When Flamborough-Glanbrook Tory MP David Sweet asked the Thursday morning gathering how many were small-business owners, or knew of an entrepreneur, the majority of the 40 people raised their hands.
It revealed to Sweet how the federal Liberals’ tax proposal will impact businesses and has caught the attention of businesses across the country.
“It unduly punishes small businesses (and) how entrepreneurs invest their money,” said Sweet at a Sept. 14 breakfast meeting at Marquis Gardens, located on Rymal Road of the Hamilton chapter of the Macdonald-Cartier group.
Not only will the Liberals’ tax reforms, if passed, impact small businesses, but it will affect whether farmers will be able to afford to have their children own their properties.
“It will be cheaper to transfer farms to a corporation than to their children,” said Sweet. “Where this logic comes from I don’t know.”
Finance Minister Bill Morneau released a controversial, three-pronged tax plan in mid-July that includes restricting the ability of business owners to lower their tax rate by “sprinkling income” to family members in lower tax brackets; proposes limiting tech use of private corporations to make passive investments in such items as stocks or real estate; and limits the ability to convert the regular income of a corporation into capital gains, which are taxed at a lower rate.
Ottawa will also target individuals who claim regular business income as capital gains as opposed to extracting funds from their businesses as a dividend.
The government is proposing to introduce the legislation in the fall.
Sweet and a few small business owners in the audience were still smarting over Prime Minister Justin Trudeau’s comments on CBC when he said “A lot of those wealthy folks are really fighting to keep those benefits that they have and they’re really making a lot of noise.”
Some people said they are not wealthy, but hard-working business owners who are concerned about the tax implications to their businesses.
“The PM doesn’t understand risk, reward,” said Sweet. “Instead, it’s you are a rich man, a rich woman and we are going to punish you.”
Sweet also criticized the Liberals for allowing up to 6,800 predominately Haitian people to cross the border into Quebec seeking asylum over the last few months. He said they are “not being thoroughly checked” and the asylum-seekers are costing the government “millions of dollars” in resources.
The Canadian Armed Forces set up a camp at the border in Saint-Bernard-de-Lacolle, Que., to manage the influx and Montreal has opened up Olympic Stadium to house the newcomers.
Sweet said the Haitians should be sent back to their country of origin — many of whom have been living in the U.S. for years.
“We have people languishing in refugee camps all around the world,” said Sweet. “We only have so much compassion to rescue so many people.”
He said the people should be turned away “not because we don’t care, but because they are not coming from Iraq or Syria. They are coming from Wisconsin for goodness sake.”
Sweet referred to the so-called Safe Third Party Agreement, which dictates that most refugees who first land in the United States cannot then claim asylum in Canada and vice versa. Trudeau, he said, is ignoring that agreement.
Sweet spoke about the ongoing North Atlantic Free Trade Agreement negotiations, which are scheduled to hold the third round of negotiations in Ottawa starting Sept. 23, saying the Conservatives support the idea of providing access to the United States’ market for Canada’s manufacturing goods and farmers’ products and for the Liberals not to concentrate on “ancillary issues.”
Sweet also briefly talked about Canada’s ballooning $30-billion deficit, the lack of infrastructure spending, especially in Hamilton; ignoring Canada’s military by postponing its budget increase to possibly in 2018; the Liberals' $10.5-million payout to Omar Khadr; and how to provide more “balance” to the CBC's news coverage.
Sweet also addressed why recently elected party leader Andrew Scheer has been quiet on discussing how to generate excitement among the faithful. A few wanted Scheer to talk about “big ideas” as the party readies itself for the 2019 federal election.
Sweet said cutting Canada’s deficit is a “big idea to get back to.”
But the party’s caucus chair asked people to be patient with their new leader since he was only elected in May and has been getting used to the job.
“In the days ahead you will hear from Scheer,” he said. “Confidentially, you will hear some policy news from him.”
The Macdonald-Cartier group is scheduled to host Scheer and Ontario Progressive Conservative leader Patrick Brown at its breakfast meetings in October and November.
When Flamborough-Glanbrook Tory MP David Sweet asked the Thursday morning gathering how many were small-business owners, or knew of an entrepreneur, the majority of the 40 people raised their hands.
It revealed to Sweet how the federal Liberals’ tax proposal will impact businesses and has caught the attention of businesses across the country.
“It unduly punishes small businesses (and) how entrepreneurs invest their money,” said Sweet at a Sept. 14 breakfast meeting at Marquis Gardens, located on Rymal Road of the Hamilton chapter of the Macdonald-Cartier group.
Not only will the Liberals’ tax reforms, if passed, impact small businesses, but it will affect whether farmers will be able to afford to have their children own their properties.
“It will be cheaper to transfer farms to a corporation than to their children,” said Sweet. “Where this logic comes from I don’t know.”
Finance Minister Bill Morneau released a controversial, three-pronged tax plan in mid-July that includes restricting the ability of business owners to lower their tax rate by “sprinkling income” to family members in lower tax brackets; proposes limiting tech use of private corporations to make passive investments in such items as stocks or real estate; and limits the ability to convert the regular income of a corporation into capital gains, which are taxed at a lower rate.
Ottawa will also target individuals who claim regular business income as capital gains as opposed to extracting funds from their businesses as a dividend.
The government is proposing to introduce the legislation in the fall.
Sweet and a few small business owners in the audience were still smarting over Prime Minister Justin Trudeau’s comments on CBC when he said “A lot of those wealthy folks are really fighting to keep those benefits that they have and they’re really making a lot of noise.”
Some people said they are not wealthy, but hard-working business owners who are concerned about the tax implications to their businesses.
“The PM doesn’t understand risk, reward,” said Sweet. “Instead, it’s you are a rich man, a rich woman and we are going to punish you.”
Sweet also criticized the Liberals for allowing up to 6,800 predominately Haitian people to cross the border into Quebec seeking asylum over the last few months. He said they are “not being thoroughly checked” and the asylum-seekers are costing the government “millions of dollars” in resources.
The Canadian Armed Forces set up a camp at the border in Saint-Bernard-de-Lacolle, Que., to manage the influx and Montreal has opened up Olympic Stadium to house the newcomers.
Sweet said the Haitians should be sent back to their country of origin — many of whom have been living in the U.S. for years.
“We have people languishing in refugee camps all around the world,” said Sweet. “We only have so much compassion to rescue so many people.”
He said the people should be turned away “not because we don’t care, but because they are not coming from Iraq or Syria. They are coming from Wisconsin for goodness sake.”
Sweet referred to the so-called Safe Third Party Agreement, which dictates that most refugees who first land in the United States cannot then claim asylum in Canada and vice versa. Trudeau, he said, is ignoring that agreement.
Sweet spoke about the ongoing North Atlantic Free Trade Agreement negotiations, which are scheduled to hold the third round of negotiations in Ottawa starting Sept. 23, saying the Conservatives support the idea of providing access to the United States’ market for Canada’s manufacturing goods and farmers’ products and for the Liberals not to concentrate on “ancillary issues.”
Sweet also briefly talked about Canada’s ballooning $30-billion deficit, the lack of infrastructure spending, especially in Hamilton; ignoring Canada’s military by postponing its budget increase to possibly in 2018; the Liberals' $10.5-million payout to Omar Khadr; and how to provide more “balance” to the CBC's news coverage.
Sweet also addressed why recently elected party leader Andrew Scheer has been quiet on discussing how to generate excitement among the faithful. A few wanted Scheer to talk about “big ideas” as the party readies itself for the 2019 federal election.
Sweet said cutting Canada’s deficit is a “big idea to get back to.”
But the party’s caucus chair asked people to be patient with their new leader since he was only elected in May and has been getting used to the job.
“In the days ahead you will hear from Scheer,” he said. “Confidentially, you will hear some policy news from him.”
The Macdonald-Cartier group is scheduled to host Scheer and Ontario Progressive Conservative leader Patrick Brown at its breakfast meetings in October and November.
When Flamborough-Glanbrook Tory MP David Sweet asked the Thursday morning gathering how many were small-business owners, or knew of an entrepreneur, the majority of the 40 people raised their hands.
It revealed to Sweet how the federal Liberals’ tax proposal will impact businesses and has caught the attention of businesses across the country.
“It unduly punishes small businesses (and) how entrepreneurs invest their money,” said Sweet at a Sept. 14 breakfast meeting at Marquis Gardens, located on Rymal Road of the Hamilton chapter of the Macdonald-Cartier group.
Not only will the Liberals’ tax reforms, if passed, impact small businesses, but it will affect whether farmers will be able to afford to have their children own their properties.
“It will be cheaper to transfer farms to a corporation than to their children,” said Sweet. “Where this logic comes from I don’t know.”
Finance Minister Bill Morneau released a controversial, three-pronged tax plan in mid-July that includes restricting the ability of business owners to lower their tax rate by “sprinkling income” to family members in lower tax brackets; proposes limiting tech use of private corporations to make passive investments in such items as stocks or real estate; and limits the ability to convert the regular income of a corporation into capital gains, which are taxed at a lower rate.
Ottawa will also target individuals who claim regular business income as capital gains as opposed to extracting funds from their businesses as a dividend.
The government is proposing to introduce the legislation in the fall.
Sweet and a few small business owners in the audience were still smarting over Prime Minister Justin Trudeau’s comments on CBC when he said “A lot of those wealthy folks are really fighting to keep those benefits that they have and they’re really making a lot of noise.”
Some people said they are not wealthy, but hard-working business owners who are concerned about the tax implications to their businesses.
“The PM doesn’t understand risk, reward,” said Sweet. “Instead, it’s you are a rich man, a rich woman and we are going to punish you.”
Sweet also criticized the Liberals for allowing up to 6,800 predominately Haitian people to cross the border into Quebec seeking asylum over the last few months. He said they are “not being thoroughly checked” and the asylum-seekers are costing the government “millions of dollars” in resources.
The Canadian Armed Forces set up a camp at the border in Saint-Bernard-de-Lacolle, Que., to manage the influx and Montreal has opened up Olympic Stadium to house the newcomers.
Sweet said the Haitians should be sent back to their country of origin — many of whom have been living in the U.S. for years.
“We have people languishing in refugee camps all around the world,” said Sweet. “We only have so much compassion to rescue so many people.”
He said the people should be turned away “not because we don’t care, but because they are not coming from Iraq or Syria. They are coming from Wisconsin for goodness sake.”
Sweet referred to the so-called Safe Third Party Agreement, which dictates that most refugees who first land in the United States cannot then claim asylum in Canada and vice versa. Trudeau, he said, is ignoring that agreement.
Sweet spoke about the ongoing North Atlantic Free Trade Agreement negotiations, which are scheduled to hold the third round of negotiations in Ottawa starting Sept. 23, saying the Conservatives support the idea of providing access to the United States’ market for Canada’s manufacturing goods and farmers’ products and for the Liberals not to concentrate on “ancillary issues.”
Sweet also briefly talked about Canada’s ballooning $30-billion deficit, the lack of infrastructure spending, especially in Hamilton; ignoring Canada’s military by postponing its budget increase to possibly in 2018; the Liberals' $10.5-million payout to Omar Khadr; and how to provide more “balance” to the CBC's news coverage.
Sweet also addressed why recently elected party leader Andrew Scheer has been quiet on discussing how to generate excitement among the faithful. A few wanted Scheer to talk about “big ideas” as the party readies itself for the 2019 federal election.
Sweet said cutting Canada’s deficit is a “big idea to get back to.”
But the party’s caucus chair asked people to be patient with their new leader since he was only elected in May and has been getting used to the job.
“In the days ahead you will hear from Scheer,” he said. “Confidentially, you will hear some policy news from him.”
The Macdonald-Cartier group is scheduled to host Scheer and Ontario Progressive Conservative leader Patrick Brown at its breakfast meetings in October and November.