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House Hansard - 123

44th Parl. 1st Sess.
November 2, 2022 02:00PM
Context: House Hansard - 123 - Nov/2/22
Mr. Jasraj Singh Hallan (Calgary Forest Lawn, CPC)
  • Nov/2/22 2:21:54 p.m.
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Mr. Speaker, another day, another $100,000 of new debt, all on the backs of Canadians. The costly coalition has added more to Canada’s debt than every prime minister who came before him combined. The result is record-high, Liberal-made inflation and six consecutive interest rate hikes. The Conservative Leader has been warning for years that out-of-control Liberal spending would cause inflation to balloon. More Liberal spending means the Bank of Canada had to increase the money supply, meaning the printers kept rolling. This led to record Canadian credit card debt and food bank usage. The finance minister wants us to believe she has had an epiphany about spending, even getting her future predecessor from Papineau to utter the words “fiscally responsible”, but these are the arsonists who lit the inflationary fire in the first place. Tomorrow, the finance minister has an opportunity to stop her inflationary spending, stop new taxes, stop punishing Canadians and stop plans to triple the carbon tax.
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Context: House Hansard - 123 - Nov/2/22
Ms. Julie Dabrusin (Parliamentary Secretary to the Minister of Natural Resources and to the Minister of Environment and Climate Change, Lib.)
  • Nov/2/22 6:47:11 p.m.
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Madam Speaker, I want to address the issue of inflation. The elevated inflation experienced now in Canada and, frankly, the rest of the world is a major issue for all Canadians. We do understand that Canadians continue to experience higher costs of living and that many are struggling to make ends meet. However, it is important to remember that inflation is a global phenomenon. It is a lingering result of the COVID pandemic, which has been exacerbated by the war in Ukraine and by the snarled supply chains that are affecting people and businesses around the world. While Canada's inflation rate of 6.9% is less severe than that of many of our peers, like the United States at 8.2%, the United Kingdom at 10.1%, and Germany at 10%, we appreciate that this will continue to be a difficult time for a lot of Canadians. While it is not a made-in-Canada problem, we do have a made-in-Canada solution to help those who need it the most. We are moving forward with our affordability plan, which includes targeted measures worth $12.1 billion. For example, now that Bill C-30 has received royal assent, individuals and families receiving the GST credit will receive additional support starting this week. With Bill C-31, we are proposing the Canada dental benefit for children under 12 in families with an annual income of under $90,000 who do not have access to a private dental plan. I am confident the member for Renfrew—Nipissing—Pembroke can appreciate the positive impacts that our affordability measures are having on her constituents. I would like to remind the House that all of these support measures are targeted and fiscally responsible. Now is not the time to pour unnecessary fuel on the flames of inflation. When it comes to pollution pricing, we know that a national price on pollution is the most effective and least costly way of reducing greenhouse gas emissions. That is why we have moved forward with this system. Climate action is no longer a theoretical political debate. The reality is that it is an economic necessity. Most provinces have their own pollution pricing mechanisms. In the provinces where the federal backstop had to be applied, families get payments to offset the costs of the federal pollution pricing. The reality is that most households are getting back more than they pay. Indeed, in the four provinces where the federal system applies, the climate action incentive payments mean that a family of four will receive $745 in Ontario, $832 in Manitoba, $1,101 in Saskatchewan and $1,079 in Alberta. In addition, families in rural and small communities, like those living in Renfrew—Nipissing—Pembroke, are eligible to receive an extra 10%. This is putting more money back in the pockets of Canadians. This is important work, but I want to also highlight that it is not the entire climate plan. It is one of the tools in the tool box. We are working hard on affordability and at the same time addressing climate change.
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