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Opinion

Private corporation tax proposals could make financing conditions worse for small business

By Ian C.W. Russell      

The government’s proposed measures will discourage the specialized large private corporations from undertaking advisory and financing activities in the small business sector.

Minister of Finance Bill Morneau, pictured May 16 leaving the National Press Theatre in Ottawa where he announced the government is willing to 'provide indemnity' to any investors to ensure the Trans Mountain pipeline is built. The Hill Times photograph by Andrew Meade

Last summer, the federal government announced a series of tax proposals aimed at making private corporations “pay their fair share of tax.” After a contentious consultation process, a revised version of the new rules came forward in the February 2018 budget. The reaction to the budget proposals has been relatively muted, and, on balance, positive, largely because the proposals shelter small businesses qualifying for the small businesses deduction from the proposed increase in the effective tax rate on passive income, and because the government announced plans to lower the small business tax rate to nine per cent by 2019.

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Wilson-Raybould reflects on reconciliation, SNC-Lavalin affair in new book

News|By Palak Mangat
At more than 200 pages, Jody Wilson-Raybould’s book draws on speeches, lectures, and other pieces on Indigenous issues she’s penned over the last 10 years.

Liberals gambling on help from provinces to fulfill new daycare promise

The $535-million pledged won’t cover all of the costs of the Liberals’ promised daycare reforms.

‘I didn’t think it was racist at the time,’ says apologetic PM, confirming he will not step down amid scathing ‘brownface’ Time report

News|By Mike Lapointe
The Prime Minister, who told reporters he only found out the story was breaking hours before, says he's 'going to be asking Canadians to forgive me for what I did.'

Pakistani envoy urges Canada, world to be ‘more forceful’ with India on ‘humanitarian disaster’ in Kashmir

Pakistan has ‘regularly’ raised the issue with Canadian counterparts, says Raza Bashir Tarar, but the ‘festering’ situation in the ‘highly charged’ region is only getting worse.

First debate a dress rehearsal PM hopefuls needed to prepare for prime time, say pundits

One thing is clear, marketing experts say Andrew Scheer will have to be more animated when he debates against Justin Trudeau, especially with his former leadership rival, Maxime Bernier, now in the mix.

Liberal, Conservative campaigns ‘at war,’ Scheer ‘vigorously swinging to land a punch’ on Trudeau: pollster

News|By Abbas Rana
It's only week two of the campaign and already the Liberals, Conservatives, NDP, and the Greens have all had to drop candidates over offensive or controversial past remarks.

Powerful Senate committee owes public answers on harassment plans, Meredith report, say Independents

Conservative Sen. Denise Batters says it was necessary to discuss matters in private to protect the confidentiality of victims, while Independents say it would have been possible to strike a balance and be transparent.

Savoie’s new ‘magnum opus’ book argues federal public service has been ‘knocked off its moorings’

News|By Mike Lapointe
A culmination of three years of work, the book takes stock of challenges facing Canadian democracy, including the decline of Cabinet government, centralization of the PMO, and 'fault lines' in the public service.

Arctic policy framework released ‘last minute’ ahead of October election, say experts

News|By Neil Moss
Liberal MP Larry Bagnell says he thinks the timing wasn't due to the federal government's framework on the Arctic and Canada's North being rushed, but rather waiting on territorial partners co-developing the package.
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