SoVote

Decentralized Democracy

House Hansard - 142

44th Parl. 1st Sess.
December 6, 2022 10:00AM
Context: House Hansard - 142 - Dec/6/22
Ms. Lori Idlout (Nunavut, NDP)
  • Dec/6/22 3:35:06 p.m.
  • Watch
  • Re: Bill C-32 
Uqaqtittiji, I am going to ask the member a similar question I have asked other members. Given the context that, as we all know, some major corporations are making major profits, windfall taxes on corporations like Loblaws and oil companies need to happen, because the people he talked about are the ones who are suffering the most. Revenues from windfall taxes could go upward of $4.3 billion, if this kind of windfall tax was put on corporations like Loblaws and oil and gas companies. Does the member agree these major corporations need to pay their fair share of taxes?
100 words
  • Hear!
  • Rabble!
  • star_border
Context: House Hansard - 142 - Dec/6/22
Mr. Kody Blois (Kings—Hants, Lib.)
  • Dec/6/22 4:04:34 p.m.
  • Watch
  • Re: Bill C-32 
Madam Speaker, my hon. colleague touched on the profits of grocers. As the chair of the agriculture committee, I had the privilege of listening to some of the testimony yesterday from corporate leaders in the grocer sector in Canada. They maintain that even during the pandemic, their margin was around 2% to 4% on food-related profits. The member talked about excessive profits, and I can appreciate that this government has made important investments and made sure banks and insurance companies have been paying additional corporate taxes. However, what is her definition of “excessive” as it relates to grocers? Is 2% to 4% excessive in her mind? That is an honest question so we can see where that basis might be.
123 words
All Topics
  • Hear!
  • Rabble!
  • star_border
Context: House Hansard - 142 - Dec/6/22
Ms. Lindsay Mathyssen
  • Dec/6/22 4:05:25 p.m.
  • Watch
  • Re: Bill C-32 
Madam Speaker, I would imagine $1 million a day is pretty excessive. Grocers can talk about it being about the supply chain and so on, yet the amount of money they are making, is $1 million in profits a day. We could talk about the bread price-fixing scam and that they never really paid that money back. We could talk about the money that they were given by the government to improve their refrigerators, money that they were going to invest in their own companies anyway, but the government rushed to the rescue and gave them more taxpayers' dollars. It is the same pockets, but it is just in different ways that taxpayers have to pay. It is not the government's job to defend companies. Its job is to equalize payments, taxes and programs to ensure equality.
139 words
All Topics
  • Hear!
  • Rabble!
  • star_border
Context: House Hansard - 142 - Dec/6/22
Mr. Mike Morrice (Kitchener Centre, GP)
  • Dec/6/22 5:20:21 p.m.
  • Watch
  • Re: Bill C-32 
Madam Speaker, the member for Flamborough—Glanbrook spoke about making energy more affordable. On this point it is important that we talk about the extent to which oil and gas companies across the country are gouging folks at the pump, including in his riding. In the last year alone, the wholesale margins, in other words, the profits, are up 18¢ a litre. Is the member concerned about this gouging that is happening? Would he not agree that more needs to be done to recover these funds and use them to invest in making life more affordable for people across the country?
103 words
All Topics
  • Hear!
  • Rabble!
  • star_border
Context: House Hansard - 142 - Dec/6/22
Mr. Daniel Blaikie (Elmwood—Transcona, NDP)
  • Dec/6/22 6:07:18 p.m.
  • Watch
  • Re: Bill C-32 
Madam Speaker, I want to thank my colleague for giving his speech like a Beauce. My question is about the Canada recovery dividend, which is in this legislation. It is a one-time, 15% tax on profits over $1 billion for Canada's banks and financial institutions. It is about bringing back public money that went out to companies that were very profitable. It is a really important component of getting some of Canada's largest and most profitable corporations to pay their fair share in the context of what we are living through right now. I would like to know the member's thoughts on the Canada recovery dividend.
110 words
  • Hear!
  • Rabble!
  • star_border