Proposed Changes to Leave Canadians Feeling Sick?
Dear TPC Financial Group Ltd. clients, associates, and other interested professionals,
TPC Financial Group Ltd. works with professionals and business owners across Canada. Many of you might also be aware, while we service clients in all corners of the country; we ourselves are a family-run business. As such, we are acutely aware of the challenges and sacrifices that business owners are faced with on a day-to-day basis.
While we have done our best to use public platforms to spread information that can inform the general population, there remains a public perception that business owners are actively avoiding taxes and are not paying their “fair share”. While our last few articles have detailed the financial implication of these changes, our most recent article outlines the potential impact for those not directly affected by the proposed legislation.
IMPACT ON CANADIAN HEALTHCARE SYSTEM
While changes would impact small business owners all across Canada, physicians will arguably be impacted the most. Many small business owners will be able to lessen the blow of any new legislation by increasing fees and passing on the cost to consumers, however, the majority of physicians simply cannot increase their fees as they are controlled by the government.
How will physicians in different stages of their career react? Will we see an immediate change in the number of patients being serviced on a daily basis? What impact will these changes have on the Canadian healthcare system?
If you are interested in reading our latest instalment on Huffington Post you can access the article here, or simply click the image below.
We encourage everyone to read, comment, and share the article if they agree. The more people that are aware of the challenges faced by professionals, the softer the federal government’s stance will be on the proposed changes.
LETTERS TO YOUR LOCAL MP’S
A past newsletter provided a letter template that anyone can forward to their local MP in order to have their voice heard. We also provided email and mailing addresses to get your letter in front of your MP as quickly and as easily as possible. If you wish to access this letter, you can download a copy here.
Contact information for your local MP can be found here.
- September 4th: We will define the “reasonability test” that is being proposed for income to spouses and family members.
- September 11th: TBA
- September 18th: TBA
- September 25th: TBA
If you have any questions or concerns about how these proposed changes could impact your specific situation, please do not hesitate to call our office and speak with a TPC Financial Group advisor.
If any of your colleagues wish to be kept informed of ongoing developments related to the proposed changes, feel free to forward our newsletters or encourage them to subscribe on our website.
ADDITIONAL ARTICLES AND INFORMATION
- Huffington Post: Your Local Small Business Owner Isn’t a Cheat
- The Globe & Mail: Business Groups Mobilize to Block Tax Changes
- Hill Times: Pollster Predicts Liberal Tax Reforms Will Hurt Them Politically