Anatomy of a tax fight
Anatomy of a tax fight… a fight that’s far from over
Source: Electrical Business
Author: Dan Kelly
November 16, 2017 – You can’t blame business owners for feeling like they’re being bombarded by government.
Increased EI premiums, new environmental levies, minimum wage hikes… announcements about new taxes and regulations became a common occurrence in 2017. But perhaps the most significant tax announcement of the year—and maybe the most significant in decades—came in the dead of summer, involving a series of proposals that would dramatically change the way small businesses in Canada are taxed.
When federal Finance Minister Bill Morneau announced the proposals, the Canadian Federation of Independent Business (CFIB) began consulting tax professionals and surveying business owners to get an understanding of how these tax changes would affect small business owners and their families.