Mr. Speaker, maybe we should start with the idea that small businesses in Canada actually have the lowest tax rate among G7 countries, including the United States. Then there is the fact that corporations in this country have roughly comparable tax rates to those in the United States, rates that are competitive with G7 countries. What we know is that as international norms change, we need to listen and understand these changes, so we are listening to Canadian corporations to make sure that we consider those U.S. tax changes and that our tax system remains competitive.
In the House of Commons on June 5th, 2018. See this statement in context.