44th Parl. 1st Sess.
November 4, 2022 10:00AM
- Nov/4/22 11:12:26 a.m.
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Madam Speaker, inflation is at a 40-year high. This week, butter, which is usually a staple on Canadian families' tables, is $8.29 a pound. It has practically become a luxury good. More and more parents are being forced to make agonizing choices, or even worse, to go without meals so their children can eat. Food banks were visited by 1.5 million Canadians in a single month. That is the sad reality, and that is on top of the ever-increasing cost of housing, home heating, groceries and transportation.
The inflation we are currently experiencing is a result of the government's out-of-control spending. The government has had its wallet wide open and its credit card out for years now. It has shown no restraint or forethought. We are in this situation because of the government's recklessness, but now it is time to course correct. If the government is serious, it will not increase taxes. It will reduce taxes and continue to lower the carbon tax.
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- Nov/4/22 11:15:51 a.m.
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Madam Speaker, working people and people on fixed incomes across Canada are struggling with the highest levels of inflation in 40 years. Food bank usage has soared. Let us be clear that our federal and provincial governments are part of the problem.
This inflation crisis is tied to the profiteering of billionaires who have hoarded their wealth on the backs of working people. Instead of putting a stop to it, Liberals and Conservatives keep helping out their billionaire friends, but working people have had enough.
Today, I want to share my absolute solidarity with the 55,000 education workers and CUPE members, who are fighting back against Doug Ford. He, like all Conservatives, claimed to stand up for working people until he got into power and started attacking them.
The looming threat of austerity is something we must also oppose. Working people did not create this crisis. Billionaires created it. We need to tax the rich, close the loopholes, shut down offshore tax havens and support working people, those on fixed incomes, CUPE members and all workers fighting back for our kids, our communities and economic justice for all of us.
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- Nov/4/22 11:22:02 a.m.
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Madam Speaker, global inflation is impacting the world's economy, but Canada's strong fiscal position is helping us make sure that life is more affordable and we are growing an economy that works for everyone. Today, 11 million Canadian households will be receiving hundreds of dollars in their bank accounts because of the doubling of the GST benefit. That is happening today. That includes over 50% of seniors, and students are going to save thousands of dollars because we are permanently eliminating interest on student loans. At the same time, Canada's workers are going to benefit from the investments we are making in clean technology, which is already creating sustainable, clean jobs for everyone.
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- Nov/4/22 11:23:51 a.m.
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Madam Speaker, Canada actually has the lowest projected growth of any advanced economy in the G7. That is on the 25th page of the last budget. The spending of the government is 30% higher. Does one think it is irresponsible that an inflation tax is eating into the paycheques of middle-class Canadians? One in five families are cutting down on their diets. The Prime Minister spent $6,000 a night on the most expensive hotel room in London, while Canadians cannot even pay their rent.
They know and they see the hypocrisy that every other Canadian sees. Why will the member not just finally condemn it?
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- Nov/4/22 11:31:49 a.m.
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Madam Speaker, global inflation is affecting all of the world economies, but Canada's strong fiscal position is helping us make life more affordable. Today, 11 million households will be receiving money in their bank accounts thanks to the doubling of the GST benefit.
We are continuing to make sure that everyone continues to pay their fair share. We are doing this by implementing the Canada recovery dividend, by taxing share buybacks in public companies and by strengthening anti-tax avoidance measures. It is the right thing to do, and we are going to keep doing it.
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- Nov/4/22 11:32:18 a.m.
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Madam Speaker, yesterday’s fall economic statement continues the inflationary spending of the costly coalition and fails to stop tax increases. Temperatures in Alberta have dropped below zero as the province gets blanketed in snow. Albertans are firing up their furnaces and are seeing their gas bills soar as the carbon and inflation taxes eat up their paycheques.
Why will the Liberals not give Canadians some relief and cancel their plan to triple tax on home heating?
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- Nov/4/22 11:35:15 a.m.
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Madam Speaker, I will not get into the various ways that the member has her information wrong. I would rather talk about the fall economic statement from yesterday, which will help Canadian workers, help students with the elimination of the interest on their loans, and help families who are having difficulty buying groceries as they are seeing the cost of things rise due to the global inflation that Canada is not sheltered from. We have a real plan to support Canadians.
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- Nov/4/22 11:36:22 a.m.
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Madam Speaker, we know global inflation is affecting everyone, although Canada is in a pretty good position to be able to help those who are most affected. In fact, inflation in Canada is at 6.9%, while it is higher than 10% in most of Europe and higher than 8% in the United States.
We put forward a plan that is fiscally responsible. It helps invest in making life more affordable. The Conservatives' affordable plan is very straightforward. They want to stop fighting climate change, and they want to tap into the pensions of seniors, right when they need it the most. It is not a responsible plan.
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- Nov/4/22 11:36:57 a.m.
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Madam Speaker, the Liberals' economic update does not deal with the cost of living crisis.
We certainly warned the government that a $500‑billion deficit, $205 billion of which is unjustifiable, would have a direct impact on Canadians. This is cause and effect. The Prime Minister did not listen to us, and as a result, we are seeing the worst inflation in 40 years.
Will he listen to us this time and guarantee no new spending or tax hikes?
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- Nov/4/22 11:38:01 a.m.
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Madam Speaker, no matter what my colleague says, this does not address inflation, which is the highest it has been in 40 years. It is no wonder that 1.5 million Canadians turned to food banks in one month alone.
The Prime Minister tried to make up for it yesterday with the economic update. The problem, however, is that it does not address the cost of living crisis.
Can the Liberals fix their economic statement and assure us that there will be no new spending or tax increases?
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- Nov/4/22 11:41:32 a.m.
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Madam Speaker, $20 billion of inflationary spending, massive tax hikes on everyday essentials, continued high inflation and a potential economic slowdown: all of this in one fiscal update.
Are the Liberals aware of how badly they are failing?
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- Nov/4/22 11:43:30 a.m.
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Madam Speaker, the fall economic statement gets a failing grade. The house is burning down and the Liberals, rather than pouring water on the fire, are pouring fuel on the flames.
Spending is out of control, and it has led to inflation. One and a half million Canadians went to the food bank last month, yet the Liberals still plan to triple their tax on groceries, home heating and fuel.
Will the Liberals cancel their plan to triple the tax on home heating, groceries and fuel?
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- Nov/4/22 11:59:51 a.m.
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Madam Speaker, seniors are more intelligent than the government gives them credit for. Seniors are worse off today than they were seven years ago. Our seniors built this country and deserve better. With a 40-year inflation high and skyrocketing food prices, the Liberal government has implemented a failed plan that will force our seniors to use food banks and choose between eating and heating.
The Liberals had a chance to cancel plans to triple the tax on gas, groceries and home heating that punishes seniors. Why did they not do so?
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- Nov/4/22 12:04:45 p.m.
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Madam Speaker, the economic update released by this costly coalition only features more of the same reckless spending policies that have driven up inflation on Canadians. Now people are worried and wondering how they are going to be able to fill their gas tanks, heat their homes this winter or put food on the table.
When will the Liberals finally stop their spending and cancel their plan to triple the taxes on gas, groceries and home heating?
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