44th Parl. 1st Sess.
April 28, 2022 10:00AM
- Apr/28/22 2:53:14 p.m.
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Mr. Speaker, millennials with good jobs just want out of their parents' basements, but the cost of living under the Liberal government is going through the roof. The budget's signature housing promise is a shiny new savings account, but who has $8,000 a year to save, with out-of-control gas, grocery and housing inflation?
Could the Minister of Housing please enlighten us: Where will these millennials find $8,000 a year to save, or does he believe that young families can always do what the speNDP-Liberals do, which is just go borrow more money?
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- Apr/28/22 2:55:16 p.m.
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Mr. Speaker, we might think that the Conservatives are criticizing a fictitious budget and not the one that they read. Maybe they should take note of what Stephen Harper's former director of communications said, and that is that the budget is prudent and reasonable. He believes it is a budget for an economy in full swing, one that will achieve a near zero deficit in five years.
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- Apr/28/22 2:56:41 p.m.
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Mr. Speaker, yet again the Conservatives seem to be attacking a budget they invented and not the one we actually delivered. Maybe they should read the National Post, which described the budget as “prudent and responsible”. The Post went on to say, “The efforts to expand Canada's productive capacity and hold the line on spending are welcome, as are the new commitments to defence spending.”
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- Apr/28/22 4:09:03 p.m.
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- Re: Bill C-8
Madam Speaker, my question is with regard to small craft harbours. For some reason, the fall economic statement and the current budget contain zero new money for small craft harbours. Small craft harbours are in desperate shape. There are over 10,000 of them in Canada, and the Department of Fisheries and Oceans estimates that it will take almost $700 million just to bring the small craft harbours in southwest Nova Scotia up to operational standards.
I would ask the Deputy Prime Minister this: Why is the government not including any new money for small craft harbours?
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- Apr/28/22 4:15:08 p.m.
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- Re: Bill C-8
Madam Speaker, my question for the Minister of Finance is a simple one.
It is now the end of April. Bill C‑8 was introduced in December. Is it essentially the sum total of all the government's foot-dragging since that totally pointless election?
It took some time to get back to work, appoint ministers and open Parliament. This is a budget statement from last fall. The budget has since been tabled, and we are debating it, but we are still beating around the bush with Bill C‑8.
It is the minister maybe a little embarrassed about that?
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- Apr/28/22 4:15:43 p.m.
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- Re: Bill C-8
Madam Speaker, once again, I am pleased that all members support the measures in Bill C‑8 and, of course, the budget. That is a good thing.
However, if the members really think that these measures are necessary, and I definitely agree with this idea, then they have to help us pass this bill. We need real support, not a hypocritical stance that, on the one hand blocks our efforts to help Canadians and, on the other, asks critical questions about why these measures are not in place.
If the members opposite want them, and that would be a good thing, they have to support the government and vote in favour of these measures if necessary
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- Apr/28/22 4:24:38 p.m.
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- Re: Bill C-8
Madam Speaker, I apologize to the House, but what the opposition member just said is simply not true.
The budget contains a number of analyses that talk about inflation and interest rates, and I can find those page numbers. The budget was subjected to a stress test examining the effects of various scenarios on the economy and the fiscal situation of our country.
With regard to the debt, I want to point out that, for this fiscal year, the cost of paying down the Canadian debt will represent 1% of our country's GDP, which remains a historically low level.
I want to again emphasize that there are several analyses in the budget showing the impact of various scenarios in relation to inflation, interest rates and the war in Ukraine.
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- Apr/28/22 4:29:12 p.m.
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- Re: Bill C-8
Madam Speaker, with the greatest respect, I have to disagree with the hon. member. The reality is that Bill C-8 and our most recent budget include a number of measures to help Canadians with the cost of living. They include dental care; they include doubling the support provided through the first-time homebuyers' tax credit; they include a multi-generational home renovation tax credit, which recognizes that many Canadians want to live together with an extended family; and they include, crucially, a $500 payment to those facing housing affordability challenges.
Of course, the budget does also include some significant tax-raising measures targeted precisely for those who are at the very top.
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- Apr/28/22 4:30:18 p.m.
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- Re: Bill C-8
Madam Speaker, I have a very straightforward question. Where I come from, Barrie—Springwood—Oro-Medonte, the average price of a home is over $900,000. It is getting very tough for young people to buy their first home. In the recent budget 2022, there was a tax-free savings account set up to a maximum of $40,000. If someone hits that $40,000 in my area, they are still nowhere near being able to buy their first home.
Can I maybe get an explanation as to why we are topped off at only $40,000 and how that is supposed to help people buy their first home?
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- Apr/28/22 4:30:56 p.m.
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- Re: Bill C-8
Madam Speaker, I am very glad to have another question on housing, because I think something that every member of this House does, and certainly should, agree on is that housing is one of the most serious economic and social challenges Canada faces today. We have the fastest-growing population in the G7, and the reality is that our housing supply is just not keeping up with a growing country. That is why the budget that I presented earlier this month puts forward the most ambitious plan ever put forward by any Canadian federal government on housing.
What does it include? We recognize in the plan that housing is a big, complicated and multi-faceted challenge. We were upfront with Canadians and said there is no silver bullet, no single measure, not even a single budget that will fix it, but we are rolling up our sleeves and we are working on it. We are doing concrete things: the tax-free first home savings account; the $4-billion housing accelerator fund; a homebuyers' bill of rights, including a plan to end blind bidding; and the unprecedented two-year ban on foreign buyers.
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Madam Speaker, the Department of Fisheries and Oceans has had a massive increase in its budget since 2015. All we need is a simple diversion of funds taken out of the regular science budget that it has right now.
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