SoVote

Mar/21/22 1:40:49 p.m.
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Mr. Speaker, I will be splitting my time with the member for Nanaimo—Ladysmith. The cost of food is going up. The cost of gas is going up. The cost of housing has been skyrocketing for years, and it continues to shoot up. Canadians are feeling the impacts. They are struggling to make ends meet and to put food on the table, struggling to pay rent and struggling just to afford the basics. While Canadians are struggling, big corporations are making record profits. In my riding of Victoria, seniors on fixed incomes are coming to me saying that the rising costs mean they are having to choose between paying for food and paying for medication. Families who have been surviving paycheque to paycheque have told me they are going into debt just to get by. Many young people are barely scraping by as it is. Most have completely given up on the idea of ever owning a home and are just worried about how they are going to pay rent. I sat down with the James Bay Community Project a few weeks ago. They are an amazing non-profit community organization. They help seniors, youth and families by providing community support and volunteer services. They spoke to me about the impact that the pandemic has had on low-income folks in our community, especially in food insecurity for seniors. The rising cost of living impacts everyone, but it especially impacts the most vulnerable. While people in my community and people across Canada are struggling, the ultra-rich are making more money than ever, raking in record profits and accumulating even more wealth. Wealth inequality is reaching levels that we have not seen in generations. The past year broke records when it came to creating new billionaires. On average, a new billionaire was created every day—every single day. The number of billionaires on the Forbes annual list of the world's wealthiest exploded to unprecedented levels. The wealth of billionaires has risen more in the past two years during this pandemic than it has in the past 14 years. This is the biggest surge in billionaire wealth since we started keeping records, and a staggering 90% of the Canadian billionaires are richer than they were one year ago. While everyday Canadians are falling farther and farther behind, worried about the cost of food and worried about the cost of rent, the super-rich are getting even richer. This kind of extreme inequality is outrageous in and of itself. I spoke to a single mom who told me about how the rising cost of gas, diapers and food has eaten into her budget and how she is scrambling this year, on the first of every month, calling friends and trying to figure out how she is going to make rent, while at the same time, in the same year, the wealthiest shareholders and corporations, the same corporations that are raising prices, are raking in billions. That is outrageous. The members in this chamber should be outraged. It is outrageous that while families are struggling to pay for groceries, the billionaire Weston family is raking in profits. They own Loblaws, the Real Canadian Superstore and Shoppers Drug Mart. Loblaws has a net profit of more than a billion dollars. As the price of groceries continues to increase, Loblaws paid out half a billion dollars in dividends to their shareholders. Families are struggling to pay for gas, but Suncor made over $4 billion. Gas prices continue to rise, and they paid out $3.9 billion to their shareholders. Oil companies are making record profits off the backs of Canadians, while Canadians are paying hundreds of dollars more at the pump. At the same time, these oil companies are receiving billions in fossil fuel subsidies from the Liberal government. It is outrageous that the government continues to hand out public money to profitable oil companies, companies that are fuelling the climate crisis. The climate crisis is already threatening everything that we value, with devastating climate fires, extreme flooding and extreme heat. The Arctic poles are currently experiencing unprecedented heat waves. This is causing alarm among climate scientists. This is a dire warning of a faster and more abrupt climate breakdown. How many more dire warnings do we need? How many more disasters? We are running out of time to stop the worst and irreversible impacts of the climate crisis. This is a climate emergency, and the government is not acting like it, continuing to pay big oil to pollute while it gouges Canadians at the pump. That is outrageous. Families are struggling to make mortgage and loan payments while Scotiabank had a net profit of over $10 billion. It had the gall to increase fees for customers while paying out $4.3 billion in dividends to its shareholders. That is outrageous. The economic impacts of the pandemic hit Canadians hard. As families, seniors and young people have struggled with the cost of living, corporations that have been raising prices are making windfall profits. This kind of extreme inequality is outrageous. However, extreme inequality is not only outrageous; it leads to worse health and social outcomes and has a disproportionate impact on women and racialized folks. It also puts a drag on economic growth. Importantly, and this is probably the most important thing I am going to say today, this kind of extreme inequality is not inevitable. It is not a fact of life. It is a choice by decision-makers, by elected officials, by the government. It is a choice to protect the profits of the wealthiest while making the vast majority suffer the consequences. Because of choices made by the government, the ultrarich can continue to protect their wealth using a financial system with very little transparency. Because of choices made by the government, the wealthiest are allowed to exploit this crisis for their own profit. They benefit from excess corporate profits while everyday Canadians get gouged by inflation. Because of choices of the government, money laundering and tax evasion are rampant in Canada, driving up the cost of housing. There is even a name for it: “snow washing”. It refers to how easy it is in Canada to launder money and evade taxes. We have some of the weakest corporate transparency laws in the world. This allows billions to be laundered, and it has been devastating our real estate market. It has led to an overvaluing of the average price of residential properties. On average, it impacts homes in my riding of Victoria by $45,000 to $90,000. This is why we need a publicly accessible beneficial ownership registry. Housing, grocery and gas prices are the rising costs that people are dealing with every day, so today, members of the House have a choice. Are we going to make big banks, big box stores and big oil companies pay their fair share? Are we going to help the people who are struggling with the cost of living? Are we going to get tough on money laundering and tax evasion? The Liberal government has the choice today to stop protecting excess corporate profits and to start helping people with the cost of living. One important step would be fulfilling their campaign promise to implement a 3% surtax on banks and insurance companies with net profits of over $1 billion, and extend the surtax to oil companies and large grocery chains. It is also critical to establish a publicly accessible beneficial ownership registry to combat tax evasion and money laundering by the wealthy. Then, let us choose to use the tax revenue from the surtax to fund things that will actually help people who are struggling with the cost-of-living crisis. Let us increase the Canada child benefit, the GIS and GST rebates, and build affordable housing. Fair taxation is a key tool for governments to address wealth inequality, provide key public services and increase supports that curb inequality. When members of the House vote on this motion—

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Context: House Hansard - 42 - Mar/21/22

Ms. Lisa Marie Barron (Nanaimo—Ladysmith, NDP)

Mar/21/22 1:55:52 p.m.
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Mr. Speaker, I come to members today from the traditional territories of the Snuneymuxw First Nation. Jocelyn is a constituent in my riding of Nanaimo—Ladysmith. She is the proud mother of two young children, ages three and four. She holds a university education and a strong desire to remain engaged and connected in our community. Unfortunately, Jocelyn was in multiple accidents, leaving her permanently disabled and unable to work. Even though she is currently getting a “deal” on her unaffordable and overpriced rental, she is left with just $500 a month, after her rent is paid, to meet her family's needs. Jocelyn said to me that all she is looking for is the certainty that her children will have food on the table and a place to call home. In addition to Jocelyn being unable to make ends meet, she is unable to afford the medications prescribed by her doctor to help her with the physical symptoms from her accidents. It would cost $100 a month for the medications that could significantly improve her quality of life. For Jocelyn, $100 a month is well outside her means with her limited income. Instead, she had to find medication that was less costly and unfortunately also less effective at alleviating her symptoms. This is a vicious cycle that too many Canadians find themselves in. When Jocelyn recently told me about her experience, she described it as systemic violence, one where most Canadians are living paycheque to paycheque and are stuck in a vicious cycle of poverty. While many people struggle in the system, our richest and largest corporations earn record profits. As we continue to debate this motion today, I hope members of the House will keep Jocelyn and others like her in mind. We must do better to make sure that Canadians have access to the basic supports they need. That starts with ensuring that everyone is paying their fair share. In our country, where we praise ourselves for taking care of each other and for our high quality of life, how is it that we are seeing so many like Jocelyn? Despite hard work and perseverance, they are still unable to have the basics: a home, food and medications. These are not luxuries; these are basic human rights. Too many in my riding are struggling to make ends meet, and the pandemic has only amplified a crisis that was growing for years. The last Nanaimo Foundation's Vital Signs report from 2019, for example, showed a worrisome trend of an increase in the number of seniors struggling to make ends meet. We know this trend has only increased throughout the pandemic. We are seeing more seniors becoming homeless or on the edge of homelessness, unable to pay their bills or keep food in their fridges. It is heartbreaking to see seniors, who have worked tirelessly to age with dignity, be left with little hope of even having the basics like a place to call home. Child poverty rates also continue to increase in Nanaimo—Ladysmith. Children are being left to suffer while large, wealthy corporations make more than ever. This is shameful. I ask my colleagues to take a moment to consider not only the immediate consequences, but the long-term implications of the increasing number of children being left to struggle in poverty. We are showing our children through our actions how to treat one another. The Liberals and Conservatives tell Canadians that they are looking out for them, but we have seen countless times that this is only true if it does not cut into the profits of their corporate friends. By supporting this motion, they can show that they are ready to live up to their promises to Canadians. Today, they can help make sure that companies that have been squeezing Canadians at the pumps or at the grocery stores are supporting the public services people need.

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Context: House Hansard - 42 - Mar/21/22

Mr. Matt Jeneroux (Edmonton Riverbend, CPC)

Mar/21/22 2:34:35 p.m.
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Mr. Speaker, all the programs the minister just spoke of fall under the CMHC. The CMHC is a government agency that, according to its website, is driven by one goal, housing affordability for all, yet newly revealed documents show that CMHC employees received $48 million in bonuses in the last year. The average home price went up 21% in the last year. How can the minister award the CMHC bonuses, when Canadians cannot afford to buy a home?

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