44th Parl. 1st Sess.
October 31, 2022 11:00AM
- Oct/31/22 2:21:01 p.m.
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Mr. Speaker, we have a concrete plan to address inflation. It involves reducing child care fees for families, doubling the GST/HST credit, providing an additional one-time $500 payment for housing and providing dental coverage for 500,000 kids.
What is ironic is that when the Conservatives had the opportunity to vote to support Canadians, they voted against it.
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- Oct/31/22 2:22:09 p.m.
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Mr. Speaker, on inflation, the government is taking concrete steps to reduce child care fees. In my own province, it is over $6,000 on average per family. We are doubling the GST credit, providing a one-time, $500 payment for renters, and 500,000 kids will get the dental coverage they have never had before.
What is ironic in the House is that when the Conservatives had the chance to vote for Canadians, they voted against them. We voted for them.
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- Oct/31/22 2:29:50 p.m.
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Mr. Speaker, prices are now so bad that 20% of Canadian families are skipping meals to cut down on food costs. As interest rates continue to rise, Canadians need their government to act to reduce costs.
In the fall economic statement, the government has an opportunity to do that. It can make it easier to prosecute grocery price fixers. It can implement a windfall profit tax to ensure big companies are not using inflation as an excuse for highway robbery.
It took the government six months to take the NDP's advice to double the GST tax credit. How long is it going to take this time for the Liberals to see the light and implement these simple, helpful measures?
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- Oct/31/22 2:32:45 p.m.
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Mr. Speaker, we recognize the challenges that Canadians and seniors are facing with paying their bills and for their groceries. That is precisely why we have been there for them. That is why we have doubled the GST credit, putting more money into the pockets of Canadians. That is exactly why we are helping them with rent and dental support. That is why we actually increased the old age security by 10% for those 75 and over.
On this side of the House, we will continue to deliver for all Canadians.
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- Oct/31/22 3:02:12 p.m.
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Mr. Speaker, our government has a fiscally responsible, prudent and targeted plan that is going to put money in the pockets of Canadians who need it the most. We are not only increasing the Canada workers benefit. We have doubled the GST and we have a $500 payment going to low-income renters. We are going to help half a million kids have dental support possibly for the first time in their lives.
I do not know what it is the Conservatives have against helping kids, but on our side of aisle, we have the backs of Canadians.
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- Oct/31/22 7:07:18 p.m.
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Mr. Speaker, I want to thank the hon. member for his motion, which was debated in this place earlier in the month. I was pleased to see it received unanimous support.
My colleague across the way is right. Canadian families are struggling with the rising cost of essential purchases. For seven years now, our government has been working to build an economy that works for everyone, and for seven years we have been doing just that. We have introduced measures that have helped grow the economy, created jobs and created a fairer and more level playing field for Canadians.
Our government is keenly aware that rising prices, which have been seen around the world, are impacting Canadians. High inflation is a global phenomenon caused by events beyond our control. The root of the problem is not Canadian, but we have a made-in-Canada solution to help people who need it the most.
Now that Bill C-30 has received royal assent, individuals and families receiving the GST credit will receive an additional $2.5 billion in support starting in early November.
With Bill C-31 and the support of the New Democratic Party, we are proposing to create the Canada dental benefit for children under 12 in families with annual incomes under $90,000 who do not have access to a private dental plan. The bill also proposes a one-time top-up to the Canada housing benefit, which would put $500 in the pockets of nearly two million renters who are struggling to pay their rent.
These two bills stand as a testament to what can be achieved in this place when members from all parties work together, and I am sure the hon. member can appreciate the impact these measures will have for Canadians who are struggling to make ends meet.
I am also happy to see the Competition Bureau has launched a study on food pricing in the grocery sector. It is completely unacceptable to take advantage of a crisis to raise prices on consumers. We expect the Competition Bureau to act swiftly if there is evidence of unlawful or anti-competitive behaviour in the marketplace. If there is evidence of anti-competitive behaviour, the Minister of Innovation, Science and Industry will ask the Competition Bureau to investigate promptly and take appropriate action.
We brought in universal child care that is helping young families, including my own, as my son and his family benefit from the program. I would also like to reassure my hon. colleague our government firmly believes in tax fairness. Since 2015, we have worked to ensure the wealthiest people and businesses pay their fair share, and we will continue to do so.
In budget 2022, we announced a permanent increase in the corporate income tax rate by 1.5% on the largest, most profitable banks and life insurance company groups in Canada. Budget 2022 also announced a temporary Canada recovery dividend, under which banks and life insurance groups would pay a one-time 15% tax on the 2020 and 2021 average taxable income above $1 billion to recover some of the benefits conferred to financial institutions from the government's pandemic supports.
Later this week, the Deputy Prime Minister and Minister of Finance will release the fall economic statement, which will lay out some of the steps our government will take toward a brighter future for our country. Our government is doing everything we can to make life affordable for Canadians. We will also continue to make the Canadian tax system fairer so we can continue to deliver the effective programs and services Canadians deserve.
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- Oct/31/22 7:10:52 p.m.
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Mr. Speaker, a record number of Canadians are having to resort to food banks right now. This is a shocking statistic for a country as wealthy as Canada. We can juxtapose that with the record profits grocery chains are making. Canadians are seeing the high prices of food, looking at the record profits oil and gas companies are making and juxtaposing that with the high prices Canadians are paying at the pumps.
I am glad to see the Liberals followed our lead and agreed to bring in things such as dental care, the rental benefit and doubling the GST credit. These are things we have been calling for for quite some time, and I am glad to see the Liberals follow our lead on this, but more needs to be done.
More needs to be done, and Canadians need to see their government will no longer let corporations and rich CEOs pad their wallets and use inflation as an excuse for doing so. Therefore, I am looking for a commitment from the parliamentary secretary to see that instituted, followed up on and brought forward in the fall economic statement.
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