The Partners of Collins Blay LLP want to share with you the attached submission and exhibits that was made to the Department of Finance on Monday October 2nd. The submission is in respect of the July 18th, 2017 proposed tax changes. Our firm’s Partners are part of a group of local business advisors that formed a group called Kingston Advocacy for Small Businesses (KASB), and it was KASB that collaboratively wrote this submission on behalf of our community.
We are now in a period of waiting in respect of the proposed tax changes. The Minister of Finance, Bill Morneau said on October 3rd that “Changes are going to be required” in respect of the proposed tax legislation. What this means is that we still have more questions than answers and we are in a period of unprecedented tax uncertainty from a planning perspective.
Also note that while the name of our group indicates Kingston Advocacy for Small Business, our partnership group continues to advocate on behalf of many affected local area people including physicians, farmers, dentists, trades people and many others that would be negatively affected by the proposed laws.
We look forward to communicating with you with more certainty, once we learn more from the Federal government.
Jeff Hanley, Leanne Moran, Cara Chesney and Jason Skilnick