Brad Vis, Mission—Matsqui—Abbotsford
“Small businesses create jobs. The small business tax deduction limit has stayed at $500,000 for 17 years while prices have gone up. I want the government to raise this limit to $700,000 so business owners can keep more money to grow.”
“Madam Speaker, during Small Business Week, we celebrate Canadians who take risks and create jobs, especially during these turbulent times. One of the most important tax measures available to small businesses, the $500,000 small deduction limit, has been left unchanged for 17 years, while inflation continues to soar. Will the Liberals agree with the Conservatives and raise the threshold to $700,000, so entrepreneurs can keep more of what they earn to invest and grow their business?”
Madam Speaker, during Small Business Week, we celebrate Canadians who take risks and create jobs, especially during these turbulent times. One of the most important tax measures available to small businesses, the $500,000 small deduction limit, has been left unchanged for 17 years, while inflation continues to soar. Will the Liberals agree with the Conservatives and raise the threshold to $700,000, so entrepreneurs can keep more of what they earn to invest and grow their business?