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Decentralized Democracy

House Hansard - 107

44th Parl. 1st Sess.
October 4, 2022 10:00AM
Context: House Hansard - 107 - Oct/4/22
Mr. Clifford Small
  • Oct/4/22 11:20:19 a.m.
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  • Re: Bill C-30 
Madam Speaker, I agree there is lots of corporate greed. It is now, it has always been and it always will be. However, corporations that manufacture things consume energy. When they consume energy, they pay carbon tax. That carbon tax is tax on goods. Then the goods are shipped out to the grocery store and there is a fuel surcharge. The carbon tax is compounded all the way along. On top of that, HST is thrown on the carbon tax. I know this. I have seen the bills and the invoices. It is not just greed. The number one factor here is the carbon tax.
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Context: House Hansard - 107 - Oct/4/22
Mr. Alistair MacGregor (Cowichan—Malahat—Langford, NDP)
  • Oct/4/22 11:38:11 a.m.
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  • Re: Bill C-30 
Madam Speaker, I did appreciate how the member for Montcalm made mention about corporate profits, especially in oil and gas. If we are going to talk about inflationary costs related to fuel and completely ignore the windfall profits that oil and gas companies are making off the backs of working families right now, we are doing a very real disservice. Today, a report came out from Canadians for Tax Fairness. It reported that Canadian corporations paid $30 billion less than would be expected under the current corporate tax rates, so there is a very real problem here. I wonder if the member for Montcalm can inform the House as to why both the official opposition and the governing Liberals seem to avoid talking about this serious issue in any real and meaningful way.
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Context: House Hansard - 107 - Oct/4/22
Mr. Blake Desjarlais (Edmonton Griesbach, NDP)
  • Oct/4/22 12:34:55 p.m.
  • Watch
  • Re: Bill C-30 
Mr. Speaker, Canadians are going through one of the greatest cost of living crises for this generation. A recent study, for example, showed that 23.6% of Canadians have had to cut back on their food purchases. These are critical foods, from fresh produce to things like flour, but what I have not heard the member mention is the cost of corporate greed. The reality is that people, everyday Canadians, are paying more at the pump and at grocery stores, while the CEO of Sobeys, for example, raked in 15.5% more in his total compensation budget, coming in at $8.6 million. Would the member agree that we have to rein in the massive excess profits of companies like Sobeys that are profiting off the backs of hurting Canadians?
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Context: House Hansard - 107 - Oct/4/22
Ms. Julie Dzerowicz
  • Oct/4/22 5:14:18 p.m.
  • Watch
  • Re: Bill C-30 
Madam Speaker, I agree with the hon. member. I think we work best in this House when we take the best ideas and work together to implement them. We are absolutely raising corporate income tax by 1.5% on Canada's largest, most profitable banks and insurance companies. We have also introduced a recovery dividend of 15% on the excess profits of those institutions during the COVID pandemic. There are a number of other measures that we are putting in place as well.
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