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Hon. Arif Virani

Member of Parliament
Minister of Justice Attorney General of Canada
Liberal

Parkdale—High Park
Ontario
Voting Attendance: 64%
Expenses Last Quarter: $120,537.19

Government Page

Context: House Hansard - 130 - Nov/18/22

Nov/18/22 10:40:34 a.m.
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Re: Bill C-32

Madam Speaker, I appreciate that housing is a critical feature. It is a critical feature in the province of British Columbia, as it is in my province of Ontario. What we are doing, as I mentioned, are things such as the first-time home buyers' tax credit and the tax-free first home savings account. We have already initiated a national housing strategy. We campaigned in the 2020 election on more housing starts, and we are working co-operatively with many provinces, including my own, to build more housing. I also point to the rapid housing initiative, which has been very targeted in building more housing faster. In terms of inflation, I hope every member of the chamber appreciates the inflationary pressures Canada is facing are not unique to Canada alone. They are being faced by all of our G7 allies, indeed by all of our allies around the planet. In fact, comparatively, Canada's rate of inflation is lower than the United States and all of our G7 allies, which is an important feature for this debate.

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Context: House Hansard - 128 - Nov/16/22

Mr. Arif Virani (Parliamentary Secretary to the Minister of International Trade, Export Promotion, Small Business and Economic Development, Lib.)

Nov/16/22 7:09:23 p.m.
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Madam Speaker, let me outline some of the measures that we are taking to address supports for restaurants and the tourism industry and in terms of addressing the inflation that is affecting all Canadians, including people outside Canada. It is, indeed, a global phenomenon. We know that Canadians and Canadian businesses, along with those in countries around the world, are dealing with inflationary pressures and increasing interest rates. Things like high oil prices and global supply chain disruptions are leading to a scarcity of goods and to rising prices. Those are a serious concern for the member who raised this question, and they are a serious concern for the government. We also understand the important role that restaurants play in communities from coast to coast to coast. In fact, we were there to support them through the pandemic and provided direct support to the hospitality and tourism industry. During the past two and a half years, our government introduced financial support for employees' wages, subsidies for rent, and loans to provide liquidity relief to ensure businesses' survival through the recovery period. We took those actions because small businesses are indeed the heart of Canadian communities and the engine of Canada's economy. This was highlighted by the member for Spadina—Fort York. Small businesses contribute 55% of Canada's GDP and employ 10.8 million Canadians across the country. That is an astounding number, and that is why they deserve our support. What budget 2022 outlined was a range of incentives to help small businesses remain strong through the economic uncertainty that was highlighted by the member who raised this question. We have cut the small business tax rate from 11% to 9%, which is essential to support businesses coming out of the pandemic. We are working to deliver lower credit card fees to reduce this burden on small businesses. We have stated quite clearly in the fall economic statement that if a negotiated solution is not reached, we will table legislation to regulate that sector and regulate those fees. We have also enhanced the small business financing program by increasing annual financing to small businesses by an estimated annual $560 million, helping businesses and their owners access liquidity for start-up costs and intangible assets. Tourism is very vibrant in the riding of Spadina—Fort York. I know this quite well as the member for the riding just adjacent to Spadina—Fort York. We know that virtually all tourism businesses are small businesses themselves, and those tourism businesses employ two million people across this country. Hospitality and tourism is an inclusive industry that provides jobs and opportunities to newcomers, women, youth and indigenous people. These are specific groups that have experienced some of the worst impacts of the global pandemic. We have been supporting these businesses in their efforts to strive for even greater inclusivity, with things like the women entrepreneurship program, the Black entrepreneurship program, and targeted supports for indigenous businesses. Returning to budget 2022, we outlined a proposal for $20 million over two years to support a new indigenous tourism fund to help indigenous tourism recover from the pandemic and position itself for long-term sustainable growth. We also announced a commitment to develop a new federal tourism growth strategy focused on recovery and civility and growth in the long term. To further spur the recovery, jobs and growth of small businesses, we have launched the Canada digital adoption program. CDAP is a $4-billion program that will help restaurants grow their online presence and boost online ordering. These are targeted supports to help the small businesses that the member for Spadina—Fort York is outlining.

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Minister of Justice Attorney General of Canada

Hon. Arif Virani