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Opting out of controversial tax change

Opting out of controversial tax change

 

Manitoba, Saskatchewan to press Morneau about opting out of controversial tax change

Source: CBC News
Author: Andy Blatchford

Passive investment income tax changes target only richest corporations, Morneau says

Finance ministers from at least two provinces are planning to question their federal counterpart Bill Morneau about whether they can opt out of Ottawa’s plan to implement a controversial tax change.

The country’s finance ministers will gather in Ottawa today to discuss a range of issues — from the state of the economy, to federal equalization payments, to the escalating threats of U.S. protectionism.

Manitoba’s Cameron Friesen and Saskatchewan’s Donna Harpauer say they will also press Morneau about a tax change he first announced last year that’s related to passive investment income held by incorporated individuals.

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