Saturday, September 09, 2017

Trudeau Piling More Taxes On Canadians!

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Canada's Being TAXED Out Of Existence! - Trudeau Raises Taxes AGAIN!
Published on Sep 7, 2017
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Nickel and diming Canadians
Rona Ambrose
Published on Mar 22, 2017
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Trudeau thinks small businesses are just tax avoidance schemes
Rebel Media
Published on Sep 9, 2015
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Commentary: Trudeau’s tax plan will hurt the middle class he claims to be protecting
By Tasha Kheiriddin, Radio Host, Global News
September 8, 2017
Prime Minister Justin Trudeau addressed a Liberal caucus retreat in Kelowna, B.C., on Wednesday, Sept. 6, 2017. THE CANADIAN PRESS/Darryl Dyck
“I want to be clear,” Prime Minister Justin Trudeau said at the Liberal party’s recent caucus gathering in Kelowna. “People who make $50,000 a year should not pay higher taxes than people who make $250,000 a year.”
Trudeau was defending the government’s proposed small business tax changes, which would eliminate such practices as business owners paying themselves dividends, sprinkling income among family members or holding certain investments — such as real estate — through a corporation.
These proposed changes have touched off a firestorm of protest from small business owners — and Liberal MPs are feeling the heat. So the PM and Finance Minister Bill Morneau are attempting to douse the flames by talking up “tax fairness” — something they figure most Canadians would agree upon. After all, taxation is supposed to be progressive — the more you make, the more you pay, right?
But that’s where they’re actually dead wrong.
WATCH: Finance Minister Bill Morneau on decision to make changes to the tax system
What matters isn’t how much you make. What matters is how much you take home — after expenses are factored in. For some professionals, these expenses are considerable. Doctors pay overhead, staff salaries (like Mr. Trudeau, they need someone to answer the phone) and other operating expenses. Female doctors even finance their own maternity leaves — a rich irony, given how this PM prides himself on creating policy through a lens of gender equity.
“You move the goal posts in the middle of the game,” Dr. Anita Sana recently told Trudeau, “and expect me somehow to be able to plan for my retirement, plan for maternity leave — which I will not be able to afford at this time — and I’m having to choose between having a family and being able to actually practise as a physician.”
Take-home pay also has to include the benefits received by workers — which, particularly if they are unionized, can be considerable, even for people in the middle of the income scale. Independent professionals don’t get any of these — a fact which makes Trudeau’s numbers game even more disingenuous.
WATCH: Justin Trudeau defends proposed tax reform changes
For argument’s sake, let’s compare two taxpayers. The first is an unionized Ontario teacher making $90,000 a year. She benefits from two months’ annual paid vacation, 11 fully paid sick days and one of the most generous pension funds in the country. She gets other perks as well: personal development training, free parking and the biggest perk of all — job security. She can retire with a full pension when her age and qualifying years add up to 85, which means that a teacher who has taught for 32 years since age 21 can hang up her Smartboard at 53.
The second taxpayer is a freelance communications professional making $90,000 a year. She benefits from … nothing. She has no paid sick days, no paid vacation, no pension plan. She has to pay for every paper clip, every computer upgrade, every tank of gas and every parking spot she needs to do her job. This takes a considerable chunk out of her take-home pay. She has no job security; she needs to hustle for work, fighting for clients and gigs in the real and virtual world, maintaining a web presence, networking constantly. She is staring 50 in the eye and doesn’t see herself retiring anytime soon.
But she’s not griping. Instead, she incorporates, which allows her to pay less tax. She deducts the items she needs to conduct her business. She pays herself dividends, which are taxed at a lower rate. She leaves some money in the corporation, which also is taxed at a lower rate. Those funds are directed to savings she puts away so that, like the teacher, she has security for a rainy day, or for when she retires. And whenever that day comes, and the money is taken out, it will be taxed, as income — with the government again getting its cut.
This taxpayer is not hypothetical. She is not part of the platinum-card 1 per cent. She is the voter Justin Trudeau claims to care about: middle class, raising a family, contributing to her community. Trudeau’s tax changes will not only make her worse off than her teacher counterpart (which is unfair), they also will hurt all the people and businesses she spends money on, from the computer repair guy to the lunch place she takes clients, because she will have to cut spending to make ends meet under the new rules.
Which is exactly what the government will not have to do. Make no mistake: The real motivation here is feeding the spending Leviathan that is the federal government. After pledging “modest” deficits of $10 billion, Trudeau has racked up $30 billion in deficits as far as the eye can see. So rather than buckle his belt, he wants Canadians to buckle theirs, under the guise of fairness.
But only some Canadians. The millions of taxpayers affected by the small business rule changes are low-hanging fruit. They’re easy to find and the Canada Revenue Agency will have no problem shaking them down.
The real big earners — the 1 per cent, people with deep pockets and clever lawyers, people who can move money to the sunny jurisdictions now flattened by Hurricane Irma — will carry on unscathed. If that’s this government’s definition of fairness, it needs a better dictionary.
Tasha Kheiriddin can be heard between noon and 2 p.m. ET on Toronto Talk Radio AM640. She’s also a columnist with Global News and iPolitics.ca, where this piece first appeared.
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Trudeau says tax changes aimed at ensuring wealthy Canadians pay fair share
Controversial changes to small business tax regime dominates discussion at Liberal meeting
By John Paul Tasker, CBC News
Posted: Sep 07, 2017
Prime Minister Scumbag
Prime Minister Justin Trudeau defended his government's proposed tax changes for incorporated small businesses during a press conference after a spirited caucus meeting in Kelowna, B.C., where talk over the controversial changes dominated discussion.
Trudeau faced angry doctors at a town hall in the B.C. Interior city Wednesday night. Many small business owners are frustrated with changes the government says will level the playing field between proprietors and wage earners and close "loopholes" used by some to lower their tax burden.
The current plan would curtail "income sprinkling" and end tax advantages for those who hold passive investments, such as stocks and real estate, in their small businesses.
  1. Trudeau faces doctors angry with small business tax changes at B.C. town hall
  2. Trudeau vows to stay the course on tax changes, but open to tweaks
  3. CMA head calls small business tax change a 'heart-wrenching' prospect for female doctors
The Conservatives have branded the proposals as an assault on small business, with leader Andrew Scheer accusing the prime minister of branding the country's incorporated professionals as tax cheats.
"These are good people, hardworking people, these are honest people who are being demonized by Justin Trudeau's Liberals just to pay for their out-of-control spending," Scheer said in a speech at the Tory caucus meeting in Winnipeg.
Scheer says he has no doubt that the prime minister moves in circles where many people do try to avoid paying some measure of taxes, but the Tories are talking to the plumbers and ranchers trying to create jobs and save for their families.
Asked Thursday about suggestions from some that the proposed changes will hit people earning less than $150,000 a year, Trudeau said the tax benefits of incorporation only kick in when someone has maxed out their RRSPs and tax-free savings account contributions each year — which limits the impact of the proposed changes to upper-income earners.
"Everyone knows, the middle class pay too much in taxes and the wealthiest don't pay enough. This is about levelling the playing field," Trudeau said.
Trudeau says tax changes aimed at wealthy Canadians4:06
Finance Minister Bill Morneau announced the tax proposals in July, kicking off a 75-day consultation process to elicit feedback. A hard deadline of Oct. 2 has been set for parties to participate in the process, with the government expected to introduce legislation in the fall.
Trudeau said the government will incorporate the feedback it heard from business groups, MPs and others as it considers the proposals this fall.
'Open to listening'
Health Minister Ginette Petitpas Taylor said Thursday she would have a meeting next week with the newly elected president of the Canadian Medical Association, Gigi Osler, to discuss the organization's concerns.
Osler told CBC News that doctors are genuinely concerned that tightening the tax regime could make it more difficult for women to practise medicine.
Petitpas Taylor conceded she has heard from many small businesses in her New Brunswick riding about the changes, adding the Liberals are committed to their plan but open to tweaks.
"No decisions have been made at this time," she said. "We're really open to listening."
More than 50 Liberal MPs had questions for Morneau during the closed door meetings this week, seeking clarity on how best to sell the plan to jittery constituents worried about their retirement nest eggs.
Morneau reiterated that the proposed changes would not be retroactive and would only be applied in the future to passive investments held in a small business. He also counselled MPs to double down on efforts to counter what he called a misinformation campaign by the opposition Conservatives, Liberal sources told CBC News.
At the news conference Thursday, Trudeau was also asked about the flood of asylum seekers into Canada. He said that while Canadians are open to immigrants, they expect newcomers to follow entry rules. He said there needs to be a distinction between economic migrants and legitimate refugees.
"I will continue to tout the benefits of Canada's immigration system ... but also its rigour," he said. "We've all heard the rhetoric of fear people are trying to play up over irregular arrivals."
Trudeau said the system has responded well to the waves of asylum seekers who have so far crossed the border.
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Scheer calls tax proposal 'crippling,' but Trudeau insists it won't affect those making less than $150,000
'If they knew, if they understood, if they cared, the Liberals would not be punishing local businesses and their employees with crippling new taxes,' Conservative leader Andrew Scheer told his caucus
Brian Platt
September 7, 2017
Conservative Party of Canada leader Andrew Scheer speaks, as Lisa Raitt, Alain Rayes, Candice Bergen and Chris Warkentin listen in, at his shadow cabinet meeting in Winnipeg, Wednesday, September 6, 2017. John Woods / The Canadian Press
With duelling Liberal and Conservative caucus retreats underway this week, the government’s proposed tax changes are quickly taking centre stage as each party tries to frame the debate.
The Conservatives are describing it as a debilitating punishment on small business owners and everyone else who gets tax advantages by owning a private corporation. The Liberals, meanwhile, argue it will only affect the wealthy who are using the corporations to avoid paying their fair share of income tax.
“If they knew, if they understood, if they cared, the Liberals would not be punishing local businesses and their employees with crippling new taxes,” Conservative leader Andrew Scheer told his caucus in Winnipeg, arguing the tax changes could lead to layoffs.
“We’re talking about the mom and pop businesses that sustain our communities. The cashier working at the hardware store down the street, or the college kid who just got his first job with the local landscaper.”
But speaking to a radio station in Kelowna, B.C., where the Liberal retreat is taking place, Prime Minister Justin Trudeau said the proposed changes only affect those with incomes high enough to exhaust the other options for tax-assisted savings.
“If you’re making $150,000 a year or less, you can max out your RRSPs, you can use the tax-free savings account,” Trudeau told radio station AM1150. “The private corporation route only really benefits people making more than hundreds (of) thousands of dollars.”
Later in the day, pressed on that claim by reporters, Trudeau stood by it.
“As soon as you start talking about the small percentage of people who have or who can max out both their RRSPs and their tax-free savings account, you’re talking about the wealthiest Canadians,” he said.
Both Trudeau and Finance Minister Bill Morneau have said this week that the government fully intends to go forward with the proposed changes, unveiled on July 18 for a 75-day consultation period.
Trudeau was twice asked if he might extend the consultation period, but he would only say that the government will consider making some tweaks in response to the feedback.
“Obviously the concerns we’ve heard from Canadians, what we’ve heard from caucus members, is an imperative to ensure that we are not affecting middle class families and middle class small businesses, and that’s exactly what we will stay focused on,” he said.
Warning of ‘two classes’ of taxpayers, Morneau stands firm on controversial tax overhaul plan
Nurses announce support of proposed tax changes that have doctors fuming
The government’s plan would bring in new restrictions on splitting income among family members through a corporation, keeping investment income inside a corporation to take advantage of lower tax rates, and converting dividend income into capital gains.
It’s sparked a furious backlash from small business organizations and professionals such as doctors who have long used corporations for tax planning strategies. Small business groups argue these tax advantages exist to offset the risks that entrepreneurs take and the lack of benefits they get compared to salaried workers.
A new Mainstreet/Postmedia poll, however, suggests most Canadians may not be bothered by the proposed changes. The poll, which surveyed 2,000 people through live interviews from August 28-31, found that 54 per cent believe high-income earners are currently paying too little in taxes.
By contrast, 55 per cent believe the middle class is paying too much in taxes and just 19 per cent think high-income earners pay too much.
“76 per cent of Canadians say tax loopholes are either a big problem (45 per cent) or somewhat of a problem,” said a statement from said Mainstreet President Quito Maggi. “Looking at these numbers it’s clear why the government is not backing down from their proposals.”
The poll comes with a margin of error of 2.19 percentage points, 19 times out of 20.
Scheer told his MPs Thursday that the party will fight hard to convince Canadians the proposal will be harmful to everyone, not just the wealthy.
“You tell me what’s fair about a landscaper who can’t hire more workers when these tax changes come into effect because his tax burden’s too heavy,” he said.
“There’s nothing fair about it and there’s nothing compassionate about it and Conservatives will fight this every step of the way.”
With files from Marie-Danielle Smith
• Email: bplatt@postmedia.com | Twitter: 
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