She doesn’t feel like a “fat cat,” yet she is about to bear the brunt of the Liberal government’s new small-business tax reforms, which it says are aimed at closing “unfair tax loopholes” being exploited by the top 1 per cent of earners. Getting the tax revenue without paying a ruinous political price depends on convincing Canadians the new tax proposals will hit only the super wealthy, not mom-and-pop small business owners, who the Liberals claim they are trying to help. “I find it a strange political strategy, to attack small-business owners. The salaried employee likely has a generous pension and paid vacation time, Beatty pointed out, while the business owner may have pledged personal assets as collateral and has other stresses not borne by employees. • Email: jivison@nationalpost.com | Twitter: IvisonJCorrection: An earlier version of this story incorrectly stated the tax rate paid on passive investment.

Source: National Post August 29, 2017 22:24 UTC