This is spot on. The Liberals are moving the tax burden to the front end of the revenue stream and fundamentally killing your retained earnings with punitive tax.  The risk/reward profile for anyone making a living in business will be  a lot worse.  Notwithstanding the latest 'tweaks' by Morneau, I see nothing but pain for the independent business person.  I sold out about 8 years ago and am so glad I did.