Economy | TAXES

Reduce the small business tax rate to 9% (from 11%).

Liberal Platform (Page 80) | October 5, 2015
Broken
March 23, 2016

Bill Morneau defends Liberal's unchanged corporate tax rate

CBC News

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.

March 22, 2016

2016 Federal Budget

2016 Federal Budget

Chapter 8 > Small Business Income Tax Rate

Budget 2016 proposes that further reductions in the small business income tax rate be deferred.