Mr. Speaker, we know how important SMEs are to our economy. We know that it is very important to have a low tax rate for SMEs. We currently have the lowest tax rate for SMEs in the G7. That is very important. At the same time, however, we must have a system that is fair. Under our current system, wealthy people can simply set up a private company to benefit from a lower tax rate. We want to ensure we have both a very low tax rate for SMEs and a system that is fair for all Canadians.
In the House of Commons on September 28th, 2017. See this statement in context.