Morneau says changes to tax proposals will be needed after weeks of outcry:
After weeks of public battering and opposition politicking, Finance Minister Bill Morneau is signalling that he plans to make changes to the Liberals’ proposed tax changes, stopping short of providing discernible details.
On Tuesday the government released a list of five key principles it hopes will reassure Canadians that it is not targeting most small business owners, including a promise that the transfer of family farms to the next generation would not be affected by the tax changes.
“Changes are going to be required — as we move forward we will have more information on timing,” Morneau said in an interview after facing questions in the Senate.