Tax Legislation Official letter to PM

 

September 27, 2017

Prime Minister Justin Trudeau;

Minister of Small Business Bardish Chagger;

Minister of Finance Bill Morneau;

Member of Parliament Sheila Malcolmson, Nanaimo Ladysmith;

Member of Parliament Gord Johns, Courtenay-Alberni;

Re: Opposition to Proposed Upcoming Federal Tax Legislation Changes

The Greater Nanaimo Chamber of Commerce wishes to register its disappointment in the lack of meaningful consultation prior to committing to major changes outlined in tax legislation currently tabled in the House or awaiting legislative language and activity at the Committee level.

Belief in the philosophy and the very culture of entrepreneurship in Canada is at stake. At issue are the accepted, legitimate, and legal mechanics that have for decades defined the sacrosanct relationship between government and small business. If the federal government continues down this path, what we risk compromising is small business’s ability to “do what we do”: meaningfully fund the local soccer team, hockey team, rotary clubs, hospital, hospice, soup kitchen and food bank. Thus, these changes not only threaten the “golden goose” of Canada’s economy, but are also poised to undermine small business’s role as cornerstones of Canada’s communities.

 

We echo others with our respectful request that the Minister consider:

1) extending the unreasonably short consultation period beyond 75 days (noting that the last such changes of this magnitude, forty years ago, involved a two-year consultation period); and

2) referring the entire conversation on tax modernization and simplification to a non-partisan Royal Commission and give this issue the attention it deserves;

3) including stakeholder input involving the 70+ organizations like ours that belong to the Canadian Business Taxpayers Fairness Coalition in future recommendations.

 

We are writing confident in the support of 90{3236bfe566a0d68e2245ffbb9d220fc7554709fab7d664768e3da2edc73a1bc9} of our membership of 700 who qualify as ‘small businesses’ — the backbone of our community!

 

KIM SMYTHE, CEO & President per

GREG PHILLIPS, KELLY WHITTON,
Co-Chairs on behalf of the unanimous support of the Board of Directors for this action.

 

Proposed Federal Tax Changes – Deadline Oct 2nd for feedback

5MinsforBiz

TaxAttackonSmallBiz

template letter_August 25

Watch the Video Meeting with Nanaimo Chamber of Commerce

Businesses across Canada are speaking out against proposed federal tax changes that seriously threaten the future of small businesses, the medical and dental professions, farmers, and family businesses. The government has set a deadline of October 2, 2017 for feedback.

We’re inviting businesses throughout the region to provide us with case statements of how these changes might affect their businesses and their lives. We’ll be sharing this with Nanaimo-Ladysmith MP Sheila Malcolmson, and the NDP’s Critic for Small Business & Tourism, Gord Johns Member of Parliament for Courtenay-Alberni. We are also working in concert with the Canadian Chamber of Commerce who have an action plan in place targeting the Minister of Finance.

Here are links to white papers outlining the issues (prepared by MNP) for more information, a link to a news segment on Global television, a link to the video of our round table event with Sheila Malcolmson on September 6, a PDF of a Canadian Chamber statement, the Nanaimo Chamber media release issued September 8 and a template letter you can use to submit your concerns to your local MP, or submit to the Chamber to use in our communications with the federal government through our MP and to the Canadian Chamber to bolster their efforts on behalf of thousands of Canadian businesses.

Summary Paper – Department of Finance Proposed Changes for Canadian Entrepreneurs

http://www.mnp.ca/en/posts/department-of-finance-proposed-changes-for-canadian-entrepreneurs

Income Sprinkling: How the Proposed Legislation Impacts You and Your Business

http://www.mnp.ca/en/posts/income-sprinkling

Tax Rule Changes: Impacts on Passive Investments, You and Your Business

http://www.mnp.ca/en/posts/tax-rule-changes-impacts-on-passive-investments-you-and-your-business

Global News:

http://globalnews.ca/video/3723450/prime-minister-trudeau-wont-back-down-on-controversial-tax-changes