Ottawa to cut small business tax rate to 9% by 2019


mentalfloss
#1
Lefty, tax and spend, socialist Liberals have struck again!


Ottawa to cut small business tax rate to 9% by 2019

Ottawa announced its plans today to cut the small business tax rate from 10.5 per cent to nine per cent by 2019, as it attempts to quell a backlash to proposed tax reforms that have stung the Trudeau government.

The drop, first announced during the lead-up to the 2015 election campaign, would first lower to 10 per cent on Jan. 1, 2018, and then down to nine per cent on Jan. 1, 2019.

Finance Minister Bill Morneau's move to reduce the tax rate paid by small businesses comes at a time when his government is deflecting criticism of proposed tax reforms that have angered small business owners, who said the changes would hurt the same middle-class Canadians the government is purporting to help. Some premiers and Liberal backbenchers also objected to the reforms.

Ottawa to cut small business tax rate to 9% by 2019 - Politics - CBC News
 
Most helpful post: The members here have rated this post as best reply.
Mowich
Conservative
+5
#2  Top Rated Post
Nice little face-saving gesture by Morneau............but he is still under scrutiny for that French villa that he conveniently forgot to mention.
 
mentalfloss
+1 / -1
#3
Nobody cares about his French vanilla.
 
Twin_Moose
Conservative
+3
#4
So they are proposing to put a couple hundred dollars in the front pocket while taking thousands out the back pocket, sounds reasonable /sarcasm off
 
mentalfloss
-1
#5
It's actually the other way around.

In fact, whatever they are taking is literally pennies from the rest of us.
 
Twin_Moose
Conservative
+1
#6
Quote: Originally Posted by mentalfloss View Post

It's actually the other way around.

In fact, whatever they are taking is literally pennies from the rest of us.

If PMJT makes it through 2019 he'll come after your pennies next somebody has to pay for an economy that is based from the heart out.
 
mentalfloss
+1 / -1
#7
Yes, I also wish we weren't leading the G7 with record growth.

Oh, how we miss the days of Harper recessions.
 
Twin_Moose
Conservative
+3
#8
Doesn't the latest numbers say we are behind the U.S.
 
Jinentonix
No Party Affiliation
+3
#9
Quote: Originally Posted by mentalfloss View Post

Nobody cares about his French vanilla.

Well it's obvious you don't care about it and you sure are a nobody.

Quote: Originally Posted by Twin_Moose View Post

Doesn't the latest numbers say we are behind the U.S.

In every way. Makes you wonder what Trudope's been doing for the last 2 years.

Quote:

Lefty, tax and spend, socialist Liberals have struck again!

Hypocritical, douchebag neo-Liberals back-peddle on their middle class tax grab after serious blow-back from the middle class and Morneau's "innocent" mistake.
Kind of shitty when the bastards felt that only THEY were entitled to income sprinkling, eh?
I don't know why you defend the elite class so much, it's not like you're part of it or have a snowball's chance in hell of ever joining it.
 
TenPenny
+1
#10
Quote: Originally Posted by mentalfloss View Post

Nobody cares about his French vanilla.



You're probably the only one who feels that way. Certainly, the rest of Cabinet cares.
 
White_Unifier
+2
#11
I support lowering business taxes in principle. but I support balancing the budget even more. The idea should be to lower expenditure until we have a surplus and then cautiously lower revenues without while ensuring that the reduction does not result in a deficit. The Liberals are just as bad as the Conservatives it seems.
 
taxslave
Free Thinker
+2
#12
Quote: Originally Posted by mentalfloss View Post

Nobody cares about his French vanilla.

Wrong. Everyone cares that he lied about his assets. Probably lying about lowering the business tax as well. Unless he is raising some other tax to make up the shortfall since it is not likely trudOWE is going to change his spendthrift habits.

Quote: Originally Posted by mentalfloss View Post

Yes, I also wish we weren't leading the G7 with record growth.

Oh, how we miss the days of Harper recessions.

That we haven't done since Harper left.
 
IdRatherBeSkiing
+4
#13
So they get beaten up by their tax grab policies and their french villas, then they conveniently remember that they were going to lower the small business tax. Yep, pure co-incidence.
 
mentalfloss
-1
#14
Quote: Originally Posted by Twin_Moose View Post

Doesn't the latest numbers say we are behind the U.S.

No.


And Colpy's cowardly absence from this thread is duly noted.
 
petros
+2
#15
Quote: Originally Posted by mentalfloss View Post

Yes, I also wish we weren't leading the G7 with record growth.

Oh, how we miss the days of Harper recessions.

And you miss shopping on eBay with a CDN dollar at a buck eleven US under Harper.

Quote: Originally Posted by Twin_Moose View Post

Doesn't the latest numbers say we are behind the U.S.

Of course. We are always behind the US curve thanks to discount products at overinflated Unifor labour costs.
 
Walter
+4
#16
The only fair tax is a consumption tax, all other taxes should be abolished.
 
Angstrom
No Party Affiliation
+2
#17
Quote: Originally Posted by mentalfloss View Post

Lefty, tax and spend, socialist Liberals have struck again!


Ottawa to cut small business tax rate to 9% by 2019

Ottawa announced its plans today to cut the small business tax rate from 10.5 per cent to nine per cent by 2019, as it attempts to quell a backlash to proposed tax reforms that have stung the Trudeau government.

The drop, first announced during the lead-up to the 2015 election campaign, would first lower to 10 per cent on Jan. 1, 2018, and then down to nine per cent on Jan. 1, 2019.

Finance Minister Bill Morneau's move to reduce the tax rate paid by small businesses comes at a time when his government is deflecting criticism of proposed tax reforms that have angered small business owners, who said the changes would hurt the same middle-class Canadians the government is purporting to help. Some premiers and Liberal backbenchers also objected to the reforms.

Ottawa to cut small business tax rate to 9% by 2019 - Politics - CBC News

You lost youíre fuking mind over the nothing Duffy did. And now Morneau is caught doing worst and we didnít get a single peep from ya. You have zero credibility mentalflake.
 
Danbones
Free Thinker
#18
lol the carbon tax will suck up the money and they will all have new vacation homes

where it is warmer
 
mentalfloss
#19
Quote: Originally Posted by Angstrom View Post

You lost youíre fuking mind over the nothing Duffy did. And now Morneau is caught doing worst and we didnít get a single peep from ya. You have zero credibility mentalflake.

Don't you have a nuke to drop on humanity, Faux-Libertarian?
 
captain morgan
No Party Affiliation
#20
Cutting business taxes is corporate welfare
 
Curious Cdn
No Party Affiliation
#21
Quote: Originally Posted by captain morgan View Post

Cutting business taxes is corporate welfare

Imposing business taxes is economic suicide.
 
captain morgan
No Party Affiliation
#22
Yeah, I know... I just wanted to help out Flossy a bit
 
Angstrom
No Party Affiliation
#23
Quote: Originally Posted by mentalfloss View Post

Don't you have a nuke to drop on humanity, Faux-Libertarian?

The only nuk im droping right now, are on youíre credibly.
 
Walter
+1
#24
Quote: Originally Posted by Angstrom View Post

The only nuk im droping right now, are on youíre credibly.

Pretty small target.
 
Jinentonix
No Party Affiliation
#25
Quote: Originally Posted by mentalfloss View Post

Don't you have a nuke to drop on humanity, Faux-Libertarian?

Yeah, there's the standard deflection from Flushy that we've all come to expect. What about it Flushy? You practically lost your shit over Duffy but this, this is no big deal? You are unquestionably the biggest partisan hack I've ever run across.

And what's with you and the incessant need to label everyone. Are you a bigot or something?

Actually this is pretty hilarious. They've basically backpeddled on the tax hike and have decided to go the route of their campaign promise to cut the small business tax rate. But they REALLY mean it this time.

And all while the Libturds blew over $212,000 to produce a cover for their annual budget that will be collecting dust on some shelf for years to come. What a shrewd financial outlay by the Libturds.
 
petros
#26
He is a Dipper.
 
Angstrom
No Party Affiliation
#27
Quote: Originally Posted by Jinentonix View Post

And all while the Libturds blew over $212,000 to produce a cover for their annual budget that will be collecting dust on some shelf for years to come. What a shrewd financial outlay by the Libturds.

What was it Duffy claimed on his tax return ?
14 000$ For house expenses?

And Mentalflake lost his fuking mind for over 4 months posting about it like a maniacal fool.

Now Liberals spent 212 000 on a soft cover picture and we don’t here a peep from him.

#nocredibility
 
Hoid
#28
It wouldn't be half as funny if they didn't turn around and cut that tax rate they originally wanted to raise.
 
TenPenny
#29
And now, all of a sudden, they're changing the passive investing rules they were going to implement. Petros will be happy, he'll be able to have $50,000 a year in income from passive investments.


"He said the federal government will introduce a threshold for passive investment income of $50,000 a year, so small businesses can hold on to money for retirement and other purposes."
 
petros
#30
Doesnt matter, I already have personal.