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Decentralized Democracy

House Hansard - 142

44th Parl. 1st Sess.
December 6, 2022 10:00AM
Context: House Hansard - 142 - Dec/6/22
Hon. Randy Boissonnault
  • Dec/6/22 10:59:49 a.m.
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  • Re: Bill C-32 
Madam Speaker, not only are we talking about growing the economy, but we are also going to pay down our deficit. We will have the lowest deficit in the G7. We have the lowest debt-to-GDP ratio. The supports that are in here are real supports to help people to buy their first home, to make sure businesses can save money and to make sure we speed up the benefits for workers. We are also going to make sure that if companies have enough wealth that they think they can buy their shares back, they are going to pay a 2% tax to the country. If they do not want to do that, they can invest in the economy and grow the economy, which would be good for my colleague's riding, for my riding and for ridings across this country.
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Context: House Hansard - 142 - Dec/6/22
Mr. Kody Blois (Kings—Hants, Lib.)
  • Dec/6/22 12:16:03 p.m.
  • Watch
  • Re: Bill C-32 
Mr. Speaker, I had the opportunity to read through the fall economic statement that we are here debating today, and I just want to correct the record. Canada has the lowest net debt-to-GDP ratio in the G7. We have the lowest deficit as it relates to GDP in the G7. We have seen some of the highest economic growth among our comparator countries in that category as well. I do not disagree with the member's assertion that government needs to be mindful of spending. The Minister of Finance has alluded to that herself. However, as he talks about other members being real or candid with Canadians on screen, will the member at least acknowledge the statistics that the Department of Finance has provided, that are before us here as parliamentarians today, about Canada's true fiscal and economic record?
142 words
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