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Decentralized Democracy

House Hansard - 218

44th Parl. 1st Sess.
June 21, 2023 02:00PM
Context: House Hansard - 218 - Jun/21/23
Mr. Daniel Blaikie
  • Jun/21/23 7:15:07 p.m.
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Mr. Speaker, the member will not hear that, when it comes to the corporate tax rate. We ran on increasing the corporate tax rate, not to 30% but to 19%; I think that was the latest platform commitment. We have been very clear about that. This is still well below the OECD average, so it is hardly a high-water mark when it comes to fair taxation of large corporations. Our position is that Canada has incredible competitive advantage beyond a low tax rate. Canada does not have to scrape the bottom of the barrel on its corporate tax rate in order to attract investment. We have a lot of natural resources that cannot be found elsewhere. We have an incredible labour market with a lot of skill. We provide benefits, such as health care, that oftentimes, in other jurisdictions, employers would have to pay premiums in order to be able to provide. Canada is an attractive place to invest, and we do not have to have a bottom-of-the-barrel corporate tax rate in order to attract investment.
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Context: House Hansard - 218 - Jun/21/23
Mr. Philip Lawrence (Northumberland—Peterborough South, CPC)
  • Jun/21/23 7:16:09 p.m.
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Mr. Speaker, just to set the record straight, on average, 9% of OECD countries' revenue comes from corporate taxation. I have this from the OECD report. In Canada, it is 12%. Tax revenue that comes from corporate taxation is 30% more in Canada. Therefore, to say that we are somehow below the average in the amount of taxation we take from corporations is simply not true. I heard the member criticizing both Liberals and Conservatives. He went on about some of the things that the Liberals are doing wrong. We agree that the Liberals have a deficit and debt that is way too high. We have interest rates and inflation. We might disagree on the cause of that, but we are seeing negative consequences. We have food bank usage doubling. Will the member vote non-confidence in the government?
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Context: House Hansard - 218 - Jun/21/23
Ms. Lisa Marie Barron (Nanaimo—Ladysmith, NDP)
  • Jun/21/23 7:53:35 p.m.
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Madam Speaker, I always like to point out where we have common ground. One thing on which I definitely agree with the member is that people are struggling to make ends meet. However, the solutions seem to be where we differ. For example, why do we never hear from the Conservatives about taxing the ultra-rich large corporations? With consecutive Liberal and Conservative governments, we saw the corporate tax rate decrease from 28% in the year 2000 to 15% today. When will we see the Conservatives finally call out large corporations and the ultra-rich to pay their fair share so that we can see that money go where it belongs? This seems like a good, tangible solution to move forward with.
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Context: House Hansard - 218 - Jun/21/23
Mr. Philip Lawrence
  • Jun/21/23 8:42:37 p.m.
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Madam Speaker, the marginal effective tax rate for people making under $50,000 is more than 50%, so when the member is calling for tax hikes, he is hurting the most vulnerable. The reality is that in Canada the corporate tax rate is 12% and in the rest of the OECD it is 9%, which is 30% to 40% higher. Neil Brooks, NDP member and my law professor, said to me many years ago that corporations do not pay taxes, but workers, shareholders and employees do. Therefore, when the member wants to slash and burn corporations, he is hurting workers, and that is what the NDP desperately needs to understand.
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