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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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Central votes ‘balloon’ under Liberals, a ‘misuse’ of the spending tool, says Conservative MP

MPs are right to question the ‘trend’ towards central votes that give government’s flexibility on spending, says PBO.

Indigenous Affairs Committee votes down motion to call Wet’suwet’en hereditary chiefs

'It’s a question of the Crown and its relations with Indigenous people and chiefs. It’s not a question of getting their views to a parliamentary committee,' says Green parliamentary leader Elizabeth May.

Guilbeault says feds ‘absolutely prepared’ to make tweaks to feds’ media aid package

News|By Beatrice Paez
Plus, the heritage minister says recommendations made by an expert broadcast review panel will be used to inform a forthcoming government bill, which he expects to table before the House rises this summer.

Canada returns to ‘complex’ spending system, after ‘failed’ attempts at reform 

The current budget system is an ‘embarrassment’ still in need of a revamp, say critics who hope a minority Parliament will give opportunities for opposition feedback and a better system.

Feds eyeing ‘social-distancing’ measures in response to growing concerns over coronavirus outbreak, health official says

News|By Palak Mangat
Foreign Affairs Minister François-Philippe Champagne says there's no plan to repatriate those asking to be repatriated from Iran amid the coronavirus outbreak.

Lead up to Buffalo Declaration ‘disingenuous’ to Alberta, national caucus, says Conservative MP Kusie

News|By Mike Lapointe
Pollster Nik Nanos called the release of the declaration 'a bit of a veiled threat, especially considering no one was given a heads up and it just came right out of the blue.'

‘A fundamental reset’: pollsters, Indigenous experts call for re-examination of feds’ approach to reconciliation

'There’s no solution here that gives the hereditary chiefs what they want that doesn’t blow the underpinnings of the Canadian regulatory process for reviewing infrastructure,' says pollster Greg Lyle.

MPs still figuring out feedback, as key decisions await Centre Block renovation project

The three-member working group set up by the House Board of Internal Economy in 2019 to oversee Centre Block’s renovation was disbanded with the last Parliament, and discussions are now underway on its successor.

American presidential election could define new U.S. envoy Aldona Wos’ time in Ottawa, say analysts

News|By Neil Moss
Aldona Wos is the second straight top Republican donor from a southern U.S. state that U.S. President Donald Trump has nominated as ambassador to Canada.
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