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Decentralized Democracy

House Hansard - 248

44th Parl. 1st Sess.
November 7, 2023 10:00AM
  • Nov/7/23 10:48:37 a.m.
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Madam Speaker, my colleague just mentioned that, according to the report of the Parliamentary Budget Officer, taxing large profits would bring in $4.2 billion, but for 2023 to 2028, a five-year period, it is roughly $1.5 billion yearly. Heat pumps also require ventilation ducts. In Quebec, people will also need a furnace, because a heat pump will not work when it is colder than -12°C. This amounts to between $8,000 and $20,000 per installation. There are 11 million low-income people in Canada, and even more middle-income earners. Averaging out the cost, for the free heat pump alone, we get $77 billion for this measure, along with one to pay for it that would cost $1 billion yearly. How does that work?
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  • Nov/7/23 11:13:04 a.m.
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Madam Speaker, the motion at hand implies that people who consume more energy will save more on GST than on their heating bill. This means a person would not benefit if they live in an apartment where heat is included in the rent. It also means someone who rents would not be able to get a heat pump because they do not own the home. I would like to ask my colleague a question, or rather offer him some suggestions. Why not expand energy efficiency programs to include low-income families, and maybe even give them preferential access? Why not also expand the programs to renters as well? These would be effective measures for the whole population.
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  • Nov/7/23 1:55:19 p.m.
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Mr. Speaker, the Parliamentary Budget Officer says that a wealth tax could generate a little over $1.05 billion per year, which is $4.2 billion over five years. That is less than the government would save if it were to reduce the subsidies, tax credits and tax avoidance measures it gives to oil companies. Why is the NDP settling for a measure that will not cover the cost of its ideas when it could tackle cleaning up the budget to fund more direct and equitable support for people?
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  • Nov/7/23 3:04:20 p.m.
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Mr. Speaker, a wave of bankruptcies is coming for our SMEs if the federal government does not defer repayment of the Canada emergency business account without the loss of any subsidies. According to the Canadian Association of Insolvency and Restructuring Professionals, more companies filed for insolvency in the last quarter than in the previous 10 years. In Beauport—Limoilou alone, 154 businesses have said they are at risk of bankruptcy. How can the Liberals sacrifice everything they have, when all these companies are asking for is a one-year deferral, not 18 days?
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