The federal government is attacking Canada’s business community with major changes to how private corporations are taxed in our country.
Ottawa has taken the position that all income is created equal, without recognizing the important reasons why money earned by a business is inherently different than regular income.
These proposed changes will negatively impact tens of thousands of businesses by raising taxes, reducing incentive for private investment, increasing administrative burdens, and making it even more difficult for a business to be transferred from one generation to the next.
Through an elaborate charade, the changes have been presented as a way to fix a “flawed” system. The truth, however, is that the existing system of fair and balanced tax regulations has promoted economic growth throughout all sectors of our economy.
Thanks to the efforts of Chambers of Commerce across the country, plus many other concerned business advocacy groups, Liberal MPs are feeling the heat and cracks are emerging in their attempts to gather and maintain support for these changes.
In the coming days and weeks, we will continue our efforts to stop these changes before they are implemented.
The Saskatchewan Chamber of Commerce wants NEEDS to hear from you on this issue though.
If you have any comments, stories, or anxious notes from your accountant about how these tax changes will negatively impact your business, please send them to us.
This is the feedback our government needs to hear.
The Liberal Party of Canada’s rationale for these changes is weak, and it’s getting more flimsy with each passing day. They see it happening and they’re worried, so let’s not stop the fight now.