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If this is merely partisan politics than shame on the PCs for undermining the information ...and do the PCs support this tax or is this just because they are so afraid of the Trillium Party of Ontario...?

Partisan Politics harm the people



Dear Editor I have tried to remain non-partisan because the federal tax initiative is so important to Canadians...here's what happened when I did a 10 minute info session at a meeting... On Tuesday September 26, 2017 I attended a seminar, hosted by BDO Accountants, on the new federal Liberal tax Act which will increase taxes on small business and farmers. From the summary, this tax focuses on:
"Income splitting with family members to reduce the overall family tax burden…; Perceived tax advantages achieved through the accumulation of a passive investment portfolio owned by a private corporation; and Strategies that convert regular income or dividend income of a private corporation into capital gains, which are taxed at lower tax rates."
According to information, in the past an amendment to tax laws needed substantial consultation periods. This time, there is merely a 75 day consultation period, ending on October 2, 2017. From BDO:
"The new tax policies introduced by the Canadian Federal Government …appear to materially harm the Canadian economy…exposing Canadian small business owners to tax rates of 93% or more." Michael Goldberg et al., Small Business Times, August 2017, Number 67.
It has been expressed, by some Liberals, that the present tax exemptions are "loopholes" - they are not. According to Kevin Nightingale, Tax Topics, August 17, 2017, Number 2371:
"The … proposals involve a great deal of added complexity and uncertainty for a small gain in equity and revenue. The current rules are not loopholes; they are decided policy choices and for good reason. The proposed rules demonstrate a lack of understanding of how entrepreneurial businesses operate and succeed."

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After this seminar I attended a meeting and was asked to say a few words, on this tax initiative, so more people would have some information to look into. I quoted MP Pierre Poilievre, Federal Conservative Finance Critic, on the 73% tax; what BDO has expressed; and what Minden - Gross LLP has stated in their article. People need to know that these businesses may have to shut-down and that jobs may be lost. When I was finished a fellow, stating that he works closely with his local PC MPP's office, expressed that there was no way the Federal Government would be implementing a 73% tax plus on anyone; that those who use these exemptions are just scammers; and that this was to stop immigrants from getting grants, going bankrupt and taking the money out of Canada (these initiatives do not seem to involve this). This fellow denied everything quoted from BDO, Minden - Gross LLP and Pierre Poilievre – so where does that leave Ontarians? This is something everyone should be questioning because it would seem the Ontario PCs (carbon tax) are quite willing to assist in another Liberal tax grab, wouldn't it? If this is merely partisan politics than shame on the PCs for undermining the information ...and do the PCs support this tax or is this just because they are so afraid of the Trillium Party of Ontario...? Elizabeth Marshall Candidate, Trillium Party of Ontario Bruce-Grey-Owen Sound


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Elizabeth Marshall -- Bio and Archives

Elizabeth Marshall on Facebook
• Non-Partisan Advocate
• Director of Research Ontario Landowners Association
• Author – “Property Rights 101:  An Introduction
• Board Member/Secretary – Canadian Justice Review Board
• Legal Research – Green and Associates Law Offices, etc.,
• Legislative Researcher – MPs, MPPs, Municipal Councilors,
• President All Rights Research Ltd.,

I am not a lawyer and do not give legal advice.  Any information relayed is for informational purposes only.  Please contact a lawyer.


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