My Letter to Honourable Justin Trudeau & Honourable Bill Morneau
Re: Proposed Changes to the taxation of Private Corporations
The Department of Finance’s release of the document “Tax Planning for Private Corporation” for consultation and comment in July 2017 has resulted in significant and justified outrage from Canadian professionals and small business owners. I am writing this letter to address your concept of “fairness”, since you have used this term to justify this latest attack on the entrepreneurial middle class. It appears that you have taken a very narrow and misleading position when using the term “fairness” in order to sell your proposed changes to that portion of the general electorate that is not familiar with the economic reality facing small businesses and professionals.
Louis J. Sapi CPA-CA, MBA