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House Hansard - 126

44th Parl. 1st Sess.
November 14, 2022 11:00AM
Context: House Hansard - 126 - Nov/14/22
Hon. Chrystia Freeland (Deputy Prime Minister and Minister of Finance, Lib.)
  • Nov/14/22 2:47:52 p.m.
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Mr. Speaker, our government is absolutely committed to ensuring that everyone in Canada pays their fair share. Let me give just a few examples. We have permanently raised corporate income tax by 1.5% on Canada's largest and most profitable banks and insurance companies. We have introduced a Canada recovery dividend of 15% on banks and insurance companies to help pay for the cost of fighting COVID. We have also now introduced a luxury tax on planes, cars and yachts: planes and cars worth over $100,000 and yachts worth over $250,000.
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