ACC update on taxation proposals for private corporations (small business)

The federal Finance department has made it clear it intends to make the most sweeping change to business taxation in nearly 50 years. The proposed changes to the taxation of Canadian Controlled Private Corporations (CCPC's) are simply bad policy.

Thousands of honest Canadians will be affected if the changes are implemented. Middle-class citizens' financial well-being and retirement plans will be undercut. The opportunities for small business owners going forward will be significantly limited. Why would these changes be proposed? Money. There is a substantial gain for the federal government if it can prey on small business owners.

A healthy environment for small business is a healthy environment for all Canadians.

The ACC and chambers across the country are advocating for an extension of consultation on this issue until after the next federal budget in 2018. With reasonable consultation that engages Canadians face-to-face, we are confident the federal government will acknowledge its proposal is not in the public interest. Personal stories explaining how these changes are unfair and unreasonable will be the most effective in advocating this issue and the case for an extension of the consultation period.

The ACC encourages chambers, business owners and the public to use these templates and sample messaging to support the communication of personal stories and this issue to MP’s: 

• A 3-panel double-sided document that can be copied, cut, and distributed to your members. We understand that most businesses are not aware of what these changes could mean to them.
• A template letter – into which we hope your members will supply their own stories and then send them to their appropriate Member of Parliament. http://bit.ly/2gdOHWZ
• Social media tweets and posts to get you started.