44th Parl. 1st Sess.
November 16, 2022 02:00PM
- Nov/16/22 2:40:30 p.m.
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Mr. Speaker, I thank the member for his question. What we have heard from business groups in Canada, including the Canadian Federation of Independent Business, is that we have to support our small and medium-sized businesses.
In the fall economic statement, we announced plans to work on the credit card system to support small and medium-sized businesses by lowering credit card transaction fees charged by big institutions and big banks.
If we cannot negotiate a solution to this situation, we will introduce legislation. That is how we are supporting small and medium-sized businesses here in Canada.
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- Nov/16/22 2:41:44 p.m.
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Mr. Speaker, what we are hearing about over and over again from small and medium-sized businesses is the issue of supply chains, which the member opposite mentioned. The Minister of Finance announced how we plan to address that in the fall economic statement. As she said, we will support our small and medium-sized businesses.
We will, for example, use an investment tax credit for clean technologies. We will also ensure that there are new sustainable jobs under the union training and innovation program.
The last part is critical to enterprises. What we are doing, by getting tough on share buybacks, is ensuring that people are supporting their employees and not their board of directors.
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- Nov/16/22 7:02:06 p.m.
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Madam Speaker, I want to thank my colleague from Vancouver East for her consistently advocacy on this very pressing issue.
There is no that doubt housing affordability is one of the most pressing issues in the country right now, especially for the most vulnerable, as she articulated. Everyone needs and everyone deserves a safe and affordable place to call home. There is no space between our position and the position of the member opposite on that front.
What I will take issue with is some of the points she made with respect to social and co-op housing. We know that we made a significant investment of $1.5 billion in the last budget, committing to building more units. We talked about historic investments in co-operative housing. I believe the member opposite is fully aware that the Minister of Finance herself grew up in co-operative housing and is deeply committed to expanding the supply of such housing.
This housing includes our commitments to the rapid housing initiative. We announced the details last week, with an expansion of the RHI. That program has consistently exceeded its targets since we introduced it in the early days of the pandemic. It has quickly yielded more than 10,000 new units for people who need them the most. When we talk about people who need it the most, we are talking about initiatives that are focused on women, racialized persons, marginalized persons, indigenous persons and seniors. Those are important objectives to address the vulnerabilities that have been highlighted by the member opposite.
These new steps to boost housing affordability are critical, and we intend to continue in this vein. The 2022 budget reallocated $500 million of funding to launch a new co-operative housing development program, as I mentioned, which is about expanding co-op housing. That includes $1 billion in loans to support co-op housing projects. That is the largest investment in co-op housing for more than 30 years. There is, again, no disparity between the position of the government and the position of the NDP on this particular issue. This investment alone will yield 6,000 new units.
All this activity is building on our efforts and our successes in the housing sector thus far. It is clear there is a housing crisis. We saw that when we were first elected in 2015. We immediately took steps to prioritize housing. We have since created and repaired 440,000 homes. We have taken historic steps to ensure that everyone in this country has a place to call home. That includes people across the spectrum of housing need.
I could give some examples. There is Canadian Forces veteran Bill Beaton, who went from being homeless to living in Veterans' House, a supportive housing facility constructed with funding from the national housing co-investment fund. There is Lianne Leger, a recent university graduate, who was able to make a home for herself in Whitehorse, thanks to the first time home buyer's incentive. There are also the residents of Co:Here housing community, which is in the member opposite's own riding of Vancouver East. That is a 26-unit affordable housing building created through the Government of Canada's bilateral housing agreement with the province.
I want to thank my colleague and her party for her concern about housing affordability in Canada, and point to these significant actions.
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- Nov/16/22 7:06:38 p.m.
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Madam Speaker, I want to pick up on something the member just mentioned, and she mentioned it in her first intervention as well.
When we enacted the legislation that furthers the national housing strategy two Parliaments ago, in the 42nd Parliament, we enshrined housing as a human right. Again, that is a critical component of our government's prioritization of housing. Also, there is agreement on the idea of removing profiteering from the housing sector and stopping the treatment of it as a commodity.
The Auditor General's report is an important report, as is the initiative we have taken to end homelessness and set targets. Meeting those targets is a priority for our government. We will review that report and respond to it accordingly. We have continued to prioritize housing throughout our mandate. We have a plan to keep it that way. We expanded the rapid housing initiative because we believe a safe and affordable place to call home is the right of every Canadian.
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- Nov/16/22 7:09:23 p.m.
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Madam Speaker, let me outline some of the measures that we are taking to address supports for restaurants and the tourism industry and in terms of addressing the inflation that is affecting all Canadians, including people outside Canada. It is, indeed, a global phenomenon.
We know that Canadians and Canadian businesses, along with those in countries around the world, are dealing with inflationary pressures and increasing interest rates. Things like high oil prices and global supply chain disruptions are leading to a scarcity of goods and to rising prices. Those are a serious concern for the member who raised this question, and they are a serious concern for the government.
We also understand the important role that restaurants play in communities from coast to coast to coast. In fact, we were there to support them through the pandemic and provided direct support to the hospitality and tourism industry. During the past two and a half years, our government introduced financial support for employees' wages, subsidies for rent, and loans to provide liquidity relief to ensure businesses' survival through the recovery period.
We took those actions because small businesses are indeed the heart of Canadian communities and the engine of Canada's economy. This was highlighted by the member for Spadina—Fort York. Small businesses contribute 55% of Canada's GDP and employ 10.8 million Canadians across the country. That is an astounding number, and that is why they deserve our support.
What budget 2022 outlined was a range of incentives to help small businesses remain strong through the economic uncertainty that was highlighted by the member who raised this question. We have cut the small business tax rate from 11% to 9%, which is essential to support businesses coming out of the pandemic. We are working to deliver lower credit card fees to reduce this burden on small businesses. We have stated quite clearly in the fall economic statement that if a negotiated solution is not reached, we will table legislation to regulate that sector and regulate those fees. We have also enhanced the small business financing program by increasing annual financing to small businesses by an estimated annual $560 million, helping businesses and their owners access liquidity for start-up costs and intangible assets.
Tourism is very vibrant in the riding of Spadina—Fort York. I know this quite well as the member for the riding just adjacent to Spadina—Fort York. We know that virtually all tourism businesses are small businesses themselves, and those tourism businesses employ two million people across this country. Hospitality and tourism is an inclusive industry that provides jobs and opportunities to newcomers, women, youth and indigenous people. These are specific groups that have experienced some of the worst impacts of the global pandemic.
We have been supporting these businesses in their efforts to strive for even greater inclusivity, with things like the women entrepreneurship program, the Black entrepreneurship program, and targeted supports for indigenous businesses. Returning to budget 2022, we outlined a proposal for $20 million over two years to support a new indigenous tourism fund to help indigenous tourism recover from the pandemic and position itself for long-term sustainable growth.
We also announced a commitment to develop a new federal tourism growth strategy focused on recovery and civility and growth in the long term. To further spur the recovery, jobs and growth of small businesses, we have launched the Canada digital adoption program. CDAP is a $4-billion program that will help restaurants grow their online presence and boost online ordering. These are targeted supports to help the small businesses that the member for Spadina—Fort York is outlining.
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- Nov/16/22 7:14:08 p.m.
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Madam Speaker, in terms of responding directly to the member, I think that a comprehensive plan is under way. We see that through efforts we are taking not only to assist small businesses but also to assist Canadians with their daily costs.
The member and I have ridings in the province of Ontario. We heard today that 90% of the child care centres have signed on to our child care plan. This means that families in his riding and mine would be benefiting from a 25% rebate for the early part of the year and a 50% reduction by the end of the year, in terms of child care costs.
We voted on a GST rebate, which will help 11 million Canadians deal with the rising costs of food.
Is food bank usage an important metric? Absolutely, it is. We cannot turn away from the rising costs of groceries and the impact that is having on Canadians.
What we are doing through targeted measures such as the GST rebate, such as the housing benefit and such as dental care for young people is providing relief to those who need it the most, along with the supports for small businesses that I outlined earlier.
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- Nov/16/22 7:19:02 p.m.
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Madam Speaker, I am going to start off with some general responses to what the member opposite has raised and then go into some specific details.
First, in terms of investment not having occurred in the last seven years, that is categorically incorrect. The largest foreign investment in Canadian history was actually in the Kitimat facility to develop liquefied natural gas to address clients in Asia, particularly for the transition off coal in India and China. That is a $40-billion investment in the province of British Columbia and it was widely supported in the House.
Second, in terms of assisting our allies, I am sure the member opposite, who is a wise individual and contributes well to the debates in this chamber, knows about the $2.6-billion hydrogen energy deal that was struck with our German allies as recently as about a month and a half ago. The proposed site of the project is off the coast of Newfoundland. There is also intense activity on hydrogen and hydrogen cell technology in the member's own province of Alberta, which I am sure he is quite familiar with.
Further to that, we are developing a critical minerals strategy, which has a $4-billion funding investment attached to it. That is to meet the growing need for batteries for vehicles and transportation. These batteries will effectively provide an energy source for vehicles not only on this continent but clearly around the world.
Lastly, although this is a source of dispute between our two parties, we are not going to apologize, nor should we ever, for the fact that energy projects, energy investments and issues that relate to getting Canadian energy abroad always need to go through an important regulatory permitting requirement, which relates to the Impact Assessment Agency. That program is focused on environmental sustainability and indigenous reconciliation. Those are two things that no one should need to apologize for, and they are important priorities for our country, as they should be.
With respect to what we are doing, as the member opposite predicted, I am going to talk about the fact that this is a global problem. I am going to talk about the fact that what we are facing is instability as a result of a pandemic. This is coupled with the fact that we have Russia's illegal and barbaric invasion of Ukraine, which is destabilizing Europe and our European allies.
We are there to support our European allies. That is critical. We will continue to support our European allies with good, clean Canadian energy. We are always willing to entertain projects that meet our permitting process, that meet our sustainability requirements and that meet our ambitious targets, which are being discussed as we speak at COP27 in Sharm el-Sheikh because they are very, very important.
With respect to what has been happening in Europe, we need to understand the impact that Russia's invasion of Ukraine has had on Ukrainians themselves, thousands of whom have been killed or wounded. We must also understand that we have been working consistently on energy projects and a number of other projects to assist our allies and have been working in conjunction with our American partners. That includes sanctions, aid and the encouragement of Ukrainians vis-à-vis the Ukrainian diaspora here. The member opposite would also know, which I am sure he appreciates, that to meet some of those needs, we have increased our oil and gas exports this year by the equivalent of 300,000 barrels per day. That is a direct attempt to meet some of the energy needs that are required by our allies.
It is also important to note that this unjustified invasion has been a wake-up call to the world that countries need to move away from the authoritarian actors the member mentioned and move toward more stable sources and locations of energy. Canada is ready, willing and able to meet those needs, but we will meet them in an environmentally sustainable manner that also addresses indigenous reconciliation.
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- Nov/16/22 7:23:57 p.m.
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Unsurprisingly, Madam Speaker, we have a strong difference of opinion on this side of the House. One is not making stuff up. I do not do that personally, and the government does not do that as a matter of course.
What I am talking about is investments that are being made in energy in this country, and investments that are being made toward sustainable, green and cleaner energy. Those include things like renewables: solar, wind and geothermal energy. Those include even initiatives to export Canadian know-how in nuclear technology around the planet.
The member, in his first intervention, talked about the unfortunate situation in which the Germans were burning coal. That is a very unfortunate situation. I would point out to the member that Germany's reliance on coal comes in part from having been overly reliant on Russian natural gas, and secondly from having turned its back on its own nuclear program.
That is not something we have done in Ontario. Our phase-out of coal was propelled by our substantive nuclear assets in the province of Ontario. That is what we are hoping to do with the rest of the country in terms of the phase-out of coal in places like Alberta and New Brunswick. That is what we will continue to do with our European allies to meet their energy needs.
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