M.P’s will be returning to Ottawa in two weeks.
Haliburton, Kawartha Lakes, Brock M.P. Jamie Schmale says he wants to question the government on its proposal to close certain tax loopholes.
The government wants to close certain tax loopholes, such as income sprinkling which is when business owners give family members a salary to pay lower taxes.
The government also wants to close a loophole which allows businesses to shelter passive investment income, which allows them to shelter some of their earnings from taxes.
Schmale encourages concerned residents to speak up.
Schmale says he agrees the tax system needs to be fair for all, but is worried these changes will have a negative impact on farmers.
He says he was door knocking in Highlands East yesterday and says people are concerned.
Schmale and the conservative caucus are meeting next week to discuss priorities for Parliament’s fall session.