8 9 . ▁Minor ▁increase ▁in ▁tax ▁reven ues ▁is ▁expected ▁from ▁that ▁change . ▁ ▁Corpor ate ▁tax es ▁▁ ▁Introduction ▁of ▁a ▁Lar ge ▁Corpor ations ▁Tax : ▁a ▁new ▁tax ▁is ▁lev ied ▁on ▁large ▁corpor ation ▁at ▁a ▁rate ▁of ▁ 0 . 1 7 5 % ▁of ▁tax able ▁capital ▁employed ▁in ▁Canada ▁in ▁excess ▁of ▁$ 1 0 ▁millions ▁( that ▁$ 1 0 ▁million ▁exem ption ▁is ▁shared ▁among ▁related ▁corpor ation ). ▁That ▁new ▁tax ▁is ▁very ▁similar ▁to ▁provincial ▁tax es ▁on ▁capital . ▁It ▁is ▁not ▁a ▁ded uct ible ▁charge ▁for ▁the ▁federal ▁corpor ate ▁income ▁tax ▁but ▁is ▁cred itable ▁against ▁the ▁ 3 % ▁federal ▁sur tax . ▁The ▁government ▁project ed ▁this ▁tax ▁would ▁yield ▁reven ues ▁of ▁$ 9 6 5 ▁millions ▁in ▁ 1 9 8 9 - 9 0 . ▁ ▁Good s ▁and ▁services ▁tax ▁ ▁The ▁budget ▁announced ▁the ▁introduction ▁of ▁the ▁Federal ▁Good s ▁and ▁Services ▁Tax , ▁which ▁planned ▁to ▁be ▁effective ▁on ▁January ▁ 1 , ▁ 1 9 9 1 . ▁It ▁was ▁initially ▁planned ▁to ▁be ▁set ▁at ▁ 9 %. ▁ ▁Ex c ise ▁tax es ▁ ▁P ending ▁the ▁introduction ▁of ▁the ▁Good s ▁and ▁services ▁tax , ▁the ▁government ▁introduced ▁changes ▁to ▁existing ▁sales ▁and ▁exc ise ▁tax es : ▁ ▁In cre ase ▁of ▁exc ise ▁tax es : ▁The ▁federal ▁Tax ▁on ▁liqu or ▁rose ▁by ▁ 1 %, ▁as ▁did ▁the ▁tax ▁on