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House Hansard - 66

44th Parl. 1st Sess.
May 6, 2022 10:00AM
Context: House Hansard - 66 - May/6/22
Mr. Terry Beech (Parliamentary Secretary to the Deputy Prime Minister and Minister of Finance, Lib.)
  • May/6/22 11:36:24 a.m.
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Madam Speaker, to make sure that we have the resources needed to invest in Canadians and help our economy continue to recover from the pandemic, we are ensuring that the wealthiest pay their fair share. Our government is introducing a luxury tax that would apply on the sale of new luxury cars and aircraft with a retail price over $100,000 and new boats over $250,000. We are currently studying this measure at the finance committee, and will continue to work with Canada's entrepreneurs and businesses to grow our economy and to make life more affordable.
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Context: House Hansard - 66 - May/6/22
Mr. Terry Beech (Parliamentary Secretary to the Deputy Prime Minister and Minister of Finance, Lib.)
  • May/6/22 11:46:33 a.m.
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Madam Speaker, small businesses are the backbone of the Canadian economy. Before the pandemic, we cut their taxes from 11% to 9%. During the pandemic, we had their backs: We supported 450,000 businesses and 5.3 million Canadian workers. Now we are going even further by targeting a new small business tax. We are working on reducing credit card fees. This is good news for small business and great news for Canadians and the Canadian economy.
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