Madam Speaker, once again, the government is shifting taxes from businesses to working Canadians in many ways, such as the harmonization sales tax, the HST, in Ontario and B.C.
In fact, budget 2010 shows the government intends to rely on personal income taxes for more than four times as large a share of the revenues in future as a contribution from corporate income taxes. Ordinary Canadians will pay four times more in personal income tax than corporations.
It is also important to note that since wealthy Canadians receive a large portion of their income in the form of stock options, equity or dividends from profits, corporate tax cuts actually increase their income. Furthermore, their income is taxed at a lower rate than the income of the average worker.
I would like to ask the member, how is this fair?