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Decentralized Democracy

House Hansard - 187

44th Parl. 1st Sess.
April 28, 2023 10:00AM
  • Apr/28/23 10:28:43 a.m.
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Madam Speaker, I think harsh penalties are needed. We must not give criminals a chance in life. Like my colleague, I am a progressive person who believes in sharing the wealth. It is pretty rich for the federal government to claim that it cannot provide decent health transfers because it does not have the money. We know where that money is. At the end of day, it means that our seniors, people aged 65 and older, cannot increase their income, and it means that our emergency rooms are overflowing. That is because our money is sitting in tax havens. Firm action is needed.
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  • Apr/28/23 12:41:28 p.m.
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Mr. Speaker, the member for Nepean raised two areas of amendment: on disclosure of information, such as citizenship, and on the significant interest threshold, which members on our side have raised during the debate today as well. I would like the member's opinion about whether the Liberal Party is open to further amendments on the penalties for corporations and individuals. In some cases, penalties in the legislation go up to $200,000, but are as low as $5,000 in other cases for corporations. Would the member opposite be open to further amendments to ensure that people who seek to launder money in Canada and have a registered corporation at the federal level would be accountable to higher penalties?
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  • Apr/28/23 12:42:27 p.m.
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Mr. Speaker, first on the question of disclosure of information, my understanding is that the bill does disclose citizenship and other details to various law enforcement agencies. However, my view is that citizenship information must be available to the public, too. On the question of imposing penalties, personally I am in favour of changing the penalties if they are too lenient. We have to make it worthwhile. Penalties for the people who break the law should be sufficiently high to cause at least some pain.
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