5 minute read

In the last few days you will have seen Liberal MP’s across the country patting themselves on the back by posting this self-congratulatory info graphic on every social media outlet there is. They claim that by lowering the small business tax rate to 9%, they are saving small businesses up to up to $7,500 / year. Mathematically speaking, a 1.5% reduction x $500,000 of corporate earnings (after payroll) = $7,500/year. So this “savings” is fairly cut and dry, right? Maybe not… read more