Cut taxes for small businesses.

What success looks like

Lower tax rates for small businesses.

Government's narrative on progress

The government has reduced taxes for small businesses so they can invest in new equipment, grow and create jobs. The small business tax rate was reduced to 10 per cent from 10.5 per cent, effective January 1, 2018, and to 9 per cent, effective January 1, 2019. For small businesses, compared to 2017, this will mean up to $7,500 in federal tax savings each year.

Note: this is the government's own description, not an independent assessment.