SOLUTION: Brock University Tax Reforms on Small Businesses in Canada Questions

Attached.OUTLINE FOR TAX REFORMS IN CANADAThis paper entails the following•Part A❖ I disagree with Morneau’s statement that reduced corporate tax rates offer tax loopholesfor people.❖ This is because Small business owners create job opportunities.❖ SBA data indicated that firms with less than 500 workers accounted for significant jobcreation since 1992.❖ The data also show that even though small firms don’t thrive for more than five yearsfrom when they start up, those who survive. create enough jobs.•Part B❖ I agree the Canadian government should maintain the limits because small businessesplay a unique role in the Canadian economy under normal circumstances.❖ Small businesses add up to a larger percentage of the country’s businesses.❖ Also, they provide more than a third of Canada’s GDP, generating a lot of money for thecountry. The small businesses improve the communities within the country since thegovernment supports them to grow (Ontario, 2018).•References❖ ArticlesRunning head: TAX REFORMS ON SMALL BUSINESSES IN CANADATAX REFORMS ON SMALL BUSINESSES IN CANADAStudent NameInstitution affiliation:Date:1TAX REFORMS ON SMALL BUSINESSES IN CANADA2TAX REFORMS ON SMALL BUSINESSES…

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