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

mentalfloss

Prickly Curmudgeon Smiter
Jun 28, 2010
38,330
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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
 

Mowich

Hall of Fame Member
Dec 25, 2005
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Nice little face-saving gesture by Morneau............but he is still under scrutiny for that French villa that he conveniently forgot to mention.
 

Twin_Moose

Hall of Fame Member
Apr 17, 2017
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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

Prickly Curmudgeon Smiter
Jun 28, 2010
38,330
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It's actually the other way around.

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

mentalfloss

Prickly Curmudgeon Smiter
Jun 28, 2010
38,330
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Yes, I also wish we weren't leading the G7 with record growth.

Oh, how we miss the days of Harper recessions.
 

Jinentonix

Executive Branch Member
Sep 6, 2015
8,070
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Nobody cares about his French vanilla.
Well it's obvious you don't care about it and you sure are a nobody.

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.

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.
 

White_Unifier

Senate Member
Feb 21, 2017
7,300
1
36
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

Hall of Fame Member
Nov 25, 2008
32,959
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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.

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

Satelitte Radio Addict
May 28, 2007
12,850
442
83
Toronto, ON
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.
 

petros

The Central Scrutinizer
Nov 21, 2008
96,840
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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.

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

Hall of Fame Member
Jan 28, 2007
34,825
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The only fair tax is a consumption tax, all other taxes should be abolished.
 

Angstrom

Hall of Fame Member
May 8, 2011
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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 you’re fuking mind over the nothing Duffy did. And now Morneau is caught doing worst and we didn’t get a single peep from ya. You have zero credibility mentalflake.
 

Danbones

Hall of Fame Member
Sep 23, 2015
23,866
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lol the carbon tax will suck up the money and they will all have new vacation homes
:)
where it is warmer
 

mentalfloss

Prickly Curmudgeon Smiter
Jun 28, 2010
38,330
115
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You lost you’re fuking mind over the nothing Duffy did. And now Morneau is caught doing worst and we didn’t get a single peep from ya. You have zero credibility mentalflake.

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