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House Hansard - 80

44th Parl. 1st Sess.
June 2, 2022 10:00AM
Context: House Hansard - 80 - Jun/2/22
Mr. Scot Davidson (York—Simcoe, CPC)
  • Jun/2/22 3:10:49 p.m.
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Mr. Speaker, last year, Canadian banks made record-breaking profits and paid out massive bonuses to their executives, but they then raised fees for Canadians already struggling to get by. Big banks are now shutting local branches in smaller communities all across the country, including CIBC branches in Pefferlaw and Brechin, the Scotiabank in Cannington, and many others. With these closures, rural residents, especially seniors, are left with no suitable options to do their banking. Is this just another example of Liberals leaving rural Canadians behind in small towns?
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Context: House Hansard - 80 - Jun/2/22
Ms. Rachel Bendayan (Parliamentary Secretary to the Minister of Tourism and Associate Minister of Finance, Lib.)
  • Jun/2/22 3:11:28 p.m.
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Mr. Speaker, here, on this side of the House, we take our responsibility seriously. That is why when we saw that our large banks were making record profits during the pandemic, we decided to propose a tax measure so as to ensure that banks would pay a one-time tax into the Canadian economy so that we can give that money back to Canadians in the form of reduced child care costs, in the form of reduced dental care costs and in the form of one-time payments for vulnerable Canadians. That is what we intend to do.
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