44th Parl. 1st Sess.
June 17, 2022 10:00AM
- Jun/17/22 11:25:31 a.m.
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Madam Speaker, the answer is very simple. We lowered taxes for the middle class, and the Conservatives voted against it. It is unacceptable that today the Conservatives are asking us to do something they refused to do a few years ago.
Yesterday, the Deputy Prime Minister announced our plan to support Canadians during this time of inflation and rising costs of living. It is a serious plan. The Conservatives have no suggestions.
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- Jun/17/22 11:27:35 a.m.
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Madam Speaker, honestly, it is such a shame that one of our colleagues from Quebec is arguing favour of cutting taxes for oil companies when we know we are facing a climate crisis here in Canada and around the world.
We will end up paying a lot more if we do not tackle the climate crisis right now. That is what we this side of the House are doing.
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- Jun/17/22 11:30:52 a.m.
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Madam Speaker, yesterday, the Minister of Finance did give a speech on Bay Street in order to explain to Canadians how we have their backs in this time of unprecedented volatility on a global scale.
In fact, she detailed a five-point plan that is going to help Canadians deal with the inflationary crisis that we are seeing right around the world. We have an affordability plan that is putting money directly back into the pockets of Canadians. What the NDP is proposing is tax hikes on grocery stores, which could only lead to increased prices for groceries—
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- Jun/17/22 11:32:21 a.m.
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Madam Speaker, I would like to thank the finance critic for the NDP for his question and for his work on the finance committee.
I would point out that yesterday's plan announced by our Minister of Finance included many supports that Canadians would feel for the first time this year. For a couple in Ontario with an income of $45,000 and a child in day care, our plan could mean an additional $7,350 this year, above existing benefits. This is real money going back into the pockets of real Canadians.
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- Jun/17/22 11:33:31 a.m.
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Madam Speaker, the Conservatives are making jokes about a very serious situation. Maybe the hon. member saw what happened this week with cryptocurrency. That is the type of economic policy that is coming from the Conservative Party these days. Do the Conservatives not agree that a 50% reduction in child care this year is real savings for Canadian families? Do they not believe that $2,400 in the pockets of a family of three through the Canada workers benefit is real money in the pockets of Canadian workers? They should know that. They voted against all of these measures.
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- Jun/17/22 11:35:04 a.m.
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Madam Speaker, we did cut taxes for Canadians and the Conservatives voted against it. Thank goodness there was other support in the House to ensure that Canadians would see a reduction in their taxes. When it comes to supporting Canadians, we will continue to put in place the measures that put money directly back into the pockets of Canadians. I am thinking of a one-time payment for all Canadians having trouble finding low-income housing that is coming into effect this year. We also have a reduction in child care costs of up to 50% this year. That is real money going back into the pockets of real Canadians.
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- Jun/17/22 11:36:16 a.m.
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Madam Speaker, the Conservatives are changing their tone by the day. Yesterday, the member was accusing us of not spending more money in order to support Canadians, and today he is saying that we are spending too much. Which is it? What we have done is ensure that over the course of the past several months and years, our budgetary planning would ensure that we would be there for Canadians. That—
Some hon. members: Oh, oh!
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- Jun/17/22 11:37:02 a.m.
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Madam Speaker, as I was saying, the Conservatives are changing their story by the day. Yesterday, the hon. member was accusing our government of not adding new spending into the economy in order to support Canadians. Today, he is saying we are spending too much. In fact, Moody's, S&P and all of the credit agencies have reconfirmed our AAA credit rating. The spending that the minister put forward yesterday was included in our fiscal framework. We are there for Canadians while ensuring we do not add fuel to the fire and continue the inflationary spiral.
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- Jun/17/22 11:38:21 a.m.
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Madam Speaker, all of the experts agree that what we have presented is a very fiscally responsible budget in April. S&P and Moody's have reconfirmed our AAA credit rating. Our debt-to-GDP ratio continues to consistently go down. Our economic forecast is absolutely incredible. Experts are predicting that this year and next year Canada will have the highest and fastest growth among G7 countries. We will continue to create jobs and ensure strong economic growth.
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- Jun/17/22 11:39:29 a.m.
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Madam Speaker, the way the GST is administered in this country is that we impose it on the company, in this case the oil company, and it passes it on to consumers. What I have been explaining is that there is no certainty that oil companies will pass those savings directly—
An hon. member: Oh, oh!
I apologize.
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- Jun/17/22 11:40:19 a.m.
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Madam Speaker, I would just say that so far, all the Conservatives have been proposing when it comes to economic policy is either a tax cut for oil companies or elimination of certain tariffs we have imposed on Russia. This is not serious economic policy. What we have proposed is.
Some hon. members: Oh, oh!
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- Jun/17/22 11:41:36 a.m.
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Madam Speaker, I agree with the member opposite. Canadians are feeling it. They are feeling increased prices at the grocery store and at the pump, which is why as prices are increasing, so are our benefits. Many, if not all, of our important benefits supporting Canadians right now are indexed to inflation, which means that they will continue to increase as inflation increases.
Also increasing this year is our support for seniors with the old age security benefit. Also increasing is the Canada workers benefit, and I could go on and on.
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- Jun/17/22 11:42:46 a.m.
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Madam Speaker, I appreciate the Bloc Québécois's question.
What was announced yesterday is still very important. It is a plan to help Canadians who are dealing with the rising cost of living, whether it be through the increase to the Canada workers benefit, the increase to old age security, or the one-time payments to Canadians facing housing affordability challenges.
It is a real plan that ensures that we do not add fuel to the fire and that we manage our economy properly here in Canada.
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- Jun/17/22 11:44:00 a.m.
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Madam Speaker, the Bloc Québécois is accusing us of serving up the same lines. Would he have us add fuel to the fire and spend billions of dollars at a time when inflation is the issue?
We already spent $300 billion during the pandemic to help Canadians. Now is not the time to spend more. Yesterday was simply an opportunity for us to explain the support measures we put in place in the April budget that are there to help Canadians this year.
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- Jun/17/22 11:52:28 a.m.
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Madam Speaker, just yesterday, the Minister of Finance released our affordability plan in order to tackle exactly what my colleague is addressing, and that is the increased cost of living. What we have presented is our plan to increase the Canada workers benefit, to increase old age security, to provide a one-time payment to Canadians finding it difficult to access affordable housing and, of course, our programs are indexed to inflation so they continue to rise. This is a concrete plan.
The member of Parliament for Kitchener—Conestoga is an excellent musician and I would like to tell him, “Rock on, my friend.”
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