44th Parl. 1st Sess.
November 1, 2022 10:00AM
- Nov/1/22 12:41:41 p.m.
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Madam Speaker, it is my turn to rise today and to reiterate several things that have already been heard in the House but are still worth repeating.
Our government understands that many Canadians are struggling with the rising cost of living and continue to face higher prices when they go to the grocery store or pay their rent. For many families, it is increasingly difficult to make ends meet.
Inflation is a global phenomenon and a lingering result of the COVID-19 pandemic. It has been exacerbated by the war in Ukraine and by disruptions in supply chains. This phenomenon affects people and businesses around the world. Although Canada’s inflation rate is less severe at 6.9% than that of many of our peers, such the United States, where inflation is now at 8.2%, the United Kingdom, at 10%, and Germany, at 10%, we know that many Canadians are struggling and that we are not out of the woods yet.
Many Canadians will continue facing tough times. Our friends, our families and the people around us will continue to struggle to pay the bills at the end of the month. Every day, we see the cost of groceries rise dramatically. Our economy will slow down, as will economies around the world, while central banks act to fight inflation. There will be people whose mortgage payments will increase, companies or entrepreneurs whose businesses will not do as well as they have since the end of the lockdown. It is quite likely that our unemployment rate will no longer be at its lowest level.
Canadians are worried, and that is why we are moving ahead with measures to support those who need it the most, when they need it the most. Our plan is to make life more affordable, with measures totalling $12.1 billion to help Canadians make ends meet and provide for their families.
Our plan includes an enhanced Canada workers benefit, which will put up to $2,400 more in the pockets of low-income families; an average reduction of 50% in child care costs by the end of the year; a 10% increase to old age security for people 75 or older, which has already been in place for four months; dental care for Canadians with a family income under $90,000 per year, starting with children under the age of 12; an additional one-time payment of $500, coming this year, to help tenants who have trouble paying the cost of housing; doubling the GST credit for six months, which will give additional targeted help to about 11 million individuals and families. Of course, we cannot forget our main support programs, including the Canada child benefit and the GST credit, which will be increasing, as they are already indexed to inflation.
The measures we are putting forward in our affordability plan do not add fuel to the inflation fire. They simply provide targeted and fiscally responsible help to those who need it the most.
Unfortunately, we obviously cannot support every Canadian as we did during COVID-19. We implemented exceptional emergency measures that ensured the safety and solvency of people at the height of the pandemic. We cannot fully compensate every Canadian for the inflation they are now facing, inflation that is, again, fuelled by the global pandemic and Putin’s invasion of Ukraine. Canadians fully understand that doing so would only aggravate and prolong inflation, and that is clearly not what we want. That would also force the Bank of Canada to raise interest rates even higher.
While we are emerging from the COVID-19 pandemic and we support those who are hardest hit by inflation, we continue to pursue a tight fiscal policy. Indeed, this year, the International Monetary fund, the IMF, expects Canada to have the lowest deficit, as well as the lowest net-debt burden, of all governments among G7 countries as a percentage of GDP. This is a track that our country is forecasted to maintain over the coming years.
While many Canadian families have to tighten their belts and make difficult decisions because of inflation, our government is doing the same thing to ensure we do not make the situation worse. We are acting responsibly.
Our government believes that everyone should have a safe, decent and affordable place to live.
That goal was seen as a given for generations, but it is increasingly unattainable for many Canadians. Rents continue to rise across the country, pushing people further and further away from the places where they work and live. There has even been an increase in both visible and invisible homelessness.
That is why Bill C-31 proposes a one-time top-up to the Canada housing benefit that would consist of a tax-free payment of $500 to provide direct support to low-income renters.
That payment would provide direct help to the people most exposed to inflation and those experiencing housing affordability challenges. It is estimated that 1.8 million low-income renters, including students who are struggling with the cost of housing, would be eligible for this new support.
This one-time top-up is part of a broader suite of initiatives introduced in budget 2022, which will invest over $9 billion to make housing more affordable, including by addressing supply shortages, one of the main factors making housing more expensive.
With many families grappling with the rising cost of living, our government understands that it can be hard for them to pay for the dental care they need. Unfortunately, a third of Canadians currently do not have dental insurance, and the 2018 Canadian Community Health Survey suggested that Canadians without insurance were about three times as likely as those with insurance to avoid seeing a dental professional because of cost.
That is why, with Bill C‑31, which is moving through the legislative process, we are proposing to help uninsured families with children under the age of 12 get the dental care they need.
The Canada dental benefit would provide parents with children under the age of 12 who do not have access to dental insurance with direct payments of up to $650 per year, for a total of $1,300 per child over the next two years for dental care beginning this year. It is estimated that 500,000 Canadian children would benefit from this targeted investment of $938 million.
Our government knows that these are tough times for everyone, for all Canadians and all Quebeckers. That is why we are implementing our plan to make life affordable for the most vulnerable.
On Thursday, our colleague, the Minister of Finance and Deputy Prime Minister, will be presenting the fall economic statement, which will outline our government's plan to continue building an economy that works for everyone.
Canadians can count on us to continue managing our finances responsibly, while supporting those who need it the most, when they need it the most.
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- Nov/1/22 12:50:33 p.m.
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Madam Speaker, I thank my colleague for his question.
Like me, he knows that we invested an additional $14 billion in housing in the last budget. We reinvested to extend the rapid housing initiative for a third round. If there is one place that has benefited from the rapid housing initiative in many ways, it is Quebec.
The benefit will support people in need. Fortunately, in Quebec, a lot of people are already in subsidized housing. Part of what allows those units to be subsidized is federal funding, and my colleague knows that very well.
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- Nov/1/22 12:52:05 p.m.
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Madam Speaker, I would like to remind my colleague that his party voted against the measures in the budget, including measures that sought to help families in need with respect to housing.
I would also like to note that we are committed to banning foreign investment, imposing a 1% tax on non-Canadian property owners to curb market speculation and, of course, working on programs that I hope will help most Canadians buy their first home from coast to coast to coast.
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- Nov/1/22 12:53:34 p.m.
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Madam Speaker, I would remind my colleague that, during the pandemic, eight dollars out of every $10 invested to support health care across the country came from the federal government. We made sure to provide the best support possible during the pandemic, from coast to coast to coast.
As for the awarding of contracts and how the public service works, I would like to reiterate what my colleague said earlier: We have faith in our process, our public servants and our departmental employees. Unlike other members of the House, we also believe in the independence of public servants. I hope my colleague believes in that too.
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