Madam Speaker, while the government has continued to further distort the income tax system, in introducing this new federal bracket of 33%, it was like squeezing the balloon. It created a problem in the small business tax sector, which was why the Liberals ham-fistedly tried to introduce reforms to the small business tax system.
At the end of the day, we want a system of much lower personal and corporate income taxes where the differentials between the rates are smaller than they are today. This will ensure people do not game the system and distort the system, leading to the inefficiencies we see today.