The Liberals are going after people who incorporate as a business for tax planning purposes. The Liberals also promise to crack down on what they call income sprinkling or distributing income amongst family to bring taxable incomes down...
Where I come from, we call that working in the family business.
But working in the family business is now some sort of tax scam according to Justin Trudeau and his right-hand man, Finance Minister Bill Morneau.
But this is no crackdown on the wealthy, no matter what the chattering media class would have you believe.
This is a crackdown on the middle class and blue collar Alberta.
Let me tell you who incorporates and hires family: owner/operators of any small business.
And those folks are hardly working as it is.
Contractors are often the first to be laid off and they don’t qualify for EI.
Morneau is going after people like truck drivers, welders, plumbers, mechanics, carpenters, handymen, even some farmers- the overall crowd.
The Liberal’s new tax grab won’t hurt rich people. It hurts your neighbors, or maybe even you.
Rachel Notley’s carbon tax and Justin Trudeau’s looming carbon tax are already bleeding these people dry, either through direct costs to their businesses or by creating an artificial downturn in their industries.
But here come the Liberals in their suit jackets to pick their coverall pockets.