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.
Almost absent in the debate are any voices defending the idea of tax fairness.
Should be careful about targeting any one group when making the case for its policies.
Ryan Holmes says proposed changes to small business taxes could prevent Canada from becoming a hotbed for technology giants.
Coalition argues targeted incentives recognize the greater risks faced by small business owners.
Net debt will balloon from $9.5 billion to $44 billion by 2020.
Alberta premier notes huge cost increases if the US slaps a border adjustment tax on Canadian energy.
Finance minister says such a tax would disrupt a mutually beneficial trade relationship and impose extra costs on US firms.
Findings suggest more Canadian firms surveyed are optimistic in areas such as sales growth.
They want to brand product and sell medical marijuana on a tax-free basis.
Liberals want to raise the income threshold to $500,000 from $350,000 to allow more businesses to pay the lower rate.