Mr. Speaker, the tax system has not changed in 45 years. It is high time we changed it. It is high time we recognized the different ways people utilize private Canadian corporations. At the moment, there are 1.8 million of them, and the number is rising. Why is it rising? Is it for people to park their income? If that is the case, then we should look at it, because it really benefits those corporations and those individuals in reducing their tax rate. We have to be mindful that we do not have the haves and the have-nots and we do not have such a large diversification that people are not benefiting from economic growth.
In the House of Commons on October 3rd, 2017. See this statement in context.