Mr. Speaker, first of all, it is important that we recognize that corporations must make a profit in Canada. If overall they do not make a profit in Canada, they will not be in Canada and we will not have employment in Canada. We have to have a very balanced approach when we talk about corporate income.
The important thing to stress is that by reducing taxes we do not just increase household income. We increase the incentive to work. Quite frankly, I know a lot of people that are not wealthy. I am in fact related to a lot of people that are not that wealthy and they tell me that they are a couple of paycheques away from bankruptcy at any given time.
What they tell me is that the way the system works right now works against them. If they take on extra hours, they pay it all out in taxes. It does not come back to them. The government is saying that if people are going to work hard, then they should be rewarded for working hard.
At the same time, we have to look out for those that are less fortunate in our community. We are addressing that by completely removing 655,000 Canadians from the tax rolls, by pension splitting for seniors, increasing the age credit for seniors, and doubling the pension allowance for seniors.
These types of measures are specifically increasing the amount of money that all Canadians can keep in their pockets. Ultimately, that is how we are going to help low income Canadians.