No they are not, and stop exaggerating.  They're only going to tax it 1) if you invest the money, and 2) at the same rate that you'd pay if you invested the money outside the business.  The reason the govt is changing the rule is that some business people are using a corporation as a 'limitless' RRSP plan.  If you think there should be a mechanism in place to reduce tax on money invested inside a business, then make a case in terms of the business need.  Hint: there is a case that can be made.