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Decentralized Democracy

House Hansard - 129

44th Parl. 1st Sess.
November 17, 2022 10:00AM
Context: House Hansard - 129 - Nov/17/22
Ms. Lori Idlout (Nunavut, NDP)
  • Nov/17/22 11:09:05 a.m.
  • Watch
  • Re: Bill C-32 
Uqaqtittiji, there are 16 Northern stores in northern Quebec. Northern showed profits of $13.2 million, and it is subsidized by the nutrition north program. I wonder if the member agrees that the Canada recovery dividend proposed in this bill needs to be extended to the profits of grocery stores, which are in the millions of dollars.
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Context: House Hansard - 129 - Nov/17/22
Mr. Mark Gerretsen (Parliamentary Secretary to the Leader of the Government in the House of Commons (Senate), Lib.)
  • Nov/17/22 12:04:43 p.m.
  • Watch
  • Re: Bill C-32 
Madam Speaker, I would agree with the member in his assessment of the unfortunate reality of corporations using the opportunity of inflation to further expedite the problem by adding more inflation and trying to profit off of it. It is one thing to do this by putting a special tax on it, but how do we do that? He talked about profits of over a billion dollars. How does he see that being implemented practically and the results of that, and how that will be received?
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Context: House Hansard - 129 - Nov/17/22
Mr. Daniel Blaikie
  • Nov/17/22 12:05:27 p.m.
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  • Re: Bill C-32 
Madam Speaker, the way it works in the pandemic dividend in the legislation the government has crafted is that it establishes a baseline profit in advance of the pandemic. Then it looks at the pandemic window and how much more profit was made during the pandemic compared to baseline. That is how it comes up with a threshold. It then applies a tax for profits over that threshold. There is a reasonable method already in place that could be applied to other industries. It would capture industry sensitive differences with respect to the level of profit. We do not like the words “cookie cutter”, but the way this works could be applied to other industries. The level of sensitivity that would be needed and expected is already in the mechanism.
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Context: House Hansard - 129 - Nov/17/22
Ms. Lori Idlout (Nunavut, NDP)
  • Nov/17/22 12:56:10 p.m.
  • Watch
  • Re: Bill C-32 
Uqaqtittiji, as I have mentioned before, food bank usage is up and grocery store profits are up. It is good to see that in the bill the Liberals have created the Canada recovery dividend, but it will not do enough. I wonder if the member can explain why the government has not extended the Canada recovery dividend to big box stores that are clearly contributing to the hardship that people are facing?
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