The Finance Minister of Canada, Bill Morneau, has announced that the government is now targeting private corporations and fundamentally changing the way businesses are taxed. The Canadian government is focusing in on income sprinkling, earning passive investment income in a corporation, and converting a corporation’s ordinary income into tax-preferred capital gains. Effectively, the Canadian government is looking at itself first with no consideration whatsoever for the people or the economy. It is always about them just surviving. As for democratic processes, they rely upon tell the ignorant that they will get a free lunch if they tear those who create jobs into pieces.
This post was published at Armstrong Economics on Aug 7, 2017.
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