The Winnipeg Chamber of Commerce is pleased the federal government is changing its tax tune, but still has concerns about the plan.

The chamber is pleased the government is re-committed to lowering the small business tax rate to nine per cent, and is also happy the government won't be following through with proposed changes to accessing the lifetime capital gains exemption; however, concerns remain.

A $50,000 threshold has been proposed for passive income. The Winnipeg Chamber says that income threshold will limit the amounts that a business can save for expansion or a downturn.

"It might sound like a lot but... that's not a considerable amount of money for a business that's trying to offset rainy days, trying to save up for long-term investments, expansion, growth," says Winnipeg Chamber president and CEO Loren Remillard.

The Government of Canada still plans to disallow income splitting with family members who aren't actually participating in the business, but with a simplified framework. The Winnipeg Chamber believes this plan will still add regulatory burden to small businesses.

Remillard calls the government's proposed tax changes a solution looking for a problem.

"If the concern is tax revenue and potential evasion, this was not the place that you were going to find that. What you will find are a bunch of mom and pop shops working hard to survive and thrive."

Remillard says if there's a concern with the current tax structure, now is the time to step back and take a look at all taxes levied by the government.

"We're just sticking Band-aids over the holes," he says.