44th Parl. 1st Sess.
April 25, 2023 10:00AM
Madam Speaker, I certainly have much more optimism than the member across the way regarding the position our country is in. It is a lot to say that a country is broken. I could not disagree more with the member.
Yes, from time to time we certainly have work to do, and right now, with the rising costs we are seeing throughout the country and indeed throughout the entire world, we have to help Canadians and support them. However, there are many measures in this budget implementation act that seek to do exactly that, whether it is increasing the GST to help people with the rising costs of groceries the member just mentioned or it is the various other supports in there.
I am wondering if the member can explain, if he is so concerned about people in his community, as he has just indicated, why he cannot support this budget, which takes aim at helping them directly.
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Madam Speaker, I heard the member talk, towards the end of his speech, specifically about the battery supply chain, questioning why we do not seem to be able to accomplish that in Canada. Meanwhile, I am wondering if he is aware that his own colleague, the member for Hastings—Lennox and Addington, which is the neighbouring riding to mine in Ontario, has the largest investment coming into her riding, in terms of battery manufacturing for electric vehicles. It will be the largest plant in North America, expanded on by the company Umicore, from Europe.
I am wondering if he is even aware of that, and how he thinks that will impact the supply chain.
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Madam Speaker, the member just referenced the presence in the House of a minister, a member of the House, and the member should not be making those references. Perhaps she can rethink the way to say that.
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Madam Speaker, it is an honour to rise today to speak to the budget implementation act. This is a budget that will impact so many Canadians in various ways, and I will spend my time focused on a few of those.
The one issue I want to talk about, which I have not heard talked about a lot, is the initiative that has been put into the budget with respect to doubling the tax credit for individuals who are in the trades for the tools they need to purchase for their particular trade. We know that, in our country, there is a lot of demand right now for people in the trades. We would pretty much pay whatever is asked these days if we are looking to hire a plumber, electrician, drywaller, a painter or just anybody in the trades. There is high demand right now in this country, and we need to get more people involved in the trades. I have been saying for years now that I genuinely believe that this is where the money is in the future.
So many people throughout Canada's history came to this country seeking better lives. For some reason, at least within my family, and I think of my grandparents who immigrated from Holland and Italy many years ago, all they wanted for their children was to be professionals in terms of doctors, lawyers and other such professions. There seems to have always been this stigma towards getting involved in the trades, as though it was somehow not as well regarded as being a doctor or lawyer. However, this is where we need people working right now. I encourage people, on a daily basis, including my son who just graduated from high school, to get involved in a trade, especially if they do not know what they want to do with their lives. It is a great way to get started in the workforce by getting involved in a trade. This budget specifically seeks to assist people in doing that by doubling the tax credit available for the tools that are required for a skilled trade.
Another item in the budget that I have not heard talked about a lot are the supports that are in there for Ukraine. I am glad to see that the rhetoric from politicians in the United States, and I think particularly of Donald Trump and Governor DeSantis of Florida, who have been questioning the role of the west, or in their case the role of the United States, in Ukraine has not found its way into this House. There seems to continue to be broad support in terms of resources from Canada going to Ukraine.
It is indeed an issue of democracy to stand up and support Ukraine in any way possible. We can think about what this world would be like if Vladimir Putin was successful with his efforts in Ukraine. He certainly would not stop there, and look to other countries to invade until, I am sure, he met his end objective, which is solidifying that Soviet bloc that used to exist during the Cold War. So it is in the interest of western democracies, western civilization, to ensure that Ukraine is successful and wins this unwanted war with Russia, or with Vladimir Putin specifically, I should say. To that end, it is the responsibility, at least in my opinion, of other allied countries to support Ukraine in any way we can. That is why I am very pleased to see ongoing supports in this budget that specifically target it.
When I was on the defence committee, I had the opportunity to travel, study Operations Unifier and Reassurance, and see the incredible things that Canadian troops were doing abroad. It was really moving, while I was in Ukraine as part of the defence committee study, to sit with the chair of Ukraine's defence committee and hear him say to us that other allied countries were lining up behind the Canadian brigade. They wanted to be part of the Canadian brigade, because it was Canada leading it.
That says a lot about a country. That says a lot about the reputation that a country has throughout the world, when there are other brigades being led by the United States, for example, and countries like Italy and Poland are saying that they want to be part of the Canadian brigade. That speaks tremendous value to what we have to offer. I am very glad to see the ongoing resources that are being allocated through this budget toward supporting Ukraine.
I am even more encouraged by the fact that we are not having that rhetoric that we are seeing in the United States coming from people like Donald Trump and Ron DeSantis, specifically about questioning whether or not there is a role for our country to be playing in supporting Ukraine. Indeed, there is.
The other thing I wanted to talk about, again an issue that I have not heard talked about a lot in this budget debate, is specifically the section of it that relates to crypto protections. It is not a mystery to most Canadians who have been following politics that the Leader of the Opposition, back in the heyday, not long ago, of cryptocurrency, when he went and purchased a shawarma, I think he was live on Facebook or Twitter at the time, made the exchange by paying for that with bitcoin. It was celebrated by him and his entourage with him at that event.
From that moment on, he started talking up cryptocurrency and how important it was to embrace the change of how we were going to transact in the future. There is no doubt that there are real discussions to be had about blockchain and crypto currency, more generally speaking, but the reality of the situation is that, in Canada, we rely on the Canadian dollar as our only peg, as we reference back to value and what we are going to use as a form of currency in this country.
When we have the Leader of the Opposition, who is openly out there, encouraging people to invest in bitcoin, almost as though he is encouraging them to bet against the Canadian dollar, it is extremely discouraging.
In this budget, there are specific resources being put towards the Office of the Superintendent of Financial Institutions to consult with banking institutions to ensure that they disclose what their exposure to cryptocurrency is, in terms of how much they are investing in it. Also, it would be a requirement for federally regulated pensions to disclose how much of those pensions are invested in crypto currency.
There is also a provision to ensure that any tax deductions being made as they relate to GST and HST, and the treatment of anybody who was mining specifically, and if they were making claims against paying GST and HST, and trying to get a refund out of it, would not be considered supply for HST purposes, and the input tax credits specifically would not be available.
It is extremely important that we stand firmly behind the Canadian dollar as the only form of currency in this country. The Bank of Canada, only two blocks away from here, provides a valuable service to our country, in terms of being at arm's length from this place and from the government, and being given direction on what we expect the inflationary rate to be, and to ensure that it gets to that as expeditiously as possible, and to maintain that.
That leads me to the last part of my speech, and that is specifically with respect to inflation. Inflation is, indeed, something that is not just happening in Canada, despite the fact that folks from across the way would like to suggest that this is a made-in-Canada problem, that only Canada is experiencing inflation. That could not be further from the truth. Canada is actually, of the OECD countries, one of the countries that is experiencing lower levels of inflation.
That does not provide a lot of comfort, and understandably so, to those who are experiencing inflation, especially as it relates to some of those very important items that we need, like groceries. However, it is important to understand the context. It is important to understand that inflation is not something that is just in Canada. It is throughout the world. When we live in a globalized economy and have as many trade deals as Canada does with other parts of the world, it is only understandable that we will be impacted by others' inflation as well.
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Madam Speaker, that is an excellent question. There is actually a really good answer to it. NATO, and the U.S. in particular, is asking all countries to spend 2% of their GDP. The problem is that not every country measures that in the same way. For example, the U.K. includes pensions in its 2%. The United States includes their Coast Guard because it has armed vessels. In Canada, our Coast Guard does not have armed vessels, so we do not include it in our 2%.
The other thing it does not account for is what I talked about before, and that is the incredible value that Canada has. We punch above our weight compared with the dollar value of our military capacity. When Canada goes abroad, our troops are so well regarded, as I indicated, that other nations want to line up and be part of the Canadian brigade because of the reputation we have. That is priceless. One cannot put a price on that.
I respect the fact that NATO is trying to get somewhere by saying everybody should spend 2%. However, for starters, it is very difficult to measure. Moreover, the reality is that when trying to measure it, one can exclude things like the value that a country has outside of the monetary portion.
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Madam Speaker, I am not sure if trees work the same way in Quebec as they do in the rest of Canada. One starts with a seedling; that seedling takes time to properly germinate and get to the point where one can actually get out there and plant it. I know the member would like to think that if we commit to planting a billion trees, we should be walking out there with shovels and starting to plant them the next day. The reality of the situation is that it does not happen that way.
We should all set very ambitious targets in relation to our environmental commitments. We should all strive to do even more than we possibly can because of the dire circumstances that we are in. However, to trivialize the reality of the task in planting that many trees and the process it takes to do so is not a genuine way to debate.
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Madam Speaker, I started my speech by talking specifically about trades and the increase in the tax credit for individuals in the trades, where the amount has been doubled. We need more trades and more people in the trades in this country. We need to support that in any way we can.
I am unfamiliar with the particular organization that the member is talking about, and I would love to hear more about it.
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- Apr/25/23 6:25:08 p.m.
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Mr. Speaker, the member for Winnipeg North and I respect the conversation. I apologize if there was some mistake. We were having a private conversation among ourselves and perhaps we were too loud. I apologize to the member for that. We certainly were not commenting on the content of her speech.
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Madam Speaker, what an absolute load of revisionist history that was. The member said that the economy was not doing well even before COVID. We had the lowest debt-to-GDP ratio in the G7, and we still do, by the way. We had an AAA credit rating. We had the lowest unemployment rate since we started recording it in the 1960s. To suggest that the economy was not absolutely booming in Canada before COVID is absolutely ludicrous, but I am not surprised to hear it from that member.
What I find even more interesting from Conservatives is that they seem to be really hung up on the idea that we are branding a GST rebate as a grocery rebate. Who cares what we call it? At the end of the day, the Conservatives are voting against it. They are voting against Canadians' getting more GST back to help them with the rising costs that have been affected by global inflation.
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Madam Speaker, he only named two vacations and one was in 2016. Could he actually answer the question?
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Madam Speaker, I may be mistaken, but I believe I heard the member say that Conservatives ran surpluses under Brian Mulroney and Stephen Harper. That statement could be no further from the truth. As a matter of fact, between Brian Mulroney and Stephen Harper, there were only two surpluses in the entire time both prime ministers were around. The first was on the heels of Paul Martin and the surplus he left for Brian Mulroney. The second came in 2015 at the expense of slashing veterans services and selling shares of GM at bargain prices.
Once again I am learning a new revisionist history given to us by the Conservatives. No Conservative prime minister in the last three decades ran a surplus, with the exception of the two I just mentioned. Perhaps the member can inform the House as to where he is getting his data from. It is clearly not based on the reality of what actually happened.
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