(May 22/12) Following government’s announcement to eliminate the penny, CRFA has been highlighting the impact of this change on restaurateurs.
Survey results: How it affects restaurateurs
A recent CRFA survey on the impact of the penny’s demise revealed that restaurateurs are most concerned about these issues:
The impact will be particularly felt by cash-based restaurants, where speed of service is critical.
What we requested
Earlier this month, CRFA discussed with Finance officials our requests for:
Click here to read our letter to Finance Minister Jim Flaherty. (PDF)
What you need to know
Our discussions revealed the following:
Government is open to working with CRFA on a consumer campaign to be launched around the time rounding will be required. Currently, there are no plans to reimburse operators for costs incurred from this new policy decision.
CRFA’s survey results and next steps will be discussed at our upcoming Board meetings.