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Decentralized Democracy

House Hansard - 300

44th Parl. 1st Sess.
April 16, 2024 10:00AM
Context: House Hansard - 300 - Apr/16/24
Mr. Alexandre Boulerice (Rosemont—La Petite-Patrie, NDP)
  • Apr/16/24 2:28:52 p.m.
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Mr. Speaker, Canada's largest companies are making huge profits and yet they are among those that pay the least amount of taxes in the world. That was a big gift that the Conservatives gave them and that the Liberals keep on giving. In the United States, President Biden has realized that this is unfair to workers and he is going to make these companies pay what they owe. Here, the Liberals are reluctant. They are dragging their feet. They are beating around the bush. There is a real concern that they do not have the courage to do the right thing. Mr. Speaker, please tell me that I am mistaken about that.
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Context: House Hansard - 300 - Apr/16/24
Ms. Laurel Collins (Victoria, NDP)
  • Apr/16/24 2:30:15 p.m.
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Mr. Speaker, while Canadians are struggling and food bank use is at an all-time high, rich oil and gas CEOs are making record profits. Canadians are frustrated. Sources say that the finance minister backed out from an excess profits tax in this budget. Why? It was because oil and gas lobbyists asked her to. Just as the Conservatives do, the Liberals keep caving to big oil and gas. Why do the Liberals keep protecting the profits of big oil and gas instead of everyday Canadians?
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Context: House Hansard - 300 - Apr/16/24
Hon. Jonathan Wilkinson (Minister of Energy and Natural Resources, Lib.)
  • Apr/16/24 2:30:49 p.m.
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Mr. Speaker, we have introduced a tax on share buybacks across the economy to tackle exactly that: excess profits. I would point out that Canada is the first and only G20 country to have eliminated inefficient fossil fuel subsidies. Canada is putting into place the world's first and only oil and gas emissions cap to hold the industry accountable for its own commitments. In contrast, the Conservative leader has pledged to his oil and gas CEO donors to make pollution free again. We know who is in the pockets of oil and gas. It is that party over there.
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Context: House Hansard - 300 - Apr/16/24
Mr. Don Davies (Vancouver Kingsway, NDP)
  • Apr/16/24 4:46:20 p.m.
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Mr. Speaker, New Democrats know that Canadians are facing a serious economic and climate crisis. Millions of people are struggling to make ends meet and are worried about the future of their children. That is why we have used our seats in the House to successfully press for meaningful relief and progress in this budget in numerous areas. Those include building more homes; preserving existing affordable housing and protecting renters; delivering universal public pharmacare, starting with contraception and diabetes medications and devices; establishing a national school nutrition program; reversing damaging cuts to indigenous services; and helping workers transition to a sustainable economy. However, despite record corporate profits across many sectors, from food conglomerates to oil and gas multinationals, there is nothing to ensure the corporate sector pays its fair share so that we can better fund the services Canadians need. Can the minister explain why she declined to raise corporate tax rates in Canada, despite them being among the lowest in the OECD and despite the U.S. doing so, in the face of record prices and profits? Was the lobbying that effective?
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