Bill Morneau’s Discussion Paper: Update #2
As discussed in our previous newsletters, our office is committed to keeping all clients and associates informed of the proposed changes set forth in federal Finance Minister Bill Morneau’s discussion paper.
The proposed changes stand to impact professionals at all stages of their careers, and without a strong and unified response from those potentially affected, there stands a greater chance of the proposals being passed as legislation.
In order to make advocacy more accessible for professionals who are already pressed for time, our office has prepared a letter that can be forwarded to your local Member of Parliament. This letter outlines many of the challenges that are faced by individuals in your situation, and urges your MP to take action against the proposed legislation.
The letter is provided in a Microsoft Word format to allow you to edit the content to better suit your concerns, but it also works as a stand-alone appeal without any changes to content. All that is required is for you to add your name, and the name and address of your MP.
A directory of mailing addresses for your MP’s constituency office can be found here. Simply enter your postal code at the top of the page to find the individual profile of your MP. Their email address will also be provided if you prefer to copy the text of the letter into email format.
If you are interested in sending this letter to your local MP, you can access the file here.
We encourage you to share this document with any colleagues who may find value in it and would be interested in knowing if any response is received upon delivery.
- August 7th: Our office will be posting an article on the Huffington Post which shows a case study of how hard these proposed changes will impact young professionals just entering the workforce. We encourage everyone to share with their colleagues.
- August 14th: Our office will be posting a second case study to the Huffington Post which will show how the proposed changes could potentially impact retirees.
- August 21st: Our office will be drafting an open letter to Bill Morneau that will provide a detailed analysis on why these proposed changes are not in the best interest of the Canadian economy.
- August 28th: We will define the “reasonability test” that is being proposed for income to spouses and family members.
- September 4th: TBA
- September 11th: TBA
- September 18th: TBA
- September 25th: TBA
If you have any questions or concerns about how these proposed changes could impact your specific situation, please do not hesitate to call our office and speak with a TPC Financial Group advisor.
If any of your colleagues wish to be kept informed of ongoing developments, feel free to forward our newsletters or encourage them to subscribe on our website.
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