Finance committee  We've said right from the beginning that we are on board to work with government on any necessary tightening of tax rules to ensure that there aren't abuses by business owners. I do wish to defend, though, the so-called income sprinkling. One of the things that is very difficult

Finance committee  Well, look, there are two things on that front. One, I think, is the challenge of determining for the CRA what is an appropriate contribution for the test that might be used, the reasonableness test. To be fair, there is a reasonableness test now that the CRA does implement.

Finance committee  The challenge we have is twofold. One is that the additional measures that the proposals are intending to bring we think are going to eliminate or reduce the amount of opportunities for younger people to get involved, even in a small way, in the family business. We do worry abo

Finance committee  We do, and that's certainly one of the examples we brought forward to you on behalf of the coalition. Small businesses already start from a disadvantage when they are seeking financing. One of the reasons the small business corporate tax rate was created in the first place was to

Finance committee  Yes. In fact that has been our exact recommendation. Look, I get and respect that there are challenges. There are situations, including the situations affecting Canadian-controlled private corporations, where a government may need to tighten some of the rules. We've never sugges

Finance committee  Yes. I think that's certainly the case. We are deeply worried that this is going to create a whole...it is mixing up the Canadian tax system for businesses and turning it on its head after about 40 years, with very limited.... I appreciate that there is some consultation, but it'

Finance committee  To conclude, tomorrow we're sending a letter to all MPs on behalf of the coalition. It is directed to the Minister of Finance. The purpose of the letter is to challenge the assumptions and the justification being used for these particular changes. It is highlighting—and showing

Finance committee  Thanks very much. John and I will share the presentation. I did wear a different suit this week, Chair, just to try to throw you off, but it didn't work. I am here today not in my capacity as head of the Canadian Federation of Independent Business, but as a member of the Coalit