Props to Small and Medium Business.

15 Replies to “Props to Small and Medium Business.”

1. Liberal governments should never be an option in this day and age.

   1. The joke in BC when the NDP were in power years ago, but probably is still relevant.. “How do you start a small business in BC?..Start a big one”.

      1. Not quite…. “how do you manage a small business through it’s first anniversary in BC?” “Start a large business and keep it alive for a year.”

2. Not so fast. Expect the Grits to look for places to raise taxes on individuals to make any corporate cuts “revenue-neutral.”

   They will not, of course, levy the only tax that makes sense—a stiff tariff, of 50 percent or more, on goods made in communist China.

   President Trump is calling time on lazy owners of uncompetitive US businesses helping to build the Chinese war machine by exporting the industrial base. High time we did the same.

3. It’ll never work here. Remember what Rainbow Unicorn and his buddy Meauron called the middle class? A bunch of tax cheats, wasn’t it?

   1. Yes, they were all rich doctors, evading taxes by keeping their money in their professional corporations. What was NOT said is that said funds were to finance retirement. Unlike Messrs. Trudeau and Morneau (and, let us also mention, provincial politicians and highly-paid bureaucrats at all levels), they do not have access to gold-plated pension plans. And it’s not just doctors and similar professionals who were affected, it was any small business owner who was finally profitable enough to begin to accumulate funds for retirement. “Let them use RRSP’s”, you say? There’s a limit on the amount one can put into an RRSP (which is a durn sight lower than the amount being applied against government pensions), and – for a lot of small business owners, the opportunity to sock money away comes relatively late in life, after the business is essentially debt-free and he/she no longer has to put the family home up as equity for the necessary loans to keep the business afloat. So there is not time to “grow” the RRSP; better to keep the funds in the company and hope one’s investment acumen is sufficient to have those funds appreciate nicely.

      BTW, it is no doubt purely coincidence, but Morneau Shepell is a prime purveyor of individual retirement plans to small businesses – just the type of plan the government is trying to force owners of small businesses to purchase.

      1. It would be very interesting to see a comparison of maximum rrsp contributions available to small business owners since perhaps 2000 versus the pensions which politicians are ‘entitled’ to over the same time period. Plus what each would have had to contribute.

4. I read 8 or 10 comments at the bottom of the article. Is this the librano base? The cbc crowd? If it is there appears to be a shift away from the libranos. Not a real surprise because elections are about the economy. Even libranos don’t like being unemployed or being hit in the pocketbook.

   1. Even libranos don’t like being unemployed or being hit in the pocketbook.

      That’s why they want to retain power at any cost. Being unemployed or hit in the pocketbook means they lose their seats on the government gravy train, as well as no longer being entitled to their entitlements.

      Politics: it beats working for a living.

      1. They want to retain power at any cost because the alternative is being tossed into a cold jail cell north of 60, and having the keys tossed into the Arctic Ocean.

         There is no place for a Librano in Canada outside a prison where they are finally obliged to do the honest labour they refused to do their whole lives, and tossed in the hole without food, water, heat or light if they still refuse.

         They wonder where Canadians will get cheap consumer goods? That’s easy. The Chinese get it done in forced labour camps. If an iPhone can be assembled in a forced labour camp in China, it can be assembled in a forced labour camp in Nunavut.

5. Trudeau and Morneau cutting taxes? Never in a million years! Oh, to get re-elected? Sorry, I didn’t read the whole article.

6. Morneau will never do anything to bring the Canadian economy to par with functioning economies.

   Ever.

7. In the law of unintended consequences [he wasn’t supposed to win, darn it] Doug Ford may kill Bill Morneau’s tax grab on passive income.

   “Both Friesen [finance minister Manitoba] and Harpauer [finance minister Saskatchewan] say Morneau [Federal finance minister] has told them each province must choose whether to implement his tax change — and they want to know how complicated it would be if they ultimately decide not to follow Ottawa’s lead.”

   “Change could bring in $2.3B for Ottawa”.

   Not if Doug Ford opts out. Manitoba and Saskatchewan are nice provinces but Ontario is the big prize.

   http://www.cbc.ca/news/politics/passive-income-tax-morneau-provinces-1.4722122

   The irony is, if Ontario opts out, the largest tax increases will come from Quebec. Ha ha. Didn’t see that coming, eh Bill?

8. Don’t hold your breath. This is the government that is “standing up to a bully” (Trump) and about to get their economic teeth kicked in (tariffs) resulting in a considerable loss of tax revenue flowing into their coffers. Those coffers are empty and the deficit is growing so there’s no way they’ll implement any tax cuts. Quite the opposite, they’re intent on implementing a carbon tax to make things even worse.

   Only lefties could be this dumb.

9. Workers should not be forced to join some corupt Union in order to hold a job nor should they be forced to pay Union Dues to these Crooks