Mr. Speaker, again, I would like to reassure the House that hardworking small business owners, including owners of family farms, will not be affected by the government's proposed corporate tax changes. Our priority is to ensure tax fairness while avoiding unforeseen consequences for hard-working farming families. The government will not be changing tax measures aimed at helping family businesses grow, create jobs, and innovate.
Last week, the government announced its intention to help small businesses even more by committing to lowering the small business tax rate from 10.5% to 9% by January 1, 2019. Farmers and small business owners, who are the backbone of our economy and our main job creators, will be able to reinvest the additional federal tax savings in growing their business.