept credit card payments will help businesses deal with the increased cost of doing business,” said Jasmin Guenette, vice-president of National Affairs with CFIB.
“If a small business can save up to $1,000 a year in credit card fees -- that's money they can reinvest in their business.”
CTVNews.ca Top Stories
'We're going to rebuild': Indigenous communities look to recover from devastating wildfires
The East Prairie Métis Settlement is one of several Indigenous communities that were hard-hit by the recent wildfires in Alberta. As the wildfire season rages on, residents and community officials are looking among the ruins, pondering how they’ll recover from all the losses.
Blue Jays pitcher 'truly sorry' for sharing anti-LGBTQ2S+ video
Toronto Blue Jays relief pitcher Anthony Bass said he is 'truly sorry' for sharing a controversial anti-LGBTQ2S+ video on Instagram.
O'Toole says CSIS told him he was focus of Chinese misinformation, suppression effort
Conservative MP Erin O'Toole says Canada's spy agency has told him he was the target of Chinese interference intended to to discredit him and promote false narratives about his policies while party leader.
Alberta Premier Smith wants to 'reset' federal-provincial relationship while eyeing sovereignty act
Fresh off leading Alberta's United Conservative Party to a majority victory on Monday night, Premier Danielle Smith says she wants to 'reset' her relationship with the federal government, while readying to invoke the province's sovereignty act over emissions targets, if needed.
Low sexual satisfaction linked to memory decline later in life: study
Low sexual satisfaction in middle age could be linked to future memory decline, according to a new study.
New study finds Canadian women are more likely to adhere to social and democratic values than men
New data from the General Social Survey by Statistics Canada examined values across different Canadian demographics and found that Canadian women are more likely to closely adhere to most social and democratic values than Canadian men.
Over half of Canadians say the city or town they live in has become noisier: poll
A new survey conducted by Research Co. reveals that over half of Canadians experience more noise in their city or town than they did last year.
U.S. officer shoots at truck driver near N.B. border crossing
Traffic is back up and running through the border crossing between Woodstock, N.B., and Houlton, Maine, after a security scare Monday.
Debt limit deal heads to vote in full House while McCarthy scrambles for GOP approval
Under fire from conservatives, House Speaker Kevin McCarthy worked furiously Tuesday to sell fellow Republicans on the debt ceiling and budget deal he negotiated with President Joe Biden and win approval in time to avert a potentially disastrous U.S. default.
London
-
Pedestrian suffers life-threatening injuries after crash at Victoria Hospital
An investigation is currently underway after a pedestrian was struck by a vehicle in the parking lot of London, Ont.’s Victoria Hospital on Tuesday night.
-
West London, Ont. house fire causes $100K in damage, snarls evening traffic
Damage is estimated at $100,000 and the whereabouts of a pet cat remains unknown after a fire broke out on a back deck of a west London home on Tuesday evening.
-
VIDEO
VIDEO | 'He did a buck 40 down the shoulder': Driver charged after speeding down shoulder of Highway 401
A 20-year-old driver from Petrolia is facing multiple offences after Elgin County OPP received multiple complaints of a vehicle speeding down the shoulder of Highway 401.
Windsor
-
Multi-vehicle crash closes section of Highway 3 in Kingsville
Essex County OPP say a “lengthy closure” of Highway 3 between Leamington and Essex is expected due to a collision.
-
Victim in 'critical condition' after violent downtown assault: Windsor police
Windsor police say a victim is in critical condition after he was chased and assaulted Saturday by a group of people downtown.
-
OPP officer from Lakeshore mourned by hockey community
Members of the Belle River hockey community say they are in ‘complete disbelief’ over the death of OPP officer with ties to the region.
Barrie
-
Magic Mushroom shop in Wasaga Beach forced to close
CTV News has confirmed that a magic mushroom shop in Wasaga Beach has been shut down.
-
With clock ticking, Minden residents take fight to save emergency department to Queen's Park
With just hours to go until the planned closure of their town's emergency department, Minden residents took their fight to save it to Queen's Park.
-
Thick black smoke seen after house fire in Barrie
Thick black smoke filled the sky in downtown Barrie Thursday after a house fire.
Northern Ontario
-
9 active wildfires in northeastern Ontario, highway closed again
The Ministry of Natural Resources and Forestry (MNRF) is reporting nine active wildfires in northeastern Ontario on Monday.
-
'Home on native land:' A new push to change O Canada's lyrics
Mississauga Mayor Bonnie Crombie hopes the city will support calling on the federal government to change the lyrics of “O Canada.”
-
State of emergency in northern Ontario lakeside community due to rising water levels
Mitch and Donna Bujold moved to their Nellie Lake lot in 2018 for the lakefront view and access to the water, but in recent weeks, it seems the lake has been keen on accessing their property too.
Ottawa
-
Federal government aiming to dispose of half of its office buildings with hybrid work here to stay
The federal government is planning to offload up to half of its office buildings across the country, citing the rise in remote and hybrid work.
-
Shopify faces class action over severance offered to recently laid off staff
A class-action lawsuit alleges Shopify Inc. reneged on a deal it offered some employees who were laid off in a recent round of cuts.
-
Here are the worst roads in Ottawa, according to CAA
Despite efforts from the city of Ottawa to make repairs, Carling Avenue reigns supreme as the worst road in Ottawa, and one of the worst in Ontario.
Toronto
-
Blue Jays pitcher 'truly sorry' for sharing anti-LGBTQ2S+ video
Toronto Blue Jays relief pitcher Anthony Bass said he is 'truly sorry' for sharing a controversial anti-LGBTQ2S+ video on Instagram.
-
Police identify engaged couple shot dead after dispute with landlord near Hamilton
A young couple shot and killed after a dispute with their landlord near Hamilton have been identified by police.
-
21 deaths now linked to Kenneth Law's lethal products
The number of deaths connected to the products sold by a Mississauga, Ont. man charged with aiding and abetting suicide continues to climb, hitting at least 21 people, according to tracking by CTV News.
Montreal
-
'Deeply troubling': English parents group says it was left out of hearings on Quebec education bill
A parents' group representing students in English-language school boards said it is 'deeply troubling' that it was not invited to participate in public hearings on Quebec's education reform bill.
-
Montreal soccer coach altercation sparks debate about equipping referees with body cameras
A recent altercation at a Montreal soccer game has people wondering whether referees should wear body cameras on the field.
-
Lone tenant in a $400-a-month apartment could hold up major Montreal condo project
Carla White is the only remaining tenant in her building, which is slated to be demolished to make room for a 176-unit condo project. But in order to move forward, the developer must reach an agreement with White -- and she says she won't leave until she's provided with a home that offers the long-term stability she needs to ensure she won't end up back on the streets.
Atlantic
-
'For God's sake, stop burning': N.S. premier bans all activity in forests, urges residents to abide by burn ban
Nova Scotia Premier Tim Houston has banned all activity in forests as of Tuesday, and says the wildfire damage is “extensive” and “heartbreaking.”
-
Wildfire, potential ammonia leak forces mandatory evacuation order in Bedford, N.S.
A wildfire is burning in the Hammonds Plains-area near Bedford, N.S.
-
'There is nothing left': 151 Halifax-area homes destroyed by wildfire
A wildfire in northwest Halifax has destroyed more than 150 homes and about 50 other structures, the municipality’s executive director of public safety said Tuesday at a news conference.
Winnipeg
-
Priest charged in alleged sexual assault of 8-year-old girl on Manitoba First Nation
Manitoba RCMP have arrested a priest from a First Nation community who is accused of sexually assaulting an 8-year-old girl, and believe there may be more victims.
-
Violent crime in Winnipeg reaches highest level in 13 years: report
The number of crimes in Winnipeg increased by more than 25 per cent in 2022, which includes a record number of homicides, a spike in the use of bear spray as a weapon, and an uptick in property crimes.
-
Mayor wants ring of 24/7 shelters around Downtown Winnipeg
Winnipeg's mayor is proposing a plan to create a ring of 24/7 shelters around downtown Winnipeg which he says will help get those experiencing homelessness out of bus shelters and into safe spaces.
Calgary
-
Orange islands in a blue sea: Why Alberta's urban-rural political divide still exists
The electoral map has been recoloured, but Alberta's rural blue hasn't budged an inch.
-
Two Calgary ridings subject to automatic recounts: Elections Alberta
Calgary-Acadia and Calgary-Glenmore, both previously operated by the United Conservative Party are now painted in NDP orange by razor-thin margins.
-
'Somewhat shocked': Criminal lawyer questions use of force in deadly Calgary police pursuit
A prominent criminal lawyer is questioning the use of force in a deadly police pursuit in Calgary on Monday.
Edmonton
-
NDP sweep of Edmonton confirmed; Madu out as minister with fall to Ip in southwest
The Alberta NDP swept the province's capital city for a second time during Monday's provincial election.
-
This MLA-elect is the first Black woman to be elected to the Alberta Legislature
On Monday, Rhiannon Hoyle was elected to the riding of Edmonton-South, making her the first Black woman elected to the Alberta Legislature.
-
What will it take to get a 3rd-party MLA in Alberta? Probably a breakup, consultant says
It's no surprise Alberta's election was a two-horse race, but the rate at which every other party stumbled out of the gate is something not seen in the province in more than 100 years.
Vancouver
-
Putting Surrey Memorial Hospital's ER on diversion may be the only 'responsible recourse,' staff letter says
Frontline health-care workers at Surrey Memorial Hospital say the emergency room should be shut down to new patients if staff shortages continue to create "perilous" conditions for people in need of urgent care.
-
'This has looked like a war zone for years': What's next for Abbotsford’s most dangerous homeless camp?
B.C.'s housing minister promises "big changes" are coming to Abbotsford’s most dangerous homeless camp. But critics aren't buying it, saying the province has known about the notorious encampment for years and done nothing.
-
Vancouver woman alerting dog owners after disturbing discovery
A Vancouver woman is spreading the word after discovering pieces of bread filled with safety pins while walking her dog Tuesday morning near Ontario street and 3rd Avenue.