The Organisation for Economic Cooperation and Development (OECD) said that government of Canada need to include Preferential Tax of small business in planned review of tax expenditures.
This recommendation was make in the last economical overview OECD of Canada and added that this capital taxable income is not sufficiently focused.
“The main aim of this agreement to save small business in a big amount for investing and its make this program more effective.
OECD said that depend of analysis result according to decision of federal budget in 2016 to defer a series of scheduled increases to the SBD and it will be seen as moving in a right direction. It added that the Government should also “review its targeted measures and adapt them as necessary to ensure that they correct clear market failures efficiently.”
The 2016 Budget deferred any further reductions in the small business income tax rate and committed the Government to undertaking a review of the tax system within the coming year, with a view to eliminating poorly targeted and inefficient tax measures.