Editor:
On July 18, federal Finance Minister Bill Morneau announced extensive proposed changes to the taxation of private corporations in Canada. These changes were proposed to ensure the wealthiest of Canadians pay their fair share of taxes. Unfortunately, the proposed changes impact all private corporations, not just those that are owned by the wealthiest of Canadians. In fact, the majority of private corporations in Canada are owned by “middle-class” Canadians, the very group of Canadians that the government promised to protect. For more information, visit the following links:
•www.cpacanada.ca/en/connecting-and-news/news/professional-news/2017/july/finance-canada-consultation
•www.taxpayer.com/commentaries/bill-morneau-s-attack-on-the-middle-class
•www.fin.gc.ca/activity/consult/tppc-pfsp-eng.asp
If you are a small business owner, you should be aware of these proposals and how they may affect your business, your family, and your future. It is a very good time to contact your Member of Parliament (Pamela Goldsmith-Jones at [email protected] or 604-913-2660) to express your concerns before the consultation period ends on Oct. 2.
Robert Flux, Sechelt
