Trudeau stood by the proposed reforms Tuesday, saying they are an integral part of Liberal government’s efforts to make the tax system fairer. Ottawa also wants to crack down on passive income from investments parked within a private corporation — money that can be shielded from the higher personal income tax rate. But the proposed changes have stirred outrage among some small business owners who say they will be unfairly hit in the pocketbook. Trudeau said Tuesday that his government has heard the concerns, “some legitimate, some less so.”He said the worries raised by small business owners, opposition MPs, even members of his own caucus could result in modifications to the planned reforms. “We are moving forward to make the tax system fairer .

Source: thestar September 20, 2017 00:33 UTC