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Canadians shouldn’t assume that the lack of major tax hikes in Budget 2017 means no big changes are coming, Finance Minister Bill Morneau said Friday.

Morneau was in Toronto to promote the federal government’s new budget through a lunch hour speech to a Bay Street crowd, and it wasn’t lost on him that many in the audience are high-income earning professionals working in the financial sector.

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“Last year, we asked some of you to pay more in tax, so that we could cut taxes for the middle class,” Morneau said.

Prior to this week, there were fears that Budget 2017 would introduce measures that would demand the rich pay even more. The budget document that emerged on Wednesday talked about “tax fairness” and arguably focused more on smaller-sized tweaks to the system than a major overhaul.

Speaking to reporters after the speech, Morneau said the government is in the midst of a wide-ranging review that aims to reduce what the budget document describes as “tax benefits that unfairly help the wealthiest Canadians rather than the middle class and those working hard to join it.”