Members of the North Saskatoon Business Association (NSBA) spoke out against the federal government’s proposed tax changes Thursday afternoon.
The Liberal government aims to close what it calls “unfair tax loopholes” with new restrictions.
The restrictions would limit how business owners distribute their income.
But many small businesses say the changes will impact the growth of their business.
“We believe it’s going to be very harmful for small and medium-sized enterprises, entrepreneurs that put their lives and livelihood into their business,” Keith Moen, director of the NSBA, said.
“The proposed tax changes are going to be very detrimental to the businesses and therefore the economy overall.”
The NSBA members carried signs and megaphones while marching from the Saskatoon Funeral Home parking lot, to Saskatoon’s CRA building.
The owner of Hunter’s Bowling Centre, a business that’s been in Saskatoon for more than 60 years, said the suggested changes could result in cutting staff.
“As a business we have fixed costs and there’s not a lot of ways we can cut costs, but one of them is with wages,” Allison Hunter, owner of Hunter’s Bowling Centre, told CTV at the protest.
The tax changes are under a 75-day consideration period that will end on Oct. 2.
