News

  • Proposed Federal Tax Changes

    Background


    On July 18, 2017, the Government of Canada's Department of Finance announced proposed changes for the taxation of family businesses. These changes will affect private Canadian corporations and their shareholders - including those in the real estate and construction industries. If enacted as currently proposed, several tax benefits will no longer be available.

    SCA has partnered with MNP to provide members with an overview of these changes, and the answers to some FAQs.
    SCA has sent a
    letter to the Hon. Bill Morneau, Minister of Finance, regarding our stance on these changes.
    CCA has joined with a business association coalition which has also sent a
    joint letter to the Hon. Bill Morneau.
    The federal government is accepting feedback until October 2, 2017.

     

    Here's What You Can Do...


    To most effectively add to the chorus of opposition to these proposals, we are asking members to send the attached template to the Finance Minister, copying the Hon. Ralph Goodale, Andrew Scheer, your Saskatchewan MP, and the SCA. A table with all contact information to do so by email or letter mail can be found here.
     
    The template can be placed directly into an email, on your letterhead, or edited as you see fit.
     
    We do recommend you personalize the template for maximum impact with elected officials and their advisors. Some basic details you may consider adding include specific impacts to your ability to save, invest, grow, or sell your business to fund your retirement.
     
    Thank you for your support in our work to oppose these changes. If you have comments, questions, or concerns please contact John Lax ant the SCA at 306-525-0171 or johnl@scaonline.ca.

    What Else Can You Do?


    The North Saskatoon Business Association (NSBA) is hosting a rally in opposition to the proposed federal tax changes this Thursday, and are encouraging anyone interested to attend.
     
    Date: Thursday, September 21, 2017
    Time: 12:00 PM - 1:00 PM
    Location: Saskatoon Funeral Home Parking Lot,
    338 4th Avenue North, Saskatoon
     
    The flyer is available here.
    For more information, please contact the NSBA at 306-242-3060 or info@nsbasask.com.

     

Associations