44th Parl. 1st Sess.
October 17, 2023 10:00AM
- Oct/17/23 10:22:00 a.m.
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Mr. Speaker, it is disappointing to hear the leader of the Conservative Party try to simplify it to the degree he has, saying that it is because we spend too much. Yes, we spent money to protect small businesses, the backbone of Canada's economy, during the pandemic. Yes, we spent money in order to support millions of Canadians during the pandemic.
For much of that, the Conservative Party voted in favour of our borrowing money in order to do that, but its members have easily forgotten that. Now they say it is all about the inflation. Yes, inflation is hurting, but the reality check is to take a look at the inflation rates around the world. I am wondering whether the leader of the Conservative Party could be more honest and straightforward with Canadians in regard to the reality of the situation. In comparison to other areas of the world, Canada is doing well.
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- Oct/17/23 10:42:30 a.m.
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Mr. Speaker, one of the biggest things that is affecting the cost of everything is the fact that the cost of doing business is going up. This is indisputable.
The wage earner cannot be lifted up, as has been famously said, by tearing down the wage payer. When they continually attack those who grow the economy and produce wealth, more wealth is not generated. It is better to go after a government that spends beyond its means and gets in the way of development. It is time we unleashed the potential that Canada has by saying, “Yes, we can do better. Yes, we can grow. We are going to stand on the side of our producers.” It is time we did that.
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- Oct/17/23 10:43:20 a.m.
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Mr. Speaker, I will be sharing my time with my friend and colleague, the hon. member for Winnipeg North.
We learned just this morning from Statistics Canada that inflation fell to 3.8% in this country. That is well below market expectations and good news for Canadians as our economy continues to stabilize.
We know that many Canadians are still having trouble making ends meet.
Our government understands that many Canadians are having a tough time these days. That is why our government is working hard to build an economy that works for everyone, with stable prices, strong and sustained growth and high-paying jobs. That is what matters most to Canadians.
There are over 1 million more Canadians in the labour force today than before the pandemic. The OECD and the IMF predict that Canada will have the strongest economic growth in the G7 next year. Moreover, rating agencies, including DBRS Morningstar, confirmed our AAA credit rating last month. That is the foundation for more investments in Canada. Our plan is working.
I want to highlight certain measures that our government introduced recently to continue to support Canadians. We know that for too many of them, including youth and new Canadians, the dream of being homeowners is increasingly unattainable, and the cost of rent keeps rising. I see it back home, especially in Côte-des-Neiges. People are struggling to pay their rent because it keeps rising all the time.
The housing crisis is also affecting our economy. Because of the shortage of housing in our communities, it is difficult for businesses to attract the workers they need to grow and succeed. When people spend more of their income on housing, it means they are spending less money in our communities and on necessities.
That is why we began this fall parliamentary session by introducing Bill C-56 in the very first few days. This bill would enhance the GST rental rebate on new purpose-built rental housing to encourage the construction of more and more rental homes throughout the country, including apartment buildings, student housing and seniors residences right across Canada. For a two-bedroom rental unit valued at $500,000, this GST rebate for residential rental buildings could mean a tax break of $25,000. This is just one more tool to help create the necessary conditions to build the types of housing that Canadians need and families want to live in. This measure would also remove the restriction in the existing GST rules to ensure that public service bodies, such as hospitals and charities, as well as qualifying non-profit organizations that build or purchase purpose-built rental housing, are permitted to claim that 100% enhanced GST rebate.
The government is also calling on provinces that currently apply the provincial sales tax or the provincial portion of the HST to rental housing to join us by matching our enhanced rebate for new rental housing. In fact, Ontario, Nova Scotia, Newfoundland and Labrador, and Prince Edward Island have already announced that they intend to follow our lead by eliminating the provincial component of the HST on those new purpose-built rentals.
Since we moved to remove GST on new rental housing, home builders from coast to coast to coast have announced they will be moving ahead with new or stalled projects. This means more housing for Canadians. I would certainly hope that Conservatives will stop playing procedural games with this bill so that we can deliver this important measure to Canadians because I do fundamentally believe that the Conservatives are supportive of creating more supply in the housing market.
In addition to the enhanced GST rebate, our government recently announced the next step in our plan to address the lack of housing in this country.
To ensure builders have the low-cost financing required to build more rental projects, the government is increasing the Canada Mortgage Bond issuance limit by $20 billion per year and designating the increased amount for funding mortgage loans on multi-unit rental projects insured by CMHC. Eligible rental projects must have at least five rental units and can include apartment buildings, student housing, and senior residences.
There is no fiscal impact for the Government of Canada as a result of this particular measure, and I would like to make that very clear. This is fiscally responsible policy, using policy tools at the government's disposal. This new measure alone would help build up to 30,000 additional rental units every single year. The increase to Canada mortgage bonds builds on the federal government's recent actions to make housing more affordable for Canadians, including the $4-billion housing accelerator fund, which was launched earlier this year, as members know. That fund helps to cut red tape to address outdated local policies, such as zoning issues that are preventing construction. It allows us to build more homes faster.
The government also introduced the new tax-free first home savings account, which is helping Canadians to contribute up to $40,000 tax-free toward their first down payment.
Since we implemented this new tax-free first home savings account in April, most of Canada's large financial institutions have started offering it. Today, 150,000 Canadians have already opened a tax-free first home savings account and many new accounts are being opened every day.
Our government also understands that inflation is, of course, challenging when it comes to the essentials Canadians must purchase every single day, such as food. Earlier this year, we addressed the rising cost of food by delivering targeted inflation relief for 11 million low- and modest-income Canadians and families, those who needed it the most. That was through our one-time grocery rebate, which meant up to an extra $467 for eligible couples with two children and over $200 for single Canadians without children, including single seniors.
I know that this support was welcomed by Canadians, but I also know that more work needs to be done. That is why Bill C-56 proposes to take immediate steps to help make groceries more affordable.
This crucial legislation would introduce a series of amendments to the Competition Act to strengthen competition, especially in the grocery industry. These amendments would give the Competition Bureau more power to investigate and take action when industries engage in unfair competition, such as price-fixing or unreasonable price hikes. They would eliminate the efficiencies argument to stop anti-competitive mergers that end up driving up prices and limiting consumer choice here, in Canada. These amendments would also allow the bureau to block collaboration efforts that undermine competition and consumer choice, for example, when major grocery chains prevent SMEs, their smallest competitors, from opening stores nearby.
The government continues to work with leaders of Canada's five largest grocery chains and, of course, domestic and international food processors, to take this action to stabilize food prices. Price stabilization requires the full engagement of everyone, of the entire supply chain. We are encouraged that grocers and manufacturers have agreed to work with us to find solutions that are in the best interests of Canadians.
In closing, these are real, concrete actions that will make life more affordable for Canadians. More competition will ease the sticker shock at the grocery store checkout line, and that is important. Eliminating the GST on the construction of new homes will get more homes built faster. That, too, is critically important.
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- Oct/17/23 11:10:54 a.m.
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Mr. Speaker, as a government, we have recognized the importance of having updates in regard to the economy, some of the important stats and numbers, so people can feel confident with respect to where the government is and the general direction in which we are going. There will be a fall economic statement by the minister. Of course, it takes into consideration a wide variety of consultations and working with numbers. I am not an actuary, far from it, but I believe that Canadians will be pleased once they get that fall economic update from the government.
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- Oct/17/23 12:22:41 p.m.
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Madam Speaker, I know the member was talking about inflation. What we have seen and what we know with the numbers that have come out today is that the only sector of the economy that continues to experience significant growth in terms of inflation and indeed is pushing up the inflation numbers is the transportation sector. I wonder if the member can comment on how she sees the government bringing in policy that will help to decrease inflation, specifically in the transportation sector.
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- Oct/17/23 12:24:46 p.m.
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Madam Speaker, our Conservative Party has a plan and that plan is to use the technology in this country to ensure that we are green. One of the things that we have to look at is the windmills. Does anyone here know that it takes 176,000 gallons of oil to service the windmills in this country?
If we stopped oil production, who is going to service those windmills? We need to make sure that the carbon tax is kept under control, because with the carbon tax, people cannot afford their homes. They cannot afford to feed their families. They cannot afford to go to the grocery stores. They cannot afford the gas in their car to drive to work. That is going to hurt the economy.
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- Oct/17/23 12:40:25 p.m.
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Madam Speaker, this gives me the opportunity to actually let my hon. colleague know what our plan is. First of all, we are seeing today that productivity is as bad as it was back in the Great Depression. We would make sure to bring up productivity, including by getting more of our resources to market to make sure more of Canada gets our low-carbon intense energy and to bring better jobs and a better economy to this country.
We would also bring in a dollar-for-dollar law under our next prime minister, the member for Carleton, where we would have to find a dollar of savings for every dollar the government spends. Because of the failed policies of the Liberal-NDP government, Canadians are having to make the choice of finding a dollar of saving to spend a dollar, just because of how bad things have gotten and how much their taxes are hurting them. The government should work that exact same way. The government needs to work for the people, and that is how we would do it.
We would bring in a dollar-for-dollar law and make sure we got rid of all the wasteful spending, such as the $22 billion that was spent on worthless Liberal insider consultants because the ministers are too incompetent to do their own jobs.
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- Oct/17/23 12:54:31 p.m.
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Madam Speaker, I think those are challenges that our government is continuing to consider, and we are working to find solutions. We are talking about how our government can continue to invest to support Canadians across the country. By investing in housing and child care services, we are ensuring that women can participate in the economy and that we can grow our economy and support Canadians across the country.
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- Oct/17/23 12:57:12 p.m.
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Madam Speaker, it is wonderful for me to have the opportunity to participate in today's opposition day debate on behalf of the residents of my riding of Davenport.
The topic touches on Canadian debt levels, inflation and mortgages. It is not a surprise, as I am sure it is the case right across the country, that inflation is top of mind for Davenport residents. Affordability is a huge issue, so it is an important topic for us to be discussing today.
I always like to start with context. It is always good to remind ourselves of a few things.
In early 2020, we had the start of a global pandemic. During the first half of 2020, 95% of the world's economy suffered a simultaneous contraction. This has never happened before. Three billion adults were laid off from their jobs or tried to work from home.
The sum of lost earnings just in the first months of the pandemic was $10 trillion U.S. That is more than one-tenth of the global GDP. It was a massive shock to the global economy, the Canadian economy and all economies around the world, and our economies have been recovering ever since.
Never mind that since then we have also had the unprovoked and brutal attack on Ukraine by Russia and the recent violent and shocking attack by Hamas on Israel and Gaza, among other events in the world. All of these events are putting a further strain on our global economy and its ability to fully recover.
In addition, during the pandemic the Canadian government spent a lot of money to support individuals, small, medium and large businesses and non-profits. We did everything we could to support Canadians and the economy, and to provide an economic foundation from which to pivot, as we knew we would inevitably start coming out of the pandemic at some point.
We spent a lot of money and accumulated debt. We had to do that because we needed to save lives, businesses, non-profits and protect our jobs. We provided a strong financial foundation from which the economy could pivot.
Canadian economists have lauded our actions and have verified that federal government actions have provided that strong economic foundation we need in order to pivot away from a massive recession or depression. We have succeeded.
We have also recovered all the jobs that were lost. I think we have recovered more than 129% of the jobs lost from the initial days of the pandemic.
Given that the opposition day motion speaks to mortgages and the risk of higher interest rates on mortgage defaults, I would like to speak for a few minutes on the work we are doing to help Canadians have a safe and affordable place to live.
Let me begin by reminding everyone in the House that our federal government is focused on building an economy that works for everyone, with a strong social safety net, and where everyone plays by the same set of rules. An important component of that is ensuring that every Canadian has a safe and affordable place to call home. We know that for too many Canadians, including young people and new Canadians, the dream of owning a home is increasingly out of reach and paying rent has become more expensive across the country. This lack of affordable housing has an impact on our economy. That is why our government has launched the most ambitious plan that Canada has ever had to ensure they are able to afford a home sometime in the future.
We introduced a national housing strategy in 2017. We have committed over $82 billion to that strategy and to other housing initiatives. We are investing in building more homes and bringing down the barriers that keep them from being built, with the goal of doubling the number of new builds over the next decade. We are ensuring that houses are being used as homes for Canadian families rather than a speculative financial asset class. We are investing in the rental housing that so many count on right now.
I go to the doors quite a lot in my riding of Davenport and housing is a big topic. In response to when people ask me if I think they will ever be able to afford a home in their lifetime, I tell them that I have full confidence they will.
Right now, if all levels of government are working, if we continue to invest the dollars that we have allocated, if we continue to get the red tape and road blocks out of the way, I have full confidence that we will have excellent rental supply, new affordable housing and housing for our most vulnerable come on stream, and the ability for people to live affordably in our cities and towns right across our country.
Let us get into some of the programs we have introduced.
Our federal government is making the down payment on a first home more attainable with the first home savings account, also known as an FHSA. The new tax-free first home savings account is a registered plan to give first-time homebuyers the ability to save up to $40,000 on a tax-free basis. Like a registered retirement savings plan, contributions are tax deductible and withdrawals to purchase a first home, including from investment income, are non-taxable, like a tax-free savings account. This means that savings for a down payment are tax free in and tax free out.
The first home savings account can be combined with the homebuyers plan, which allows Canadians to withdraw from an RRSP to buy or build a qualifying home. This means that individuals who can take full advantage of both the FHSA and the homebuyers plan can accumulate up to $75,000 or up to $150,000 per couple, plus the interest they have earned tax free within their FHSA, toward a down payment on a first home. They can also benefit from the first-time home buyers' tax credit, which our government has doubled to provide up to $1,500 to eligible homebuyers to offset closing costs involved in buying a first home.
The FHSA has been available from financial service providers since April of this year, and as of the beginning of October, over 150,000 Canadians have already opened an account. This is an amazing uptake and proves how effective the program is in supporting a first home purchase.
I also want to talk about the housing accelerator fund. We are requesting that local governments put an end to exclusionary zoning and encourage building apartments and rental housing near public transit in order to have their housing accelerator fund applications approved. This was launched in March 2023. The housing accelerator fund is a $4-billion initiative designed to help cities, towns and indigenous governments unlock new housing supply, about 100,000 units in total, by speeding up development and approvals, like fixing out-of-date permitting systems, introducing zoning reforms to build more density and incentivizing development close to public transit.
Every community across Canada needs to build more homes faster so we can reduce the cost of housing for everyone. I believe the City of Toronto has also applied for the housing accelerator fund, and I really look forward to that getting approved, because we need far more homes in the city of Toronto.
I could talk about a lot of other initiatives, but I know that I am running out of time. However, there is the rapid housing initiative, which has created a lot of homes in less than a year for our most vulnerable. It has been a game changer in my riding of Davenport, and in the city of Toronto, in providing spaces for those who are homeless or near homeless. There are two spots in my riding of Davenport, and I know hundreds of thousands are being built across the country.
Our global economy has had a huge shock with advent of the pandemic. Recovery from this, the global wars under way and other global events are impacting the global economy in its recovery. This is also having a huge impact on inflation and the cost of living.
Our federal government is taking action. We are doing all we can to support Canadians, while striking the right balance to ensure that our efforts do not amplify inflation. We know this will make it harder for Canadians to keep up with the cost of living, and this extends to making Canada's housing market—
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- Oct/17/23 1:22:31 p.m.
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Madam Speaker, I am very pleased to rise today to participate in this official opposition day debate on the cost of living, which is having a major impact on all Canadians.
First of all, let me pay my respects to my new colleague from Oxford, who delivered a very great and powerful speech, as everybody does here on this side of the House.
When we talk about inflation, that is a topic that, unfortunately, Canadians are concerned about the most today. Inflation is affecting everyone, but has the biggest impact on the least fortunate among us and on people who earn the least. That is the problem: Inflation affects everyone, but hits the least fortunate the worst. We have also seen that inflation is greedy and it infiltrates everything from housing to food to transportation.
The government has a major role to play in controlling inflation. Yes, inflation is affecting everyone, but it would not be so bad if we were fortunate enough to have a government that acted responsibly and controlled spending, which it has never done in eight years of governing. After eight years of Liberal governance, what do we see in this country? Inflation is too high and the cost of living is very high. Everything is more expensive and unfortunately the government is to blame for that.
We should remember that these fine people were elected in 2015 on a promise to run three small deficits and balance the budget in 2019. Many people thought it was bold to do that, ambitious even. Many people also knew that it would not work. Unfortunately, we were the ones who said that, and we were right because, in eight years, this government has never been able to balance the budget, control spending or keep its promise of zero deficit. This has a direct impact on inflation.
We should also remember that every time she is asked a question about this these days, the Minister of Finance and Deputy Prime Minister keeps repeating to wait, that the economic update is coming and that we are going to see measures to control inflation.
I would remind the House that a year ago, almost to the day, the Deputy Prime Minister and Minister of Finance tabled the economic update. What did she say at that time? Quite a lot, when you quote her. She said, “What all Canadians want right now is for inflation to keep coming down, and interest rates to fall....that is one of our primary goals in this year's budget: not to pour fuel on the fire of inflation”.
What the minister said was ludicrous, to put it politely. A year ago, she said that we would have a balanced budget by 2028, and that anything less would amount to pouring fuel on the fire of inflation. Six months later, unfortunately, we got $60 billion in new spending, $60 billion worth of fuel that she poured on the fire of inflation. Today, we are struggling with that.
A year ago, the Minister of Finance said that the budget would be balanced by 2028. She did not meet that goal. Six months ago, she tabled a budget that not only ran a deficit, but, more importantly, did not include a plan for achieving a balanced budget. Last week, the Parliamentary Budget Officer observed that the deficit was set to exceed $46 billion, 16% more than forecast six months ago.
These people have no management skills. After eight years of a government whose spending is out of control, Canadians are suffering the direct effects of inflation across the board.
Earlier, my colleague from Oxford was talking about food banks. My riding has the great privilege of having extraordinary volunteers, people whose hearts are in the right place and who work hard to help the less fortunate. However, they tell me over and over again, every time I see them, that food is a basic necessity and demand for their services is going up. Two years ago, people were bringing food to our most vulnerable to help them. Today, those same people are going to the food bank for help. It is outrageous that middle-class people in a G7 country have to line up at food banks. That is the reality of Canada after eight years of this government.
Inflation is affecting young people who want to buy a home. Mortgages, down payments and rents have doubled in the eight years this government has been in power. When people cannot afford proper food and a decent home, that means there are some deeply rooted problems. They are very significant problems that are hitting Canadians and Quebeckers who are struggling with inflation.
That is why this government needs to seize the opportunity. Continued overspending will lead to broken dreams for the next generation.
This morning, the Journal de Québec and the Journal de Montréal, issued by the QMI Press Agency, published a survey conducted by Centraide of Greater Montreal, an agency that has been helping people everywhere for decades. This survey is quite worrisome because it reveals that people are experiencing increasingly high levels of financial anxiety. Some 85% of people say they feel anxious when they talk about their personal finances.
The survey reports on the financial anxiety index of Centraide of Greater Montreal and was conducted in collaboration with Leger. Claude Pinard, director of the Centraide of Greater Montreal, said the following:
People in poverty don’t have a cushion, they’re people who live day to day and try to get through the month. However, when you are this tight, your budget items are entirely occupied by housing and food. If you have credit card or other debts, and if they increase, you no longer have the capacity to pay the essentials.
This is increasingly the reality for many Canadians who are currently struggling with inflation and who see, as we do, as everyone does, that the government is doing nothing to curb inflation. As we know, the best thing a government can do to control inflation is to stop its uncontrolled spending.
I was talking about young people. It is unworthy of a G7 country like Canada to let its young people lose their ambitions and dreams. The survey shows that 85% of Quebeckers are experiencing varying degrees of financial stress. One of the fears reported is that young people aged 18 to 34 will never be able to own their own home. Nearly two-thirds of them think that way. Fully 61% of young Quebeckers have given up on the possibility of becoming homeowners one day. What a sad reality. We need to get a handle on this situation.
To quote Mr. Pinard again, “When we know that it takes an annual income of more than $100,000 to buy in Montreal, many young people say to themselves: we will never be able to buy. Many also do not see the suburbs as an option. They must therefore give up their dream”.
This is heartbreaking and gut-wrenching. At the ripe age of 59, I think I can say that we were all young once. We all had ambitions. We all dreamed of owning a home, as beautifully expressed in the song Dégénérations, which was quoted by our leader in his speech at the Conservative Party convention in Quebec City. If young people lose this dream and see that home ownership in Canada has become impossible after eight years of this Liberal government, it means that we, as a country, as a nation, and despite all our pride, have really gone off the rails. We have to get back on track.
That is why today's motion aims to get the government back on track. The government needs to get its head out of the sand. The government needs to realize that after eight years of uncontrolled spending, we are now paying the cost. It is never too late to do the right thing. That is why we are asking the government to do what any manager should do when a crisis hits: Have a game plan for balancing the budget. We are not asking for a miracle. We are simply asking the government to do what it promised in 2015 but then promptly forgot, and that is to balance the budget. It is the very foundation of the economy. It is at the very basis of respecting the promise made in 2015. It is at the very basis of restoring the confidence and hope of young people who one day want to own their own home, but who today are seeing that dream being shattered by the inflationary crisis that has hit the country and by the irresponsibility of this government, which continues to spend, spend, spend.
In good faith and with the best of intentions, I invite the government to pull itself together, get back on track, and introduce a plan to return to a balanced budget, for the good of all Canadians.
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- Oct/17/23 3:14:29 p.m.
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Mr. Speaker, one of the very sorry things about the conversation coming from that side of the House is the complete rejection of the need to ensure we have a sustainable environment going forward, that the price of entry, in terms of building a strong economy, means actually having a view about environmental sustainability.
When that party was in power, Conservatives gutted the environmental assessment process. They destroyed the faith that Canadians had that we were protecting the environment and we were respecting indigenous rights. We have put in place better rules. We certainly respect the decision of the court, and we will be making the appropriate amendments to ensure the environment is protected and the economy moves forward.
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- Oct/17/23 4:37:31 p.m.
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Mr. Speaker, I just love the way socialists talk about taxes. They always find a way to somehow reach into someone else's pocket to find money to spend.
We believe in free people who live with free markets and free choice. We are the party of freedom. We will give freedom back to Canadians, and we will do it in a more prosperous economy where a rising tide floats all boats. We will see people with powerful paycheques and homes they can afford. Yes, we will use the God-given resources that Canada has and create prosperity with it.
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- Oct/17/23 4:38:22 p.m.
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Mr. Speaker, it gives me great pleasure to rise in the House on behalf of the people of Sackville—Preston—Chezzetcook to speak to the opposition motion. I would like to point out that my voice is not very strong today, so it is going to be much quieter.
The Conservatives, in their motion, are making reference to the fall economic statement. Of course, they know that every November the fall economic statement comes forward. Our government will move forward with much of the legislation, but I am very happy that, as a result of the opposition motion, we will hear all of the good things they have to suggest. We will see if any of them work, and then we can fine-tune them if there is something valuable for us to use to support Canadians.
However, let us talk about the framework of our Canadian economy today. Members must keep in mind that the economy just a year ago was at 8.1% inflation. Today, as we speak, it is down to 3.8%. Already we have seen a quick drop in inflation. Now it is about keeping it going downward.
Canada's economy is strong. We have the lowest deficit in the G7 and the lowest debt-to-GDP ratio in the G7 as well. Last week, it was once again confirmed that we have maintained a AAA rating, which is extremely important. That shows our strength to the world as well. Both the OECD and the International Monetary Fund have clearly indicated that Canada will have the strongest economy in the G7 in 2024.
As we are trying to cool the economy, it is obvious that the economy is extremely strong. Over the month of September, over 64,000 jobs were created. The unemployment rate is down to 5.5%, which is exceptional for our country. The lowest was 5.2% a couple of years ago, before the pandemic. We have not only recaptured the million jobs Canadians created prior to the pandemic, but also created another million since the pandemic. Those are impressive numbers.
That is why we are able to support the most vulnerable Canadians. That is why we are able to support and invest even more in the public health care system. We know the Conservatives believe in the private sector in that section. As well, we have invested in the future prosperity of the country. It is a two-way street. It is a balance between supporting and investing in Canadians long term and investing in capturing more revenue.
Affordability is an issue. There is no question about that. There is no denying that. My kids, going to the grocery store, send me a text or a picture, saying, “Look at the price of this.” We could use the example, as has been used in the House, of the price of lettuce. We understand that.
That is why our government has come forward with many initiatives, and more initiatives are being spoken about and brought in through bills as we speak. The child care benefit brings $5 million a month to families in Sackville—Preston—Chezzetcook, which is $60 million a year. The same thing is happening in the riding of my colleague who is speaking across the floor. In his riding, young families are benefiting from the $60 million in support from the child care benefit.
The early learning initiative, which we brought in last year, was a big investment. Early learning is in 50% of the provinces, bringing the cost down to $10 a day. The rest will follow in the next two years. That is not only a very important investment for young families, but it also allows for more women in the workforce, as well as more flexibility for families.
We have doubled the GST payment for two quarterly payments, helping 11 million Canadians. There was a one-time grocery payment that helped 11 million Canadians. We brought forward the dental plan, and so far we have seen 350,000 children benefit from it. By 2025, we will have more.
Mr. Speaker, I thought I had already mentioned this, but I will be sharing my time with the member for Aurora—Oak Ridges—Richmond Hill.
I want to finish with another big, important framework bill that we brought forward for people with disabilities—
Some hon. members: Oh, oh!
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- Oct/17/23 5:06:51 p.m.
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Mr. Speaker, I enjoy serving with my colleague on the Standing Committee on Agriculture and Agri-Food.
I would agree with her that the Conservatives have concocted a false narrative about the real causes of inflation. They are willfully ignoring what all of the evidence can show anyone who takes the time to look. The unfortunate thing is that the Liberals have been asleep at the switch and have allowed that false narrative to take root.
We have seen 22 months of rising food inflation and people are making difficult choices at the grocery store, yet the minister responsible for that file is only just now giving a stern talking to to grocery CEOs. Canadians are suffering and watching massive corporate profits, and what are those same corporations doing? They are laying off workers and using all of that profit to do stock buybacks and massive dividend payouts, which are often going to foreign investors and not benefiting people in Canada. We have all of this stuff happening.
Does my hon. friend across the way believe her government should be doing more, and what should those steps be? We have an incredible amount of wealth being generated in Canada, but it is going to fewer and fewer people. That is what needs to change for people to have confidence in the economy again.
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