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Decentralized Democracy

House Hansard - 128

44th Parl. 1st Sess.
November 16, 2022 02:00PM
Context: House Hansard - 128 - Nov/16/22
Hon. Chrystia Freeland (Deputy Prime Minister and Minister of Finance, Lib.)
  • Nov/16/22 2:32:37 p.m.
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Mr. Speaker, our government is committed to ensuring that all Canadians pay their fair share. That is why we introduced a 2% tax on share buybacks by public corporations. That is why we introduced a 15% recovery dividend that banks and insurance companies must pay. That is why we introduced a luxury tax.
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Context: House Hansard - 128 - Nov/16/22
Hon. Chrystia Freeland (Deputy Prime Minister and Minister of Finance, Lib.)
  • Nov/16/22 2:34:24 p.m.
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Mr. Speaker, our government is absolutely committed to ensuring that everyone in Canada pays their fair share. That is why we have introduced a luxury tax on yachts, private jets and luxury cars. That is why we have introduced a 2% tax on share buybacks. That is why we have introduced a 15% COVID recovery dividend on the largest banks and insurance companies.
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Context: House Hansard - 128 - Nov/16/22
Mr. Arif Virani (Parliamentary Secretary to the Minister of International Trade, Export Promotion, Small Business and Economic Development, Lib.)
  • Nov/16/22 2:41:44 p.m.
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Mr. Speaker, what we are hearing about over and over again from small and medium-sized businesses is the issue of supply chains, which the member opposite mentioned. The Minister of Finance announced how we plan to address that in the fall economic statement. As she said, we will support our small and medium-sized businesses. We will, for example, use an investment tax credit for clean technologies. We will also ensure that there are new sustainable jobs under the union training and innovation program. The last part is critical to enterprises. What we are doing, by getting tough on share buybacks, is ensuring that people are supporting their employees and not their board of directors.
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