Nice column. Regarding: the goal, of making sure that folks face comparable tax treatment whether or not they have a corporation, is a good one

The problem here is that there two types of corporations in the mix. There are the ones that exist primarily to benefit from passive income tax treatment. The other set is comprised of the real operating companies established by active  entrepreneurs who built a business and want a rainy day fund of available capital to survive a downturn or reinvest when the time is right. The proposed measures leave no incentive to build this rainy fund and it has implications far beyond the much hyped tax fairness outcomes. 

I have not seen any estimate by the Finance department of the breakdown between the two. In any event, do we really want to shut down these small business rainy day funds? What will it mean during the next recession? More job losses? More EI? 

The Minister should probably distinguish between the two and start over.