Mr. Speaker, in its reform, the federal government is raising taxes on corporations' passive income, but not on the income of non-residents.
This means that a foreign billionaire who invests in Canada would be taxed at 25%, but a Quebecker would pay the maximum, 50%. The foreign investor could even avoid paying taxes altogether if his investment earns interest income, zero.
I would like the government to explain why it is penalizing our SMEs and giving foreign investors the advantage.