Business Entrepreneurs and Groups mobilize to block federal Taxation changes
Rage is turning into action for a firestorm of opposition to proposed federal taxation changes gains force among entrepreneurs and business organizations.
In July, federal Finance Minister Bill Morneau announced several proposed tax changes. Small-business owners throughout the country have denounced them saying they will have a devastating effect on their enterprises. The proposals attempt to remove or restrict tax-saving steps like sharing income with family members, conserving passive investment income in a company and converting a company’s income into capital gains.