44th Parl. 1st Sess.
December 4, 2023 11:00AM
- Dec/4/23 2:30:24 p.m.
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Mr. Speaker, our government understands that times are tough for many families in Canada. That is why our government is there to support them. Our government is there with the Canada child benefit, which helps less fortunate families and many children in the country.
As far as taxes are concerned, our government implemented taxes on financial institutions to pay for investments made during COVID‑19.
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- Dec/4/23 2:31:47 p.m.
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Mr. Speaker, our government understands that this is a challenging time for too many families across the country, and that is why we are there to support families. We are there to support them with the Canada child benefit. We are there to support them with a historic investment in early learning and child care. There are 2.3 million Canadians who have been lifted out of poverty thanks to support from our government.
We believe it is important for the biggest companies to pay their fair share. We think we need to introduce more competition into the grocery sector, and we are doing that with a historic transformation of competition law.
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- Dec/4/23 2:47:12 p.m.
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Mr. Speaker, the government absolutely believes that everyone in Canada needs to pay their fair share. That is why we have permanently increased corporate income tax on financial institutions by 1.5%. That is why we implemented a COVID recovery dividend of 15%. That is why we are introducing historic changes to competition law in Canada; these would increase competition, particularly in the grocery sector.
That is going to help Canadian families from coast to coast to coast.
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- Dec/4/23 2:51:05 p.m.
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Mr. Speaker, I am glad that the member opposite has asked a question about mortgage renewals, because it gives me an opportunity to be sure that all Canadians know about the Canadian mortgage charter, which we published in the fall economic statement a couple of weeks ago.
The Canadian mortgage charter gives Canadians who are facing a mortgage renewal a clear sense of what they have the right to ask their bank to do in terms of tailored support. It is providing Canadians with relief right now, and I urge everyone to take a look.
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- Dec/4/23 2:52:25 p.m.
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Mr. Speaker, as I think every member of the House knows, Canada has a AAA rating and the lowest debt and deficit in the G7.
It is also true that the government invested in Canadians during COVID, and we were proud to do so. We supported nine million Canadians with CERB. We supported more than five million Canadian jobs with the wage subsidy, and we supported 900,000 Canadian businesses with CEBA loans. The leader of the official opposition called those “big, fat government programs”. I call them life rafts for Canadians when they needed them the most.
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- Dec/4/23 2:55:10 p.m.
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Mr. Speaker, let us talk about some facts and reality. The reality is that Canada has the lowest deficit and the lowest debt-to-GDP ratio in the entire G7. The reality is that when we listen to the objective economists whose job it is to judge our fiscal position, the ratings agencies, we have a AAA rating. We made the necessary investments to support Canadians. That is why there are 1.1 million more jobs in Canada than before COVID and why our economy is more than 104% bigger than it was before COVID.
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- Dec/4/23 3:02:58 p.m.
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Mr. Speaker, I would like to start by thanking the member for his hard work for the people of Richmond Centre and all the people of B.C.
Our government is stepping up to lead the national effort to build more homes faster. Just last week, I was at an affordable housing project in downtown Vancouver. That project next May will begin welcoming its first residents into 231 beautiful, new, affordable rental homes, and that is less than three years after shovels first went into the ground.
We are going to keep on working to build more homes faster for Canadians.
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