Friday 29 September 2017

Call Bill...






















Very interesting!

"I just came across this post on Globe and Mail. A fellow by the name of Jason Roy had seen it and reposted it. I'll do the same here. It is very interesting!
"An outstanding comment from an earlier G&M editorial from one Carmen MacKenzie....so much so that the Trudeau groupies, Liberal attack dogs/ankle biters and party media trolls had no response....definitely worth a repost...
"It's becoming clear that some very wealthy Canadian shareholders tied to Finance Minister Bill Morneau are positioned to benefit handsomely from the proposed federal tax changes for incorporated small businesses and professionals. As Canadians, we should be paying very close attention.
Just yesterday my husband and I learned about pension-type savings options for small business owners called Retirement Compensation Arrangements (RCAs) and Individual Pension Plans (IPPs, geared more towards business owners in their 50s).
These retirement savings plans/products were suggested to us as potential next steps if the proposed federal tax legislation affecting small business goes through. (For context, given our incorporated structure, if the legislation is passed, any income we draw when we retire will have been taxed at a rate of 73%. Clearly, this doesn't seem like a fair deal for a lifetime's worth of work, so we—like every other incorporated small business owner out there—are working hard to understand what our options are.)
Today, from an All Nova Scotia article (Sept 19), we learned that the largest provider of these pension plans in Canada is none other than Morneau Shepell.
That's right, Morneau Shepell—the multinational benefits/pensions consulting firm founded by Federal Finance Minister Bill Morneau's dad, William Frank Morneau, Sr. in 1966, with annual revenue in 2016 totalling $592 million Cdn. It's the largest benefits and pension firm in Canada.
Today, William Frank Morneau is listed as honourary chair and founder of Morneau Shepell on the company's website. And Bill Morneau, according to the All Nova Scotia article, "...controls over 2.2 million Morneau Shepell shares worth over $47 million based on the closing stock price on Monday."
If the federal government brings in their proposed tax changes, led by Justin Trudeau and Finance Minister Bill Morneau, incorporated small businesses across Canada will be forced to close their holdings companies and opt instead for other retirement savings strategies... like the private pension plans offered by Morneau Shepell.
So who really stands to benefit from the legislation that's being positioned as changes to make the tax system fairer?
That's right: Bill Morneau, major shareholder in Canada's largest pension corporation. Bill Morneau, Canada's Federal Finance Minister. Bill Morneau, the guy who keeps saying he's closing "loopholes" and "fancy accounting schemes" that give wealthy Canadians unfair advantages over the middle class (...you know, those greedy farmers and doctors and local business owners and such).
While doctors are making calls to healthcare organizations offering jobs south of the border, and small business owners nearing retirement are looking at having to work for several more years, and family farms and businesses passed on through generations face being penalized for passing them down to their kids (and rewarded for selling them to anyone other than their kids), and young couples who've put everything on the line to start their dream business come to terms with the fact that the rug has been pulled out from under them, Morneau Shepell directors and shareholders must be rubbing their hands together in eager anticipation of the windfall to come their way.
If there's a "fancy accounting scheme" that deserves the government's full attention right now, including a thorough Conflict of Interest investigation, I think it's staring them right in the face."

James Bissett Lecture

James Bissett -- Security in Relation to High Level of Muslim Immigration [2012]



Canadian Centre for Policy Studies
James Bissett
Phone: 613.695.2176 ext. 315
Email: jbissett@policystudies.ca 
James Bissett is a Distinguished Fellow with the Canadian Centre for Policy Studies. He is the former Canadian Ambassador to Yugoslavia where he served from 1990 – 1992. He was also Ambassador to Bulgaria and Albania. He had diplomatic postings in the Balkans, London and in the Caribbean where he served as Canadian High Commissioner to Trinidad and Tobago from 1985 -1990. He was an Assistant under Secretary for Social Affairs at the Foreign Ministry in Ottawa. From 1985 -1990 Bissett was Director General of the Canadian Immigration Service. Upon leaving the Foreign Service he served from 1992 -1997 as the Chief of Mission for the International Organization for Migration in Moscow helping the government deal with the thousands of Russians returning from the former countries of the Soviet Union.

Canada's broken immigration & refugee system

Tuesday 12 September 2017