Income Tax Increase for Small Businesses

income tax

Our Canadian Liberal government wants to increase the income tax rate for small businesses.  As a small business owner, I cringe at the significance these proposed increased taxes have for me.

Like myself, many small business owners have risked starting a business based on a particular passion and taken many years to build a clientele and show a profit.  Tax breaks are few and far between making it possible to follow a dream and succeed, but rarely get rich.  Some years are good, others great, yet some not so good.  Proceeds from the good and great years must be used to subsidize the not-so-good years; you know the saying “save for a rainy day.”

Both owners and employees of small businesses are, for the most part, dedicated and passionate individuals that do not get benefits or pensions, or severance packages if the business goes under.  The absence of these “perks” creates a great risk for both the owner and the employees.  All these new tax rules will do is squash the dream of entrepreneurs with a passion whether the business is already up and running or still in the planning stage.

Does the Liberal government really believe that increasing the income tax levels of small business owners will significantly build their coffers?  The money gained will be a drop in the bucket compared to the massive national debt owed. They might want to look elsewhere for bigger fish and leave us little guys alone.

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One billion, in perspective

I received this message in an email from one of my clients and thought I would share it with you.  The message is an attempt to put the word billion in perspective for us here in Canada, but I think it applies to many countries in the world today…


The next time you hear a politician use the word ‘billion’ in a casual manner, think about whether you want the ‘politicians’ spending YOUR tax money.

A billion is a difficult number to comprehend, but one advertising agency did a good job of putting
that figure into some perspective in one of its releases.


A billion seconds ago it was 1959.


A billion minutes ago Jesus was alive.


A billion hours ago our ancestors were living in the Stone Age.


A billion days ago no-one walked on the earth on two feet.

A billion Dollars ago was only 13 hours and 12 minutes, at the rate our government is spending it!

Stamp Duty

Tobacco Tax

Corporate Income Tax
Income Tax

Council Tax

Unemployment Tax
Fishing Licence Tax

Petrol/Diesel Tax
Inheritance Tax

(tax on top of tax)

Alcohol Tax


Property Tax

Service charge taxes

Social Security Tax

Vehicle Licence / Registration Tax

Vehicle Sales Tax

Workers Compensation Tax

Carbon Dioxide Tax


Not one of these taxes existed 60 years ago and our nation was one of the most prosperous in the
We had absolutely no national debt.

We had the largest middle class in the world.
Mum stayed home to raise the kids.
Dad and teachers were allowed to discipline kids.

A criminal’s life was uncomfortable.

Boat people were kids sailing on the harbour.
What the hell happened?

‘Political Correctness’, ‘Politicians’, or both?’

I hope this goes around Canada at least 1 BILLION times!  
Please share!