Mr. Speaker, as Minister of Small Business and Tourism, I am very proud of the announcements we are making.
The changes we are making reflect what we have heard from Canadians. The income sprinkling proposals will be simplified to help family businesses. As we make the system fairer, we are also fulfilling our commitment to lower the small business tax rate. This rate was 11% in 2015 and will be lowered to 9% by 2019.