Article content continued

The proposed changes have sparked a revolt by doctors, farmers, small business owners and even some backbench Liberal MPs, who have spoken publicly about the complaints they have been hearing from their constituents.

Finance Minister Bill Morneau released the controversial, three-pronged plan in mid-July, including restrictions on the ability of business owners to lower their tax rate by sprinkling income to family members in lower tax brackets, even if those family members do no work for the business.

He also proposed limiting tech use of private corporations to make passive investments in things like stocks or real estate and limiting the ability to convert the regular income of a corporation into capital gains, which are typically taxed at a lower rate.

Trudeau said he will take the feedback into account to make sure the proposed changes specifically target the wealthy, but will not be throwing the entire idea out the window.

“We are glad to hear people’s questions and concerns to ensure that as we move forward — which we will — on changing the system … we will ensure that we’re doing it the right way,” he said.

I think the Liberals are desperately trying to change the message on this. Conservative Leader Andrew Scheer

“We were pleased to see a tremendous amount of response to our consultation paper — people with concerns, some legitimate, some less so — and we are folding them into the proposal that we will put forward, which will make our tax system fairer.”