Drastic tax changes proposed by the federal Liberals’, which experts say will have a devastating impact on Canadian small business owners and farmers, will come under scrutiny during a townhall meeting hosted by Medicine Hat-Cardston-Warner MP Glen Motz Friday, September 22.
“Small business is the backbone of our economy, employing over 8.2 million Canadians (70.5%) of the total private labour force, but the government’s proposal to increase taxes on investment income for small business operators to 73%, will force middle class farmers and small businesses to spend more on compliance and red tape,” Motz stated. “I have heard from and met with numerous accountants, physicians, farmers, and a wide variety of small business owners, who are extremely concerned with the negative impact this proposal will have on our economy, escalated unemployment, and closure of small businesses.”
Featured speaker at the townhall, Official Opposition Shadow Minister of Finance, The Hon. Pierre Poilievre, says it is critical that small business people and the general population clearly understand the negative impact such tax changes will have on a community. “People spent years building their businesses. Now they feel like Justin Trudeau is treating them as nothing more than tax cheats. We should be asking how we can help them grow and succeed, not how we can tax them out of business,” he said.
Motz urges all small business operators, farmers, professionals and the public to come learn what this tax hike truly means, and what actions people can undertake to fight back.
Townhall details: Friday, September 22, 2017
Noon – 1:30 p.m.
Medicine Hat College Theatre