44th Parl. 1st Sess.
April 8, 2022 10:00AM
- Apr/8/22 11:45:52 a.m.
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Mr. Speaker, in addition to our middle-class tax cuts, budget 2022 proposes additional measures that would make Canada's tax system more fair while promoting economic growth. This includes a permanent 1.5% corporate tax increase on profits over $100 million for banks and life insurance companies, new measures to prevent the use of foreign corporations to avoid Canadian tax, and a tax cut for small businesses as they continue to grow and create new jobs for Canadians. That is responsible fiscal management. That is fair tax policy.
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- Apr/8/22 11:46:26 a.m.
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Mr. Speaker, over 80% of indigenous peoples live off reserve. They are 11 times more likely to use a shelter. The Liberals have promised a “for indigenous, by indigenous” urban, rural and northern housing strategy since 2017, but budget after budget there is no mention of it. Now that the NDP has pushed the Liberals to take action, they are only proposing $300 million to initiate a strategy over five years. This is not good enough.
Will the Liberals make the necessary investments for a “for indigenous, by indigenous” urban, rural and northern housing strategy?
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- Apr/8/22 11:47:09 a.m.
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Mr. Speaker, while the other side is talking about what is not in the budget, today I want to talk about what is in the budget.
We have historic investments in indigenous housing. We have historic investments in Jordan's principle. We have historic investments in infrastructure. We have historic investments in mental health. Overall, we have invested more than $27 billion for indigenous issues. On this side of the House, we are committed to reconciliation. We are committed to moving forward on indigenous issues. We are committed to working with the member opposite to make sure that we are doing everything possible for indigenous people in Canada.
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- Apr/8/22 11:47:53 a.m.
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Mr. Speaker, housing has been top of mind for so many Canadians, especially first-time homebuyers and middle-class families, like those in my riding of Vaughan—Woodbridge. Yesterday's historic budget was a housing-focused budget with important investments and initiatives.
Can the Parliamentary Secretary to the Minister of Housing and my great friend please share with us some of the key measures that will help ensure every Canadian has a safe and affordable place to call home?
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- Apr/8/22 11:48:26 a.m.
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Mr. Speaker, I thank my colleague for that very important question.
All across the country we have seen housing become unaffordable. That is why housing is the centrepiece of budget 2022. We are making unprecedented investments to double housing construction, help Canadians buy their first homes, cut unfair practices that drive up the price of housing and support the construction of affordable housing. We did this through federal leadership, and we will continue to deliver the homes people need all across the country.
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- Apr/8/22 11:49:09 a.m.
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Mr. Speaker, it is all talk and very little action. The goal for many young Canadians is home ownership. What was once considered a common occurrence for young Canadians is now completely out of reach for many. For months, the current government told young Canadians they were being listened to. This is clearly not the case. Instead it introduced bloated bureaucratic programs wrapped up in red tape.
Why is its only solution to give another $1,400 of debt per person and fail to get results?
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- Apr/8/22 11:49:47 a.m.
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Mr. Speaker, I thank my colleague for her question.
Canadians across the country are finding it extremely difficult, or almost impossible, to buy a home. That is unacceptable, and it is why budget 2022 presents some tangible measures, such as a $200‑million investment to develop rent-to-own projects, a tax-free first home savings account for up to $40,000, and a two-year ban on foreign investment in housing.
Our government has taken leadership on housing since 2015 and we will continue to do so, because the Conservatives did nothing when they were in government.
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- Apr/8/22 11:50:29 a.m.
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Mr. Speaker, yesterday’s budget will not put money into the pockets of young families in Ivanhoe. It will not build houses for people in Tamworth, and it will not fix the labour shortage plaguing the entire construction industry across my riding. What Canadians want and what Canadians need is a foundational plan from the government to fix our broken housing sector. This means lowering inflation, lowering the debt and letting Canadian families keep their hard-earned money.
When will the government stop holding ambitious home-seeking Canadians back and start helping them?
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- Apr/8/22 11:51:12 a.m.
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Mr. Speaker, we are lowering the debt. Our net debt-to-GDP ratio is consistently declining, as evidenced by this budget. We continue to have the best fiscal balance sheet among countries right across the G7. I would remind my colleague, when she talks about growth, that she is actually downplaying the incredible growth Canadians are creating in our country. There was 6.7% growth in Q4. I would like the members opposite to acknowledge the importance of our incredible fiscal track. What my colleague is doing is denying—
Some hon. members: Oh, oh!
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- Apr/8/22 11:51:51 a.m.
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Order. We have made it to 27 questions. This is awesome.
The hon. member for King—Vaughan.
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- Apr/8/22 11:52:04 a.m.
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Mr. Speaker, using the example in the budget, a couple earning $90,000 per year would qualify for a home purchase of $355,000. Using the tax-free savings account in 2027, the couple would be eligible for a $500,000 purchase price, if all other variables, including mortgage rates, remain constant.
Failing Liberal housing policy has doubled the price of homes to $816,000. Why is the government continuing to fail aspiring homeowners?
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- Apr/8/22 11:52:50 a.m.
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Mr. Speaker, no government in Canadian history has invested more in the creation of housing than our government through this budget. We are there in order to ensure that more homes would be created—
Some hon. members: Oh, oh!
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- Apr/8/22 11:53:04 a.m.
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What I meant was that we made it to 27 questions without a whole lot of heckling, which I thought was really good.
Let us back up a little and let the parliamentary secretary answer the question.
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- Apr/8/22 11:53:19 a.m.
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Mr. Speaker, the Conservatives are so excited by our housing policy in this budget that they cannot help themselves.
We are investing a historic amount in the creation of housing in this country, and it is going to help each and every Canadian purchase a home. We have incentives for first-time homebuyers. We have plans to create co-op housing. We have plans to ensure that affordable housing is there so that every Canadian could put a roof over their head.
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- Apr/8/22 11:53:54 a.m.
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Mr. Speaker, that was very amusing.
The government’s first-time homebuyer’s incentive program is a bust. I have spoken to home builders, mortgage brokers, realtors and prospective first-time buyers who tell me that the program does not work in Canada's more expensive real estate markets. The average price of a home in my riding of Langley—Aldergrove is now higher than the upper limit permitted under the program.
Why is the NDP-Liberal government doubling down on this failed and discredited program?
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- Apr/8/22 11:54:30 a.m.
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Mr. Speaker, I remind my hon. colleague that the national housing strategy has numerous benefits, and that it not only helped Canadians pay their rent but also helped many of them buy a new home. The historic investment we have made in budget 2022 will support homeowners and get them their dream house.
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- Apr/8/22 11:55:00 a.m.
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Mr. Speaker, the Liberals betrayed seniors in the budget.
The Liberals not only failed to increase health transfers and continued to deprive seniors under 75 of the old age security increase, but they also broke their own promise, inadequate as it was, to enhance the guaranteed income supplement for the most vulnerable seniors. The Liberals promised a career extension tax credit. They promised to improve the tax credits for caregivers. Those are promises that they made.
Why did the Liberals break their promises?
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- Apr/8/22 11:55:38 a.m.
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Mr. Speaker, from the beginning, our government's priority has been to help the most vulnerable. That is why we have worked so hard to strengthen income security and the old age security that they rely on.
Our plan delivers on our promise to increase old age security by 10% for seniors 75 and older. We will continue to deliver for seniors, especially those who need it most, as they age and as their needs increase.
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- Apr/8/22 11:56:05 a.m.
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Mr. Speaker, the Liberals are definitely continuing to create two classes of seniors.
Not only did the government leave seniors' priorities out of the budget, but it is also trying to show that seniors do not need more support, as if seniors were spoiled rotten, as if they were wrong to worry and to want more health transfers to support quality of care at home and in long-term care facilities, as if they were wrong to think it is unfair that some seniors are receiving a bigger old age security pension than others, when the cost of living is the same for everyone.
Why is the government denying the reality of seniors and ignoring their concerns?
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- Apr/8/22 11:56:46 a.m.
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Mr. Speaker, we are also concerned about the increased cost of living for our vulnerable seniors. That is why all of our programs for vulnerable seniors are indexed to inflation. That means that any amounts they receive from the federal government increase with the cost of living.
I would also invite my colleague to refer to page 189 of our budget, where we talk about expanding and investing more in our community programs specifically for seniors.
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