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House Hansard - 100

44th Parl. 1st Sess.
September 22, 2022 10:00AM
Context: House Hansard - 100 - Sep/22/22
Hon. Chrystia Freeland (Deputy Prime Minister and Minister of Finance, Lib.)
  • Sep/22/22 2:48:50 p.m.
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Mr. Speaker, our government has been and continues to be committed to being sure everyone in Canada pays their fair share. That is why we are permanently raising the corporate income tax by 1.5% on the largest, most-profitable banks and insurance companies. That is why we introduced a recovery dividend of 15% on the excess profits of these institutions during COVID. We have implemented, effective September 1, a 10% luxury tax on private jets, luxury cars, boats and yachts.
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