Mr. Speaker, let me see if I can fit this in within my allotted time.
In 1974 the Liberal government of the day issued a lower corporate income tax for businesses which fall under the small business category. This rate was raised in subsequent years under the Liberals to an upper level of $200,000 in 1982. It has not been raised since that year despite a 55 per cent increase in the consumer price index.
On behalf of the many small businesses in my riding which have tremendous confidence in the Liberal plan for small business, I would like to recommend to the minister that we undertake a review of the $200,000 small business tax rate.
Let us ensure that the effectiveness of this measure has not been significantly eroded by inflation since it was last strengthened in 1982.