Media Release
October 16, 2017
OTTAWA – Morneau’s tax tweaks and small business rate cut announced
The Finance Minister announced that there will be tweaks this week to the closure of unfair private corporations tax loopholes. At the same time, a rate cut for small businesses has been announced.
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.“
Media Release
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.
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
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.
Childcare, seniors care, education and roads. These things cost provinces a lot of money. Twice a year provincial premiers get together to talk serious issues - but why are they letting billions slip through their fingers because of tax loopholes and havens? It is bad fiscal management.
The contents of the federal budget is an annual guessing game.This year the Conservative government has deliberately set out to lower expectations, preferring to save their goodies for next year's pre-election budget.
But a recent KPMG report has suggested there might be further measures to close tax loopholes and curb abuse of tax havens.
