Lack of details on small business tax changes a concern for business coalition
Ottawa, November 22, 2017 – Despite the federal government’s partial adjustments to its small business tax changes, business groups are still troubled about the potential negative effects the revised proposals will have on small and medium-sized firms.
The concerns are spelled-out in a new letter to Finance Minister Bill Morneau by the Coalition for Small Business Tax Fairness, a unified voice of now almost 80 organizations representing hundreds of thousands of business owners across the country.
“It’s been one month since the government provided any details of its revised proposals. And, in just a few weeks, some of the new tax provisions are supposed to come into effect,” said Dan Kelly, President of the Canadian Federation of Independent Business. “We continue to urge the government to slow down and allow time for genuine stakeholder input to help minimize any unintended consequences. The fight against these proposals is not over.”