Business groups unite, call on Ottawa to drop federal tax change

Business groups unite, call on Ottawa to drop federal tax changes for small business

35 organizations from across the country have come together to form the Coalition for Small Business Tax Fairness —a unified voice to oppose the federal government’s tax proposals that would dramatically change the way incorporated small businesses are taxed in Canada.

If implemented, the proposals will restrict small business owners from sharing income with family members; limit certain forms of saving in the business, making the firm more vulnerable in bad economic times and less able to innovate and grow; and change capital gains rules which could make it more difficult for business owners to transfer their business to the next generation.

The 35 business groups — on behalf of the hundreds of thousands of members they represent have presented a letter to Finance Minister Bill Morneau asking the government to take these proposals off the table and instead meet with the business community to address any shortcomings in tax policy affecting private corporations.

Signatories of the letter include:

Advocis – Financial Advisors Association of Canada
Canadian Advanced Technology Alliance
Canadian Association of Farm Advisors
Canadian Association of Management Consultants
Canadian Association of Optometrists
Canadian Association of Radiologists
Canadian Bar Association
Canadian Cattlemen’s Association
Canadian Chamber of Commerce
Canadian Construction Association
Canadian Dental Association
Canadian Federation of Agriculture
Canadian Federation of Independent Business
Canadian Home Builders’ Association
Canadian Horticultural Council
Canadian Institute of Financial Planners
Canadian Institute of Heating and Plumbing
Canadian Medical Association
Canadian Mortgage Brokers Association
Canadian Pork Council
Canadian Taxpayers Federation
Canadian Water Quality Association
Coalition of Ontario Doctors
Conference for Advanced Life Underwriting
Family Enterprise Xchange
Federation of Ontario Law Associations
Grain Farmers of Ontario
Grain Growers of Canada
Independent Financial Brokers of Canada
Mechanical Contractors Association of Canada
National Exempt Market Association
Ontario Association of Radiologists
Ontario Medical Association
Restaurants Canada
Retail Council of Canada

The Coalition for Small Business Tax Fairness is encouraging those concerned about these changes to contact their Members of Parliament and use the hashtags #unfairtaxchanges #taxesinéquitables on social media.

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