Mr. Speaker, that is a pretty easy question to answer. As small businesses across this country earn income, some of it will be paid out in salary and some in dividends, but many small businesses will actually keep the money within their small corporations, put it away in a rainy day fund, maybe to cover maternity leave in the future, maybe to provide a pension fund for the future. What the government is proposing to do is tax those corporations' earnings that have already been taxed at the corporate tax rate, and tax it at 73%. That would be the net tax rate—
In the House of Commons on October 6th, 2017. See this statement in context.