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Sales Up, Profits Down in Canadian Restaurants | Toronto News
Canada’s restaurant industry is booming with sales up—but profits are plummeting as soaring costs and outdated tax policies squeeze operators. Despite generating $125 billion and employing over 1.2 million, especially young workers, 64% report shrinking profits, and 73% blame tax rules for stifling growth. Rising fuel and food prices hit margins hard, while owners urge policy changes like GST/HST removal on meals and faster tax write-offs for investments. With 50,000 youth hired this year, restaurants remain vital job creators—but without structural support, growth will stall. Listen in…
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