SoVote

Context: House Hansard - 320 - May/29/24

Mrs. Élisabeth Brière (Sherbrooke, Lib.)

May/29/24 2:07:44 p.m.
Watch

Mr. Speaker, our government is investing in Quebec businesses through the Economic Development Agency of Canada for the Regions of Quebec. Let me share a few good examples. In Lévis—Lotbinière we provided $1 million so that J.L. Leclerc et Fils could improve productivity and transition to a green economy; in Bellechasse—Les Etchemins—Lévis, we provided $1 million so that Plate 2000 Inc. could expand while reducing its environmental impact; in Mégantic—L'Érable, we provided $2 million to help Fruit d'Or increase production of its Quebec cranberries and blueberries; and in Chicoutimi—Le Fjord, we provided $1.5 million to Diffusion Saguenay for a new immersive show. Thanks to economic development agencies, we are supporting our businesses at a time when the Conservatives want to make cuts and bring back austerity. The Conservatives in Quebec should tell the businesses in their region that they want to cut financial support. We are going to make sure we create jobs and grow Quebec's economy.

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Context: House Hansard - 320 - May/29/24

Hon. Pierre Poilievre (Leader of the Opposition, CPC)

May/29/24 2:28:28 p.m.
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Mr. Speaker, the Prime Minister finally, for once, thought about monetary policy. He said, “As soon as you [spend more], inflation goes up by exactly the same amount. Right.” He is right for once. However, repeating the same costly promises that he has already broken does not change that fundamental monetary rule. Will the Prime Minister acknowledge that, yes, the economy is about numbers; that people pay their rent in numbers, their gas in numbers and their groceries in numbers; and that the numbers are too high?

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Context: House Hansard - 320 - May/29/24

Right Hon. Justin Trudeau (Prime Minister, Lib.)

May/29/24 2:55:00 p.m.
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Mr. Speaker, the whole world is embracing an economy based on renewable energy and clean tech. The member for Vaughan—Woodbridge is right: Thanks to our bold investments, Ontario is now a global leader in EV production. We have the number one EV battery supply chain in the world, thanks to investments from companies like Honda, Stellantis and Volkswagen. These are thousands of good jobs and billions of dollars invested in Ontario that the Conservative Party is opposing for no good reason. Shame on the Conservatives.

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Context: House Hansard - 320 - May/29/24

Mr. Yves Robillard (Marc-Aurèle-Fortin, Lib.)

May/29/24 3:09:36 p.m.
Watch

Mr. Speaker, this government knows that climate action is not just necessary for the future of the planet; it is also how Canada remains competitive. Last year, $2.4 trillion was invested in creating our net-zero economy. Can the Prime Minister highlight some of the measures the government is taking to attract clean investment to Canada?

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Context: House Hansard - 320 - May/29/24

Right Hon. Justin Trudeau (Prime Minister, Lib.)

May/29/24 3:10:18 p.m.
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Mr. Speaker, I thank the member for Marc-Aurèle-Fortin for his question. He is right, the world is moving toward a greener economy. Canada remains competitive by attracting billions of dollars in renewable energy and clean technologies. It is already working. Companies are building new plants and creating thousands of well-paying jobs in Quebec and across the country. The Conservative leader has no climate plan, so he has no economic plan. As he and the Conservative caucus try to bring Canada back to the Stone Age, we will remain focused on a stronger, greener and fairer economy for all generations.

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Context: House Hansard - 320 - May/29/24

Right Hon. Justin Trudeau (Prime Minister, Lib.)

May/29/24 3:13:04 p.m.
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Mr. Speaker, it is not ideology to understand that fighting climate change and growing the economy while putting money in people's pockets is a good thing, because that is exactly what this government has done. Excluding the pandemic, our emissions are now the lowest they have been in 25 years because of our plan that prices pollution and puts more money back in the pockets of eight out of 10 Canadian families. The fact that he refuses to understand that one does not have a plan for the economy if one does not have a plan to fight climate change is yet another proof of the fact that his approach is not going to succeed for Canadians.

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Context: House Hansard - 320 - May/29/24

Ms. Joanne Thompson (St. John's East, Lib.)

May/29/24 3:15:11 p.m.
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Re: Bill C-49

Mr. Speaker, our Atlantic accords bill would allow for the development of offshore wind projects. By investing in renewable energy, we are investing in a future for Atlantic Canadians that is green and prosperous, one where we fight climate change and create jobs. The Conservatives are getting in the way of Atlantic Canada by opposing Bill C-49. What is the government doing to ensure that Atlantic Canada can contribute to the green economy?

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Context: House Hansard - 320 - May/29/24

Mr. Vance Badawey (Parliamentary Secretary to the Minister of Transport, Lib.)

May/29/24 7:44:16 p.m.
Watch

Mr. Speaker, I am very pleased to take part in tonight's debate on this very important topic. The member is correct in that we must act on transitioning Canadian industry towards a sustainable green economy as well as make sure that those who pollute pay their fair share. This is generational: ensuring that we build the economy of the future, both with investments in key transitional sectors of the economy, as well as developing a fair tax base so that we are able to make these key investments in a fiscally responsible way. Last month, the Deputy Prime Minister and Minister of Finance announced bold actions in budget 2024 to build a fairer future. We firmly believe that, at a time when middle-class Canadians are struggling to get ahead, when their hard work is not paying off, it is necessary for the government to improve the fairness of Canada's tax system. This means asking the wealthiest Canadians to contribute a bit more so that we can make investments to ensure a fair chance for every generation. Since taking office, we have reduced taxes for the middle class while implementing measures to ensure that the wealthiest individuals and corporations are contributing their fair share. One way we propose to do that is by increasing the inclusion rate on capital gains realized annually above $250,000 by individuals and all capital gains realized by corporations and trusts from one-half to two-thirds effective June 25, 2024. Of course, principal residences will continue to be exempt from capital gains. It is expected that this new measure will generate more than $19 billion in new revenues over the next five years. This is new money that will be available to help fund the green transition. We have also permanently increased the corporate income tax rate by 1.5% on bank and insurance company groups in Canada and introduced a one-time Canada recovery dividend of 15% on the largest bank and insurance company groups. In addition, we have introduced a 2% tax that applies on the net value of share buybacks by public corporations throughout the country, and we have implemented a luxury tax on private jets and luxury cars priced over $100,000 and boats priced over $250,000. To further increase fairness, our government proposed to modernize the alternative minimum tax to ensure that the wealthiest Canadians do not avoid paying their fair share through the significant use of deductions, credits and other tax preferences. This is just a small part of our plan. Tax fairness is being coupled with creating an investment environment that will attract foreign investment in key sectors, which will help Canada grow into the next sustainable economy of the future. Canada is at the forefront of the global race to attract investment and seize the opportunities that the global transition to net zero presents. I hope the member opposite saw the announcement our government made with Honda. The $15-billion investment in Canada was made possible, not only by Honda, but in partnership and in line with our government's investment in the clean economy.

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