Mr. Speaker, according to Finance Canada, 622,000 businesses claimed a small business deduction in 2011, and those businesses paid almost $150 billion in wages that year. The Liberal budget proposes to change the Income Tax Act by raising the small business rate by a half point, a point, and a point and a half over the next three respective years. Why did the Liberals break their promise and raise taxes on small businesses that employ more than six million Canadians?
In the House of Commons on April 15th, 2016. See this statement in context.