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Decentralized Democracy

House Hansard - 90

44th Parl. 1st Sess.
June 16, 2022 10:00AM
  • Jun/16/22 2:29:50 p.m.
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Mr. Speaker, I thank my hon. colleague for his question. We know inflation is rising around the world. Here in Canada, it has not risen as much, but we know it is still an issue for Canadians at the grocery store and at the pump. That is why we introduced a dental care plan for Canadians in our budget. The Canada workers benefit will give couples an extra $2,400 and single workers an extra $1,200. We have an affordability plan, and we will follow it.
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  • Jun/16/22 2:47:30 p.m.
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Mr. Speaker, as my colleague knows, our budget takes serious measures to address affordability. The example that I will cite today is that the budget proposes to introduce a temporary Canada recovery dividend so that big banks and insurance companies, which have turned a big profit during the pandemic, pay a one-time 15% tax on their above-average taxable income over $1 billion for 2021. The banks made money. We have asked them to pay more. That is how we are going to make sure that we have affordability for all Canadians.
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  • Jun/16/22 2:51:07 p.m.
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Mr. Speaker, we understand that inflation is on the rise. It is a global phenomenon caused by the illegal war by Russia on Ukraine, by supply chains opening up after the pandemic and by China's zero-COVID policy. That is why our government is taking this whole-of-government approach and that is why our budget includes a dental plan for Canadians making less than $90,000 a year and a doubling of the support provided through the first-time homebuyer's tax credit. We are increasing the basic tax amount once again this year, and with the Canada worker benefits of $2,400 per couple and $1,200 for a single worker, three million Canadians will have more money in their pockets, and that does not does not even include the Canada job benefit, which the other side voted against.
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