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House Hansard - 188

44th Parl. 1st Sess.
May 1, 2023 11:00AM
Context: House Hansard - 188 - May/1/23
Mr. Tony Van Bynen (Newmarket—Aurora, Lib.)
  • May/1/23 6:40:10 p.m.
  • Watch
  • Re: Bill C-47 
Madam Speaker, it is a privilege to lend my voice today in support of Bill C-47, the budget implementation act, on behalf of the government and on behalf of my community of Newmarket—Aurora. Budget 2023 is entitled “A Made-in-Canada Plan: Strong Middle Class, Affordable Economy, Healthy Future”. However, like many things done in Canada, this is a plan that has an impact extending far beyond our borders, and that is because, in order for us to have a healthy future, we must have a healthy world, a world based on the rule of law where no people or nation can be threatened, subjugated or destroyed by illegal acts of aggression. That is why, since Russia's illegal, full-scale invasion of Ukraine, Canada has supported the people of Ukraine as they fight for their sovereignty and democracy, and for democracy around the world. Canada will stand with them for as long as it takes. With more than $8 billion in total aid, Canada has provided critical financial assistance to the Ukraine government and has provided significant military and humanitarian support. In particular, Canada has sanctioned over 1,800 individuals and entities since February 2022. We have played a key role in the development of price caps on Russian oil and petroleum products to deprive the Kremlin of revenues to fund its illegal war. In fact, on March 2, 2022, Canada became the first country to revoke Russian and Belarusian eligibility for most favoured nation status, placing Russia and Belarus in the same category as North Korea, and in turn applying the 35% general tariff to virtually all Russian and Belarusian imports. Similar measures were subsequently implemented by the United States, the United Kingdom and other major trading partners. Canada is playing a leading role in efforts to cut Russia off from the global economy and to hold Putin and his cronies accountable for their illegal war on Ukraine. With budget 2023, we are taking this measure one step further by proposing to amend the Customs Tariff to indefinitely extend the withdrawal of most favoured nation preferred tariff treatment for Russian and Belarusian imports. Bill C-47 would make this change a reality, and it needs our support as parliamentarians. Our government's efforts to secure a safer world also includes working with our partners on the Russian elites, proxies, and oligarchs, or REPO, task force to block or freeze more than 58 billion dollars' worth of assets from sanctioned individuals and entities. Budget 2023, once again, builds upon these efforts. It does so by proposing targeted changes in the Special Economic Measures Act and the Justice for Victims of Corrupt Foreign Officials Act, known as the Sergei Magnitsky Law, which would support the effectiveness of seizure, forfeiture and disposal framework introduced in 2022 as a means of holding Russia accountable for its illegal invasion of Ukraine. These changes represent an important step in strengthening our ability to pursue the assets of those who have enabled Russia's unjust war and to use them to help finance Ukrainian reconstruction. The budget also proposes to make a related amendment to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act to aid in these efforts. The changes would require the Financial Transactions and Reports Analysis Centre of Canada to disclose information to the Minister of Foreign Affairs in certain circumstances. We are proposing these changes, because serious financial crimes, such as money laundering, terrorist financing and evasion of financial sanctions, threaten the safety of Canadians and the integrity of our financial system. Canada needs a comprehensive, responsive and modern system to counter these sophisticated, evolving threats.
611 words
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