SoVote

Decentralized Democracy

House Hansard - 107

44th Parl. 1st Sess.
October 4, 2022 10:00AM
Context: House Hansard - 107 - Oct/4/22
Mr. Alistair MacGregor (Cowichan—Malahat—Langford, NDP)
  • Oct/4/22 12:18:02 p.m.
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  • Re: Bill C-30 
Mr. Speaker, I would like to acknowledge my colleague's speech. I appreciate the voice she gave to so many important issues, which are important not only in her community, but also in mine and those right across this country. I think here in Canada we actually have a revenue problem. A new report came out today from Canadians for Tax Fairness. It reports that last year, $30 billion less was collected in tax from corporations than would be expected under existing rates. We can look at that revenue problem and look at the fact that oil and gas companies are making well over 100% in profit off of the back of working families right now. I hear Conservatives talk about the carbon tax, but there has not been a word from them on the corporate windfalls in oil and gas, which are affecting their constituents right now. They are not speaking up for them. Could the member expand on the theme of the revenue problem we have in this country and the huge deficits in social spending, housing, health care and the ability to put good quality food on the table? Could she expand on the structural problems we have in place, from both the Liberals and the Conservatives, and how they have done a disservice not only to this generation but also to future generations?
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Context: House Hansard - 107 - Oct/4/22
Ms. Heather McPherson (Edmonton Strathcona, NDP)
  • Oct/4/22 1:03:46 p.m.
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  • Re: Bill C-30 
Mr. Speaker, my colleague talked about how important it is not to put an additional burden on Canadians and not to increase taxation on Canadians. However, what I would like to point out is that it has been over half a century since corporations paid the same rate that Canadians pay, since 1952, in fact. I wonder if the member would be open to the idea of taxing corporations that are making massive profits right now so that they are paying their fair share and we would have that revenue stream in this county.
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Context: House Hansard - 107 - Oct/4/22
Mr. Jagmeet Singh (Burnaby South, NDP)
  • Oct/4/22 2:30:42 p.m.
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Mr. Speaker, we are missing out on $30 billion in revenue because this government refuses to close tax loopholes. Our health care system is in crisis and needs more investments, but this government prefers to protect the profits of the ultrarich rather than defending the interests of ordinary Canadians. When will the government close the tax loopholes being exploited by the ultrarich?
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Context: House Hansard - 107 - Oct/4/22
Mr. Jagmeet Singh (Burnaby South, NDP)
  • Oct/4/22 2:31:50 p.m.
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Mr. Speaker, none of that changes the fact that our country has lost $30 billion in revenue because the Liberal government refuses to end tax loopholes for the superwealthy. Here is the reality. After seven years of the Liberal government being in power, the effective tax rate for corporations is lower today. That is wrong. When will the government stop defending the profits of the superwealthy, stand up for working people and put an end to the tax loopholes for the superwealthy?
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