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Decentralized Democracy

House Hansard - 104

44th Parl. 1st Sess.
September 28, 2022 02:00PM
Context: House Hansard - 104 - Sep/28/22
Hon. Chrystia Freeland (Deputy Prime Minister and Minister of Finance, Lib.)
  • Sep/28/22 2:35:04 p.m.
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Mr. Speaker, Canadians know that our government is absolutely committed to ensuring that everyone in our amazing country pays their fair share. In fact, we are raising permanently the corporate income tax on the largest, most profitable banks and insurance companies by 1.5%, and we have put in place a 15% recovery dividend on the excess profits of these institutions during COVID. We have also implemented a 10% luxury tax on luxury cars, planes and yachts.
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Context: House Hansard - 104 - Sep/28/22
Hon. Chrystia Freeland (Deputy Prime Minister and Minister of Finance, Lib.)
  • Sep/28/22 2:36:19 p.m.
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Mr. Speaker, we have been and remain committed to ensuring that everyone pays their fair share of taxes. That is why we are permanently raising the corporate income tax rate by 1.5% on Canada's largest, most profitable banks and insurance companies. We have also introduced a recovery dividend of 15% on excess profits at these institutions during the COVID pandemic.
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