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Mr. Bulloch taught business and finance at Ryerson Polytechnic University between 1963 and 1969, when he founded the Canadian Council for Fair Taxation, inspired by a government proposal that would have hiked the small business tax rate to 50 per cent. The council defeated this proposal, quickly grew and became CFIB two years later.

Educated in engineering and business, Mr. Bulloch formed Canada's first Entrepreneurship Education and Research Centre at Ryerson, which was the forerunner of the Entrepreneurship Centres at universities across Canada. He has been recognized with a fellowship from Ryerson and the Distinguished Business Alumni Award from the University of Toronto; and is a Member of the Order of Canada.

John’s wife, Mary Bulloch, played an instrumental role in the growth of CFIB. In 2016, the Federation re-named its headquarters in Toronto the John and Mary Bulloch Building, in honour of their contributions.