44th Parl. 1st Sess.
November 16, 2022 02:00PM
- Nov/16/22 2:24:28 p.m.
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Mr. Speaker, today we found out that the inflation rate is three times higher than the Bank of Canada's target.
Canadians are paying up to 30% more for some foods, and the price is only going up. The price of gas is up 10% and the price of food in general is up 11%.
The government's solution is to continue with inflationary deficits and taxes, tripling taxes on gas, heat and groceries. Will the Liberals cancel these inflationary taxes and spending so Canadians can afford to eat, heat and house themselves?
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- Nov/16/22 2:27:10 p.m.
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Mr. Speaker, that is the minister who advised Canadians that there would be deflation rather than inflation. Her government said inflation and interest rates would stay low for decades, so they should borrow up a storm. Her most recent advice is that Canadians should pay their $6,000 home heating bills by cancelling their $13 Disney+ subscription. That is the advice we are getting from the finance minister. It is no wonder we have 40-year highs in inflation.
Why will the government not reverse its inflationary taxes so that Canadians can afford to live?
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- Nov/16/22 3:03:23 p.m.
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Mr. Speaker, grocery prices continue to soar, and gas prices are hitting a record high. That means parents cannot afford to pay their bills and feed their kids, and they are terrified where the next paycheque will come from. The Liberals' answer to this is “Just cancel your $13-a-month Disney+ subscription.” That is how out of touch the Prime Minister truly is.
Will the Prime Minister stop his inflationary spending and stop raising taxes?
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- Nov/16/22 3:03:57 p.m.
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Mr. Speaker, we know that Canadians are going through a tough time. We are all in a global inflationary cycle. We are not going to take any lessons from the member opposite, whose leader advised Canadians to invest in crypto as a hedge against inflation. That was totally irresponsible and totally reckless. It would have ruined people's savings.
I can tell members that the compassionate approach is to double the GST credit, to permanently eliminate interest on student loans, to make sure that $500 top-ups go to people who need it for housing, to cut child care fees in half and to provide dental care to half a million kids. That is the compassionate and responsible thing to do. It is what we are doing.
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- Nov/16/22 3:04:33 p.m.
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Mr. Speaker, even future Liberal leader Mark Carney has confirmed that inflation is homegrown. Why will the minister not?
Inflation has reached the highest rate in four decades, and now Bank of Canada governor, Tiff Macklem, has stated that increasingly the inflation we are seeing in Canada reflects what is going on in Canada. Canadians cannot continue to afford this NDP and Liberal coalition.
Will the Prime Minister stop his inflationary spending and stop raising taxes?
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- Nov/16/22 3:09:16 p.m.
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Mr. Speaker, winter is here and Canadians will be paying thousands more dollars to heat their homes because of the inflationary Liberal carbon tax. They will paying more for everything because of the out-of-control spending of this greedy NDP-Liberal costly coalition. Canadians need help now.
Will the Liberals end their inflationary spending and cancel their plans to triple taxes on gas, groceries and home heating?
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Mr. Speaker, I listened carefully to my colleague's speech. He spoke about many things, but he forgot some important things. He forgot to mention seniors, the most vulnerable in our society.
Once again, we do not understand why the Liberal government continues to discriminate against seniors. It did so in August 2021 when it magically came up with $500 cheques to send to people aged 75 and over.
As we know, those great magicians are unable to deliver passports, but they can deliver cheques in mailboxes the day before an election, or even the day or the week before calling an election.
Let us continue. They have increased old age security for those aged 75 and over. They have created two classes of seniors. People are eligible for a pension at age 65, but the increase to which people would usually be entitled is only for those aged 75 and over. How can this government continue to discriminate against seniors?
We see that again with this economic update, despite the raging inflation. We are dealing with the worst inflationary crisis in 40 years, yet the government is doing absolutely nothing for the most vulnerable, who are having to turn to food banks. In my riding, demand is growing. People have to make agonizing choices between food and medication.
When will this government do something for seniors?
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Madam Speaker, we are against it because these are inflationary measures. Even Mark Carney said that Canada's inflation is domestically generated.
As long as we are comparing ourselves to other countries, why not compare ourselves to countries such as Switzerland that do not have inflation?
Should the government copy countries that are not handling things well, that are taking insignificant measures and creating problems? The answer is no. We should do what needs to be done for Canada here in Canada.
If we cannot stop inflationary measures, we will end up in a vicious cycle, with Canadians getting poorer and poorer.
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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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