Michael Horne, Co-Founder, Meldrum Horne & Associates and recognized innovation advocate, shares his thoughts on the impact of the proposed federal tax changes with CATA CEO, John Reid. He speaks to the negative consequences of the proposed legislation on advancing Canada as a leading innovator. Of particular concern to Mr. Horne are changes to the treatment of passive income (e.g., retained earnings) utilized by small businesses to offset downturns, fund expansions and provide for retirement.
For further insights, please read our Open letter to Canadian Mayors and elected officials regarding the impact of proposed federal tax changes:
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