OTTAWA – Canadians for Tax Fairness is encouraged the federal government is finally committing
Ottawa, September 27, 2017 – Over 14,000 Canadians from across the country have signed the message to Minister Morneau stating: “We support your reforms to start making the wealthy pay their fair share in tax. These loopholes have let a small group of very wealthy Canadians take advantage of a system that wasn't meant to be used as a tax shelter for the rich.“
Canadians to Finance Minister: “We support your reforms.”
Momentum is growing as over 14,000 Canadians tired of anti-tax hype speak out.
La Coalition canadienne pour une fiscalité équitable appuie les efforts faits par le gouvernement fédéral pour éliminer les échappatoires fiscales qui permettent à certains riches du Canada de réduire l’impôt qu’ils paient en recourant à des entreprises privées.
Les échappatoires fiscales inéquitables accroissent l’inégalité et compromettent l’intégrité de notre régime fiscal et la capacité du gouvernement de financer l’infrastructure sociale et matériel nécessaire pour assurer la santé et la croissance de l’économie.
The Canadian Coalition for Tax Fairness supports the federal government’s efforts to close unfair tax loopholes that allow some wealthy Canadians to reduce their taxes using private corporations.
Unfair tax loopholes exacerbate inequality, undermine the integrity of our tax system and diminish the ability of government to fund the social and physical infrastructure needed to ensure a healthy and growing economy.
In July the federal government announced consultations on proposed changes to tax loopholes that allow some wealthy Canadians to reduce their taxes using private corporations. The changes would be limited to: ending dividend sprinkling to family members who don't work for the business, restricting passive corporate investments that compete with job creating investments and reduce tax revenues and limiting the ability to use capital gains to reduce income tax. The proposals have been getting a lot of attention in the media. Some legitimate issues are being raised, but there is a lot of mis-information and also blatant falsehoods that are being circulated by opponents to these tax reforms.
Tax breaks meant to help small business have instead become a major tax advantage for wealthier Canadians.
If the federal government backs down on its plan to close a tax loophole exploited by high-income earners, the rich people have won.
Opinion By Paul Willcocks | TheTyee.ca
Anti-tax lobby has distorted Canadian debate to the benefit of higher income earners.
Tax breaks meant to help small business have instead become a major tax advantage for wealthier Canadians. If the federal government backs down on its plan to close a tax loophole exploited by high-income earners, the rich people have won.