the liberation loophole

going--nowhere-fast  asked:

Ugh I keep arguing with my parents over the tax increase and I'm just wondering what you think about it... for reference my dad owns a small business and he's in medical care, and he's upset because... he doesn't want to pay taxes I guess? And I support the increase because the government needs the money and they can't exactly take it from minimum wage workers.

There is no tax increase.

The Liberals are closing tax loopholes which have been abused by many high income people. Stuff like sending money to their children to avoid paying taxes on a company.

I really can’t see much to complain about. Canada has the lowest small business tax rate in the G7 by a pretty wide margin. Removing these loopholes isn’t going to drastically harm businesses.