Federal Budget: SMES call for tax fairness

Photo archives Agence QMI, JOEL LEMAY
The senior vice-president and national spokesperson for the canadian Federation of independent business, Martine Hébert

QMI agency

Wednesday, 14 February, 2018 07:00

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Wednesday, 14 February, 2018 07:00

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MONTREAL | The small and medium-sized enterprises (SMES) of Canada, demand that the next federal budget gives a place to the tax equity and clarification on the tax changes planned by Ottawa.

• READ ALSO: Ottawa will table its new budget on February 27

In a press release issued Wednesday, the Coalition for tax fairness to the SMES acknowledged that the government has clarified its position since the fall, but believes he could do even better.

“[Small business owners] are very few in number, to understand how to operate the new rules on the distribution of income”, argued, inter alia, the senior vice-president and national spokesperson for the canadian Federation of independent business (CFIB), Martine Hébert.

Of the new measures on passive investments, which are expected to be announced in the budget, concern to the Coalition, since they may “limit the ability of SME owners to put money aside for major investments, thus creating barriers to innovation and to economic growth”.

“If we really want to foster the growth and prosperity of SMES, which are the engines of our economy, we should analyze and thoroughly review the domestic tax system. The federal budget for 2018 is for the government the ideal opportunity to take this commitment to the business owners,” added the president and chief executive officer of the Canadian Chamber of commerce, Perrin Beatty.

The Coalition for tax fairness to the SMES is made up of more than 70 canadian organizations, who represent hundreds of thousands of businesses.