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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
Mr. Jean-Denis Garon
  • Mar/31/22 11:24:31 a.m.
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Mr. Speaker, I will be brief. First, we also proposed getting revenues from the excess profits earned by the big banks during the pandemic. I addressed that several times here in the House, and we think it is a good idea. Then there are expenditures, of course, revenues, but also growth. In addition, we need to start the energy transition. There is a new industrial revolution going on, and we are missing the boat because our Conservative friends keep talking about oil. They should be talking about growth and innovation instead. The Conservatives only talk about innovation when they are talking about carbon capture, and then they tell us that oil is green. We will need to talk more about the growth of the future, because we are totally missing the boat.
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Context: House Hansard - 50 - Mar/31/22
Ms. Niki Ashton (Churchill—Keewatinook Aski, NDP)
  • Mar/31/22 12:34:32 p.m.
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Mr. Speaker, I certainly appreciate the sentiment shared by my colleague around the struggles that many are facing. Obviously we know that for many in rural Manitoba, where life was more expensive to begin with, life has only become more challenging for people, families and communities. It is clear that we do need federal action. Obviously we have expressed disagreement with what is being proposed today, but I am wondering if the member does not also see the need to make sure that the wealthiest among us, who have made significant profits, pay their fair share of taxes so that money can be reinvested in supporting our communities across the country.
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Context: House Hansard - 50 - Mar/31/22
Mr. Luc Thériault (Montcalm, BQ)
  • Mar/31/22 1:16:35 p.m.
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Mr. Speaker, at the start of his speech, the member spoke about the Liberal government's goal of maintaining a balanced budget while also adhering to the very worthy plan of safeguarding social programs. However, I wonder why this government is depriving itself of the gargantuan profits made by the big banks in 2021, nearly $60 billion. Why are the Liberals opposed to eliminating tax havens?
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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. Alexandre Boulerice (Rosemont—La Petite-Patrie, NDP)
  • Mar/31/22 4:08:27 p.m.
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Madam Speaker, I thank my colleague for his speech. We agree to some extent on the analysis of the cost-of-living situation and the fact that things are tough for people, but unfortunately, we get yet another unsuitable Conservative response. We in the NDP have a crazy idea: We think we should go look for the money where it is. This year, the big Canadian banks made record profits of $77.7 billion. That is a 39% increase over last year. It is indecent, when people are suffering and are having a hard time paying for groceries and rent. Does my colleague not think it would be a good idea if we increased taxes on companies that make billions in profits on our backs and used that money to invest in people?
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Context: House Hansard - 50 - Mar/31/22
Mr. Brian Masse (Windsor West, NDP)
  • Mar/31/22 5:24:38 p.m.
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Madam Speaker, my colleague mentioned Dollarama. I will ask him a question with regard to the pandemic and the costs that some companies are now passing on. Dollarama made over $600 million in profits during the pandemic this past year, and it is increasing its shareholders' return by 10%, so if someone is not a shareholder of Dollarama, they are going to go there soon and have higher costs. There will be higher prices at a time when Dollarama has record profits and is giving record dividends to the shareholders, who I can guarantee most likely are not shopping at Dollarama.
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