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Decentralized Democracy

House Hansard - 50

44th Parl. 1st Sess.
March 31, 2022 10:00AM
Context: House Hansard - 50 - Mar/31/22
Ms. Melissa Lantsman (Thornhill, CPC)
  • Mar/31/22 2:35:41 p.m.
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Mr. Speaker, it might not be a marriage of love, but it is certainly one of convenience for the NDP-Liberal government. Here are some demands from the NDP platform. The New Democrats say they will raise the capital gains tax inclusion to 75%. They said they will raise the corporate tax rate to 18%. They said they will tax successful businesses with an excess profit tax. They will make life more unaffordable for Canadians. The Prime Minister could not get the confidence of the majority of voters, so he bought the confidence of the House. How much is it going to cost Canadians?
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Context: House Hansard - 50 - Mar/31/22
Mr. Gord Johns
  • Mar/31/22 3:54:13 p.m.
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Madam Speaker, BMO made a net profit of $7.7 billion. It paid out $2.74 billion in dividends to shareholders. Loblaws made a net profit of $1.9 billion and paid out $484 million in dividends. Suncor made a net profit of $4.1 billion and paid $3.9 billion to its shareholders. In the meantime, gas prices went up. Food prices went up. Bank fees went up. The corporate welfare needs to end. Motions like today's need to be defeated and instead the government needs to support our call to action, which is to charge 3% on the profits of those big corporations that have earned over $1 billion so that we can actually get people the help they need now and make life more affordable.
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Context: House Hansard - 50 - Mar/31/22
Mr. John Brassard
  • Mar/31/22 4:09:14 p.m.
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Madam Speaker, I do not happen to believe that earning a profit is a bad thing. I also do not happen to believe nor share the view of the NDP regarding businesses earning a profit. Whether it is a small-town business in Barrie—Innisfil or a large corporation, they pay their fair share of taxes. The NDP talks a lot about a 1% tax on the rich. That is going to generate about $7 billion a year in revenue, according to the Parliamentary Budget Officer. We have a debt right now— Some hon. members: Oh, oh! Mr. John Brassard: Do not clap right now, because we have a deficit of $400 billion, and $400 billion minus $7 billion is $393 billion. Where are they going to get the rest of that money back? Where are they going to get the rest of the money to pay for that deficit? They are going to get it with an economy that is firing on all cylinders, not by picking and choosing winners, and by making sure that every sector in every region of this country is economically firing on all cylinders.
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