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Decentralized Democracy

House Hansard - 68

44th Parl. 1st Sess.
May 10, 2022 10:00AM
Context: House Hansard - 68 - May/10/22
Mr. Alexandre Boulerice (Rosemont—La Petite-Patrie, NDP)
  • May/10/22 2:29:44 p.m.
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Mr. Speaker, five of the largest oil companies made nearly $21 billion in net profits in 2021. They really raked in the dough. This year, they have already reached $9 billion and counting, with record prices of $2 a litre. People's purchasing power is shrinking, while the CEOs of the big oil companies are getting bonuses averaging $13 million. It is obscene. When are the Liberals going to tax the excessive profits of the big companies that are taking advantage of the crisis to line their pockets?
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Context: House Hansard - 68 - May/10/22
Right Hon. Justin Trudeau (Prime Minister, Lib.)
  • May/10/22 2:30:20 p.m.
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Mr. Speaker, one of the first things we did in 2015 was to raise taxes on the wealthiest people in Canada so we could lower them for the middle class. We continue to invest to ensure that we have a fairer and tougher tax system for the wealthy. We are currently moving forward with tax increases for the largest banks and corporations that are making the most profits, including the profits they made during the pandemic, to ensure that we can continue to invest for families, seniors and youth, and in order to be there for Canadians.
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Context: House Hansard - 68 - May/10/22
Ms. Rachel Blaney (North Island—Powell River, NDP)
  • May/10/22 2:30:59 p.m.
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Mr. Speaker, while Canadians are being gouged at the pump, big oil and gas continues to make record profits. Imperial Oil made its highest profit in 30 years, and today, media told us that Suncor Energy earnings are almost $3 billion. This is not just companies passing on their costs to consumers. This is companies making tremendous profit. While everyday Canadians in this country pay more than their fair share, when is the government going to make those big companies pay theirs?
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