Manufacturing and processing companies can write off the full cost of buying new equipment and machinery as soon as they put the purchases to use.
Critics warn it will unfairly pile on significant costs for small business owners.
Recommends it’s time to examine its corporate tax in the face of the changes in the US.
The $3 billion in products targeted by Beijing amount to barely 2% of American goods exported to China.
Morneau all but ruled out specific measures that respond to the US direction on tax reform.
Says future increases tied to inflation will only exacerbate the challenges the industry is facing.
Small business coalition urges him to postpone the income-sprinkling proposal.
Says the government will have to assess the impact of the wage increase as it continues to roll out.
Details are likely to add to the questions about ties between Russia and the Trump administration.
CRA is reviewing links to Canadian entities and will take appropriate action, says spokesman for the revenue minister.
Watering down proposal on passive-investment income so only 3% of the most-wealthy will pay higher taxes.
Taxes extracted from working Canadians driven by ‘modest deficits’ spiralling out of control
CME calls the changes “significant but flawed piecemeal amendments.”
Changes would create uncertainty for corporate tax planning, and intensify a brain drain.
The aim is to give MPs a chance to debate the proposed reforms in the House of Commons before consultations wrap up next week.