44th Parl. 1st Sess.
June 12, 2024 02:00PM
- Jun/12/24 2:33:09 p.m.
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Order.
I thank members for keeping it down. The hon. member for La Prairie may begin his question again.
The hon. member for La Prairie.
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- Jun/12/24 2:33:32 p.m.
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Mr. Speaker, it is simple. We say yes to raising taxes on the gains of the ultrawealthy, but no to raising taxes on the savings of self-employed workers without retirement funds who have invested everything in a triplex.
These people have nothing to do with the real estate bubble. They have nothing to do with the problems that first-time homebuyers are experiencing.
The Liberals have a choice to make. They can work intelligently with us, or they can harm Quebeckers who are not ultrawealthy to score political points against the Conservatives.
Will they make the right choice?
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- Jun/12/24 2:34:10 p.m.
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Mr. Speaker, I want to once again point out that we have made an important decision. The House supported an important measure, a measure for fairness that will fund extremely important investments for Canada and Quebec.
Through this measure, Quebec will receive $3 billion. I think that, in terms of health care, Quebec will be really pleased—
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- Jun/12/24 2:34:47 p.m.
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The hon. member for Rosemont—La Petite‑Patrie.
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- Jun/12/24 2:34:51 p.m.
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Mr. Speaker, the housing crisis is wreaking havoc everywhere. Elderly people are sleeping in their cars. People are unable to pay the exorbitant amounts being charged for rent. A recent report tells us why.
Affordable housing is disappearing at an alarming rate across the country. Simply put, there is little to none left. The Liberals, like the Conservatives, turned their backs on social and affordable housing. It was not making enough money for their speculator friends. However, people need a roof over their heads.
What good are these two tired old parties if they cannot even guarantee a basic need like the right to housing?
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- Jun/12/24 2:35:34 p.m.
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Mr. Speaker, I would like to remind my colleague that one of the measures in the last budget we tabled was praised by people like those at FRAPRU. This housing rights group noted that we invested $1.5 billion to take housing out of the market.
What does that mean? It means securing and reserving affordable rents, off the market, for people who need them. That is exactly what we have done.
We are going to work with every not-for-profit organization and municipality to achieve this, to increase the number of affordable and social housing units.
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- Jun/12/24 2:36:07 p.m.
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Mr. Speaker, tenants at Thorncliffe Park and across the country are rising up against corporate greed, which is causing skyrocketing rents and resulting in evictions and rising homelessness. Renters cannot keep up with the costs of unfair corporate practices, and the Liberals themselves are partners in making rental units unaffordable. This is a violation of the human right to housing.
Why is the Liberal government partnering in exploitative practices and causing harm to Canadians?
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- Jun/12/24 2:36:46 p.m.
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Mr. Speaker, I want to say to the member and to all Canadians who are watching that the current government was the first government that made historic investments in housing. Not only that, but we also recognize the human right to housing. We have, for the first time, named a commissioner to defend the rights of tenants, and we will continue to work with all provinces and municipalities to defend those rights.
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- Jun/12/24 2:37:14 p.m.
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Mr. Speaker, the Bloc Québécois is now condemning the same tax hike it just voted for. Talk about flip-flopping.
The minister says that welders would not have to pay the tax; only the 0.13% wealthiest would. Well, all the economists contradict that. The fact that there are 300,000 businesses that she admits would be taxed, and all of their owners would be taxed, contradicts that as well.
There is one way we can solve this controversy. Will the minister commit to putting in law that no one in the bottom 99.87% would pay any new taxes?
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- Jun/12/24 2:38:07 p.m.
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Mr. Speaker, a moment ago, the Leader of the Opposition already demonstrated his financial illiteracy. He does not understand how the capital gains inclusion rate works. However, I want to offer him an opportunity to continue his economic education.
Yesterday, the IMF published a report on the Canadian economy. The IMF commented on our capital gains move and said it makes the system more fair, and it also said it would have no impact on investment or productivity. That is the IMF.
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- Jun/12/24 2:38:47 p.m.
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Mr. Speaker, I think we should just put aside the disagreement and even the debate on this. Let us come to a resolution here that will bring a lot of calm to the millions of Canadians who are worried about their taxes going up. The minister claims that only the 0.13% wealthiest Canadians would pay, so why not just enshrine that in law?
Will the minister commit today to passing an amendment to her tax bill stating that no one whose income is in the bottom 99.87% would pay any new taxes at all?
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- Jun/12/24 2:39:43 p.m.
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Mr. Speaker, I want to quote some interesting words that were stated in the House of Commons: “The monstrous increases in capital gains...[are] making the rich vastly richer and creating a kind of aristocratic feudal economy”. Do members know who said that? The member for Carleton did.
We agree the current system is unfair. We are pushing against it. What made the member, after eight weeks of dithering, change his mind?
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- Jun/12/24 2:40:24 p.m.
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Mr. Speaker, we are simply asking the minister to put her words in law. She has claimed that no one who earns less than the top 0.13% of income in the country would be affected.
Once again, will she amend her bill to say that no one who is in the bottom 99.87% of income earners would pay any new tax increase whatsoever, yes or no?
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- Jun/12/24 2:41:00 p.m.
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Mr. Speaker, let us review what we have learned so far in question period today. First, the Leader of the Official Opposition does not even understand how the capital gains inclusion rate works. That is a problem. Second, the Leader of the Official Opposition disavows his own words in the House about capital gains. However, probably the most important thing is that the average income in Carleton is $58,400. Carleton's MP is not on the side of working people earning that wage in his own riding. That is shameful.
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- Jun/12/24 2:41:42 p.m.
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Mr. Speaker, I am just quoting right now from the minister's own budget speech, where she said that for 99.87% of Canadians there will be no extra capital gains tax.
She put it in her speech, so why will she not put it in the law?
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- Jun/12/24 2:42:21 p.m.
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Mr. Speaker, for about 20 years, the Conservative leader has been skulking around this place without really much contact with the outside world. In the nine years that the Conservatives have been over there, they have voted against a child benefit, a dental plan, a prescription drug plan and a child care plan. Every time Canadians look to him to stand up for their interests, for fairness in Canada, he takes a seat.
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- Jun/12/24 2:42:55 p.m.
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Mr. Speaker, I see they have pulled the finance minister off the ice. She cannot answer a question.
The minister will not guarantee in law that the bottom 99.87% of Canadians will pay nothing, so let us make it a little bit easier for her. She claimed that she does not want welders to have to pay more.
Will the minister amend her bill to ensure that not a single welder anywhere in Canada would be forced to pay the tax increase, yes or no?
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- Jun/12/24 2:43:50 p.m.
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Mr. Speaker, we will take no lessons from the Conservatives. Generational fairness is key to Canadians. That is why, in the last budget, we presented measures to build this country, measures to invest in our economy, measures to invest in the middle class and measures to help Canadians. Our capital gains tax change would help Canadians.
On this side of the House, can members believe the Conservatives voted against tax fairness? On this side of the House, we will fight for Canadians; we will fight for the middle class.
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- Jun/12/24 2:44:41 p.m.
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Mr. Speaker, are they okay over there?
An hon. member: They are a little wacko.
Hon. Pierre Poilievre: I will not call them wacko, Mr. Speaker; that is unparliamentary.
I just have a very simple question. This is for the finance minister, if she is not still in hiding. The finance minister said she does not want welders to have to pay more. Will she put an amendment in her tax bill to say that not one single welder would face a tax increase?
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- Jun/12/24 2:45:29 p.m.
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Mr. Speaker, in any given year, 0.13% of Canadians will pay a modest increase in their taxable gains. However, I hear the leader across, who has never seen a support for a single Canadian that he is prepared to vote for, talking about sidelining people. He sidelines that entire caucus in every single question period. We hear from him, yawning and yawning, giving misinformation all the time. He should unchain the rest of the people over there.
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