Madam Speaker, the government continues to shift taxes from businesses to working people. For an example we only have to look to the harmonized sales tax in Ontario and in British Columbia, which will take effect this summer.
The government also intends to rely on personal income tax for more than four times as large a share of its revenue in the future as the contribution from corporate income tax. In other words, ordinary Canadians will pay four times more in personal income tax than businesses will pay in corporate tax.
It is important to note that wealthy Canadians receive a large portion of their income in the form of stock options, equity, dividends and profits. Corporate tax cuts actually increase their incomes. Furthermore, that income is taxed at a lower rate than the income of the average worker.
I would like to ask the member how this is fair to working people.