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march 2018 BCBusiness 13 BcBUsiness.ca
Poll of the Month
Will hUrt small BUsinesses/
harm the economy
seem fair
Will help BUsi
-
ness/ economy
don't knoW
When considered together, overall
do you think the proposed small
business tax changes:
TOTAL ResPOnses
OWn A smALL Business
DOn'T OWn A smALL Business
In the wake of Gregor
Robertson's announce-
ment that he won't run
for mayor again, our
online story asking if
several Vancouver celeb-
rities should join the race
provoked some discus-
sion on Twitter. One well-
known Vancouverite,
Canucks mascot Fin
(@Canucks
FIN), appeared
hurt: "What??? I didn't
make the cut?!" The
David Suzuki Foundation
and journalist Stephen
Quinn, who did make the
list, were happy to poke
fun at Fin with some
pointed
GIFs.
Mayoral
Moves
Federal Finance minister Bill morneau is proposing changes to small
business taxation, including limiting the ability of a business owner to pay
less tax through so-called income sprinkling to family members; restrict-
ing the use of small business corporations for making passive invest-
ments such as buying and selling shares of other companies; and cutting
the small business tax rate from 10.5 percent to 9 percent by 2019. in
december, mustel group asked 300 B.c. residents what they thought of
the proposals.
very few believed the changes would help business and the econ-
omy, and there was only one demographic where more than 50 percent of
respondents predicted they would would hurt small businesses and harm
the economy —not surprisingly, small business owners. regionally,
the biggest disparity was between residents of the city of vancouver
(22 percent) and the interior (44.2 percent) in expecting negative effects.
mustel principal evi mustel notes that most respondents were mem-
bers of the general population, but "we do have a small sample of small
business owners, and that's really where you see the opposition."
although the survey size was modest, mustel suspects that the
results would have been similar with a bigger one. "among the general
public, you can see it's just about a third that think it will have negative
impacts, a small group think it will have a positive impact, and the rest
think it's fair or don't have an opinion on it," she says.
33.7%
21.3%
13.9%
20.4%
29.4%
12.5%
34.6%
23.5%
10.0%
12.7%
32.3%
55.7%
© 2018 Grant Thornton LLP. A Canadian Member of Grant Thornton International Ltd. All rights reserved.
Audit | Tax | Advisory
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