Liberals Driving Business Investments Out Of Canada

The Federal Liberal government in Canada is looking to come out with small business tax. It looks like the Justin Trudeau lead government is not in favor of business investments in the country. It is looking to get rid of the jobs out of Canada. The Prime Minister of Canada, Justin Trudeau, still is not looking for business developments in Canada. Many say that he is following an anti-business mantra.

The spring budget will see the Liberal government bring to the table a change in the taxation of the income earned by the Canadian-controlled private corporations (CCPCs). The proposal is made in such a way that many cannot understand it.

The main crux of the new law is that there will be some changes to the arcane tax laws like dividend gross-ups, refundable taxes, and credits. The end result of the new taxation law is that the taxes will be equal to all CCPC’s investment income. The tax will be different for the earning that a salaried employee gets.

Trudeau in his speech at the World Economic Forum in Davos in January said that many corporations are putting their quest for earning better profits in front of the welfare of the workers. In order to earn good profits, they avoid taxes. So, the government will look to drive away such business from its country.

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About the Author: Bob Cooper

Bob Cooper is Canadian Business Tribune''s senior editor. He is also a nationally syndicated newspaper columnist and a bestselling author. He lives in London Ontario and covers the intersection of money, politics and finance. He appears periodically on national television shows and has been published in (among others) The National Post, Politico, The Atlantic, Harper’s, Wired.com, Vice and Salon.com. He also has served as a journalist and consultant on documentaries for CBC and Global News . In 2014, he was the winner of the Society of American Business Editors and Writers' investigative journalism award, and the winner of the Izzy Award for Journalism from Ithaca College's Park Center for Independent Media. He was also a finalist for UCLA's Gerald R. Loeb Award and Syracuse University's Mirror Award. Before becoming a journalist in 2006, Sirota worked in Washington for, among others, U.S. Rep. Bernie Sanders, the U.S. House Appropriations Committee Minority Staff and the Center for American Progress.

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