Tag Archives: Small business

Federal Tax Proposals – Another Blow for Small Business Capital-Raising (IIAC Blog)

Federal Tax Proposals – Another Blow for Small Business Capital-Raising (IIAC Blog)

On July 18, 2017, the federal government unveiled proposed changes to address tax planning strategies involving the use of private corporations. The government is concerned that so-called wealthy Canadians are exploiting tax “loopholes” and the tax system must be made more fair. This is highly misleading. Business owners are following existing tax rules that are legislated, clear and in effect for decades.

The tax proposals have created a firestorm of protest. In my latest Letter from the President, I focus on the proposed tax treatment of passive investment income in private corporations and the potential … Continue reading

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Unlock Private Capital to Kick-Start the Economy (IIAC Blog)

Unlock Private Capital to Kick-Start the Economy (IIAC Blog)

In an article in Policy Options – the Institute for Research on Public Policy (IRPP)’s flagship publication – I presented a three-pronged approach to unlock private capital to kick-start the economy.

First, we need a plan to help small businesses raise equity capital to promote entrepreneurship and kick-start the economy.

Second, we must draw private capital to invest in infrastructure, especially for smaller and medium-scale projects (i.e. under $200 million) that are not as attractive for large pension funds because of their relatively small investment scale.

Third, we need to encourage private savings for retirement.

Canada … Continue reading

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