The Federal government tax proposals to small business corporations are being met with opposition – despite small businesses employing more individuals than large corporations in Canada – these same small business owners will be hit with higher taxes if these new proposals become law – along with the increase in CPP contributions over the next few years and in Ontario the higher minimum wage, small businesses will be in for some tough years.
Nine in Ten business and financial professionals oppose Morneau’s tax proposal – link to article
If you want to read how these changes might impact some small businesses, here are a few newspaper op-eds that have run recently:
With school back in, a refresher on how the RESP can be used for education savings.
Link to article
“Higher investment returns mean taking greater risk.”
The key word is “risk”. Speculators define risk as “loss of capital”. True investors define risk as volatility. In the fullness of time, investing in a conservative fund holding a diversified portfolio of equities has historically provided a positive return.
“If you want or need a guaranteed return, accept it will be lower.”
Short term needs should not be invested in equities –only a high interest savings account. However, although you may want a guaranteed return, you may need something better to achieve financial security.
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