Budget’s capital gains tax changes divide the small business community

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 13 sec. here
  • 49 min. at publisher
  • 📊 Quality Score:
  • News: 173%
  • Publisher: 92%

Canadian News News

Canada News,Breaking News Video,Canadian Breaking News

The new incentive, however, will not apply to a range of industries, including restaurants, hotels, the arts, entertainment, and professional services, such as doctors’ offices and small accounting firms

The federal government’s decision to change the way capital gains taxes work for small-business owners is drawing criticism for arbitrarily creating economic winners and losers.

. Mr. Kelly predicted small-business owners facing significantly higher tax bills will lobby hard for changes in the government’s approach. “On the entrepreneur side, they are going have a lineup of sectors screaming and yelling, with pitchforks.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in CA

Canada Canada Latest News, Canada Canada Headlines