At the request of an hon. member last spring, we calculated the fiscal and economic impact of the decision to maintain the small business tax rate at 10.5% instead of its legislated decline to 9%. We found that over five years, at the end of 2021, there would be a negative impact on real GDP of $300 million, and it would reduce the level of employment by about 1,240 jobs created or maintained.
On October 24th, 2016. See this statement in context.