SoVote

Mr. Richard Cannings (South Okanagan—West Kootenay, NDP)

Oct/6/22 10:47:40 a.m.
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Madam Speaker, it was good to hear the member for Edmonton Centre go on and on about all the good programs the government is bringing out that the NDP forced it to do. However, it has studiously avoided doing the one thing that has huge support from Canadians and that would make one of the biggest differences, and that is to put a windfall tax on the excess profits of big oil and gas companies and big grocery store chains. Now we have the CEO of Shell saying to tax them because they have made too much money. Canadians are hurting, yet the Liberals just do not want to do this. The Conservatives certainly do not want to do it. Most Canadians want us to tax the companies that have made windfall profits. Why do they not do that? It would take a huge burden off Canadians who are suffering right now.

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Context: House Hansard - 109 - Oct/6/22

Mr. Richard Cannings (South Okanagan—West Kootenay, NDP)

Oct/6/22 11:34:25 a.m.
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Madam Speaker, I share with the member a lot of his concerns about what farmers are dealing with in this day and age and about the inflation that is putting pressure on all Canadians. However, one thing we are asking for in this motion today is to put a tax on the excess profits of big companies. Big companies like Loblaws and Sobeys have made windfall profits while Canadians are suffering. There are also the big oil and gas companies. They talk forever about the carbon tax on the Conservative side, but they never mention the huge profits that oil and gas companies are making, which cause 10 times the increase in gas prices than the carbon tax. I am wondering if he could comment on the comment the CEO of Shell made yesterday. He is saying to please tax Shell; it made too much money. He wants to help Canadians. When will the Conservatives—

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Context: House Hansard - 109 - Oct/6/22

Mr. Richard Cannings (South Okanagan—West Kootenay, NDP)

Oct/6/22 12:05:45 p.m.
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Madam Speaker, I would like to thank my colleague for his speech, and I hope that Bloc Québécois members bring all of those points forward in their next opposition day motion. It would be a bit much if we included all of that in ours today, but I think we totally agree with the member. I will bring up one example that I would like to talk about here in the House, because it shows how egregious these offshore tax havens are. A Canadian mining company had a big mine in Mongolia, and over the course of five years or so, it was facing $600 million in Canadian tax and $200 million in Mongolian tax. However, the company opened a post office box, not an office, in Luxembourg and wrote to the CRA to ask if it was legitimate. The CRA said it could go for it because it was perfectly legal. The company ended up paying no tax in Canada, no tax in Mongolia and $80 million in tax to Luxembourg, and it is legal. We have to change this.

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Context: House Hansard - 109 - Oct/6/22

Mr. Richard Cannings (South Okanagan—West Kootenay, NDP)

Oct/6/22 2:50:43 p.m.
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Mr. Speaker, families dealing with the rising cost of living are worried about what they can afford. Canadian financial institutions already charge some of the highest credit card fees in the world while making record profits. Now Canadian consumers will have to pay those charges directly, simply for using their credit cards. New Democrats have urged both Conservative and Liberal governments to cap credit card fees at 1%, but governments keep protecting corporate profits. When will the Liberals finally defend Canadians by capping credit card merchant fees?

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