44th Parl. 1st Sess.
September 20, 2022 10:00AM
moved for leave to introduce Bill C-30, An Act to amend the Income Tax Act (temporary enhancement to the Goods and Services Tax/Harmonized Sales Tax credit).
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- Sep/20/22 2:23:48 p.m.
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Mr. Speaker, I would like to begin by congratulating the member on his first question as the new leader of the official opposition.
We are going to see two competing visions over the course of this session. The first is our government's plan to support Canadians and those who need it most. The second is that of the Conservative Party and members of Parliament who would leave Canadians to their own devices.
Just today, we introduced new measures. We are providing $500 for housing, introducing a new dental plan and doubling the GST/HST credit. That is money in Canadians' pockets when they need it.
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- Sep/20/22 2:25:03 p.m.
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Mr. Speaker, let us talk about how people can pay their bills with our new dental plan. A single-parent family will receive $1,160 now that we have doubled the GST/HST credit. Seniors will get $701 and a couple with two children will receive $1,400.
Liberals are in the House with a responsible plan to help Canadians where and when they need it.
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- Sep/20/22 2:28:57 p.m.
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Mr. Speaker, over the course of this session, we are going to see two competing visions, one that shows our government doing what needs to be done for Canadians as they are facing higher inflation and the other—
Some hon. members: Oh, oh!
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- Sep/20/22 2:29:27 p.m.
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Mr. Speaker, throughout this session, we are going to see two competing visions, one in which our government focuses on the needs of Canadians, and one in which Conservatives tell the country that it is on its own.
Just today, we introduced two pieces of legislation that will add a $500 top-up on housing, double the GST credit and put in place a Canada dental benefit.
These are targeted measures to Canadians who need it the most, when they need it the most. Our hope on this side of the aisle is that the Conservative Party will support us to get these measures to people as soon as they need them.
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- Sep/20/22 2:33:01 p.m.
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Mr. Speaker, today is a great day for Canadians. We are talking about helping Canadians with affordability and with the cost of living right now by having a $500 top-up to the Canada housing benefit, introducing a new Canada dental benefit plan and also making sure we double the GST credit.
If we look at the 2020 budget, the 2021 budget and the 2022 budget, this Liberal government has been making life more affordable for Canadians, including child care and including the Canada workers benefit. The government is delivering for Canadians, and that is what Canadians expect.
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- Sep/20/22 2:34:09 p.m.
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Mr. Speaker, we have been committed to ensuring that everyone pays their fair share of taxes, and we remain committed to just that.
We are permanently increasing the corporate tax rate by 1.5% for the largest and most profitable banks and insurance companies, and there is a 15% recovery dividend on the excess profits these institutions made during COVID‑19.
This government is prudent when it comes to taxation.
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- Sep/20/22 2:39:45 p.m.
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Mr. Speaker, just today we introduced in the House two bills that will make life more affordable for Canadians. Specifically, we are providing a new dental plan for Canadians, topping up the housing benefit and doubling the GST/HST credit. This is in addition to all the measures in the 2022 budget.
We are here to support Canadians. That is exactly what we are going to do.
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- Sep/20/22 2:40:53 p.m.
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Mr. Speaker, let us be really clear. The riskiest advice that anybody in the House of Commons has given Canadians over the last six weeks was to put their money into Bitcoin. Had Canadians done that, they would have lost their shirts. They would have destroyed their own personal finances.
Our plan is a real plan that will help make life more affordable: $1,160 for single mothers, $700 for single seniors and $1,401 for couples with two children. That is just the GST tax credit increase for Canadians we are talking about. That side can support us and do right by Canadians.
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- Sep/20/22 2:53:38 p.m.
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Mr. Speaker, just last week we announced the doubling of the GST tax credit and we tabled that legislation today.
What does it mean? We are talking about a single mom with one child and $30,000 of net income getting $1,160 through that credit. A single senior with $20,000 in net income will get $701. A couple with two children with $35,000 in take-home pay will get $1,401. That is real money in the pockets of real Canadians. That is responsible leadership.
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- Sep/20/22 2:54:49 p.m.
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Mr. Speaker, the supports that we have announced today are targeted to the Canadians who need it the most, vulnerable Canadians who need this help.
I will share with the House some information from Lindsay Tedds, an economist at the University of Calgary, who has said very clearly that this is targeted to low-income individuals who are probably the ones unable to dip into savings or other things to pay for these increased costs. It is unlikely to increase inflation.
The Conservatives are going to deflect and distract. We are going to keep delivering for Canadians. That is responsible leadership.
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- Sep/20/22 2:55:55 p.m.
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Mr. Speaker, the support measures we are aiming to put in place will do exactly what my colleague is asking. They will put money in the pockets of the Canadians who need it most.
At the same time, we are very much aware of the issue of inflation. Economists throughout the country have clearly said that our measures will not increase inflation.
That is our commitment to Canadians: Support them where they need it while remaining fiscally prudent.
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- Sep/20/22 2:57:03 p.m.
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Mr. Speaker, taken together, the measures we outlined today and in budget 2022 are aimed at helping Canadians who need it most.
Let us look at the numbers. A family earning $70,000 will get $650 from the dental plan alone. Families that earn between $70,000 and $80,000 will get $390 per child per year. That is real money in the pockets of Canadians.
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- Sep/20/22 2:58:16 p.m.
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Mr. Speaker, these measures will not increase inflation. They will bring much needed support to the people on the ground. We are focusing on Canadians who need help the most.
Economist Trevor Tombe was clear when he said that global factors and spending, changes or tax changes made by the Government of Canada were unlikely to have a significant effect. It is the economists who are saying that our plan is a fiscally prudent plan.
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- Sep/20/22 3:02:47 p.m.
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Mr. Speaker, I will tell members what was vaporized: Canadians' savings when they followed the new Conservative leader's advice to go put money into Bitcoin. Quite frankly, it is shameful, irresponsible and reckless.
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- Sep/20/22 3:03:42 p.m.
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Mr. Speaker, let us go through the numbers through the years.
In 2015, when we lowered income taxes on Canadians, that member and that bench voted against. In 2019, when we lowered taxes for Canadians, again the Conservative leader and that bench voted against. In 2021, when we lowered taxes for working Canadians, that side of the aisle voted against. Even this summer, when we reduced taxes on businesses, once again, the Conservatives in the House voted against taxes.
We know who has the record on having the backs of Canadians on taxes.
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- Sep/20/22 3:06:09 p.m.
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Mr. Speaker, in the last six years, the Conservatives have voted against tax cuts proposed by the Liberal Party four times. The targeted measures we are introducing in the House today are designed for Canadians who need them most. We will put more money into housing, we will create a dental program and we will double the GST/HST credit. That is real money in the pockets of real Canadians.
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