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Across the country, 35 organizations have united to form the Coalition for Small Business Tax Fairness, which opposes the federal government’s tax proposals that could potentially affect all Canadian-controlled private corporations.

Read: How proposed tax changes target income sprinkling

Participating groups in the coalition include Advocis, the Canadian Institute of Financial Planners, the Conference for Advanced Life Underwriting, Independent Financial Brokers of Canada and the National Exempt Market Association.

Read: Urgent: Talk to business clients ahead of income sprinkling measures

Concerned Canadians can comment on the proposals at fin.consultation.fin@canada.ca, but they have only until October 2.

“In 10 years at the Canadian Chamber, I’ve never seen an issue that has generated greater concern among our members,” says coalition member Perrin Beatty, president and CEO of the Canadian Chamber of Commerce, in a release. “To make matters worse, allotting only 75 days for comment in the midst of the summer holidays is not a consultation. It’s a stealth attack on farmers and family businesses.”

He says most of the chamber’s 200,000 members are small and medium-sized entreprises, and they’ll be contacting their MPs to say the proposals must be scrapped.

The coalition has presented a letter to Finance Minister Bill Morneau asking the government to take the proposals off the table and instead meet with the business community to address any shortcomings in tax policy affecting private corporations.

Also read:

Senate could study small biz tax proposals

Originally published on Advisor.ca
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Valerie Molina

As a tax attorney practicing for the past 18 years, there are no words to express my profuse disgust with the current federal liberal government and their proposed tax changes. Respectfully, the majority of Canadians made a violent mistake when they voted for an inexperienced, self absorbed,ski instructor as our prime minister – and this as oppose to an experienced, educated, no nonsense prime minister Harper who held this country together through economic hurricanes. It’s hard to say, but Canadians made their beds now they will lie in it. We can say we have a prime minister who takes great selfies and who’s first priority in office was to legalize cannabis.

Sunday, Sep 17, 2017 at 6:56 pm Reply

Joseph Bugyra

I’d support this if Mr. Morneau first creates a level playing field by treating all Canadians in the manner that members of the civil service are treated. Every person in this country funds Defined Benefit Pension Plans and full blown Healthcare programs for civil servants, bureaucrats and politicians through taxes applied at every level. I would think every Canadian deserves the same Healthcare, the same pension.

As a small business person, I have to weigh the impact on operating costs of hiring each employee. The government does not. As Mr. Morneau knows full well from his pre-political life, smaller private sector employers cannot afford to provide Defined Benefit Pensions, nor offer the same level of Healthcare support afforded to the Public sector.

For a small business person to duplicate public sector benefits into retirement he must generate a profit and savings well beyond the means of most small business owners. I don’t know many that have.

Friday, Sep 1, 2017 at 6:20 pm Reply

Gary Robertson

In 40 years of working this is one of the worst proposals attacking entrepreneurs and savers. Why work hard at all if your savings can be retroactively confiscated by changing the rules? There are two classes in Canada: those with indexed government pensions and those who are left to themselves and who must pay for for the indexed pensions for the public sector.
Marx/Lenin said that the best way to destroy capitalism was to destroy the “bourgeoisie”. These proposals are another step in that direction which will have long term negative consequences.

Friday, Sep 1, 2017 at 9:58 am Reply

Doug McCaw

This tax proposal is an assault on the foundation of the Canadian economy – small businesses of every kind, type and trusts. The Liberal party at all levels is dedicated to a redistribution of wealth through a mantra that has become well known – tax, borrow and spend. Remember, Liberals introduced the Capital Gains tax in 1972. A Gift/Estate Tax cannot be far off again (abolished in 1971 to make way for the bigger Capital Gains Tax). Everyone must contact their local MP.

Friday, Sep 1, 2017 at 8:56 am Reply