As a TRUE small business owner...

[Angry White Male]

... Justin Trudop's tax law changes will NOT affect me, nor my business, in the least.



Just thought I'd throw this out there!

[Anonymous]

... Justin Trudop's tax law changes will NOT affect me, nor my business, in the least.



Just thought I'd throw this out there!

They will my dentist.

[Anonymous]

Remember all  that BS about fighting for the middle class in the last election? Higher payroll taxes, C02 levies,  massive deficits with no end in sight and now  sticking it to plumbers and doctors.



He still has nice hair though.

Funny, isn't it, how Liberal politicians tout small businesspeople as the bedrocks of our neighbourhoods, our communities and our nation when they are seeking their votes. But once they are elected – and ravenous for more revenue to finance their Big Government dreams – the Libs started portraying these same entrepreneurs, shopkeepers, farmers, fishermen and professionals as greedy tax cheats who were robbing the middle-class.



In the last federal election, Liberal Leader Justin Trudeau talked about how entrepreneurs are the engine of our economy. His party's "Growth for the Middle Class" platform had at its core a reduction in the small biz tax rate from 11 per cent to nine.



The platform made clear entrepreneurs were a key part of the middle-class.



One morning, about two months before election day in 2015, though, reporters asked Trudeau for his definition of middle-class. He couldn't come up with one.



"I'm going to let economists ... argue over which quintile or decile the middle class begins or ends in," Trudeau chuckled dismissively.



But it was always going to be a problem for Trudeau and his party to promise the moon to the middle-class without a definition of who was middle-class.



On the spending side, creating such ill-defined expectations amounts to writing a blank cheque.



On the tax side, we are currently seeing precisely the problem with Trudeau's lack of an understanding of who is middle-class.



Now that the Liberals are going to be running $30-billion deficits in perpetuity (rather than just the three $10-billion deficits they campaigned on, followed by a balanced budget) they desperately need more money.



All of a sudden, the Trudeau Liberals' strategy is to smear millions of middle-class business people as "rich" tax dodgers, so they can smash tax incentives that middle-class entrepreneurs have relied on for decades to fund their retirements, retain cash in their companies to tide them over in lean times, provide for their families and protect their businesses if they get pregnant or sick.



Recently, the Liberals have responded to the backlash their proposals have set off by saying they are only seeking tax "fairness." They think it's "unfair" that small businesspeople should have more loopholes than people who work for salaries or wages to reduce their tax rate.



But consider just this one example.



Small business people don't have comfortable pensions like public-sector workers do. And they often don't have as much RSP room as salaried employees. So they tend to use these "loopholes" (if they can be called that) to save up money for their retirements.



But this money is taxed when it is put through the loopholes and it is taxed again when it is taken out, unlike contributions to RSPs and retirement plans that are tax exempted until retirement.



John Szaszkiewicz, a prominent Edmonton small business accountant, estimates the full effect of the Liberals' proposed small-business tax changes could be "a 73 per cent effective tax rate on investment income ... and a hit of close to 40 per cent in after-tax retirement income for small business owners."



How is that fair? Or helpful to the middle-class?



There was once a time when we understood the core function private businesses played in our economy – generating money, creating jobs, funding the public sector.



But now that so many people work for wages, especially in the public sector (governments, school boards, hospitals, universities, Crown corporations), it is just assumed unlimited amounts of money originate in the public treasury.



Because of that, there is little respect for small business owners, for the risks they take and for their central role in the economy. Hence, the assumption they are all tax cheats plays well with a lot of ill-informed, envy-driven voters.

http://www.edmontonsun.com/2017/09/05/tax-fairness-the-liberal-small-biz-tax-changes-are-the-total-opposite">http://www.edmontonsun.com/2017/09/05/t ... l-opposite">http://www.edmontonsun.com/2017/09/05/tax-fairness-the-liberal-small-biz-tax-changes-are-the-total-opposite

[Anonymous]

True Dope is facing a  revolt within his own caucus over this latest confiscation.



I couldn't imagine Trump or the US congress doing this.  

Thousands of times over hundreds of campaign stops, townhalls and press conferences, Prime Minister Justin Trudeau's one-and-only mantra was his focus on bettering the middle class.



The "middle class" this; the "middle class" that.



He, like no prime minister before him, was going to help the middle class grow and prosper, and he sold it better than any snake-oil salesman and pill pusher anyone could ever envision.



It is his biggest political lie thus far, and the most flagrant of his multitude of broken promises in the two years since being elected.



He just doesn't get it.



Even as he faces the biggest backlash since being elected over his plan to essentially tax small business out of business, with his own MPs giving him grief and expressing re-election angst at their caucus meeting in Kelowna, he is blind to the most obvious fact of all.



Small business is the middle class. And, while Trudeau would like to put reality to the illusion that too many of them are rich and playing tax loopholes to get richer, it's still an illusion.



When doctors are pulling up stakes in small town Canada because of increased costs, static fee structures and therefore the inability to make ends meet in rural communities, then they should not be on a prime minister's target list.



Yet doctors, farmers and accountants were the among the small businesses Trudeau and Finance Minister Bill Morneau held up as examples of greedy tax cheats in order to sell a new tax scheme that will take down the mom and pop operations, and tar with the same brush all the other small businesses that are already suffering a 50% failure rate.



Success is something to be rewarded, but success in the eyes of the Trudeau Liberals is just an opportunity to conjure a new tax and get some new money.



And God knows the Liberals need new money, because they have been spending it like it grows on trees, and saddling us with a debt and deficit that will not see a balanced budget until most of us are dead.



Small business — defined by the Canada Revenue Agency (CRA) as having fewer than 100 employees (meaning it could be two, or three, and this is often the case) — represent nearly 70% of Canada's private labour force.



One third of all self-employed Canadians are women, a number that is now pushing a million, and yet our feminist prime minister has these risk takers in his sights as among the greedy and the tax-dodging.



How does he reconcile that?



Small business contributes about 30% of our country's GDP, with the average worker toiling a minimum of 50 hours a week to stay afloat compared to a public-sector employee who won't work a minute past their 37-hour commitment to the taxpayers who front their wages, benefits and oft-mentioned gold-plated pension plans.



Small business does not have taxpayer-funded pension plans. Most have no pension plans at all, other than working to their graves in order to keep paying the bills and their ever-increasing taxes.



According to the CRA, there are 1.1 million employer businesses in Canada. Of that number, 98% are small business.



And Trudeau/Morneau wonder why they are now getting grief over their plans to tax them even more?



Trudeau and Morneau say it's all about creating a "level playing field."



That doesn't sound progressive. That doesn't sound like rewarding the financial and personal risks taken by small business to make it in an increasingly tough world.



That sounds, instead, like 19th-century socialism.

http://www.edmontonsun.com/2017/09/06/trudeaus-middle-class-mantra-shows-he-doesnt-get-it">http://www.edmontonsun.com/2017/09/06/t ... snt-get-it">http://www.edmontonsun.com/2017/09/06/trudeaus-middle-class-mantra-shows-he-doesnt-get-it

[Anonymous]

We know a family owned contracting business and they are very concerned about this..



Will there even be a middle class left after two terms of Trudeau.

[Angry White Male]

I'll be clear...  I do not like Trudope, and I did not vote for him.



However, as a small business owner, I know the implications of these tax changes.



And when I say that they won't really affect me, it should be a clear message that the abuse has gone on for long enough, with other businesses...



Mainly Doctor's and Dentists, but others also...  I can get into WHY they are so pissed off, but I can also explain to you why my business does NOT see any changes with these rules...

[Angry White Male]

Doctors and Dentists negotiated a TOTALLY biased and unfair deal (compared to the rest of us business owners) with the Federal government, giving them HUGE advantages over any other business owner.



In fact, many Doctors aren't even small business owners, in the true sense of the term...  They are employees moonlighting.



THAT is why they are whining...  They are now simply being brought inline with the rest of us business owners.



I can clarify more in depth, but that may be boring.

[Anonymous]

It's not only doctors and dentists that used them..



Farmers, contractors, and we know a distributor for a snack food company that did too..



The federal government is punishing middle class Canadians because they can't live within their means.

[Anonymous]

It's a stupid, job killing cash grab. Combine this with rising interest rates on a country with one of the highest consumer debt rates, over reliance on rising house prices, a looming carbon tax, a lack of will to get pipelines to tide water in the ground and massive deficits does not bode well for the future.

[RW]

It's a stupid, job killing cash grab. Combine this with rising interest rates on a country with one of the highest consumer debt rates, over reliance on rising house prices, a looming carbon tax, a lack of will to get pipelines to tide water in the ground and massive deficits does not bode well for the future.

Yeah I don't see how this is going to work out well in the end.

[Anonymous]

It's a stupid, job killing cash grab. Combine this with rising interest rates on a country with one of the highest consumer debt rates, over reliance on rising house prices, a looming carbon tax, a lack of will to get pipelines to tide water in the ground and massive deficits does not bode well for the future.

It only affects small business owners that incorporate, isn't that right?



I was surprised how many small business do that.

[Angry White Male]

Yes, it only potentially affects incorporated businesses, as mine is.



HOWEVER!  It does NOT affect my business at all.



Ask me why...



It doesn't seem like any of you really know much about incorporated businesses, and what they can pull...

[Angry White Male]

Yeah I don't see how this is going to work out well in the end.

You have no clue what you're talking about, and probably don't even know what the changes are.



The changes will NOT affect most legitimate businesses at ALL.



My business is not affected AT ALL!



Ask me why...

[Anonymous]

It's a stupid, job killing cash grab. Combine this with rising interest rates on a country with one of the highest consumer debt rates, over reliance on rising house prices, a looming carbon tax, a lack of will to get pipelines to tide water in the ground and massive deficits does not bode well for the future.

It only affects small business owners that incorporate, isn't that right?



I was surprised how many small business do that.

Yes, it's not uncommon. A couple of the changes are fairly significant too.

It does NOT affect my business at all.



Ask me why...

Nobody is interested.

[Angry White Male]

You people don't even know what the changes are, yet disregard my posts.



Eat my shit!



Signed, small business owner that knows more than you.