Ontario’s Progressive Conservative leader acknowledged Thursday that his company would benefit, although “probably very little,” from his proposal to cut corporate taxes, but said he would not personally stand to gain anything.

Doug Ford, a businessman and former Toronto city councillor whose family owns and operates Deco Labels and Tags, has promised to cut the provincial corporate tax by one percentage point if the Tories are elected to power this spring.

But Ford stressed it would bring him no advantage because he plans to put the company — which he co-owns with his brother — in a blind trust, a step meant to avoid conflicts of interests when business leaders are elected to office.