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Decentralized Democracy

House Hansard - 42

44th Parl. 1st Sess.
March 21, 2022 11:00AM
Context: House Hansard - 42 - Mar/21/22
Mr. Kevin Lamoureux (Parliamentary Secretary to the Leader of the Government in the House of Commons, Lib.)
  • Mar/21/22 1:22:52 p.m.
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Madam Speaker, I listened to my colleague and friend across the way, and I think there is some discontent within the coalition of the Bloc and the Conservative Party. At the end of the day, we hear a lot about banks, as we should. We want to ensure that everyone pays their fair share. However, one of the things that is important to recognize when we talk about banks is it is not one person who owns, for example, the Bank of Montreal. It is not the super wealthy who own our banks. It is often union members, pension funds and so forth, and they too are dependent on these dividends. I would just ask the member to follow up his comments with the best way to tax so it is most effective and not hurting the consumer. Could he provide further thoughts on that?
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Context: House Hansard - 42 - Mar/21/22
Mr. Kevin Lamoureux (Parliamentary Secretary to the Leader of the Government in the House of Commons, Lib.)
  • Mar/21/22 4:35:22 p.m.
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Madam Speaker, I would not want to see false impressions being given when we have seen over the last number of years a progressive government that has focused special taxes on some of the wealthiest in Canada, right from the first budget up to legislation that we just passed. Recognizing that the member made reference to the cost of housing, we now have an annual tax for individuals who are purchasing condos and so forth, in places such as Vancouver and our other big cities, and using them purely as an investment as opposed to a residence. That is a special annual tax that will be applied to very wealthy people. There are different ways we can approach this. I would suggest to the member that what she said has been noted, and I appreciate the comments, but I would ask her if she could provide her thoughts on this: When you make reference to banks, we need to be fair. Many of the shareholders of the banks are pension funds and so forth, so it is not only individuals per se.
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