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Small businesses push back against Ottawa's new passive income rules

from Globe and Mail

John Hedden had planned to keep building his financial services business and hire more people but is rethinking that strategy in light of new passive income rules for private corporations that could cause his future tax bills to skyrocket. “It’s a disincentive. Why would I go out and expand?” says Mr. Hedden, owner of Burlington, ON-based Bryan and Hedden Financial, which employs seven people. more

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