I think the minister may have accidentally answered the question at a brief moment during his last statement. He seemed to suggest it was $50,000 per company. That means that in a situation that is relatively normal, in which, say, 10 shareholders jointly own a small business, whether a restaurant or a landscaping company, they'll only have $5,000 per shareholder, per business owner, in passive income before his new double taxation takes effect on those people.
Does he really think it's fair to hit people who are earning only $5,000 per year in passive income with tax rates that are far higher than would be paid by, say, Morneau Shepell, on its passive income?