Outrage brews within small business communities over proposed tax changes - NEWS 95.7
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Outrage brews within small business communities over proposed tax changes

Last Updated Sep 15, 2017 at 4:35 pm ADT

Finance Minister Bill Morneau holds a press conference at the National Press Theatre in Ottawa on Tuesday, July 18, 2017. Ottawa's fall parliamentary session is a couple of weeks away and Canadians are already getting a preview of what could be the season's main event: a scrap over the Liberals' proposed tax changes. THE CANADIAN PRESS/Sean Kilpatrick

HALIFAX – Outrage continues to brew within Canada’s small business community over proposed changes to federal tax codes that the community says will hurt their bottom lines.

The proposal, among other things, would stop the ability of a business owner from splitting income with family members at tax time, lowering the amount of tax they pay.

Darren Fisher, Liberal MP for Dartmouth-Cole Harbour, said there is still time for people to take part in the consultation process on the proposal.

He told the Rick Howe Show that he has heard from a number of people on the issue, and hopes to hear from more before this consultation period comes to an end October 3.

“Each time I meet with somebody else I hear something new that I send off to the office of finance,” he said. “I spoke with tax lawyers and tax accountants that have some really interesting thoughts on this and it’s all been very respectful.”

Fisher said finance minister Bill Morneau has told him that he would be making a stop in the Halifax area as part of this process, and to hear from people that will be impacted by these changes.

There isn’t a firm date yet, but he said it will be before the deadline for consultations.

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Whatever it is that Morneau is trying to achieve, his project should be re-written to ensure doctors don’t get affected by it. When doctors get penalised, they move to other places where they get better fiscal advantages. We already have a difficult time retaining general practitioners in provinces like Nova Scotia and others. If Morneau causes more doctors to leave then Morneau should be fired.

September 16, 2017 at 10:27 am