On July 18, Finance Minister Bill Morneau released a detailed package of tax changes affecting small businesses.
Daniel Lauzon, a spokesperson for the minister, said the strong negative reaction was expected given the effect the changes will have on high-income earners.
Canadian Chamber of Commerce president Perrin Beatty made his own fairness case Tuesday, suggesting that the circumstances of a salaried employee and a small-business owner, each earning $80,000, do not make for an apples-to-apples comparison. The salaried employee likely has a generous pension and paid vacation time, Beatty pointed out, while the business owner may have pledged personal assets as collateral and has other stresses not borne by employees.
I had a good smile at the coffee shop yesterday morning. A retired schoolteacher and his buddy a retired Alberta government property assessor started a business a few year ago and the teacher was whining and whining about this. My friend Mel asked him if he was still going to wear his Justin button next election.
ReplyDelete