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Decentralized Democracy

House Hansard - 83

44th Parl. 1st Sess.
June 7, 2022 10:00AM
Context: House Hansard - 83 - Jun/7/22
Mr. Yves Perron (Berthier—Maskinongé, BQ)
  • Jun/7/22 12:51:35 p.m.
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Madam Speaker, I thank my esteemed colleague for his intervention. Rather than eliminating the taxes on gas, does he not think that we should charge a special tax on the profits of oil companies, which have reached a record high this year? We could also introduce a special tax on businesses that made more than $1 billion in profit last year in order to help those most affected. We could stop decreasing the guaranteed income supplement for seniors and increase old age security. We could find solutions other than eliminating a tax, whose only impact will be to make oil companies die of laughter in a few months, when they will have quietly increased their prices to recover those amounts and once again line their pockets, even though they are already handsomely benefiting from the current situation.
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Context: House Hansard - 83 - Jun/7/22
Mr. Mark Gerretsen (Parliamentary Secretary to the Leader of the Government in the House of Commons (Senate), Lib.)
  • Jun/7/22 6:23:50 p.m.
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Mr. Speaker, I heard the member speak towards the end of his speech, as one of his examples, about the way that the government was approaching banks in terms of the excess profits that they have been making over the last couple of years. He would seem to suggest that there are supports that are being given out to banks as we speak. However, the reality of this situation is that there is an excess profit tax that is specifically being applied to banks and other businesses that saw windfall profits during the pandemic. Can the member at least accept the fact that the government has introduced that measure to make sure that banks in particular are paying their fair share as it relates to dealing with the problems that we had during the pandemic and the supports that had to be distributed during the pandemic?
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