44th Parl. 1st Sess.
June 7, 2022 10:00AM
- Jun/7/22 2:24:05 p.m.
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Mr. Speaker, we absolutely understand that affordability matters for Canadians. That is why we are taking action by increasing the Canada workers benefit. This year a family of three is getting $2,300 more. We are increasing the OAS for seniors 75 and over by 10% this year, and there is a $500 top-up for people facing housing affordability challenges.
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- Jun/7/22 2:25:19 p.m.
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Mr. Speaker, what is out of touch is for someone who lives in government accommodation to suggest that a cheque for $2,300 for a family of three working at minimum wage is piddly. It is out of touch to suggest that for a senior over 75 to get an additional $815 is piddly. This is real support for Canadians who need it most.
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- Jun/7/22 2:26:56 p.m.
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Mr. Speaker, the Conservatives love to quote from the Parliamentary Budget Officer's reports so now I would like to quote the Parliamentary Budget Officer, who talked about inflation today. Here is what he said: “The ultimate impetus for the resurgence of high inflation can [be] traced back to the COVID‑19 pandemic. More recently, the Russian invasion of Ukraine has compounded inflationary pressures.”
That is exactly what is happening.
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- Jun/7/22 2:28:17 p.m.
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Mr. Speaker, that is simply not true. The reality is that we understand very well that affordability is important to Canadian families.
That is precisely why we have taken action such as increasing the Canada workers benefit, which gives a single worker an extra $1,000 in benefits. We are providing an additional one-time $500 payment to those struggling to find housing.
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- Jun/7/22 2:32:33 p.m.
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Mr. Speaker, our government is absolutely committed to making sure everyone in Canada pays their fair share and we have taken concrete action. We have permanently raised the corporate income tax on the largest and most profitable banks and insurance companies in Canada by 1.5%. We are introducing a Canada recovery dividend on banks and insurance companies of 15%. We are also putting in place a luxury tax on cars and planes worth more than $100,000 and on boats worth more than $250,000.
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- Jun/7/22 2:33:58 p.m.
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Mr. Speaker, our government is committed to making sure that everyone pays their fair share. We have taken concrete action by permanently raising the corporate income tax on the largest and most profitable corporations, banks and insurance companies and by introducing a 15% Canada recovery dividend on banks and insurance companies.
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- Jun/7/22 2:35:06 p.m.
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Mr. Speaker, the party that needs a coherent policy is the Conservative Party, and it just does not have one. As usual, the Conservatives are failing to pick a lane on fiscal policy. Half of the time they like to talk about deficits and complain about government spending, but the other half of the time, like just now, they praise the expensive multi-billion dollar programs put in place by the governments of other countries, so really, what is the fiscal policy of the Conservative Party of Canada?
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- Jun/7/22 2:38:45 p.m.
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Mr. Speaker, once again, the Conservatives need to pick a lane on fiscal policy. Half of the time, they talk about the deficit and complain about government spending, but the other half of the time, they praise expensive programs proposed by other governments. What are the Conservatives actually advocating for: spending or fiscal responsibility?
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- Jun/7/22 2:54:18 p.m.
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Mr. Speaker, I would like to thank the hon. member, my colleague, for the very hard work that she is doing in her constituency.
We are committed to making housing more affordable for all Canadians. That is why the budget included a tax-free first home savings account, a ban on foreign buyers for two years, a one-time payment of $500 to help people in need, $1.5 billion to support new housing co-ops and a new $4-billion housing accelerator fund.
I look forward to working with my colleague on these important projects.
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