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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
Ms. Laurel Collins
  • Mar/21/22 1:52:20 p.m.
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Mr. Speaker, Scotiabank made over $10 billion and is handing out billions to its shareholders. It can afford a 3% surtax. We know this, and we need to be investing that money into things that will actually help people who are struggling with the cost of living. When the member puts his vote down for this motion, I hope he understands that he has a choice: Is he going to put corporate profits first, or is he going to put people in my riding, in his riding, across British Columbia and across Canada first?
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Context: House Hansard - 42 - Mar/21/22
Ms. Laurel Collins
  • Mar/21/22 1:55:05 p.m.
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Mr. Speaker, I am so pleased to hear that the member is in favour of ensuring that we have a tax on the biggest corporations so that we can invest in the things that matter most: helping our community members who are struggling with the cost of living and investing in climate solutions. I will always work across party lines with members from the Bloc and members from any party to ensure that we put people over corporate profits.
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Context: House Hansard - 42 - Mar/21/22
Mr. Ryan Turnbull
  • Mar/21/22 4:20:30 p.m.
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Madam Speaker, I appreciate the member's push in this direction. It is an important discussion to have. Strengthening the transparency needed for corporate beneficial ownership is a topic that our government is very concerned with and, in fact, has done a pretty substantive public consultation and engagement on. I note a document posted on the Government of Canada's website from April 6, 2021, provides quite a lot of information about some very detailed and in-depth consultation work that was done. I will read the conclusion, which states: ...stakeholders across the spectrum supported the idea of a central registry (or registries) of beneficial ownership information as an effective tool in making sure that law enforcement, tax and other authorities obtain the information they need to identify the natural persons who own and control Canadian corporations. While there were more mixed views on the value and merits of public access, [this]...remains a priority of the Government of Canada.
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