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Decentralized Democracy

House Hansard - 160

44th Parl. 1st Sess.
February 14, 2023 10:00AM
  • Feb/14/23 10:58:40 a.m.
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Uqaqtittiji, I want to ask a question about this statement. The Conservatives have quoted Tiff Macklem saying, “inflation in Canada increasingly reflects what's happening in Canada”. To me that shows that Loblaws, which had a 38% increase in its third-quarter profits in 2022, is not being taxed enough. Does the member agree that there needs to be a windfall profit tax on corporations like Loblaws?
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  • Feb/14/23 10:59:25 a.m.
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Madam Speaker, I would like to point the member opposite to the taxes that we have introduced on large corporations, including large banks and large insurance companies. We agree that everybody needs to pay their fair share. With respect to her specific question regarding Loblaws and perhaps other grocery store chains, I am very encouraged by the fact that our minister of innovation has demanded that the Competition Bureau review grocery store chains in order to ensure that the prices are fair for Canadians. I look forward to its report, which should be coming out in the next few months.
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  • Feb/14/23 11:42:04 a.m.
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Madam Speaker, we had a total of 1,462,795 visits to food banks across Canada last year, 31% of whom were children and 8.9% were seniors. Meanwhile, Loblaws is making record profits. Does the hon. member agree that we should extend the profit windfall tax, which has been applied to banks and insurance companies, to grocery chains such as Loblaws to double the GST and allow Canadians to be able to feed their families?
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  • Feb/14/23 11:53:45 a.m.
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Madam Speaker, my hon. colleague used the word “largesse” a number of times in talking about the Conservatives and their support for corporate Canada. I would like to remind the member that the coalition of which he is a part used the same largesse when they dished out money to Loblaws to help it buy some new refrigeration equipment. Just a short time ago, Loblaws announced it was dropping its price freeze. I would like the hon. member to explain to the House his efforts in lobbying Loblaws to bring back the price freeze, given the generous financial contributions that the coalition government gave it over the years.
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  • Feb/14/23 1:47:01 p.m.
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Mr. Speaker, one of the first things I would not have done is given $20 million to Loblaws for new freezers. The Liberal government decided to do that and her party supported it. Therefore, the member should talk to her party leadership about supporting corporate welfare for Loblaws as well. I talked about one thing that hurt the most vulnerable and that was a tax on everything, the carbon tax. It makes groceries more expensive for everyone. It makes the shipping of those groceries to the grocery stores more expensive. If we want to help the most vulnerable among us, the first thing we have to do is lower the taxes and control our spending to get inflation back down to that 2%.
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