Mr. Chair, as I said, we have taken a number of steps to produce tax relief for Canadian businesses by reducing the general federal corporate tax to 15% from over 22%, eliminating the federal capital tax, reducing small business rates to 11%, and increasing the amount of eligible income for the lower rate to $400,000 in 2007 and then to $500,000 in 2009. We have increased the lifetime capital gains exemption for qualifying small businesses shares to $750,000. We have taken steps to reduce the compliance burden on businesses by reducing the frequency of various tax filings, eliminating retail sales taxes in Ontario and P.E.I. in harmonization with the—
In the House of Commons on May 14th, 2014. See this statement in context.