If your business is incorporated, then you could be facing a larger tax bill and big compliance costs from the government’s new proposals to change the way corporations are taxed. Help fight these policy changes.

Here are three things you need to know about the tax changes proposed by the federal government:

1. Do you employ family members? The government wants to scrutinize their compensation to apply a much higher tax rate on income they consider “unreasonable”.

2. Do you invest the profits from your business? The federal government is proposing to tax that income at an effective rate of 70%.

3. Do you want to pass your business on to your children? Tough new rules make it difficult for younger kids to get the capital gains exemption. They could be double-taxed.

Find out More - KPMG has an excellent presentation to help you understand the potential impact of these changes. Download Here

Sign the petition! Add your voice to the feedback to the Federal Government that businesses CAN'T afford these changes!

Official online petition 

The Chamber Encourages You to CALL YOUR MP!

Contacting your Member of Parliament's Office directly by phone is one of the most effective way to log a protest against the changes.

Tell your MP "My business can't afford these changes! Stand up for small business in Canada."

Find your MP's office using this online tool

Darla Lindbjerg, CEO of the Saskatoon Chamber, Shares Her Thoughts on the Brent Loucks Show September 13th
Check this out on Chirbit

Follow Darla on Twitter for her updates on this policy initiative 

Help join the fight against these changes! Submit your comments to help us with our feedback to the Federal Government on your behalf. 

Saskatoon Chamber of Commerce


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