So far so good. That's the reaction of the CFIB as the federal government announces its decision to reinstate its promise to reduce the small business corporate tax rate to 9 per cent in 2019 from the current 10.5 per cent.
Prairie spokesperson for the Canadian Federation of Independent Business, Marilyn Braun-Pollon, says there are still some concerns though about what is called "income sprinkling" to family members. The changes to rules which had been allowing business owners to share income with their family members remain a concern for middle-income businesses because they may keep the benefits out of the hands of many spouses who participate in more informal ways in the business. Braun-Pollon says they will wait to hear more on passive income rules and the treatment of capital gains related to business succession, which is of particular interest to farmers.