44th Parl. 1st Sess.
March 29, 2023 02:00PM
- Mar/29/23 2:25:15 p.m.
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Mr. Speaker, during a challenging time in the world, this budget will ensure that Canadians can continue to count on their government being there for them. We are meeting the challenges of today and tomorrow by introducing a new grocery rebate that will deliver targeted support to 11 million Canadians, lowering credit card transaction fees for small businesses, increasing investments in our public health care system, making transformative investments in our economy.
This is a budget of hope and ambition. We are putting in place the building blocks today so that we can realize today's dreams tomorrow.
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- Mar/29/23 2:26:37 p.m.
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Mr. Speaker, we are going to take no lessons from a Leader of the Opposition who tells Canadians to hedge on inflation by putting money into crypto.
Let us look at fiscal responsibility. Canada will have the lowest deficit and the lowest net debt-to-GDP ratio in the G7. The deficit is projected to decline every year. Public debt charges, as a share of the economy, will remain historically low. We have the strongest economic growth in the G7, with 830,000 jobs created since the beginning of the pandemic, and a record 85.7% participation of Canadian women in the labour force.
The future is bright for Canada, and this budget delivers that future.
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- Mar/29/23 2:46:48 p.m.
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Mr. Speaker, Conservatives can lack ambition for this country, but the Liberals know that we have a golden opportunity to build the economy for the future, to have hundreds of thousands of jobs in hydrogen, clean tech and green tech to feed and fuel the world. That is why our budget puts in the building blocks for the economy of the future, puts a marker down to help Canadians struggling with inflation and reinforces our health care system for the next 10 years.
The Conservatives do not like it. Canadians asked us to do it and that is our job. We are going to continue to deliver for Canadians.
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- Mar/29/23 2:50:29 p.m.
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Mr. Speaker, during these difficult times around the world, the budget tells Canadians they can continue to count on the government being at their side.
We will meet the challenge posed today and in the future by introducing a new grocery rebate that will benefit 11 million Canadians. We will increase payments for the health system.
We will invest in the future of our economy. We will lay the cornerstone for a strong economy and a strong future. It is our duty, and we will do it for and with Canadians.
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- Mar/29/23 2:55:29 p.m.
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Mr. Speaker, I would like to thank my colleague and friend from Etobicoke—Lakeshore and indeed all members of the Liberal caucus for raising this important issue for the government and for the hard work on the file.
In the budget we tabled yesterday, we temporarily capped the excise inflation adjustment for alcohol at 2% for one year as of April 1, 2023. This important—
Some hon. members: Oh, oh!
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- Mar/29/23 2:56:12 p.m.
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Mr. Speaker, I would like to thank the member for Etobicoke—Lakeshore and all Liberals for leaning in on this issue. In the budget yesterday, we capped the inflation excise tax at 2%. That is great news for the tourism sector and great news for Canadians. We listened, and we delivered.
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- Mar/29/23 2:59:56 p.m.
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Mr. Speaker, my colleague opposite can look at the budget, right in the lines, and see very clearly that the deficit would continue to go down every single year for the next five years. In fact, this year's budget is lower than last year's budget, and all of this is happening amid great economic headwinds around the globe.
Canada has the lowest deficit in the G7. It has the lowest debt in the G7 and the lowest debt-to-GDP ratio in all of the G7. Those are the facts, and that is on our watch.
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- Mar/29/23 3:03:39 p.m.
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Mr. Speaker, we have an income tax regime here in Canada and a tax system that requires all Canadians to pay their fair share.
Let us look at the budget announcements for Quebec. There is $447 million for Quebec through a health transfer top-up; $47.8 million over 9 years to redevelop the Bonaventure expressway; and new investments, meaning over $1 million, to protect French in Quebec.
We are meeting expectations, and the Bloc wants to pick a fight.
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- Mar/29/23 3:14:08 p.m.
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Mr. Speaker, I want to thank the member for Hamilton Mountain for her hard work on the file.
The budget aims to ensure that Canadians have more money in their pockets and invest in the challenges that we are facing today. It delivers on affordability by making sure there is a new grocery rebate that will help 11 million Canadians. It stabilizes and invests in our health care system in the long term, and it makes transformative investments to fight climate change, to build the economy of the future and to support Canadian businesses. That is what budget 2023 is about: delivering for Canadians.
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- Mar/29/23 3:15:26 p.m.
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Mr. Speaker, I thank the hon. leader of the NDP for raising this question because we have done something in budget 2023 that is new and demonstrates leadership by our Liberal government. In the top investment tax credits, whether it is clean technology, hydrogen or the clean electricity grid, to earn the top credits, there needs to be labour participation. That labour participation needs to include apprentices. It will mean prevailing wages, as our labour partners asked. We are delivering for union workers, and we are delivering for Canadians.
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moved for leave to introduce Bill C-46, An Act to amend the Federal-Provincial Fiscal Arrangements Act and the Income Tax Act.
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