Sentences with phrase «preferential small business tax»

Another study, co-authored in 2014 by Michael Wolfson, Canada's former chief statistician, found that the wealthiest Canadians disproportionately take advantage of the preferential small business tax rate.

Trudeau's concern about the wealthy using the preferential small business tax rate to avoid paying personal income tax is warranted.

Not exact matches

The IMF's literature review concludes that preferential tax rates reinforce this meekness, something economists call the «small business trap.»

Some analysts advocate a full - scale revocation of small business tax advantages like in the U.K., while others think the existing broadly - based small business preferential rate should be replaced with measures more targeted to start - ups and growing firms.

Although the actual formula is quite complex, the GRIP generally reflects taxable income that has not benefited from preferential tax rates, such as the small business rate, or from refundable dividend tax treatment afforded to investment income earned by a CCPC.