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Latest News

Workplace Legislation for Farms

Workplace Legislation for Farms 

This information sheet answers some of the frequently asked questions by members of the agricultural community regarding the new legislation. 

pdfWorkplace_Legislation_for_Farms_FAQ.pdf

2017 Budget Update and Proposed Changes to Small Business Taxation

2017 Budget Update and Proposed Changes to Small Business Taxation

Join us for the 2017 Budget Update and Proposed Changes to Small Business Taxation seminar on November 22nd at the Strathmore Travelodge along with the Strathmore & District Chamber of Commerce & Community Futures Wild Rose! Tickets are $10.00 each with 50% of sales donated to the Strathmore and Wheatland County Christmas Hamper Society! Tickets available online at  http://strathmoredistrictchamber.com/chamber-events-2/

GHA Invitation

Update on Proposed Tax Reforms by the Liberal Government

Martin Shields, our Member of Parliament for Bow River, will be hosting a Town Hall meeting with the Honorable Pierre Poilievre, the Conservative Shadow Minister of Finance, this coming Saturday September 23rd, 2017 form 9:00 AM to 10:00 AM at the Strathmore Civic Centre.  If you own a farm or a small business, the proposed tax changes may impact you.

See below link for the invitation to attend this meeting.

http://martinshieldsbowriver.ca/asides/tax-increase-event

Hope to see you there.

Private Corporation Tax Reform Concerns

The new tax policies announced by the Canadian Federal Government on July 18, 2017, result in doubling (or even tripling) income taxes on small businesses. This discourages entrepreneurs and hurts businesses in every industry by strongly discouraging participation in this highly productive sector of the economy.

We are very concerned at the impact these changes will have on our clients and the economy as a whole.  We encourage you to take action should you also disagree with the proposals.  We have included links for your reading.  The first link is a Government outline followed by several expert opinions on the impacts that these changes will have on hard-working entrepreneurs.   Below those please see a link to a template for a sample letter that we encourage you to send to your local MP.

In addition, you can sign an online petition (change.org) initiated by Joseph Devaney, a tax consultant and tax advocate from Edmonton. Please follow this link:

https://www.change.org/p/honourable-minister-of-finance-bill-morneau-extend-consultation-period-for-proposed-changes-private-corporation-taxation-7-18-17

In the Bow River electoral constituency, the MP is Mr. Martin Shields 

 

Contact info

403 - 2nd Avenue West, Suite 2

Brooks, Alberta

T1R 0S3

Telephone: 403-793-6775

Toll Free: 1-844-241-0020

E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Links

Federal Proposal

https://www.fin.gc.ca/n17/17-066-eng.asp

Expert Opinion

http://moodysgartner.com/private-corporation-tax-proposals-unquestionably-harm-middle-class-business-owners/

http://yaleandpartners.ca/resources/trudeaus-proposed-tax-changes-devastating-effect-on-small-business/?lipi=urn%3Ali%3Apage%3Ad_flagship3_feed%3BVmelBw1WRLOoSRJ9MRTgVQ%3D%3D

http://connorsstilwell.com/viewpoint-meaningful-questions-must-answered-tax-reform-private-corporations-implemented/?lipi=urn%3Ali%3Apage%3Ad_flagship3_profile_view_base_recent_activity_details_all%3BlVoeUN8uS7CBIGP8GC4CLw%3D%3D

https://docs.google.com/document/d/1RTTSXajUjEnpu8b0msBhTeQ2jnlrTKOAXSQpHQv0CPw/edit

http://nationalpost.com/news/politics/after-the-fall-harvest-canadian-farmers-could-face-huge-tax-hit-from-new-rules

http://www.cfib-fcei.ca/english/article/9533-federal-tax-changes-add-new-threats-for-independent-business.html

SAMPLE LETTER

Dear Mr. Martin Shields M.P.:

I have been educating myself about the new tax legislation proposed by the Federal Government on July 18th, 2017, and I am deeply concerned. The proposals are essentially punitive to small businesses - the lifeblood of the Canadian economy. I don't believe that tax-grabs from Canadian families of up to 93% are fair.

These proposals will compel many small business owners to close or relocate their operations from Canada. They will kill jobs in our community. I'm worried that the loss of Canada's brightest talent, including doctors, engineers, and tech entrepreneurs, will cause lasting harm to our economy.

·         Are small businesses valuable to the Canadian economy?

·         Does starting a business entail considerable risks and costs?

·         Why should businesses take those risks?

·         Do tax policies change behaviour? And tax policies of alternative countries?

·         In a punitive business environment, where will productive employment come from?

·         With the prospect of 60%-110% tax rates, why would a business choose to grow in Canada?

The seriousness of these proposals will weigh in on my vote in 2019. I implore you to represent these concerns for the sake of our country. Each day that passes under the threat of these proposals wreaks more damage to businesses.

CRA Direct Deposit

The Government of Canada is switching to direct deposit for all payments that it issues. Direct deposit is convenient, reliable, and secure, and it saves taxpayers money!

Please visit the CRA website here to learn how to sign up for direct deposit if you are an individual or business.