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Feb/3/22 12:49:55 p.m.
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Re: Bill C-8

Madam Speaker, referring to Dr. Suzuki, I was merely referencing someone who was an expert on protecting wildlife and conservation, and who recognizes the tremendous, priceless value of Ojibway national urban park as the basis for why we need to do what we can to preserve it. On the issue of child care, affordability is a priority for the government. That is why, in the previous budget and in Bill C-2, we provided over $100 billion for things such as housing affordability, child care, supporting businesses and supporting workers. These are all investments that, unfortunately, my colleague and the Conservative Party voted against. Affordability is something we are committed to. It is a priority and we believe that $10-a-day child care will help so many families. It will lift so many families out of poverty, will help so many moms and dads return to the labour market, and will also provide children with the start they need in their lives.

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Mr. Charlie Angus (Timmins—James Bay, NDP)

Feb/3/22 12:50:58 p.m.
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Re: Bill C-8

Madam Speaker, I am so proud to rise on Bill C-8 and the issues we are dealing with during the pandemic. This morning, I received three messages from young women around the Gloucester and Metcalfe area talking about the threats of rape they were facing because of the lawlessness and lack of police to protect residents in Centretown in Ottawa from this protest. The member for Cowichan—Malahat—Langford is bringing a motion forward to investigate how GoFundMe is allowing anonymous sources to funnel money to what may be an extremist action. Would the member and the government support an investigation into how GoFundMe has taken this $10 million, where it is coming from, what the sources are and if it is a threat to security—

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The Assistant Deputy Speaker (Mrs. Alexandra Mendès)

Feb/3/22 12:51:50 p.m.
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The hon. parliamentary secretary.

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Mr. Irek Kusmierczyk

Feb/3/22 12:51:52 p.m.
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Re: Bill C-8

Madam Speaker, I would like to thank my hon. colleague for raising a very important point that we will definitely take into consideration. I will most definitely take it into consideration. Every Canadian has the right to protest. It is part of who we are. It is what makes us unique. We are quite frankly very grateful for the ability and right to protest peacefully, and to bring our concerns to Parliament Hill, or any elected office for that matter. The operative words here are “peacefully” and “respectfully”. The protest should be one that does not put an onerous burden on residents, does not interrupt business and lives, and certainly one that does not demonstrate deplorable scenes, as we saw, of racism, hatred, banners and flags that all Canadians should reject outright. I thank my colleague for the excellent question. It is something that we will absolutely consider.

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Mr. Maxime Blanchette-Joncas (Rimouski-Neigette—Témiscouata—Les Basques, BQ)

Feb/3/22 12:52:55 p.m.
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Re: Bill C-8

Madam Speaker, I thank my colleague from Windsor—Tecumseh for his speech. I am baffled by the Liberal Party's obsession with interfering in other governments' jurisdictions. I am, of course, referring to education here. The member for Kingston and the Islands said earlier that education is the jurisdiction of the Government of Quebec and the provinces. My colleague repeatedly mentioned that the Liberal Party would like to develop a nutrition program. This was, obviously, an election promise. I am trying to understand how the federal government would be better than the provinces or Quebec at managing nutrition in schools.

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Mr. Irek Kusmierczyk

Feb/3/22 12:53:43 p.m.
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Re: Bill C-8

Madam Speaker, I truly believe in a team Canada approach. I believe we are stronger when we work together, and I believe that making sure that children, teachers and schools are protected should be the obligation and responsibility of all levels of government working together to protect children, teachers and families.

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Mr. Simon-Pierre Savard-Tremblay (Saint-Hyacinthe—Bagot, BQ)

Feb/3/22 12:54:12 p.m.
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Re: Bill C-8

Madam Speaker, I will share my time with my esteemed, and I hope estimable, friend and colleague from Beauport‑Limoilou. I am pleased to rise in the House today to speak to Bill C-8, an act to implement certain provisions of the economic and fiscal update tabled in Parliament on December 14, 2021 and other measures. That is its actual title, but since it is a little long, we will simply refer to it as the economic update. I would like to talk to you today about an extremely serious problem in my riding of Saint‑Hyacinthe-Bagot and more specifically in Saint-Hyacinthe, the central city of the riding, which has a population of nearly 60,000, or about 300 inhabitants per square kilometre. Saint-Hyacinthe is well known for all kinds of good reasons that fill us with pride, including its status as the agri‑food capital of Quebec, and some would say of Canada. Unfortunately, it is also known for something a lot less positive, namely its inglorious title of the city with the lowest vacancy rate in Quebec, at 0.2%. Given that rate, it is very safe to say that there is no housing available in Saint‑Hyacinthe. To paint a more complete picture, I think it is important to add that there has been a real problem with fires in affordable and low-rental housing units in the downtown area. When we talk to the people who live in these neighbourhoods, they tell us that there is also an issue with “renovictions”, not least because the renovations are not always actually done. Another problem is that the cost of rent increased by 16% in a year, as recorded last July. That is the perfect recipe for a very difficult social situation. We can call it a crisis, because it is one. How can our society accept this and tolerate people having to sleep outside? It is unacceptable. Before I go on, I would like to take a moment to acknowledge the hard-working activists at Comité Logemen’mêle, a group that oversees the many organizations in Sainte-Hyacinthe that work on this issue and promote the right to housing. The problem that Saint‑Hyacinthe and many big cities with similar vacancy rates are experiencing is the result of a long history of a federal government that has underinvested or poorly invested in social and affordable housing. It is the result of a history of gross government negligence. In June 2021, the Front d’action populaire en réaménagement urbain, or FRAPRU, published a booklet documenting Ottawa's chronic underinvestment in housing since the 1990s. The numbers are quite staggering. If Ottawa had maintained the same level of investment as before the 1990s, today, we would have 80,000 more social housing units in Quebec. Think about that. Federal cuts have deprived thousands of families and individuals of a roof over their heads. I would like to quote FRAPRU spokesperson Véronique Laflamme, who said, “The loss of 80,000 social housing units that could have been built in Quebec had Ottawa not withdrawn its funding has been a major contributor to the current low-rent housing shortage, and the national housing strategy put in place by the [Prime Minister]'s Liberal government does nothing to compensate for this loss”. I have heard a number of people say that FRAPRU is a very left-wing group, but if FRAPRU does not seem credible in the eyes of certain parties and individuals in the House, let see what Scotiabank thinks. Everyone will agree that Scotiabank is not known for being particularly left-wing or anti-capitalist. Just this past January, Scotiabank estimated that Canada had the lowest average number of housing units per 1,000 people in the G7. To reach the G7 average, Canada would need an additional 1.8 million homes. Scotiabank also estimated that the median home price rose 50% between December 2019 and December 2021 in some parts of Canada. As for the existing programs, many of them are aimed at the right places, but they too are victims of underfunding. Take, for example, the Canadian rapid housing initiative, or RHI. It was used in my riding, and we were very happy. It made it possible to announce the creation of 21 affordable housing units in the city of Saint‑Hyacinthe. We were very happy. It is a good program, but the budget is far too limited and operates on a first-come, first-served basis. Furthermore, the program is not permanent. It is temporary, so people rushed to apply. Once the money ran out, there was not a penny left, and it was time to move on to something else. The money ran out in the blink of an eye. The situation is glaringly obvious and deserves to be addressed. We were told that it would finally be addressed in the economic update. Better sooner than later, of course, but better late than never too. Many of us were watching and wondering what we were going to see. We expected that Ottawa would show some ambition in recommitting to this issue by announcing meaningful reinvestments in social, community and affordable housing. In fact, the Bloc Québécois would like to see new investments amounting to 1% of the federal government's annual revenue on an ongoing basis rather than ad hoc agreements. We also think surplus federal properties should be repurposed for social, community and affordable housing development. To be clear, programs need to be completely overhauled as well. The billions of dollars invested should be channelled toward co-ops, non-profits, and organizations with a thorough understanding of the issues that need to be addressed and how to do so. That is why programs that are part of the national housing strategy, the NHS, should be reconfigured financially to create an acquisition fund that would enable co-ops and non-profits to acquire buildings currently on the market and make sure they remain affordable. We need to take control of the market out of private-sector hands. Of course we have to make sure Quebec gets its fair share of funding, no strings attached, from federal homelessness programs, and funding that was released during the pandemic needs to be made available on a permanent basis. That is all we were hoping for from the economic update. We have read and studied it carefully. In the end, we have a single measure: a tax on foreign-owned vacant property. The tax on underused housing would apply to dwellings in Canada owned directly or indirectly, in whole or in part, by non-residents. This would apply to single-family homes, duplexes and triplexes, as well as semi-detached and row houses, and condominiums. This is a good idea. We have no problem standing up and recognizing that. Its implementation would reduce real estate speculation, which is a real scourge and a real problem. International investors are looking to make a profit, not build affordable housing. They keep an eye on trends based on bubbles, looking at countries where that is happening and where they should go, as most stockholders do. Such a tax could help prevent artificial market inflation and help free up these buildings. The fact that there are vacant dwellings in large urban centres contributes to scarcity. People need housing and are seeing all these large, empty buildings around them. It is absolutely ludicrous. This kind of tax, however, would not solve the housing problem the way a renewed government commitment would, but a massive reinvestment could do it. The tax would also constitute interference. There is a real danger here, because with this tax, this is the first time the federal government is interfering in property taxes. Centralization is second nature to Ottawa. I am afraid it would be fair to say that Ottawa is dealing with housing the same way it deals with health, in other words, it lets things deteriorate and then, when it decides it can no longer stand idly by, it responds by interfering. I think people who are desperately waiting for housing deserve better.

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Mr. Mark Gerretsen (Parliamentary Secretary to the Leader of the Government in the House of Commons (Senate), Lib.)

Feb/3/22 1:05:05 p.m.
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Re: Bill C-8

Madam Speaker, picking up on the last few comments by the member of the Bloc, toward the end of his speech he talked about the tax being proposed in this bill on real estate as it relates to non-residents' and non-Canadians' vacant land or underused residential buildings. I am really having a difficult time understanding how both the Bloc and the Conservatives are conflating that particular tax, which is a measure to control foreign speculation, with the issue of property tax. Can the member please explain if he thinks this is a good tool to help control some of that speculation?

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Mr. Simon-Pierre Savard-Tremblay

Feb/3/22 1:05:59 p.m.
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Re: Bill C-8

Madam Speaker, I do not believe I conflated any such thing. That is not what I said. I invite my colleague to ask me about something I actually said if he wants me to explain any part of my speech.

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Mr. Matthew Green (Hamilton Centre, NDP)

Feb/3/22 1:06:18 p.m.
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Re: Bill C-8

Madam Speaker, I would like to thank the member from the Bloc for referencing a few anti-capitalist responses to the economic crisis, because there has been a lot of talk about inflation and no discussion on the corporate cartels we have allowed to capture our economy. I think back to 2017, when the Canada Bread Company and Weston Foods conspired in an alleged price-fixing scheme with major grocers like Loblaws, which made $400 million in profit and yet claims it cannot afford to continue to pay its UFCW workers an extra $2 an hour. Working people and their families are paying more for their rent, their groceries and their gas. Instead of supporting them, the government is cutting their aid. Does the hon. member find it acceptable that Liberals have not tackled the outstanding investigations on price-fixing by big corporate grocery chains or provided any measures to help low-income families deal with the rising food prices?

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Mr. Simon-Pierre Savard-Tremblay

Feb/3/22 1:07:14 p.m.
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Re: Bill C-8

Madam Speaker, I will try to respond. The interpretation was rather quick. I want to make sure I understood the question. To my understanding, our colleague would have liked the government to tackle the price of food. Did I understand correctly? Would it be possible to ask my colleague to repeat his question a little slower? I want to be sure I answer correctly.

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The Assistant Deputy Speaker (Mrs. Alexandra Mendès)

Feb/3/22 1:07:46 p.m.
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I would ask the hon. member for Hamilton Centre to repeat his question a little more slowly so the interpreters can follow.

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Mr. Matthew Green

Feb/3/22 1:07:55 p.m.
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Re: Bill C-8

Madam Speaker, it is an important question. Does the member find it acceptable that the Liberals have not tackled the outstanding investigation on price-fixing by big corporate grocery chains or provided any measures to help low-income families deal with the rising food prices?

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Mr. Simon-Pierre Savard-Tremblay

Feb/3/22 1:08:18 p.m.
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Re: Bill C-8

Madam Speaker, I thank my colleague for repeating his question. He is asking whether I think there should have been an investigation into that issue. Inflation and rising prices are hot topics right now. There is certainly work to be done there. The topic of grocery store prices keeps coming up more and more. We as a society should never accept that someone might get to the register and not be able to pay for staples like milk, bread and eggs. That is unacceptable.

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Mr. Ryan Williams (Bay of Quinte, CPC)

Feb/3/22 1:09:07 p.m.
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Re: Bill C-8

Madam Speaker, one of the proposals for housing, the 1% tax on foreign buyers, is like bringing a balloon to a barn fire. Conservatives had proposed to ban that for two years. We do not think that is going to be enough. However, when it comes to housing, the biggest issue we have, especially in Bay of Quinte, is a lack of labour. Right now there are 200,000 skilled workers left in the queue, and it has stalled, as the immigration minister has said. They need to fix the problem and they are going to spend more money. Does the hon. member agree that we need to get skilled workers into this country now to build homes? Is that something he thinks would be a good priority for the government?

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Mr. Simon-Pierre Savard-Tremblay

Feb/3/22 1:09:45 p.m.
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Re: Bill C-8

Madam Speaker, there are a lot of questions to answer. This small measure is nowhere near enough, but it is a step in the right direction. We are not fans of the interference, however. Even though the federal government took over the housing file in 1935, it is meant to be a provincial jurisdiction according to the Canadian Constitution. Do we need to bring in skilled workers? Yes, absolutely. The Bloc is raising this issue, as are all parties. The solution to the labour shortage is an ongoing debate in the House. We absolutely need to address the shortage in this sector and in many others.

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Mrs. Julie Vignola (Beauport—Limoilou, BQ)

Feb/3/22 1:10:29 p.m.
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Re: Bill C-8

Madam Speaker, I am the type of person who takes the time to carefully read each bill and who asks herself a lot of questions. My first two questions are always: Is this a good and effective bill for people and their needs? Is this a good way to spend their tax money? I read the economic update and Bill C-8. Was it exciting? No. Was it interesting? Yes. It was interesting because I am very curious and I want to know everything. I like looking at things from every perspective. That is what I used to teach my students. I told them that, when they were bored, they needed to switch perspectives and find something interesting. Although I found the reading interesting, I must say that I was disappointed at times. Since I am not mean-spirited, I will start with the positive aspects of the bill. First, it is important to realize that this is an economic update and that it is the result of a process. As members of Parliament, we know that. We are familiar with parliamentary jargon. However, that is not true for all Canadians. I think that it is important to take the time to mention, however briefly, that this is an economic update. An economic update is an observation, a portrait of the economic situation in Canada at a given point in time. The portrait is based on statistics and, at the time it is painted, it is true. However, we now know how quickly things can change. Economic updates are important, especially in times of crisis. We have to know where we are in order to determine where we are going. That is a great truth that we should also apply to our personal and professional lives. The economic update has therefore achieved its goal, which is to inform members of Parliament and Canadians in general of the current situation in Canada. It also provides information on what has been done and what should be done. Since the purpose of knowing where we are now is to determine where we are going, that is where things get a little dicey. The economic update had no big surprises: We are seeing inflation; the economy, at the time the update was drafted, was in recovery in several sectors; some sectors, such as culture and tourism, were still and are still being hard-hit; there is an extreme shortage of social and affordable housing; and we need to implement measures, including financial and material measures, to help Canadians through the crisis. As I said, there were no big surprises. We do not have to be internationally renowned economists to see where we are, the statistics speak for themselves. The update does a good job at painting a portrait of the situation, but it is missing the other aspect: where are we going? To answer this question, we must absolutely avoid empty or catch-all phrases such as “we will keep working and trying to see the light at the end of the tunnel and do everything we can to end this pandemic”, or “we will keep doing what we have been doing for the past two years: protecting the population and ensuring an economic recovery through strong and innovative measures”. It is not helpful to use buzzwords and put them together in a sentence so general that it does not mean anything. That may reassure some people, but Canadians need more than that. They need to know that a real blueprint for society will emerge from this unprecedented crisis. Bill C-8 will help companies improve their ventilation through a tax credit. That will have a short-term effect. The government is trying to find a way of mitigating the housing crisis. The tax will have a short-term effect. The bill adjusts employment insurance and the Canada emergency business account. That will have an essentially short-term effect, that is, until the pandemic is over and the economy returns to normal. It allocates $2 billion to put in place proof-of-vaccination and rapid test delivery measures. That is another short-term solution—at least, we hope. I understand, we need to do these things. Our tourism and seasonal businesses and their workers have been very hard-hit by the pandemic, and the measures are still necessary. In other words, Bill C-8 has us in the same kettle of fish we have been in for almost two years. Let us be clear, I will say it again: These measures are necessary, but I was expecting something for the long term. Some people may be tempted to say that the future tax on underused housing could have an impact in the medium term, since it might force owners to make sure that the units are occupied, therefore increasing the housing supply. That would not make up for Canada’s decades of underinvestment in social housing, especially since this measure could end up adversely affecting municipalities’ finances. Every year, good or bad, Canada should have set aside money to build 50,000 housing units across the country. Why were cuts made to social housing for decades? Is it because poor people do not have the means to fight the system? The system should be there precisely to protect those who need the most help. I would like to bring up two principles that I find important, and I hope that they will also be important to everyone in the House. First, we need to plan and take action for our future generations, not for the next election. Second, we need to fight for the dignity of the weak, for those who have no voice. That is why I am here. I hope that is also the case for all of my colleagues. By not investing in social housing, successive governments failed to honour these two principles. Bill C-8 has exactly the same problem, since it does not plan for future generations or show that we are fighting for the dignity of those who do not have a voice. It is not enough to just slap a band-aid on the gaping wounds caused by the pandemic. We must see better and farther ahead. How can we see farther? The history teacher in me would say that we need to examine the mistakes of the past and, above all, make sure we do not repeat them. Let us make sure we foster the emergence and stability of businesses that feed our economy, such as farming and agricultural production, electrical and electronics manufacturers, domestic and international tourism, natural resource development and processing, shipbuilding, electric transportation, clean energy and green businesses, research, and textiles. There are a lot of things we could do. We need to encourage businesses in the hardest-hit sectors. We need to export finished products, not just natural resources. Let us export what we make instead of importing what others make. Let us take concrete action so that the burden of monitoring calls for tenders and filling out procurement paperwork no longer falls on our SMEs, which cannot afford to pay a full-time team to take care of all this monitoring and paperwork. Let us set aside renewable amounts each year so that the federal government is not tempted to interfere in areas under the jurisdiction of Quebec and the provinces. If we take a step back and look at federal trends in times of crisis, we see the same thing again and again: interference, lack of respect for the jurisdictions set out in the Constitution. If we take another step back, we notice that one of the reasons for this interference is a lack of planning for the medium and long terms. Finances are managed from a short-term perspective, and cuts get made to budgets that are essential in times of crisis, such as housing, health transfers and pension indexation. Let us improve supply chains. Let us make sure that we have everything we need to face the next crisis, whether it happens tomorrow or in 50 years. These are only a few examples. There are more. What are we doing to ensure the dignity of those who do not have a voice? I will support Bill C-8 because it contains necessary measures, but that does not mean I am not disappointed with what is missing from the bill, namely vision, planning, boldness.

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Mr. Taylor Bachrach (Skeena—Bulkley Valley, NDP)

Feb/3/22 1:19:47 p.m.
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Re: Bill C-8

Madam Speaker, I thank my colleague for her remarks. There was much in her speech that I found compelling. I want to mention one thing that we did not see in the fall economic statement: help for public transit across Canada. On January 26, the mayors of Canada's biggest cities called on the federal government for support for transit operating shortfalls. That support is not in the economic statement. It still has not been forthcoming from the government. I wonder if my colleague would support that call so we can ensure we do not have a downward spiral and degradation of transit services in the future.

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Mrs. Julie Vignola

Feb/3/22 1:20:24 p.m.
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Re: Bill C-8

Madam Speaker, when I was talking about having a long-term vision and planning for future generations, I was also thinking about public transit. We need to think about the most vulnerable people. People who take public transit are those who made the choice not to have a car or who cannot afford a car. To help these people, we need to set money aside each year to improve public transit.

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Mr. Darrell Samson (Parliamentary Secretary to the Minister of Veterans Affairs and Associate Minister of National Defence, Lib.)

Feb/3/22 1:21:17 p.m.
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Re: Bill C-8

Madam Speaker, I am pleased to have the opportunity to speak to Bill C‑8. It has been a long two years. To be exact, it has been 21 months of direct challenges to our country and to Canadians from coast to coast to coast. People are tired, and we understand that, but we have stood together as Canadians to fight this global pandemic, and we will soon be in a much better place. What is important is that our country will continue to be a strong economic driver in the global economy. As our Prime Minister has indicated clearly on many occasions, we have Canadians' backs and we will have them for as long as it takes. I remember that back on March 13, 2020, we decided to shut down Parliament for two weeks. I remember flying home and being a little uncertain, but I felt that I would get back soon. Many Canadians felt that we would get through this quickly. However, that was not to be the case. Despite all of our challenges, as a member of Parliament I felt that I was really contributing to a strong democracy. For 67 days in a row, Liberal members of Parliament spent two hours every night on the phone talking about how we could build programs. Because of the feedback we were receiving from our constituents, we talked about how we could create those programs, as some individuals and companies in our constituencies were not being helped. We found ways to do that month after month. Even if we had 100 or 200 calls and emails a day, I felt that we were advocating on behalf of Canadians. Our government was responding on behalf of Canadians and helping Canadians. Of course, we invested in PPE and vaccines, and as a government we were there for the provincial and municipal governments. That is very important to indicate because eight dollars out of every $10 spent to fight COVID throughout the pandemic has been spent by the federal government. At times we talk about jurisdiction, but we did not worry about jurisdiction. We worried about Canadians, the Canadian economy and communities. That is why we were directly involved in education, health care and so on. I am very proud of our government's record throughout the pandemic in staying on a strong economic course, which I will describe so members know where we sit today. We have been so strong throughout the pandemic because of what we did from 2015 to 2019. We had the lowest unemployment rate in the history of Canada, since recording it began. Canadians created 1.2 million jobs, which is very impressive, going into the pandemic. We had the lowest net debt-to-GDP ratio in the G7. Those are impressive numbers. Where are we today? About 108% of the over three million jobs that were lost have now been recaptured. I want to mention that I am sharing my time with the member for Toronto—Danforth, who will be giving her speech just after me. I apologize. We have also seen fewer bankruptcies in the last two years than we have seen in past years. We have seen an increase of 13% in trade. Yes, inflation is at 4.5%, but that is a global challenge. Inflation in the United States is 7%. Interest rates on debt were lowered by $4 billion last year because of refinancing, and we still have our AAA credit rating. I am very proud of the economic statement delivered by our Deputy Prime Minister and Minister of Finance. It is transparent and gives a good, clear picture of where we spent our money, why we spent our money and where we are going to invest our money as we move forward to make sure that our economy continues to be strong. Yes, we lost three million jobs throughout this challenge, but we were able to recapture them. Yes, the GDP shrunk by 17%, but now we are seeing much improvement in that area. We now have the second-fastest job recovery in the G7. If we compare that to the recession of 2008, when the Conservatives were in power, we are much further ahead. That is probably because of the important work we had done prepandemic. Believe it or not, and I was surprised by these numbers, there were over 6,000 new businesses created during this pandemic. This is quite impressive. We are also helping with the cost of living in two very direct areas. One, of course, is with investments in child care. This will be major in helping families deal with the cost of living and the economic challenges they may face. The second is with housing, which is a crucial investment being made for Canadians. We know the pandemic has caused more challenges in that area. Now first-time homebuyers will have more possibilities to get into the housing market, which is important. Rent-to-own is extremely important as well. Those are straight investments that will, as we move forward, continue to help create positive economic developments. As a former superintendent of schools, I can tell members that schools are always an interesting place to be. In this pandemic, I cannot praise teachers, students and parents enough for what they have done. They have continued to be there so students could learn. They have contributed and been engaged, and that is something to be proud of. Our government has invested in helping to create more outdoor classrooms. We are investing in ventilation to help in that crucial area. We are also increasing the tax credit for teachers from 15% to 25%, and we have created more flexibility for information technology in that area. For small businesses, we have been there, as I indicated already, and continue to be there. We have created some tax credits for retrofitting, ventilation and heating. Something important that people need to stop and think about is that the Canada emergency business account supported 900,000 businesses. That is almost one million businesses that were able to initially get $40,000, and later $60,000, with one-fourth being forgiven if they can pay it back by a certain date. That date has now been extended to December 31, 2023. For those businesses that require longer repayment, it has been extended to December 31, 2025. The CFIB stated, “It is particularly good news that the government has announced it will extend the repayment deadline for the Canada Emergency Business Account (CEBA) loan program.” The Business Council stated, “The COVID-19 pandemic continues to pose a risk to Canadians’ physical, mental and economic health. We agree with [the finance minister] that 'the best economic policy is a strong public health policy.'” We also implemented a 1% housing tax, to slow down the challenges with health and to raise revenue, on non-residents who own property in Canada. This does not affect Canadians or permanent residents. It will allow us to support Canadians in the housing market.

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