- Member of Parliament
- Member of Parliament
- Liberal
- Scarborough Centre
- Ontario
- Voting Attendance: 66%
- Expenses Last Quarter: $131,199.78
- Government Page
- May/21/24 4:41:44 p.m.
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Madam Speaker, it is a privilege today to rise to speak to the 2024 budget. It is a plan to build more homes faster, help make life cost less and grow the economy in a way that helps every generation get ahead. When I talk to my constituents in Scarborough Centre, they tell me that they want to see our government work to ensure fairness for every generation, including for the youth just finishing school and ready to enter the world, for the families trying to get by and save for the future, and for the seniors looking to live the dignified retirement they have worked so hard for. That is the goal of this budget: growth that lifts everyone up and fairness for every generation.
Let us start with housing. It is consistently the number one priority of my constituents. I will admit our government has not always gotten this right. Successive governments from both parties and at all levels of government, including cities, provinces and the federal government, have failed to work together on housing with the seriousness this issue deserves. That is why we are in a housing crisis in Canada. It is a crisis that impacts every generation. Young people are moving back home after college or university because they cannot afford to move out on their own, homeowners are worried about keeping their homes when their mortgages are up for renewal and seniors are trying to either age at home with dignity or find assisted living that meets both their needs and their budgets.
Inaction in the past does not mean we should not act today. We must act on housing and this budget lays down the federal gauntlet in a serious way with an ambitious plan to unlock 3.87 million homes by 2031. If we are going to do it, we will need to work together, and the federal government is ready to do its share and then some. We would invest $1.5 billion in the Canada rental protection fund to help affordable housing providers acquire units and preserve rents at a stable level for decades to come, preventing those units from being redeveloped into out-of-reach condos or luxury rental units.
The $6-billion Canada housing infrastructure fund would accelerate the construction and upgrading of housing, enabling water, waste-water, storm-water and solid-waste infrastructure that would directly enable new housing supply and help improve densification. More money would be available to cities that legalize more housing zoning for smart density and more missing middle homes. We would leverage the $55-billion apartment construction loan program to partner with provinces to build more rental housing across the country. Provinces would need to make their own investments, cut red tape to begin building faster, and agree to expand protections and rights for renters in order to access federal funding. Solving the housing crisis requires a team Canada approach. Working with the provinces, we are creating the Canadian renters' bill of rights to protect renters from unfair practices, make leases simpler and increase price transparency as well as crack down on renovictions, introduce a nationwide standard lease agreement and require landlords to disclose historical rent prices of the apartments.
We are taking action to make it easier for homeowners to increase Canada's supply of housing by adding additional suites to their home. The new Canada secondary suite loan program would enable homeowners to access up to $40,000 in low-interest loans to add secondary suites to their homes.
More homes need to be built closer to the services that Canadians count on. Transit that is more accessible and reliable means Canadians can spend more time with their friends and family members. It is crucial that all orders of government work together to achieve this. Any community seeking to access long-term, predictable funding through the federal government's permanent public transit fund would be required to take action that directly unlocks housing supply where it is needed most, by eliminating mandatory parking requirements and allowing high-density housing within 800 metres of a high-frequency transit line.
These are just a few of the concrete measures, backed by real dollars, that we are taking to jump-start housing in Canada. We are ready to work with the provinces and cities that are ready to get serious on housing, and we are ready to take on the gatekeepers if they stand in our way.
However, we need to do more than just focus on housing. Affordability is impacting all facets of life in Canada and around the world, and we are taking action. In Scarborough and in many communities across Canada, many children are going to school hungry. It is hard to learn on an empty stomach. Our next generation deserves the best possible start in their lives. That is why we are launching the national school food program to help 400,000 more kids get the food they need through existing school food programs.
Our child care program is saving families thousands of dollars every year, but there still are not enough child care spaces. We will help public and not-for-profit child care providers to build more child care spaces and renovate existing centres. We are investing $8 billion to build more child care spaces, offering student loan forgiveness for rural and remote early childhood educators and training more early childhood educators.
We are taking action to help seniors on a number of important fronts. Since 2017, we have invested $11.8 billion in long-term care and community care, but more action is needed to keep our seniors safe. We will introduce a safe long-term care act to support new national long-term care standards to help ensure safe, reliable and high-quality care and improve infection prevention and control practices. The old age security program, which includes the OAS pension, GIS and other allowances, is the government's largest program. It will provide $80.6 billion to more than seven million seniors in the year 2024-25. Old age security annual program expenditures are projected to grow by close to 24% to almost $100 billion by 2028-29 for Canadian seniors.
Oral health care is an important part of overall health care, and we are rolling out the Canadian dental care plan, starting with Canadian seniors. Since May 1, more than 50,000 Canadian patients have accessed care through the CDCP, and more than 9,000 dental care professionals have signed up to provide care. This program will improve health outcomes and save money for Canadians, starting with our seniors.
We have introduced legislation to help make essential medications more accessible and more affordable for Canadians. The budget includes $1.5 billion to support the launch of the national pharmacare plan. The first phase will ensure the effective rollout of pharmacare by providing immediate support for health care needs of women as well as people with diabetes. More areas will be added very soon.
Budget 2024 is a plan to take bold action to build more homes faster, help make life cost less and grow the economy in a way that is shared by all. This year's budget would drive our economy toward growth that lifts everyone up, because that is fairness for every generation.
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Mr. Speaker, I always welcome the opportunity to rise in this place on behalf of the good people of Scarborough Centre. Today, I rise to speak to a very important piece of legislation, the budget implementation act, which I believe contains a host of measures that speak to the concerns they share with me every day. When I am attending events, knocking on doors, or meeting with constituents, they often talk to me about the cost of living. This is an overarching issue that manifests itself in many ways.
A long-standing issue of concern is access to safe, adequate and affordable housing. Rental housing, when it can even be found, is even more unaffordable and often old and inadequate for the families that want to call our community home. The dream of home ownership, once considered a birthright for hard-working Canadians, is becoming for many a seemingly impossible dream.
It is part of the larger issue of affordability in many aspects of everyday life. While the data shows that Canada has fared better than most other G7 countries when it comes to inflation, that is little comfort to my constituents, who go to the grocery store and find so much of their paycheque just going to put food on the table. This has them looking warily to the future. Will they ever be able to get ahead of the daily grind? Will they be able to find the money to save for their future or to put away for their children’s education?
It is because of concerns like these that the government is laser-focused, including in budget 2023, on affordability. With our made-in-Canada plan, budget 2023 would ensure that Canadians have more money in their pockets and are able to meet the challenges of today and tomorrow, while building a Canada that is more secure, sustainable and affordable for people from coast to coast to coast.
Let us start with everyday expenses. While our opponents across the way want to lower taxes for the wealthiest 1% and hope the money will somehow trickle down to the middle class and those working hard to join it, decades of failed Conservative economic policy show that this does not work. Instead, our government is focused on delivering targeted inflation relief directly to the most vulnerable Canadians to help support them with the cost of living.
That is why, in budget 2023, our government is providing new, targeted inflation relief to the Canadians hardest hit by rising food prices. Budget 2023 introduces a one-time grocery rebate, providing $2.5 billion in targeted inflation relief for 11 million low- and modest-income Canadians and families. The grocery rebate will provide eligible couples with two children with up to an extra $467, single Canadians without children with up to an extra $234, and seniors with an extra $225 on average. An individual or a family would have to be entitled to the GST credit in January 2023 and have filed a 2021 tax return in order to receive the grocery rebate. This additional support would be delivered by the Canada Revenue Agency as soon as possible following the passage of the legislation, using the GST credit system.
Shortly after the budget was released, I visited Atiya's Fresh Farm, a grocery store in my riding, with the Minister of Transport to talk about the grocery rebate. I spoke with several mothers, who told me how the extra help from the grocery rebate would allow them to make better choices when doing the family’s grocery shopping. For families in my riding, this will mean being able to buy healthier options and more fruits and vegetables, instead of cheaper, less nutritious, processed food. That is especially important for children, to ensure they have the energy they need to grow and be active, as well as succeed in their schooling.
Speaking of schooling, with budget 2023 we are also making it easier for families to save for and invest in their children’s future. We are proposing to improve registered education savings plans by increasing limits on certain RESP withdrawals from $5,000 to $8,000 for full-time students, and from $2,500 to $4,000 for part-time students. We are proposing to allow divorced or separated parents to open a joint RESP for their children, which would make it easier and more affordable for parents to save for their children's education.
We are increasing Canada student grants by 40%, providing up to $4,200 for full-time students. We are raising the interest-free Canada student loan limit from $210 to $300 per week of study. We are also waiving the requirement for mature students, aged 22 years or older, to undergo credit screening in order to qualify for federal student grants and loans for the first time, which would allow up to 1,000 additional students to benefit from federal aid in the coming year. This follows other support for students announced by our government, including permanently eliminating interest on Canada student loans and ensuring that borrowers do not need to make payments on their loans until they earn at least $40,000 per year. We are committed to working with students in the years ahead to develop a long-term approach to student financial assistance in time for budget 2024.
Also, on affordability, I have already seen in my community how the Canadian dental care plan is making a difference for lower-income families. It is allowing families that have been putting off dental care for their children to be able to get their children in to see a dentist and make their oral care a priority. Dental care is health care, and an ounce of prevention is worth a pound of cure. By expanding the program this year to include seniors and other lower-income Canadians, we are both helping make life more affordable and ensuring healthy outcomes for more Canadians.
I would also like to talk about housing, which, as I have said, is a real issue for my constituents. While the Conservatives did nothing on housing for a decade and still like to pretend the rental market does not exist, our government takes a holistic approach to housing that includes both homeowners and renters. Everyone should have a safe and affordable place to call home. However, for too many Canadians, including young people and new Canadians, the dream of owning a home is increasingly out of reach, and paying rent has become more expensive across the country.
Centred by the national housing strategy, over the past year the federal government has taken significant steps towards making housing more affordable for Canadians. We are building on that in budget 2023 by announcing that financial institutions will be able to start offering the tax-free first home savings account to Canadians as of April 1, 2023; publishing a guideline to protect Canadians with mortgages who are facing exceptional circumstances; and committing an additional $4 billion to CMHC to implement a co-developed urban, rural, and northern indigenous housing strategy.
This builds on other measures we have taken, such as a two-year ban on non-residents or non-Canadians purchasing residential property; a 1% annual underused housing tax on the value of residential property owned by non-residents or non-Canadians that is vacant or underused; a new tax-free first home savings account to allow Canadians to save up to $40,000, tax-free, to help buy their first home; an accelerator fund to remove barriers and incentivize housing supply growth, with the goal of creating at least 100,000 net new homes across Canada, and much more.
As I have said before, no one level of government holds the key to solving the housing crisis in Canada. It will take cities, provinces and the federal government all working together. There is still much more to do, but I am glad that, after a Conservative decade of darkness, Canada again has a government that is a willing partner in housing.
While our government is focused on programs that make life more affordable for Canadians, such as dental care and child care, the opposition on the other side is opposing us every step of the way. The Leader of the Opposition even called our child care plan, which is saving families hundreds of dollars every month, a “slush fund”. It is clear who is looking out for Canadian families.
Let us pass this budget and keep the focus on affordability for everyday Canadians.
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