The federal government has announced plans to change corporate tax rates that could have big impacts on small business owners and their families.
The Sarnia-Lambton Chamber supports measures that prevent tax evasion, but these changes go beyond that, and will punish many legitimate businesses. The government should put these changes on hold to avoid hurting thousands of small businesses across the country and to have a broader, thoughtful discussion regarding the measures needed to stop those who use their businesses to avoid paying taxes.
To find out more about the proposed changes, read Your Guide to Corporate Tax Changes and the article “Concern mounts over Morneau’s proposed tax changes affecting small businesses” which appeared in the Globe and Mail and discusses the latest news around the government’s taxation plans.
Now is the time to make your voice heard, which can be done by:
- Contacting Member of Parliament Marilyn Gladu
- Writing to Federal Finance Minister Bill Morneau.
- Stay tuned for details on an information session and roundtable meeting in September.
The government is accepting comments until October 2, 2017