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Member of the panel of chairs for the legislative committees

Blaine Calkins

  • Member of Parliament
  • Member of the panel of chairs for the legislative committees
  • Conservative
  • Red Deer—Lacombe
  • Alberta
  • Voting Attendance: 67%
  • Expenses Last Quarter: $146,499.79

  • Government Page
Context: House Hansard - 58 - Apr/26/22
Mr. Blaine Calkins
  • Apr/26/22 1:43:56 p.m.
  • Watch
Mr. Speaker, I would like to thank my colleague from the NDP for reminding us of the napkin budget brought in a few years ago. That was with the Liberals as well. Unfortunately, the government treated this rationale as an opportunity to spend wildly and recklessly on policies that did nothing to support Canadians through the pandemic or that would help create sustainable economic growth in the future to help pay for their spending. This budget continues this practice, with a deficit of $52.8 billion and no plan to reach a balanced budget. At the end of the 2014-15 fiscal year, the federal debt was just over $612 billion with a budgetary surplus of $1.9 billion. Now, the federal debt is almost $1.2 trillion, and is anticipated to reach $1.3 trillion in the next couple of years. The cost to service our debt this year alone will be $26.9 billion. Inflation has reached a 31-year high, and we have just seen the largest rate hike in decades by the Bank of Canada: a full half a percentage point, bringing the overnight rate to 1% in order to deal with government spending-driven inflation. We know that the Bank of Canada will continue to aggressively raise interest rates, making this spending even less sustainable. In fact, one of the reasons why the Bank of Canada had to increase it so aggressively was because of this unsustainable spending, something the NDP-Liberals would realize if they were not all following the Prime Minister’s example and not thinking at all about monetary policy. We are all aware of the devastating impact that inflation is having across Canada. Too many people who have been just getting by for the past couple of years, or even longer in some cases, now find themselves in a situation where they no longer can get by. Groceries, fuel and pretty much everything else we can think of is getting more expensive. Housing costs have skyrocketed, with the price of the average house doubling since the Prime Minister came into office and increasing 30% in the last year alone. Young Canadians, who have seen their dream of home ownership evaporate under the government, were hoping for some sort of inspired measure in this budget: something that showed the NDP-Liberal coalition understood the issue and was actually trying to fix it. Instead of hope, the government doubled down on more of the same failed policies that have not helped young people get homes in the past six years. Nothing in the budget will help get homes built this year. In fact, the solution that the coalition government has put forward seems to be a plan to increase the size of the bureaucracy, not the supply of houses. The budget almost acknowledges that the government is not even trying to help young people get into their own homes. Instead of a serious plan to cut red tape, cut costs and build homes, the government decided that a multi-generational home renovation tax credit was the way to go. Families are the cornerstone of our society, and supporting our loved ones as they age or when they are facing hard times is admirable. I am sure we would do it for our families, and most Canadians would want to do the same if they were able to do so. However, considering the housing crisis, this tax credit, which gives up to $7,500 for renovations to make a secondary suite, is not a nice social policy to help support strong families. It is an admission of failure by the NDP-Liberals. It is an admission that they are going to give up on helping to get young people out of their parents’ basements and put them into their own homes. The government is telling young people that instead of trying to fix the mess it created and helping to get them into homes, it is going to help families fix up basement suites so that they feel like their own places. Young Canadians want the pride of home ownership and the ability to build some equity, and they want to have the autonomy that comes with living on their own or with their partner or spouse. They do not want the government to help put a shower in the half-bath in mom and dad's basement and call it a day. Without a meaningful plan to increase supply, bring prices to a reasonable level and help new people enter the housing market, that is exactly how this tax credit is going to be interpreted by Canadians, and who could possibly blame them? Another thing that was in this budget is the expected increase in the amount of equalization payments. Members will recall that in 2018, Bill “no more”, I mean Bill Morneau, quietly locked in the equalization formula until 2024 with virtually no consultation. The Liberal government members of the day did not really care that Alberta and other western provinces were going through hard times; they just saw my whole province as a piggy bank that they were willing to shake every last dime out of while they could. After all these years of Liberals taking from that piggy bank without putting anything back in, there is not much left to give, but that will not stop the NDP-Liberal coalition from trying, and if that means smashing the bank open, they are going to be quite all right with that. The feeling that the government does not understand Alberta or that it is actively trying to dismantle its economy and way of life is not new. Some held out hope that, with the finance minister being at least born in Alberta and the associate finance minister representing an Edmonton riding, there could have been some sort of consideration given to our province, but that certainly was not the case with this budget. The attack on the energy sector continues, with the NDP-Liberal government doubling down on the plan to phase out the oil and gas sector. With this budget, the government will no longer allow the use of flow-through shares for the oil and gas industries, so smaller firms that rely on this important tool will find it that much harder. The government has asked them to reduce their emissions and navigate an ever more complicated regulatory system, and at the same time the Liberal-NDP government is working to ensure that oil and gas companies do not have the resources that they will need to accomplish either of those goals. The budget did include, however, a tax credit for carbon capture and storage, but unfortunately it is deeply flawed. The budget suggests that there is a credit for carbon capture, utilization and storage, which means that the recovered oil can also be utilized, but in the case of the energy sector in my province, that is simply not true. The tax credit specifically rules out enhanced oil recovery, where the carbon that is being sequestered can be pumped back into the well to be permanently sequestered and in the process help extract oil that is at the bottom, which otherwise can no longer be accessed. This technology creates the lowest-emission oil possible and allows for wells to be fully utilized, resulting in jobs and royalties, and the CO2 is still sequestered. Enhanced oil recovery sequestration is already taking place. There is already a process, a regulatory regime, and there are businesses operating in this space. In my riding, enhanced energy has used this method to sequester CO2 and recover the cleanest oil in North America. A year ago, they announced that they had reached the monumental milestone of sequestering one million tonnes of CO2, an equivalent of taking 350,000 cars off the road. If anyone is puzzled by the fact that the government is against this technology, so is absolutely everybody in Alberta. If the NDP and the Liberals want to see emissions reduced, they need to put their ideology aside, support the oil and gas sector and support CCUS.
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