44th Parl. 1st Sess.
June 21, 2023 02:00PM
- Jun/21/23 7:55:18 p.m.
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Madam Speaker, it is always wonderful to rise in this most honourable and esteemed House and be with my wonderful colleagues.
Before I begin, I would like to take 40 seconds, as I understand we are nearing the end of the session, just to say some thanks. First I will thank my wife Rose at home, and our three daughters Eliana, Natalia and little Leia, because there is a bit of an age difference there. I want to thank them. We can only travel to Ottawa and do our jobs and be away from our families with the support of our families, so I want to give a quick shout-out to them and tell them that I love them very much and that daddy will see them soon back home.
Second, I say thanks to Pina and Evelina and Francesco and Dima, my team back in Vaughan. I will see them tomorrow at our job fair, where we will be together. I want to say thanks as well to Natalia, Anthony and Sashalie, the team here in Ottawa. Sashalie has been with me for a number of years and has seen me at my best and worst and in my ups and my downs. I want to give a special shout-out to this individual, because she is exceptional in every way. My wife and I treat her like family, and she is a very special individual for our family.
As I begin this evening to speak to the opposition party's opposition day motion, I need to reflect on what our party has put in place since day one in 2015, when I was elected and we formed government. I reflect on everything we have done to move Canada forward, to invest in Canadians, to strengthen our middle class and to assist those working hard to join the middle class. I think about the Canada child benefit and what we have done there. I think about the Canada workers benefit, which we have strengthened three times now. Cheques will be arriving to the hard-working, low-income and middle-income Canadians who will benefit from this.
I will be splitting my time with one of the the most honourable and learned scholars I have the pleasure to work with, the member for London North Centre.
Getting back to the measures we put in place, I reflect on the Canada child benefit, which has lifted hundreds of thousands of children out of poverty, and the Canada workers benefit, which benefits working-class and lower-income Canadians. This measure was first introduced prior to our government, but we have strengthened it so much. I reflect on the climate action incentive plan, on the $10-a-day child care plan, on eliminating interest on student loans and apprenticeships, and the list goes on. It includes raising the basic personal exemption amount to $15,000, which is a tax cut literally in the billions of dollars for Canadians. In 2015, the government lowered the tax rate for middle-income Canadians, which was billions of dollars back in the pockets of Canadians, and asked the most wealthy in our society to pay a bit more. That is how we build an inclusive economy.
We signed trade deals. We completed CETA and got it across the finish line to see trade between Canada and Europe. We signed CUSMA, ensuring that we came out with a strong free trade deal with the United States and Mexico. We completed CPTPP, again putting measures in.
We lowered the small business tax rate from 11% to 9% for small businesses across this country. We put in place a volunteer agreement and then a second agreement to lower credit card user transaction fees for small and medium-sized enterprises across this country, saving business owners literally billions of dollars in the coming years so they can invest back into their businesses.
Since day one, our government has been focused on investing in Canadians and investing in Canada, ensuring we have a strong, favourable investment climate to create jobs. We have seen over 900,000 jobs created here in this beautiful country since the pandemic ended. We have seen our GDP recover. We have had the backs of Canadians and we will continue to do so.
I thank my colleagues for providing me with the opportunity to participate in today's debate.
First, I would like to point out that, contrary to what the opposition would like us to believe, Canadians are not the only ones facing this economic reality. Inflation is a global phenomenon. With the key investments in the economy that were announced in the 2023 budget and also in the 2022 fall economic statement, the government is ensuring that those most in need get support.
I would also like to remind the official opposition that well before this tough economic time started, our government was already investing in the middle class in order to grow the economy and enhance Canada's social safety net, all with a view to making life more affordable for Canadians.
We brought in the Canada child benefit, which has helped lift hundreds of thousands of children out of poverty.
Yes, we lifted Canadians and children out of poverty with the Canada child benefit.
We increased the guaranteed income supplement for single seniors, increased old age security for seniors 75 and over, and enhanced the Canada pension plan with provincial partners to allow more seniors to have the secure and dignified retirement they deserve.
Yes, we came to an agreement with all 10 provinces to enhance and expand the Canada pension plan, which will benefit Canadian workers for generations to come. Unlike the official opposition, which views the Canada pension plan as a tax, we have used it in investing in hard-working Canadians so that they can have a secure and dignified retirement.
In 2021, we made an historic investment in a Canada-wide early learning and affordable child care system. This has already helped reduce the fees for regulated child care by 50% on average and lower fees to only $10 a day in six provinces and territories.
In the province of Ontario, we have already seen a reduction of 53%.
The education minister in the Province of Ontario applauded this agreement. We have worked together on this. Our investment is saving families thousands of dollars of after-tax money. That is their money, and we are going to help them out.
We are going to ensure that kids have the best start in life and we are going to ensure that the national day care plan, with the bill that was passed, will ensure it for generations.
To ensure that every Canadian has safe and affordable housing, we proposed a plan that will help double the number of new homes built in Canada within a decade, help more Canadians buy their first home, and stop the unfair practices that are driving up prices.
With the time I have today, I want to focus on this last point, housing. We know that for too many Canadians, including young Canadians and new Canadians, the dream of home ownership is drifting further and further out of reach, while rent is now more expensive across the country. This shortage of affordable housing is affecting our economy.
Without more homes in our communities, companies have a hard time attracting the workers they need to grow and succeed. When people spend more of their income on housing, they spend less in our communities. The problem is complex and long-standing, and a solid plan is needed to tackle the many different factors that are making housing more expensive in Canada.
First, we believe that homes should be for Canadians to live in, not a financial asset class. The federal government remains concerned with the financialization of housing across Canada, and introduced important measures in budget 2022 to address it, including a two-year ban on foreign investment in Canadian housing, a tax on underused foreign-owned homes, the taxing of assignment sales, and ensuring that property flippers pay their fair share.
Although investors own a significant share of Canada's rental units and will play an important role in building new homes, the government recognizes that too many Canadians have experienced excessive renovations.
I look forward to questions and comments, and I want to wish all of my hon. colleagues a wonderful and safe summer for them and their families and all of their loved ones.
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- Jun/21/23 8:07:36 p.m.
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Madam Speaker, my hon. colleague is someone I have known for many years in the House, and I have travelled with him. I can say the member for Central Okanagan—Similkameen—Nicola is a dear friend.
That is a very important question that I, as an economist, would definitely like to address. I have always believed in Canada maintaining its AAA credit rating. Our deficit-to-GDP ratio should always be on a declining trend, as our deficit-to-GDP ratio is now and is being maintained. I also believe that we must always review our spending. I think that is a natural thing to do. In the budget, we have identified a number of savings, and that was in budget 2023, so we should continue to do that.
We have maintained fiscal prudence in our government. We have done the right thing in having the backs of Canadians during the pandemic. That is why we have recovered so quickly. That was the right thing to do, and any economist I ask would state that. At the same time, we must be fiscally prudent. I have always believed in that. I will continue to believe in that, and I will continue to advocate for that. That is the path we are going on, and we will continue to be on that path.
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- Jun/21/23 8:09:31 p.m.
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Madam Speaker, that was an important question about relations between the provinces and the federal government. Our government has made a lot of progress with the provinces on health agreements that add up to nearly $200 billion. We worked hard during the pandemic to help all the provinces with their expenses and their health care systems. It is very important that we continue to do so. Collaborating with all of the provinces in our beautiful country is very important.
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- Jun/21/23 8:11:05 p.m.
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Madam Speaker, housing is a core issue for all Canadians. What we are seeing here in Canada is what we are seeing worldwide. As part of the Canada-Europe delegation when we were in France two weeks ago, I saw the headline on Le Monde was “La crise du logement...”. It is an issue not only here in Canada.
We are addressing it. We have the $4-billion accelerator fund. We have the rapid housing initiative. We are working with municipalities. We are working with provinces to ensure they receive the resources they need. We do know there are a lot of issues with zoning and housing that are at the city level. The cities are the creatures of the provinces. We understand it is in our Constitution.
We ask members to please understand that our government is seized with this issue. We have been for many years. We will continue helping Canadians to ensure that, if they wish to purchase a home and have a roof over their heads, that we will be there for them.
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