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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
Hon. Chrystia Freeland (Deputy Prime Minister and Minister of Finance, Lib.)
  • 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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Context: House Hansard - 83 - Jun/7/22
Mr. Jagmeet Singh (Burnaby South, NDP)
  • Jun/7/22 2:33:16 p.m.
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Mr. Speaker, we need to expand the tax that has been proposed for banks to the profitable oil and gas sector and corporate big box stores that are making record profits while Canadians are hungry and cannot afford food. A quarter of Canadians are going hungry because they cannot afford groceries, while corporations are making record profits. Our plan is to tax those excess profits and redistribute the money directly to families. When will this government stand up for families instead of protecting the profits of big corporations?
88 words
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