Coalition for Small Business Tax Fairness


As you may be aware, the federal government has recently proposed changes to the tax structure for private corporations. These proposals represent the most significant tax changes we have seen in years with the potential to have severe negative impacts on small business in Canada.

In order to voice our serious concerns about these proposals, Independent Financial Brokers of Canada has joined together with 34 other organizations to form the Coalition for Small Business Tax Fairness. Together, our organizations represent hundreds of thousands of independent businesses like yours.

Today, the coalition has written a joint letter to federal Finance Minister Bill Morneau asking that these proposals be taken off the table and for the government to launch meaningful consultations with the business community to address any shortcomings in tax policy without unfairly targeting independent business.


You can read the letter(s) to Minister Morneau, Press Release, and the media advisory that was distributed to all media outlets in Canada by clicking the links below.

 

First Letter to Minister Morneau           Second Letter to Minister Morneau          Third Letter to Minister Morneau

 

Media Advisory                    Press Release                    COALITION POUR L’ÉQUITÉ FISCALE ENVERS LES PME

 

There is strength in numbers, and your IFB membership give you an important voice when proposal like this one threaten your business.

We will keep members informed as this matter develops.  In the meantime, you can voice your concerns as an individual by calling, writing or emailing your local Member of Parliament.

On February 13, 2018, the Coalition sent another letter to Minister Morneau detailing our continuing concerns with the proposed tax changes affecting private coalitions.

English Version                   French Version

 


In the News …

October 2018 – CCPC tax planning for passive income

March 2018 Report – Income Sprinkling Using Private Corporations

December 14, 2017 – Coalition welcomes Senate recommendations, remains concerned with income sprinkling rules

September 5, 2017 – Ministers Morneau and Chagger Kick Off National Listening Tour With Small Business Owners

September 6, 2017 – Jack Mintz: Mere ‘tweaks’ won’t fix the Liberals’ draconian tax-reform plan

STEP Canada – A Word of Explanation

NEW Website! – Meet the coalition for small business tax fairness

Consultations on tax planning using private corporations

Taxes: Opposition to changes

Various accounting firms discuss the potential impacts of the proposed tax changes affecting private corporations:

Webinar MNP | Proposed Taxation Changes Concerning Private Corporations | 2017

Webinar GGFL | Proposed Changes to Tax Planning Using Private Corporations

Webinar led by tax advisors from EY and PWC | What the federal tax increases mean for your small business

Deloitte – Tax Planning Using Private Corporations

Deloitte – Tax Planning Using Private Corporations: Capital gains implications