What you need to know about the proposed small business tax changes

Source: Sonja Puzic, CTV News, September 20, 2017 

The government plans to close loopholes which it says have allowed high-earning business owners to avoid higher tax rates.

The federal government has been defending its proposed small business tax changes despite opposition from many of those who will be affected.

Finance Minister Bill Morneau and Prime Minster Justin Trudeau have stood firm on the controversial plan, saying the tax changes are about making the system fair, rather than generating revenue for the government.

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