NEW update on the Morneau small business tax changesCanadian Contractor
Zeifmans has plain language updates on the effect on YOUR contracting firm
Federal Finance Minister Bill Morneau has been at the centre of a political storm as his department attempts to introduce Small Business Tax Reform legislation.
When the storm dies down, the Federal Liberals will finalize their legislation and almost certainly make it into law (they have a majority government) sometime in the not-too-distant future.
We appreciate the assistance of Zeifmans – a leading Canadian tax and accounting firm – in explaining to our contractor readers how the tax changes might affect them.
The final legislation has not been drafted, but we know from previous versions of the plan some of the directions that the government intends to take.
To read Zeifmans’ original 4 part article on the proposed Morneau small business tax changes, please click here.