Finance Minister Bill Morneau will announce a small business tax cut on Monday, 愛污传媒 has learned.
Senior government officials say the small business tax, which currently stands at 10.5 per cent, will be lowered to nine per cent.
That was a Liberal campaign promise, and Monday鈥檚 announcement will come in the wake of loud and angry pushback to the government鈥檚.
Despite the controversy, government officials tell 愛污传媒 that the Liberals will only tweak their proposed tax reforms, not scrap them altogether. Those tweaks are expected to be announced gradually throughout the week.
The first announcement will be on so-called 鈥渋ncome sprinkling,鈥� which allows business owners to split their income among family members and lower their income tax rate.
The government will continue to allow income sprinkling, but only if business owners can prove that they are splitting their income with family members who actually work in the business.
As 愛污传媒 previously reported, the Liberal caucus will hold a 鈥渟pecial鈥� meeting on Parliament Hill Monday morning, featuring the finance minister. Prime Minister Justin Trudeau will also be there.
With files from CTV鈥檚 Ottawa Bureau Chief Joyce Napier
