Business groups call on Ottawa to drop federal tax changes for small business
The government of Canada has just proposed the most radical tax overhaul in 50 years. We’re particularly worried about the impact on business from (1) a new tax on investment income in a corporation and (2) tough new rules for compensation in family businesses.
This is an issue where the power of the network can affect change if we all work together and use our voice of business.
Business groups across Canada are uniting on this front. 35 organizations from across the country have come together to form the Coalition for Small Business Tax Fairness —a unified voice to oppose the federal government’s tax proposals that would dramatically change the way incorporated small businesses are taxed in Canada. Read the full release from the coalition here.
The window of opportunity is closing. The Liberal and Conservative caucuses meet immediately after Labour Day and we are aiming to have MPs go to the meetings with businesses’ comments in hand.
To help businesses have their voices heard, the Canadian Chamber of Commerce created a number of pieces to share with Chamber members.
- A three-panel double-sided document that can be copied, cut, and distributed to members, as many businesses may not be aware of what these changes could mean to them.
- A template letter – into which we hope you members will supply their own stories and then send them to their appropriate Member of Parliament, which you can find here: http://bit.ly/2gdOHWZ
- Social media tweets and posts your Chamber and members can leverage.