SoVote

Mrs. Salma Zahid (Scarborough Centre, Lib.)

Dec/5/22 2:49:03 p.m.
Watch

Mr. Speaker, for so many Canadians, finding housing that is affordable is becoming incredibly challenging. This is especially true in Scarborough and the entire city of Toronto. There is no question we need to continue to do more. Can the Minister of Housing and Diversity and Inclusion please tell the House about the important progress our government is making to ensure every Canadian has affordable housing that meets their needs?

70 words

Context: House Hansard - 141 - Dec/5/22

Hon. Ahmed Hussen (Minister of Housing and Diversity and Inclusion, Lib.)

Dec/5/22 2:49:40 p.m.
Watch

Mr. Speaker, I want to thank the hon. member for her strong advocacy on housing in her community. We know how great the need is for affordable housing in various communities across the country, especially in the city of Toronto. That is why last week I was pleased to join the mayor in announcing a federal investment of $90 million to build, renovate, repair and retrofit 750 homes for indigenous peoples, women and children fleeing domestic violence and refugee families. This is just one example of how our investments are making a real and tangible difference in the lives of Canadians, including in communities like Toronto.

106 words

Context: House Hansard - 141 - Dec/5/22

Mr. Francesco Sorbara (Vaughan—Woodbridge, Lib.)

Dec/5/22 3:40:05 p.m.
Watch
Re: Bill C-32

Mr. Speaker, it is always a pleasure to rise to speak to the government's agenda. Today my comments will reflect upon the government's fall economic statement and the measures in Bill C-32, the fall economic statement implementation act, which comes at a critical juncture in the history of Canada and the world, at a time when global energy trade flows and trade flows in general, as well as economic and military alliances, are all being reshaped, and some are being tested. Before I discuss some of the key themes in Bill C-32, I wish to say it is always a pleasure and privilege to rise on behalf of the residents of Vaughan—Woodbridge and the city of Vaughan, who, in my view, are the most entrepreneurial and generous in the country. In fact, the city of Vaughan's entrepreneurial spirit is seen on a daily basis through its over 19,000 businesses, which contribute every day to Canada's success. These entrepreneurs and business leaders take risks, make investments, generate wealth and create jobs and futures, all the while demonstrating a spirit of generosity that is unrivalled. For example, the city of Vaughan is home to the first net new hospital to be built in Ontario in over 30 years, the $1.8-billion Cortellucci Vaughan Hospital. Our community was given a task, a goal, to raise $250 million for the Cortellucci Vaughan Hospital and, in a very few short years, it surpassed that target. For me, the idea is that individuals desire to create wealth. What does that imply? Wealth creation is at the heart of capitalism. It is at the heart of the market system that drives our economy, raises our standard of living and creates jobs and futures for the residents not only of my riding of Vaughan—Woodbridge, but also throughout this blessed country. This notion of wealth creation through trade, investment, done within a democratic system that protects the environment and our health, has lifted billions of people out of poverty around the world and brought with it technological and scientific innovations that continue to move us forward as a country and as a world. Bill C-32 contains the core elements of the fall economic statement, which sets Canada up for success in the coming years by addressing the needs of Canadians today in the context of an inflationary environment. It also thoughtfully addresses the economic transition occurring in the global economy by responding to the competitive challenges laid out by the Biden administration through several pieces of legislation, including the Inflation Reduction Act, all the while ensuring Canada's strong fiscal framework remains intact for today's generations and future generations, including the three children I am blessed with. In economy speak, our AAA ratings are intact, reflective of what is noted as high economic strength and very strong institutional and government framework, in addition to a very effective fiscal policy framework. Since our government's mandate from the citizens of this blessed country in 2015, we have made a commitment to strengthen the middle class and help those working hard to join the middle class. We know that the last few years have not been easy for many Canadians, including those most impacted by inflationary pressures, much of it brought on by global causes. Our government responded, and in Bill C-32 our response is laid out for Canadians. It is to help Canadians deal with inflationary pressures through an affordability plan that demonstrates responsible leadership. Here is what we did and what we are doing to help Canadians. We are doubling the GST tax credit for six months, benefiting over 11 million Canadian households to the tune of $2.5 billion in support. We are providing a $500 top-up to the Canada housing benefit to low-income renters from coast to coast to coast. That is a $500 one-time top-up to 1.8 million renters. We are providing an automatic advance for the Canada workers benefit, a non-refundable tax credit, which is one of the most effective policy instruments, will provide a top-up to income, a benefit that is received by nearly three million hard-working Canadians. This measure would provide over $4 billion over the next six years starting in 2022-23 to be paid in quarterly installments ahead of time, assisting Canadians when they need it most. We are providing the Canada dental benefit, as we committed to. The first interim step is to ensure that Canadian families without insurance, means-tested, will receive funding up to $1,300 over two years for their children under 12 years of age. This is only the first step. I cannot wait to have this measure brought in to help my hard-working seniors, those who have now retired, who built this country, who sacrificed and who need assistance when they do not have dental insurance after they retire. We are eliminating interest on federal student loans and apprenticeship loans. This would be a savings for students and their families, assisting families today and into the future, of $2.7 billion over five years and $550 million on an ongoing basis. There is the Canada-wide early learning and child care agreement. This is personal for me because our family just received notice that the fees are going down for our daughter at the day care we have her enrolled in, which is a day care that has been in Woodbridge for 30 years and is run by great staff. It is such a loving environment. We are so happy our daughter is there. My family is blessed tremendously in many ways. We have been blessed with three beautiful daughters. We have been blessed with a livelihood and support from our families. This is a savings for us, but really this is going to be a savings for so many hard-working families out there from coast to coast to coast. This is real change. Not only do we have the Canada child benefit to the tune of $26 billion, which is paid out tax-free monthly, and not sent to millionaires anymore, but now we also have an early learning and national day care plan that will assist families from coast to coast to coast and reduce expenses. At one time, when our first daughter went to day care, we were paying nearly $2,000 a month, prior to me being elected in 2015, for day care on an after-tax basis in the city of Toronto. Thankfully, our government has responded, and we have been able to put in a full indexation of credits and benefits. For this I have to give credit to another Liberal finance minister Paul Martin, who, on October 18, 2000, brought in a budget where tax brackets were fully indexed and where the credits for the GIS, OAS and CPP were fully indexed. This was to protect against bracket creep, which is an economics or tax term. We know that inflation impacts Canadians everywhere, and if these tax brackets were not indexed, bracket creep and inflation would be a major tax on individuals. Thankfully, under former Liberal finance minister Paul Martin, we indexed everything. These measures are great for today, but what is the plan for tomorrow? One side of this plan is that, today, the Prime Minister was in Ingersoll, Ontario, at the General Motor’s CAMI production plant, to see the first electric commercial vehicle roll off its production facility today. It is the first large-scale plant in Canada making electric vehicles. This is great news for GM workers, their families, the environment and Canada's economy. We were just ranked number two in the battery supply chain, as measured by one of the indexes that Bloomberg uses. Canada is positioned nicely, I would even say sweetly, to be a provider and supplier of choice in electric vehicles along the entire supply chain continuum. The decisions we make today as legislators will affect us for many decades to come in the economic transition to a low-carbon economy with, for example, electric vehicles, and with regard to our strong fiscal framework. I am glad to see that, in this fall economic statement, we would be following through with enlarging the small business tax credit. We had reduced it to 9%. Now we would enlarge it so that more businesses are captured within it. It is a several hundred million dollar benefit to our SMEs, our hard-working small businesses. We know that, at a lower business tax rate, they would be able to invest more into their workers and their facilities, and create more wealth and more jobs, and that is what it is all about. I am so happy to see that we have a critical minerals exploration tax credit of 30%. Again, that is in the fall economic statement. There are a number of measures on the housing front. I look forward to seeing the details of the housing accelerator fund. We know we need to build housing. In my riding, in the city, we have 14,000 units being built by the Vaughan Metropolitan Centre, where the subway comes from the city of Toronto into the city of Vaughan. I know there is an application for another 7,000 units on the other side of the 400 highway that will be going to city council and that I will be opining on personally. We know that we need to move Canada forward. The fall economic statement and the measures in Bill C-32 not only respond to our competitive challenges with respect to the United States, China and other countries, but also ensure we show compassion to Canadian families at a time when they are facing inflationary pressures.

1641 words

All Topics