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Decentralized Democracy

House Hansard - 43

44th Parl. 1st Sess.
March 22, 2022 10:00AM
Context: House Hansard - 43 - Mar/22/22
Mr. Kevin Lamoureux
  • Mar/22/22 12:46:29 p.m.
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Madam Speaker, I suspect that there are some individuals within the Department of Finance who are much more able-minded than I am in terms of taxation policies and how we could ultimately ensure there is a sense of fairness in taxation. There will be additional revenues coming in as a result, no doubt, of the higher oil prices that these corporations will have to pay. The details of it I do not know offhand.
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Context: House Hansard - 43 - Mar/22/22
Mr. Jagmeet Singh
  • Mar/22/22 2:30:33 p.m.
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Mr. Speaker, oil and gas companies and big box stores have made record profits while everyday families are struggling to buy their groceries and to fill up their tanks. We have an opportunity to do something about that today when we vote on our opposition day motion: our plan to tax the excess profits of these corporations and reinvest that into helping people. We already know that the Conservatives are going to support the profits of big oil and gas companies. Where will the Prime Minister stand: with people and families, or with the large corporations that have made excess profits?
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Context: House Hansard - 43 - Mar/22/22
Mr. Jagmeet Singh (Burnaby South, NDP)
  • Mar/22/22 2:32:55 p.m.
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Mr. Speaker, oil and gas companies and big box stores have made record profits while families are struggling to pay for food and gas. We have a chance to do something about this problem today by taxing big corporations' excess profits and reinvesting that money to help families. Will the Prime Minister protect the interests of ordinary people or big corporations' profits?
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Context: House Hansard - 43 - Mar/22/22
Mr. Matthew Green (Hamilton Centre, NDP)
  • Mar/22/22 4:40:07 p.m.
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Madam Speaker, clearly the rising cost of gas is about inflation. In fact, Marc Lee, a senior economist at the Canadian Centre for Policy Alternatives, recently stated, “industry profits rebounded strongly in 2021 after the COVID-induced slowdown of 2020. For example, Canadian Natural Resources booked a record $7.7 billion profit.... This clearly shows it’s time to bring in a windfall profits tax on the oil and gas sector.” One of the obvious ways to address this cost-of-living crisis would be to tax profiteers like Suncor, which made a net profit of $4.1 billion and paid out $3.9 billion to its shareholders. On the topic of inflation, affordability and taxation, why do the Liberals continue to protect wealth-accumulating corporations and do no nothing to ease the pressure on average Canadians who are struggling to make ends meet?
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