Bill Morneau defends Liberal's unchanged corporate tax rate
CBC News | March 23, 2016
As small businesses lob accusations at the federal government for failing to deliver on a corporate tax cut, Finance Minister Bill Morneau says the Liberals' budget is helping business by helping customers.
With their 2016 budget, the Liberals reneged on a campaign promise to cut the corporate tax rate to nine per cent by 2019, choosing instead to fix the rate at 10.5 per cent.
In a statement, a "deeply troubled" Canadian Federation of Independent Business estimated that this broken promise would cost small firms more than $900 million per year by 2019.