Mr. Speaker, yesterday the finance minister announced that the budget would be responsive to the needs of Canada's small business sector. Coming from a small business background myself, I could not agree more.
Payroll taxes have long been a thorn in the side of small businesses, in effect taxing job creation. The decision by the Minister of Finance to roll back the 1995 UI premium will save industry $300 million next year alone.
On behalf of the small businesses in Canada I would like to congratulate the minister on this bold and responsive initiative which we expect will significantly help job creation.