OTTAWA’S PROPOSED TAX CHANGES WILL KILL JOBS & HURT ALL FAMILIES
This summer, Ottawa proposed changes to how small businesses are taxed in this country. They say they are targeting the wealthy. The fact is, they are targeting middle-class small business owners and their employees. If these proposed tax changes go through, jobs will be lost. Families will suffer. Businesses will close.
Bottom line, business owners – from farmers and restaurant owners, to doctors and shop owners – would lose thousands of dollars that existing tax law allows them to legally use to:
- Re-invest in their business, including hiring staff.
- Pay for things like maternity leave, sick leave and retirement savings, which small business owners must fund themselves.
- Offset the high risk of starting and owning a business – risks that include family homes, kids’ educations, and covering company payroll, even in bad times.
The proposed changes were announced too quickly and with no analysis of the implications. A tax system that has been in place since 1972 cannot and should not be overhauled in only 75 days. Canadians deserve a full and proper consultation process.
We urge the government to establish a Royal Commission to examine these proposals fully and ensure tax reform is done right.