What is Morneau allegedly doing to mislead the public and how would the proposed proposals impact retirees living off of passive income from their companies?
Morneau is deliberately lying to mislead the public. If the proposals go forward the refundable dividend tax will be cancelled making my rate of tax about 70% on income generated on passive income that is what I live on. The rate would be higher if I was in the income bracket that he is. This is a big deal for any retiree living on the savings accumulated for decades in their small company. These savings are not dead money they are invested in Bell, the banks etc... These comments are incredible misleading.