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House Hansard - 304

44th Parl. 1st Sess.
April 29, 2024 11:00AM
Context: House Hansard - 304 - Apr/29/24
Mr. Don Davies (Vancouver Kingsway, NDP)
  • Apr/29/24 1:36:11 p.m.
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Mr. Speaker, my hon. colleague talked about the provisions in this budget that would allocate billions of dollars for housing. I think that is an excellent initiative in this budget. I think we all know, across the country, that we are facing what can only be described as a housing crisis. The generation coming up has never before faced such a difficult time finding an affordable place to rent or to own. We have to get money to pay for it, if the federal government is going to be at the table as a partner. In 2022, the government put in a 15% surtax on bank profits over a billion dollars, yet in 2022, the oil and gas industry made record profits of $63 billion. Never before in the history of Canada has it made more money. Why has the government not considered bringing in, at least temporarily, a 15% surtax on excess profits over a billion dollars for the oil and gas industry and using that money to help build houses for Canadians who need them?
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