⚖️ Capping Severance: Ensuring Canadian Business Sustainability

Canadian business owners and entrepreneurs argue that the current common law system for severance obligations imposes an unsustainable financial burden, particularly on small and medium-sized enterprises, due to unpredictably large payouts. They contend that this deters hiring, hinders innovation, and threatens business survival in volatile economic times. To address this, they advocate for a reasonable cap on severance packages, which they believe would foster predictability, reduce financial risk, encourage job creation and growth, and create a fairer system for employers while acknowledging employee contributions. Ultimately, they urge policymakers to consider this change to ensure the long-term health and competitiveness of the Canadian economy.