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Coalition for Small Business Tax Fairness Requests Provincial Assistance on the Taxation of Passive Investment Income

May 30, 2018

The Canadian Veterinary Medical Association (CVMA) is part of the Coalition for Small Business Tax Fairness, made up of organizations representing hundreds of thousands of independent businesses, professionals and taxpayers, across all sectors of the economy and all regions of the country.

The coalition recently reached out to each province to request their assistance on the taxation of passive investment income of Canadian-controlled private corporations. See letter to provincial governments here.

The Coalition sent another letter to Minister Honourable Bill Morneau, Minister of Finance, on May 25, 2018 suggesting approaches on how to protect past passive investments. Read the letter here.

In a news release sent on May 28, 2018, the Coalition for Small Business Tax Fairness urged Finance Minister Bill Morneau and the Department of Finance to act decisively and amend the new rules related to passive investment income announced in the 2018 federal budget. Read the news release here.

Find out more about the Coalition for Small Business Tax at smallbiztaxfairness.ca.