At last week’s Liberal caucus retreat in Kelowna, B.C., Prime Minister Justin Trudeau stated that the tax rules applying to private corporations need “tweaking.” He also said that proposed tax changes introduced on July 18 are aimed at those earning more than $150,000 annually. Here’s the reality: Talk to any tax professional and you’ll understand that these proposals represent perhaps the most significant overhaul to our tax law that we’ve seen since 1972. Tweaking? Hardly.
To read the entire article click here.