Hon. Yonah Martin (Deputy Leader of the Opposition): Thank you, minister. The mandate letter of your colleague Minister Freeland says that you are to assist her with the creation of a career extension tax credit of up to $1,650 for seniors. As you know, that was a promise your government made in the 2021 federal election campaign. Many were expecting to see it in last year’s budget; instead, it only contained a promise to engage with experts on the role this tax credit could play in boosting the labour force participation of seniors who want to continue working later in life.

Minister, since Budget 2022, have you engaged with experts on the creation of this tax credit, and, if so, who did you meet with? Did formal consultations with stakeholders take place? If not, why not? If so, were you involved? What is the current status of this promise to our seniors?

Hon. Yonah Martin (Deputy Leader of the Opposition): Minister, oil and gas industry proponents have been asking for a 75% investment tax credit from the federal government in order to spur investment in carbon capture and storage technologies, which would reduce upfront capital costs involved in constructing this critical technology. However, your government’s announcement fell short, promising only a 50% tax credit. Many in the industry have stated that the size of the credit means that many of these planned projects will not go forward.

Minister, given the impact this technology could have on emissions reduction, does it concern you that many of these projects may now not go ahead?