Thoughts

AWD Blog

We post various articles from different sources as a resource for Canadian accounting and bookkeeping professionals. Please feel free to comment or contact us to have yourself considered as an author.

Letter to our Parry Sound Member of Parliament Outlining Concerns Over July 2017 Federal Tax Proposals

September 28, 2017

Mr. Tony Clement17 James StreetParry Sound, OntarioP2A 1T4

Dear Mr. Tony CLement,

On July 18, 2017, the Department of Finance released a set of proposals – including draft legislation and explanatory notes -  that significantly impacts private corporations and their shareholders especially for small and medium sized business owners despite the Liberal government’s constant message to the public that the tax changes will not affect these persons and are meant to tax the rich. I find this rather appauling and very misleading to the public.

I recently moved to the Parry Sound area and opened up an accounting office in Parry Sound.  I have 20 years of tax experience and I can hardly understand the rules.  What I do understand is this will add significantly complexity for small and medium sized businesses to comply with the proposed tax laws if and when they are enacted and will also result in an increased tax burden to most.

Continue reading
52 Hits
0 Comments