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Ottawa's proposed taxation changes may do more harm than good, experts say

Friday, July 21, 2017 @ 12:28 PM | By Ian Burns

The federal government is proposing changes to Canada’s tax system to reduce loopholes they say are giving unfair advantage to high-income earners, but tax professionals say the changes may end up doing more harm than good.

David Rotfleisch, Rotfleisch & Samulovitch Professional CorporationFinance Minister Bill Morneau unveiled the proposals at a press conference July 18. He said “many of the richest Canadians are unfairly exploiting the tax rules designed to help businesses thrive.”

“These tax advantages are in place to help these businesses reinvest and grow,”...