slider
Resources | Our Blog: Newsledger | White Papers | Budgetary Commentary | FAQS |

Small Business Owners Respond to Unfair Tax Proposals


August 29th. 2017

We encourage all of our clients to write to the Minister of Finance (fin.consultation.fin@canada.ca) to provide feedback on the recent proposals to change the income tax rules for business owners.  Many good articles have been published, castigating the government for gutting small business owners’ retirement savings, removing the incentives for business owners to take the risks that lead to economic growth, and ignoring the fundamental differences between business owners and employees in their analysis of the “unfair advantages” currently available to business owners.  However, articles in the press and on the websites of accounting firms are unlikely to sway this government.  Emails from thousands of business owners might.

 

The following articles provide a very good summary of the arguments against these proposals, and may help you in formulating your own response:

 

http://www.huffingtonpost.ca/tim-paziuk/look-at-the-numbers-theres-no-justifying-a-tax-hike-on-employers_a_23152129/

 

http://www.huffingtonpost.ca/tim-paziuk/bill-morneau-to-increase-tax-on-retired-business-owners-by-700_a_23074945/

 

http://business.financialpost.com/opinion/kim-moody-and-kenneth-keung-proposed-tax-rules-like-class-warfare-against-private-businesses

 

Our own response is also available on our blog:

Recent proposals to amend the Income Tax Act

 

We are in the process of drafting a sample letter for clients to use.


ARCHIVE

 

CATEGORIES

T1 Checklist T1 Checklist
News 
Community Action 
2005 - 2014 - Past Blog Posts 

At S+C Partners we take a holistic view of our client relationships to ensure that our clients needs are met on a timely basis.
S+C Partners LLP provides full service accounting services including assurance,  taxadvisory  and information technology  to support our clients financial commitments, minimize tax liabilities, optimize profitability and automate business processes to clients in Mississauga and the Greater Toronto Area.

Taxation   Assurance   Advisory   ERP Solutions   Disaster Recovery   Business Continuity   Microsoft Dynamic Navision / NAV

Home | Legal and Privacy | Sitemap | Contact | Google+
All content © 2017 S+C Partners LLP