Mr. Speaker, on January 1, the tax rate for small businesses was reduced. Today the parliamentary budget officer confirmed that the decision to maintain the reduced business tax rate was the right one.
The report confirmed that the previous government's approach would have created just over 1,000 jobs at a cost of almost $2.1 billion to the economy with no growth to the economy.
It is important that we support our small and medium-sized businesses. I am here to ensure they are productive, more innovative and export oriented. We will continue to do the work we are doing.