Proposed small biz tax changes ‘will kill jobs:’ opposition
The federal government believes changing the small business tax provisions is a way to make the tax system more just, but the opposition calls it a threat.
To drive that second point home, Conservative Leader Andrew Scheer shared his concerns with the Regina and District Chamber of Commerce at a luncheon Tuesday.
“We shouldn’t have a government that’s looking for new ways to threaten the financial security of Canadians — that’s one thing we should be able to count on,” said Scheer.
To make sure Canadians are paying their fair share of taxes, the federal Liberal government is looking to do three things: restrict income sprinkling, which is when business owners share income to family members in lower tax brackets; prevent corporate owners from converting income to capital gains; limit passive investments.