Logo
Home
language
隱私政策·服務條款

Canada Plans to Change Tax Rules for Small Businesses

Canada Plans to Change Tax Rules for Small Businesses

Canada Plans to Change Tax Rules for Small Businesses
A government official says Canada will change its tax rules a little at a time, starting with small businesses.
Many tax experts think Canada's tax system needs a big change to make it simpler and better.
A government member, Wayne Long, agrees that the tax system needs a review.
Long says people get frustrated when they hear about the tax code because it's too complicated.
Long thinks a total review of the tax code is necessary.
Long and the finance minister are talking to people across Canada about the budget.
The government wants to make Canada a good place for businesses to invest and grow.
A big company wants to invest in Canada, but it's waiting for the government to change its tax rules.
Sometimes, other countries are easier to work with than Canada, so the government wants to improve this.
The government needs to make it easier for big companies to invest in Canada.
The government has made some small changes to the tax system so far.
The government helped businesses by letting them write off new equipment and cut taxes for low-income people.
The government promised to review the corporate tax system, but it's not clear if that's still happening.
The finance minister's office won't comment on future tax changes.
The minister is focused on innovation, growth, and helping Canadian businesses.
The opposition party thinks the government hasn't done enough to change the tax system.
It's been 40 years since Canada last made big changes to its tax system.
The opposition party thinks the current tax system is hurting the economy.
The party thinks high taxes are scaring away businesses and successful people.
The party wants a task force to suggest ways to modernize the tax system.
Tax experts think simplifying the tax code will be a long and difficult process.
The government is committed to changing the tax system one step at a time.
The government is talking to small businesses to find out how to make the tax system easier for them.
The government wants to help small businesses by reducing their tax burden.
There's still a lot of work to be done on tax reform.
The president of the Canadian Federation of Independent Business is encouraged by the government's plans.
He thinks the government's actions will show if they're serious about helping small businesses.
He criticized the previous government's approach to helping small businesses.
The current tax system is too complicated and scares businesses, he says.
Tax experts think the layers of bureaucracy in the tax code need to be simplified.
Most experts think removing complexity from the tax system would mean ending special tax credits.
The government member, Long, knows that changing the tax code will require a balance between politics and economics.
Experts think a big change to the tax system might be better than making small changes one at a time.
One expert gave an example of how eliminating a tax break for small businesses could simplify the tax system.
Ending that tax break could be offset by giving small businesses more generous writeoffs for investments.
Any change that hurts someone will be unpopular unless they get something in return.
The president of the Canadian Federation of Independent Business doesn't support eliminating the small business tax deduction.
He thinks the income threshold for the lower tax rate should be raised to support small businesses.
Reducing taxes in one area means the government will lose revenue or have to raise taxes elsewhere.
Some experts think reducing the tax rate will stimulate growth and offset any loss in government revenue.
Stay informed with the latest news.
Get the latest news from Canada and around the world by adding Global News as a preferred source on Google.
Sign up for our daily email to get the top news stories from Canada and around the world.
Get the daily email for the top news stories from Canada and around the world.