Today Prime Minister Stephen Harper announced his plan to lower taxes on job-creating small businesses over the next four years as part of his low-tax, balanced budget program of economic growth and job creation.
“Small businesses represent almost 99 percent of all businesses in the country and employ nearly 70 percent of all Canadians working in the private sector,” said the Prime Minister. “Our Conservative Government is on their side and our low-tax plan is helping them succeed and grow.”
The Conservative government’s low-tax, balanced budget plan has consistently lowered taxes on Canada’s small businesses. Building on this record, a re-elected Harper Government will deliver on its plan to further lower the small business tax rate from 11 percent to 9 percent over the next four years. This tax cut – the largest tax rate cut for small businesses in more than 25 years – will provide $2.7 billion in tax relief to nearly 700,000 small businesses over this period.
“We understand that small businesses are of vital importance to Canada’s economic future,” the Prime Minister explained. “Their success is linked to Canada’s success, and this new tax relief will help small businesses support economic growth and job creation now and in the future.”
The Prime Minister noted that Justin’s Liberals and Thomas Mulcair’s NDP have voted against the Conservative government’s small business tax cuts and have both set out agendas that would hike taxes significantly on small businesses.
“Justin Trudeau disparages small business owners,” Prime Minister Harper said. “He claims, incredibly, that most small businesses are just schemes for wealthy Canadians to avoid paying taxes. It’s yet another sign of his economic illiteracy and unreadiness.”
“Thomas Mulcair purports to support small businesses,” the Prime Minister said. “But the fact is that he’s also promising business and payroll tax hikes that will hurt small businesses and undermine job creation.”