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House Hansard - 164

44th Parl. 1st Sess.
March 6, 2023 11:00AM
Context: House Hansard - 164 - Mar/6/23
Hon. John McKay
Madam Speaker, I take issue with the member saying this would require companies to do nothing. This is a substantial change in practice. That is number one. Number two is that I disagree profoundly with the analysis the hon. member made. The two places where due diligence legislation has been applied have been ineffective with massive non-compliance. I think it has resulted in one lawsuit over the course of time. What is on offer here today is not a due diligence bill. It is a transparency bill. I would argue that the Australian, British and other experiences have shown that companies that operate in those jurisdictions are in fact cognizant of their supply chains, much more than in the absence of this legislation.
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Context: House Hansard - 164 - Mar/6/23
Hon. Randy Boissonnault (Minister of Tourism and Associate Minister of Finance, Lib.)
  • Mar/6/23 2:50:56 p.m.
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Mr. Speaker, I thank the hon. member for his question. We have been very clear on this. We have spoken with the CEOs of grocery companies in this country. We have referred the matter to the Competition Bureau. My colleague, the Minister of Innovation, Science and Industry, has been very clear on this matter. When it comes to asking large corporations to do their fair share, we have the Canada dividend recovery, which makes sure that the banks and the insurance companies in this country pay their fair share. Profits in excess of $1 billion will be subject to additional tax. We are making sure that Canadians can meet the affordability challenge they are facing. That is our job. We are on it.
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