Discussion · Government Orders
John-Paul Danko Liberal
“I agree with the member that tax limits for small businesses need to catch up with inflation. But Canada still has the lowest business tax rates in the G7, and this budget helps companies invest in better tools. Does the member think we are on the right track with any of this?”
“Mr. Speaker, unfortunately, I know the member opposite was really looking forward to hearing from the member for Winnipeg North. I did listen closely to his remarks. I really agree on some of the points he made about small business, in particular, the GST threshold and small business deduction limits. I think those are really important things that have not been adjusted for much too long. They have not been adjusted for inflation as well. At the same time, I think we also need to recognize that Canada has the most competitive business tax rates in the G7 and new measures like the productivity mega deduction are helping business invest in those productivity tools that they need. Is there anything where we are on the right track?”
Mr. Speaker, unfortunately, I know the member opposite was really looking forward to hearing from the member for Winnipeg North. I did listen closely to his remarks. I really agree on some of the points he made about small business, in particular, the GST threshold and small business deduction limits. I think those are really important things that have not been adjusted for much too long. They have not been adjusted for inflation as well. At the same time, I think we also need to recognize that Canada has the most competitive business tax rates in the G7 and new measures like the productivity mega deduction are helping business invest in those productivity tools that they need. Is there anything where we are on the right track?