Finance Minister Bill Morneau is meeting with Liberal backbenchers and is expected to unveil changes aimed at quelling criticism of his controversial small business tax reform proposals.
In Washington, D.C. yesterday, Morneau hinted at those changes, and what he wants to tell his Liberal colleagues about his revised tax plan.
Get daily National news
The initial plan was to end measures which Morneau said have allowed wealthy people to use incorporation as small businesses to unfairly reduce their income tax burden.
READ MORE: Liberals to reveal changes to small business tax reforms following backlash
But critics complained the reforms would hurt the very middle class Canadians the Trudeau government insists it’s trying to help.
- ‘The right direction’: Saskatchewan applauds direct-to-consumer alcohol sale agreement
- Saskatoon traffic snarled as city records 5th known overpass strike of 2026
- GTA environmental group nears milestone of 10 million litter pieces picked
- ‘I’m not leaving’: Some B.C. residents vow to defend homes from wildfires
Sources, speaking on condition of anonymity, say Morneau wants to demonstrate to anxious Liberal MPs that he’s heard their concerns about his tax reform plan and is addressing them.
The changes are expected to ensure the reforms are targeted more clearly at the wealthy.
Comments
Want to discuss? Please read our Commenting Policy first.