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We listened and are ensuring that changes to passive investment are only targeted at the top earners, who see the biggest advantages. 2/ — Bill Morneau (@Bill_Morneau) October 18, 2017

The event was part of a week-long Liberal effort to introduce tweaks in hopes of quieting the rage surrounding Ottawa’s tax proposals. The plan has angered entrepreneurs, doctors, farmers, tax experts and Liberal backbench MPs.

“When you make (a) change, it is difficult sometimes for people who like the status quo,” Morneau said, referring to the uproar created over the original proposals announced in July.

“What’s most important, though, is that we have a system that works for all Canadians… We think we’ve gotten it right.”

In an attempt to avoid negative impacts on middle-class business owners, Morneau’s latest change will establish a threshold of $50,000 on passive income per year. It will be equivalent to $1 million in savings based on a nominal 5% rate of return, his department said.

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The goal, he said, is to enable small business owners to put money away inside their corporations for the future needs, including retirement, sick leave and parental leave. At the same time, Morneau wants to crack down on the practice of privately held firms using the method purely as a way to reduce the owners’ income taxes.

The government will release draft legislation as part of next year’s budget.

The tweak comes after a flood of complaints that warned cracking down on passive investments could hurt middle-class entrepreneurs who use their companies to save for economic downturns, leaves and for rainy days.