With the October 2nd consultation deadline quickly approaching, the PC Party of Saskatchewan is calling on both Prime Minister Trudeau and Finance Minister Morneau to show some common sense when it comes to the Federal Governments proposed tax changes.
PC Party Leader Rick Swenson said, “As Canadians, we have always prided ourselves on having an income tax system which provided the necessary funds to make our society what it is today.
We've also believed that it is good for people who are risk-takers to succeed and by succeeding, provide employment opportunities for other Canadians. For decades, small businesses and farmers have been managing under the tax rules that are available, allowing them to be innovators, risk-takers, investing in our economy, creating jobs for Canadians, and most importantly, giving them the opportunity to pass on their farms and businesses to the next generation”.
Mr. Swenson went on to say, “however, the reality is that there are those businesses, which are driven to incorporate primarily on advice from their accountants and tax lawyers. I would suggest this is where the government's "one-size-fits-all" approach to tax reform is badly thought out. For example, comparing doctors, dentists, lawyers and accountants where intergenerational transfer is usually not an issue, to farmers and small businesses, is a wrong-headed approach in my view”.
In conclusion Mr. Swenson said, “If the Prime Minister and Minister of Finance truly want fairness in our tax system, then they should have the courage to set their sights on those sectors and categories of people who may have an unfair advantage and not target our farmers and small businesses unfairly.”