Tag: small business

The Trudeau government is continuing to backtrack

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In their second component of ‘making the tax system fair’ in connection with small business, they were talking about how small business corporations could unfairly have passive income taxed in their corporations, and thus have a leg up on the ‘ordinary wage earner’.  This was an inflammatory statement, and not the whole truth, as small…

Government in full damage control mode

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https://www.thestar.com/news/canada/2017/10/16/feds-to-cut-small-business-tax.html Thus, the Trudeau government is in full damage control mode… Reducing the small business rate as per election promise, which they flipped on, and now flopped on, before ‘fixing’ the so called small business ‘tax loopholes’, which they previously placed as a condition. They altogether dropped the so called ‘converting income into capital gains’…

Alberta to introduce tax credit for investments in small businesses up until 2019

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THE CANADIAN PRESS CALGARY — The Canadian Press Published Friday, Sep. 30, 2016 9:43AM EDT Last updated Friday, Sep. 30, 2016 9:43AM EDT The Alberta government plans to introduce a tax credit for investments in small businesses in the fall sitting of the legislature. Economic Development Minister Deron Bilous says there will be a 30 per cent…

Harper Government Introduces Small Business Job Credit

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New tax relief will save small businesses more than half a billion dollars over two years September 11, 2014 – Toronto, Ontario – Department of Finance Minister of Finance Joe Oliver today announced more action by the Harper Government to create jobs, growth and long-term prosperity: the introduction of the new Small Business Job Credit which is…

New initiatives to assist small and medium-sized businesses: consultations on the proposed Registration of Tax Preparers Program (RTPP)

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On January 17, 2014, Minister Kerry-Lynne Findlay announced the introduction of a new three-point plan to improve compliance and provide support to the small and medium-sized business community. As part of this initiative, the Minister launched a consultation process with taxpayers and the tax preparer community on the proposed Registration of Tax Preparer Program (RTPP),…

Harper Government announces new measures to support small business compliance

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January 17, 2014 – Toronto, Ontario – Canada Revenue Agency The Honourable Kerry-Lynne D. Findlay, P.C., Q.C., M.P., Minister of National Revenue, today announced a new three-point plan to support small and medium-sized businesses to comply with tax rules. This will help small and medium enterprises more easily meet their tax obligations, save time and…