Small businesses, Trudeau government headed for autumn tax showdown
In short, the liberals want to:
- Prevent corporate income from being taxed as capital gains
- Prevent passive income investments
- Prevent shifting income to family members at lower tax rates
Apparently being a small business owner isn't hard enough for Canadians so the Liberals want to make it harder.
If the tax burden on small businesses was "zero" this would STILL be a damn hard way of life to make work. Having ANY help taken away is nothing short of a slap in the face.
Entrepreneurs have none of the benefits of regular employment. How many thousands of dollars in assistance per year do we give up by going it alone compared to traditional employment?
We get no dental benefits, no stock matching plans, no regular income, no group retirement plans, no paid time off, no sick leave, no employment insurance or severance pay, nothing.
We take enormous risk to ourselves and our families by doing this. Yet we have it too easy compared to regular Canadians and the playing field needs to be leveled? Give me a break.
This isn't something that will only harm the super wealthy who shield their vast fortunes in tax havens.
It's harming normal everyday entrepreneurs like me and you. Today.
What a crock.
In short, the liberals want to:
- Prevent corporate income from being taxed as capital gains
- Prevent passive income investments
- Prevent shifting income to family members at lower tax rates
Apparently being a small business owner isn't hard enough for Canadians so the Liberals want to make it harder.
If the tax burden on small businesses was "zero" this would STILL be a damn hard way of life to make work. Having ANY help taken away is nothing short of a slap in the face.
Entrepreneurs have none of the benefits of regular employment. How many thousands of dollars in assistance per year do we give up by going it alone compared to traditional employment?
We get no dental benefits, no stock matching plans, no regular income, no group retirement plans, no paid time off, no sick leave, no employment insurance or severance pay, nothing.
We take enormous risk to ourselves and our families by doing this. Yet we have it too easy compared to regular Canadians and the playing field needs to be leveled? Give me a break.
This isn't something that will only harm the super wealthy who shield their vast fortunes in tax havens.
It's harming normal everyday entrepreneurs like me and you. Today.
What a crock.
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