NEWS

CATA renews its call to the Minister of Finance for the federal government to set aside proposed new tax changes

CATAAlliance, (www.cata.ca) as Canada’s one voice for innovation lobby group, renews its call to the Minister of Finance for the federal government to set aside proposed new tax changes in favour of a comprehensive review of Canadian tax policy.

We reiterate the offer that should there be worrisome abuses of the current tax system, our advisors stand ready to work with the federal government to pursue ways to tighten the rules. Based on marketplace feedback, the current proposals are not the solution and are creating uncertainty for business owners and a lack of civility in public discussions.

While we appreciate the government’s public statements indicating an openness to tweaking the proposals, CATAAlliance members feel the significance of these proposals requires far more than a few tweaks.

CATAAlliance makes the following recommendations:

• Take these proposals off the table
• Launch meaningful consultations with the community to address any shortcomings in tax policy without unfairly targeting independent businesses
• Undertake a comprehensive review of the Canadian tax system with a view toward fairness and simplification for all taxpayers

We are part of Coalition for Small Business Tax Fairness now representing 63 business associations that support this approach to developing effective and fair public policy.

Related:

• New tax legislation would penalize entrepreneurs, stifle innovation, CATA says
• CATA helps lead coalition for tax policies supportive of entrepreneurship and innovation
• Ottawa entrepreneurs will suffer under proposed tax changes, tech advocacy group says
• Are SR&ED tax changes another punch in the teeth for Canada’s tech sector
• Employee versus Entrepreneur – Fair comparison
• Myths and Fact Sheet
• Innovation Leaders Speak Out on proposed tax changes: Ed Bryant, CEO, Sampford Advisors
• Innovation Leaders Speak Out on proposed tax changes: Paul Labarge, Co-Founder & Partner, Labarge Weinstein
• Innovation Leaders Speak Out on proposed tax changes: Michael Horne, Co-Founder, Meldrum Horne & Associates

About CATAAlliance

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The Canadian Advanced Technology Alliance (CATAAlliance) is Canada’s One Voice for Innovation Lobby Group, and is crowdsourcing ideas and guidance from thousands of opt in members in moderated social networks in Canada and key global markets. (No Tech Firm Left Behind)

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Contact: CATAAlliance CEO, John Reid at email jreid@cata.ca, tel: 613-699-8209, website: www.cata.ca, tags: Innovation. Leadership, Entrepreneurship, Advocacy