Madam Speaker, let us be clear.
First of all, the tax rate for small and medium-sized businesses is not increasing and remains the lowest in the G7. We are encouraging business owners to reinvest the money they earn into their businesses in order to stimulate growth and innovation.
However, the fact remains that our current tax system has some inherent inequities that allow wealthier Canadians to enjoy benefits that are not available to the middle class. Our goal here is to achieve greater tax fairness.