Mr. Speaker, it is important that we take a step back and realize that we are absolutely not targeting small businesses or farmers. This is about creating a tax system that is fair for all, including many small business owners and farmers.
The member asked why we would choose to do this first. Taking a look at corporate taxes was not our first act as a government. We actually began our mandate by focusing on increasing the taxes for the top one per cent and decreasing them for the middle class. We have also been very focused on maintaining a low business tax rate that encourages businesses to maintain their ability to invest in their businesses.
What we are looking at now is creating a system that really looks at the fact that 80% of passive income is held by 1.6% of corporations in this country. That is not fair, and we need to look at a way of making sure we have a fair tax system.