The Budget 2017 makes the tax system unbiased by making existing tax relief for individuals and families more actual and accessible, by removing ineffective and inefficient tax measures. It also ensures that no taxpayer is getting an extra benefit at the expense of those who are paying their fair share. The Finance Ministry declared that it plans to propose changes to the Income Tax Act. This amendments intended to prevent the multiplication of the small business deduction do not inappropriately deny access to the small business deduction for a farmer’s or fisher’s corporation selling farming products or fishing catches to an arm’s length agricultural or fisheries cooperative. It would be applicable for taxation years that begin after 21st of March 2016. The small business deduction effectively reduces the corporate income tax rate from 15% to 10.5% on the first $500,000 of active business income earned by a Canadian-controlled private corporation.