Mr. Speaker, in this time of technology, science and small business we need to recognize that today about 52% of all Canadians employed in the private sector are in small business with fewer than 100 employees per business.
At least 85% of all new jobs created in Canada are created by small business. Many of these businesses relate to advances in computer and telecommunications technology. They are altering the core products and processes at the heart of the Canadian economy.
With the increasing competitiveness of highly skilled labour forces dedicated to superior product design and performance, small and medium size businesses have the advantage. It is easier to sustain innovation and competitiveness. Indeed several of the most prosperous and competitive economies of the world today are based on small firms.
The government knows that the above is true. Why does it take small business tax dollars to provide grants to big business?