Sask small biz

[macdon02]

Hopefully they can remain in a position to utilize this.

[farmaholic]

Wow, I wonder if small corporate farms are exempt. Ok, not funny.

[farmaholic]

Wow, there are going to be alot of private/sole proprietor businesses that will fall through the cracks on this one.

Aka, unincorporated businesses.

[SASKFARMER]

I agree but those smaller businesses could be ok.

Now on the farm front, I'm scared that Trudeau is going after corporations in the new reset. He will leave private alone. That's his voters.

[ajl]

Most true small business make the square root of squat so the actual effect of this move is zero. A few large farms and colonies will be the main beneficiary since the areas that got lucky with a good crop will actually show some profit at these prices. Should help keep land rents up at least for the non incorporated competition. Did books as a winter job for a buddy that had 3 small business together generating just over $3M in revenue a number of years ago. Did not generate enough revenue to depreciated the capital stock most years. Fortunately he sold 2 of the businesses for some capital gain. His actual tax bill was not that much since recapture did not factor since the assets were only depreciated during the best year in the last 5. This is likely fairly typical of many small business. It was a combination gas station and restaurant.

[shtferbrains]

Read somewhere it was only 2% to start with.
But they do collect pst& gst for them.

[jazz]

I agree but those smaller businesses could be ok.

Now on the farm front, I'm scared that Trudeau is going after corporations in the new reset. He will leave private alone. That's his voters.

Last I looked big corporate owners were his donors, Weston and Rogers families, etc. He wont touch corporate rates or stocks because of that.

[farmaholic]

........... the Feds will probably more than make up for it!!!!

[Oliver88]

........... the Feds will probably more than make up for it!!!!

How many taxes will be invented and increased is the question.

[Rareearth]

Taxes need to stay low in the “Global economy or they will move” to another country.

Agriculture is a captive tax base as is most resource exports. Part of the solution is to devalue the Canadian dollar through dropping interest rates further. This saves government money on the massive debt, and encourages asset inflation, or motivates business to expand.

The only solution is inflation, punish the savers (low or nor interest on bank accounts) force them to spend or invest.

[burnt]

Help is on the way -

"Help At Last: House Relief Bill Will Provide Free 'Going Out Of Business' Signs To Small Business Owners"

https://babylonbee.com/news/house-relief-bill-will-provide-free-going-out-of-business-signs-to-small-business-owners https://babylonbee.com/news/house-relief-bill-will-provide-free-going-out-of-business-signs-to-small-business-owners

[Richard5]

I hope people understand corporate tax integration and what actually happens when the gov't lowers the corp rates, especially to those older farm and business corps that are not taking substantial dividends now.

The government always wins in total as the corp rate goes down.

My accountant said ideally we need the corp rate to go up 10%.....