Too often the discussion of tax reform is boiling down to partisan debate. But this question is so much larger, and is fundamentally a right or wrong issue. The last time a tax reform of this magnitude was implemented it was the early ’70s. It took about six years of consultation and about two years
Federal Finance Minister Bill Morneau’s proposals for tightening tax breaks associated with private companies is generating several kinds of response on social media and in mainstream media. The most evident is an impressive deluge of evidence-free rhetoric claiming that the proposals are an attack on everything from the middle class to maternity leave for female
Up until recently there were two things certain in life: death and taxes. We can now add a third one: Botching the promotion of a tax reform for political gains. Finance Minister Bill Morneau’s tax reform has been a communication disaster. Various claims made about Ottawa’s intentions to revamp our tax system for small corporations
Farmers’ concerns about the federal government’s proposed controversial tax reforms for private corporations haven’t fallen on deaf ears. Finance Minister Bill Morneau says the reforms will be changed so as not to discourage farmers from saving for retirement, employing family members, or selling their operations to the next generation. Read more: Q & A: Brian Pallister
Manitoba Premier Brian Pallister, who ran a financial planning company specializing in farm succession planning, shared his views with Manitoba Co-operator reporter Allan Dawson on Sept. 28. The following Q & A was edited for length and clarity. Q: What’s your reaction to the federal government’s proposed changes to taxing private corporations? Brian Pallister: This
In July the prime minister of Canada and the federal finance minister introduced proposals that, if enacted, will fundamentally change how small business in Canada operates. Since that unveiling of proposals, debate on the merits of each point has been impassioned. Debate has since polarized along ideological dogma. Canadian society must decide where they wish
Farmers are being urged to join the chorus of opposition facing the federal government’s proposed tax changes. Manitoba’s minister of agriculture has already added his voice to the growing calls for Ottawa to reconsider the massive overhaul and Keystone Agricultural Producers is asking its members to participate in government consultations before the October 2 deadline.
Canadian farmers could soon be swept up in a looming taxation crackdown. The Trudeau government has promised to lower the boom on what it characterizes as the abuse of private corporations by high-income individuals to avoid taxation. Doctors have been especially vocal in their condemnation of the move, saying they have forgone fee increases in
Successful farms depend on having smart, strategic people, no matter what structure. However, being incorporated has forced farms to create accrual financial statements and operate under certain rules of engagement, which has jumpstarted more professional behaviour, such as having farm meetings.
For years, farmers have called on the province to change how public schools are funded and to remove education tax from farmland. Now, it appears a funding overhaul could finally be on the table. After being questioned by NDP MLA Wab Kinew during a supply committee meeting last week, Education and Training Minister Ian Wishart