Trudeau Liberals Propose to Tax Employee Health Benefits on 13.4 Million Canadian Middle Class Workers
RHSA states it's time for the Trudeau government to reduce its spending and assist middle class taxpayers, as the Liberals promised.
Toronto, Ontario, January 10, 2017 (Newswire.com) - The Trudeau Liberal government has proposed taking away tax relief on 13.5 million Canadian workers' employee health benefit plans.
Employee health benefits are compensation provided to employees by their employers to prevent illness and maintain health for working Canadian families. This proposal will not only impact the workers themselves, but also their families, thus reducing access to health care for over 24 million Canadians.
The Trudeau Liberals were elected to help middle class taxpayers by reducing tax from 22% to 20.5%. This proposal, however, will greatly increase taxes for employees and increase payroll taxes for their employers.This stealth tax grab is the biggest in recent memory. All working taxpayers should be up in arms.
"This stealth tax grab is the biggest in recent memory," said Dr. David Imrie, founder and president of RHSA. "All working tax payers should be up in arms."
The government has estimated this tax change will raise an additional $3 billion dollars from Canadian workers. They have described the proposal as "fair and equitable."
Since the Trudeau government imposed carbon taxes and increased contributions to Canada's Pension Plan, a large number of Canadian small businesses are struggling to remain afloat. This proposal presents a significant new increase in payroll taxes for these businesses.
RHSA provides tax efficient health benefits for Canadian workers. The company was founded in 2009 by Dr. David Imrie, a medical doctor and former Health Insurance professional who has a passion for helping small businesses reduce their healthcare costs. RHSA works with small business owners across the country, providing access to government approved tax relief that helps significantly reduce their healthcare costs through a Health Spending Account. Find them at www.myrhsa.com.