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House Hansard - 167

44th Parl. 1st Sess.
March 9, 2023 10:00AM
Context: House Hansard - 167 - Mar/9/23
Mr. Mike Morrice (Kitchener Centre, GP)
  • Mar/9/23 3:11:25 p.m.
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Mr. Speaker, at committee yesterday, grocery store giants like Loblaws claimed they pay their fair share of taxes, but we know that is not true. While regular Canadians struggle with the rising cost of living, the wealthiest corporations in the country are busy avoiding $30 billion in corporate taxes, as they report much higher book profits, which is what they report to shareholders, than they pay in taxable income after exploiting loopholes. The U.S. already has a minimum tax on these higher book profits. Will the governing party follow suit in budget 2023?
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