44th Parl. 1st Sess.
September 28, 2022 02:00PM
- Sep/28/22 2:26:07 p.m.
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Mr. Speaker, as usual, the Conservatives are not bothering to even acquaint themselves with the facts. The facts show that the federal government is currently running a surplus of $6.3 billion. The IMF forecasts that Canada will have the lowest deficit in the G7 this year.
We have the lowest debt-to-GDP ratio in the G7 and our AAA credit rating was reaffirmed this year.
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- Sep/28/22 2:27:26 p.m.
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Mr. Speaker, as usual, the Conservatives are not bothering to even acquaint themselves with the facts. Had they bothered to read the latest fiscal monitor, they would know that so far this fiscal year, the federal government is actually running a surplus of $6.3 billion. The IMF forecasts that Canada will have the lowest deficit in the G7 this year. We have the lowest debt-to-GDP ratio in the G7 this year, and our AAA credit rating was reaffirmed earlier this year.
We believe in fiscal responsibility, and that is why we are doing this.
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- Sep/28/22 2:28:44 p.m.
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Mr. Speaker, actually, for middle-class Canadians we have cut taxes and made them better off. Today, a single parent in Ontario with two kids under six and earning $60,000 a year pays nearly $5,600 less in taxes than she did under the Conservatives. She will receive nearly $8,900 more from reduced child care fees and the dental benefit. She will be more than $14,400 better off than she was under the Conservatives.
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- Sep/28/22 2:30:07 p.m.
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Mr. Speaker, do colleagues know who is out of touch? A Conservative leader who thinks that now is a good time to slash pension savings. The reckless Conservative scheme would cost $3.8 billion a year, so that means the Conservatives are planning to either increase our deficit by $3.8 billion or slash the retirement income of our seniors.
They need to come clean. Do they plan to slash pensions and increase the deficit, or did they just not bother to think that far ahead?
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- Sep/28/22 2:31:28 p.m.
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Mr. Speaker, let us talk about a centrepiece of the Conservative economic agenda. Recently, the member for Kingston and the Islands asked the Conservative leader directly if he was finally ready to flip-flop on cryptocurrency and Bitcoin. In response, the Conservative leader could not even bring himself to utter the words “crypto” or “Bitcoin”. Maybe that is because since he offered his reckless advice, Bitcoin has fallen by 56%.
It is time for the Conservative leader to apologize to those Canadians who made the mistake of listening to him.
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- Sep/28/22 2:32:53 p.m.
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Mr. Speaker, we believe in the strength of our asylum and immigration systems. We are working closely with stakeholders on the border situation. We will always work closely with all of our partners to respect our national and international obligations towards asylum seekers.
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- Sep/28/22 2:33:51 p.m.
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Mr. Speaker, what the Canadian and Quebec economies need are workers.
There is a labour shortage right now, particularly in Quebec. We need to work together for our economy and welcome immigrants. We need to be a society that welcomes immigrants. That is what our government is going to do, and I hope that we can work closely with all the members of the House and all the members from Quebec.
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- Sep/28/22 2:35:04 p.m.
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Mr. Speaker, Canadians know that our government is absolutely committed to ensuring that everyone in our amazing country pays their fair share. In fact, we are raising permanently the corporate income tax on the largest, most profitable banks and insurance companies by 1.5%, and we have put in place a 15% recovery dividend on the excess profits of these institutions during COVID. We have also implemented a 10% luxury tax on luxury cars, planes and yachts.
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- Sep/28/22 2:36:19 p.m.
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Mr. Speaker, we have been and remain committed to ensuring that everyone pays their fair share of taxes. That is why we are permanently raising the corporate income tax rate by 1.5% on Canada's largest, most profitable banks and insurance companies. We have also introduced a recovery dividend of 15% on excess profits at these institutions during the COVID pandemic.
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- Sep/28/22 2:39:50 p.m.
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Mr. Speaker, Canadians certainly understand that CPP and EI contributions are how we save for retirement and create a safety net for all Canadians.
In this time of global economic uncertainty, it is completely irresponsible of the Conservatives to suggest that our country should stop setting money aside for Canadians' retirement and a rainy day.
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- Sep/28/22 2:41:10 p.m.
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Mr. Speaker, if the Conservatives had bothered to read the latest financial monitor, they would know that so far this fiscal year, the federal government is running a $6.3‑billion surplus. We have the lowest deficit in the G7. We have a AAA credit rating.
What Canadians should be worried about is the fact that the Conservatives want to slash pensions.
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- Sep/28/22 2:50:16 p.m.
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Mr. Speaker, I agree with Premier Houston that the situation with cell service is entirely unacceptable. Later today, along with the Minister of Innovation, Science and Industry, I will be meeting with the CEOs of Canada's telecommunication providers, and I will be insisting on better service for the people of Atlantic Canada and for Quebeckers, and for a plan to ensure this never happens again.
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- Sep/28/22 2:56:12 p.m.
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Mr. Speaker, here is what the Conservatives want to do: slash pensions, slash EI and ignore climate change.
We have a better plan. I think in their heart of hearts the Conservatives recognize that, which is why they have done a flip-flop on the GST tax credit, so let me invite them today to concede defeat and support the rest of our plan to help Canadians.
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- Sep/28/22 2:57:34 p.m.
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Mr. Speaker, it is time for these Conservatives to come clean with Canadians. Their CPP proposal is an irresponsible scheme to eviscerate the pensions that all Canadians rely on.
As personal finance writer Rob Carrick wrote this week, “Canada Pension Plan premiums are not a tax.” The CPP is the bedrock of the Canadian retirement plan. The Conservatives want to recklessly undermine the pensions all Canadians depend on, but we will not let them.
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- Sep/28/22 3:06:22 p.m.
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Mr. Speaker, let us talk a little about EI.
The EI contribution rate today is $1.58. Next year, it is going to be $1.63. Guess what. Both of those rates are lower than every single year when Stephen Harper was prime minister.
Let us be clear about the Conservatives' schemes. They are proposing to slash our pensions. They are proposing to undermine the EI system. They are even disagreeing with things they actually did when they were—
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