NDP plan to cut small business taxes
Text of Jack Layton's business tax cut announcement
The NDP plan to give small business a break to help create and retain jobs (small businesses create almost half the new jobs in Canada). They also plan to restore corporate tax rates back to the 2008 level, which are still very competitive and lower than the current rates in the USA.
Restoring corporate tax rates will save the government billions of dollars - freeing up money to reduce the deficit and to pay for more useful things for Canadians.
The NDP plan to give small business a break to help create and retain jobs (small businesses create almost half the new jobs in Canada). They also plan to restore corporate tax rates back to the 2008 level, which are still very competitive and lower than the current rates in the USA.
Restoring corporate tax rates will save the government billions of dollars - freeing up money to reduce the deficit and to pay for more useful things for Canadians.
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