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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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Parties close to agreement on voting plan, Parliament return, but committees prove sticking point, says Bloc MP

The Standing Orders have to be amended to allow MPs to vote remotely, and according to Bloc deputy House leader Christine Normandin, there’s agreement among parties for those changes to be made temporary.

Presidential election could change course on unilateral tariff use, but Canada-U.S. trade tensions will remain: experts

News|By Neil Moss
If Joe Biden wins the U.S. presidency, he will be constrained in the use of unilateral tariffs, say experts, while Donald Trump's re-election may leave Canada once again targeted by national security tariffs.

COVID-19 containment, economic recovery expected to drive fall lobbying

Lobbyists will also be keeping an eye on progress on the government's backlog of big-ticket legislation and regulatory reforms this session.

They’re back: 25 Members of Parliament to watch this session

Feature
With talk of a possible snap election, a continuing pandemic, and a minority Parliament to boot, the second session of the 43rd Parliament should be an interesting one.

‘The time is now’: limit gatherings to avoid future lockdowns, says Tam, as federal data projects more spikes in cases

News|By Palak Mangat
'All of us have the future in our hands in terms of the decisions we are making today,' says Health Minister Patty Hajdu.

No consensus on adoption of remote House voting, but parties agree legislative scrutiny necessary, says Samara report

News|By Beatrice Paez
As parties attempt to hash out a workable sitting plan, House administration has been working behind the scenes to test the voting app for potential glitches. 

PM should create permanent emergency preparedness cabinet committee, say experts, political players: be ‘prepared for the next natural disaster, terrorist act or health crisis is the objective’

News|By Mike Lapointe
A former national security adviser to the prime minister says 'if this country wants the national security agencies to worry about a pandemic, then they need to raise it on the list of priorities set by cabinet.'

‘These jobs are not coming back’: economists pour cold water on O’Toole‘s Canada First policy

‘Some people are going to win from a Canada-first policy. Most people are going to lose,’ says Queen’s professor Ian Keay.

Liberal tilt to the left could have electoral consequences for NDP, say pollsters

News|By Abbas Rana
The Liberals should be careful about the ‘recoil effect’ as some of their supporters could back away if they vacate the political centre, says pollster Nik Nanos.
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