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Tax The Rich Canada – Laws Are Going to Change

 

 

“Canada has the lowest small-business tax rates in the G7, without much competition.

You wouldn’t know it, from the fire and fury that has been aimed at Prime Minister Justin Trudeau and his Finance Minister Bill Morneau.

Their government has opened a consultation period on closing loopholes in the tax system that allow high earners to pass their income through a corporation, lowering their tax bill in the process by “sprinkling” their income to their adult children, putting the lower-tax cash in investment funds, or claiming that the income is a ‘capital gain.’”

Justin Ling and Vanmala Subramanian

 

 

 

 

Please follow the link to read the original article. Under Fair Use.

 

https://news.vice.com/story/the-rich-are-set-to-go-to-war-over-trudeaus-tax-changes

 

Written By Justin Ling and Vanmala Subramanian.

Source: VICE Money

 

 

 

 

“Will Prime Minister Justin Trudeau’s proposed tax changes soak the rich and help the middle class as the Liberal government has been saying? Or will they also harm small businesses with middling incomes, as critics contend?”

 

Erica Alini.

 

 

 

 

 

 

 

 

 

 

Please follow the link to read the original article. Under Fair Use.

 

Do Trudeau’s tax changes really only hit the rich?

 

Written By Erica Alini.

Source: Global NEWS

About Patrick Ireland

My name is Patrick Ireland, living in the Philippines with my wife and two daughters. I have been studying the web for over a decade. Now that I am 60 years old, I am starting to apply some of the knowledge that I have gained. "Learn from yesterday, live for today, hope for tomorrow. The important thing is to never stop questioning." -Einstein.

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