Finance Minister Bill Morneau says he will deliver a fall economic update Tuesday to document the recent strong growth in the Canadian economy, but did not say whether it will include a
plan to eliminate the federal deficit.
Morneau says the update will ``affirm'' plans to reverse course and cut the small business tax rate to nine per cent by 2019.
He says the update will also end tax advantages for ``the wealthy few'' _ a plan that has landed the finance minister in a world of controversy.
He made the announcement in the House of Commons despite being under siege in recent weeks from opposition critics over the proposed changes, as well as allegations of conflict
of interest involving his considerable financial assets.
Morneau and Prime Minister Justin Trudeau have subsequently tweaked the tax measures this week amid outrage from small business owners, doctors, farmers, fishers and even some
Liberal backbench MPs.
The fiscal update comes as the Canadian economy is on a roll.