44th Parl. 1st Sess.
February 13, 2023 11:00AM
- Feb/13/23 2:19:44 p.m.
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Mr. Speaker, we know that many Canadians are facing real challenges. This is why our government has a plan that is both compassionate and responsible. Here is what we are doing: We have doubled the GST credit; we have provided a $500 top-up to Canadian renters; we are providing dental care to Canadian children; and we are permanently eliminating the interest on student loans. Do you know what, Mr. Speaker? The Conservatives voted against each one of these compassionate and necessary measures.
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- Feb/13/23 2:20:52 p.m.
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Mr. Speaker, it is the Conservatives who need to take responsibility for their reckless and irresponsible plan for the economy. They are saying to Canadians that crypto is a way to opt out of inflation. They want to eviscerate the EI system that so many Canadians depend on. They want to jeopardize seniors' pensions. They voted against early learning and child care for all Canadian children and families.
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- Feb/13/23 2:22:05 p.m.
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Mr. Speaker, our government absolutely understands that many Canadians today are struggling with the cost of living. We also know that the best way to pay the rent and put groceries on the table is by having a job. That is why our government has focused relentlessly on jobs and why the job data for January, when 150,000 jobs were added, is so important. It is important for all of us to recognize that we have recovered 126% of the jobs lost to COVID compared with just 112% in the United—
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- Feb/13/23 2:23:23 p.m.
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Mr. Speaker, we understand that many Canadians are facing real challenges when it comes to affordability. That is why our government has an approach that is both compassionate and responsible.
This is our plan: We have doubled the GST credit, we have provided a $500 top-up to renters, and we have provided dental care to Canadian children.
The Conservatives voted against all of these measures.
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- Feb/13/23 2:37:12 p.m.
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Mr. Speaker, our government will take no lessons from the Conservatives when it comes to protecting Canada's most vulnerable. Thanks to measures put in place by our government, hundreds of thousands of seniors have been lifted out of poverty, as have hundreds of thousands of Canadian children. We have done that while maintaining Canada's AAA credit rating and having the lowest debt and the lowest deficit in the G7.
We can be compassionate and fiscally responsible at the same time. That is what we are doing.
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- Feb/13/23 2:45:35 p.m.
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Mr. Speaker, our government absolutely believes that, in Canada, everyone should pay their fair share. That is why we introduced a 2% tax on share buybacks. In the United States, the tax it introduced was a 1% tax on share buybacks. We have also introduced a tax on luxury yachts, cars and planes and a 15% COVID recovery dividend tax on banks and insurance companies.
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- Feb/13/23 2:54:24 p.m.
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Mr. Speaker, I thank the member for the question. We understand the importance of intergenerational transfers, especially for farmers. We truly want to help families transfer their farms from one generation to the next and that is precisely what we are doing.
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- Feb/13/23 3:07:05 p.m.
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Mr. Speaker, it is always a pleasure to work with the member for Saanich—Gulf Islands. I am very glad to hear her talking about President Biden's comments on the share buyback tax and his view that he would like to see that tax, which is currently at 1% in the United States, quadrupled. The fact is that in Canada we introduced that tax at 2%, which is double the current U.S. level, because we absolutely believe it is appropriate for our tax system to encourage Canadian companies to invest in workers and to invest in the economy.
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