LETTER TO THE EDITOR: Tax changes will leave Canadians worse off

A recent interview with federal Finance Minister Morneau was most enlightening – and scary

To the editor,

A recent interview with federal Finance Minister Morneau was most enlightening – and scary. One interesting aspect is that some taxpayers have discovered methods to reward themselves for working hard. Now successful, they wish to have money themselves. By finding methods that the government minions have charactized as ‘loopholes,’ they succeed in helping themselves.

Many taxpayers are not sufficiently aware, nor have access to such methods. But – rather than aid those who need help – the minister has chosen to punish those successful. Leave this money in the business, the minister says – as a taxable asset of course. They are criticized for using an alleged unfair method to build a retirement base.

The minister is allegedly a pensions expert, so he’s aware that with only six years of government service, at age 65 he is eligible for a lifetime pension in excess of $100,000 a year plus health and other permanent benefits, on top of his personal retirement portfolio.

Minister Morneau is a most successful businessman and multimillionaire. This approach is heartless and obscene that the minister plans stopping people with lower income from doing what he has done for his retirement.

D.F. Connors, Nanaimo

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