SoVote

Context: House Hansard - 333 - Jun/17/24

Jun/17/24 12:30:36 p.m.
Watch

Madam Speaker, I talked about the supports for seniors that we have implemented, whether it is the New Horizons for Seniors program or the rolling back. When they talk about thousands of dollars being taken, two years of pension supports would have been removed because the eligibility was going to be increased to age 67 by the Conservatives. It is on the record; it was in the works. We rolled that back. In terms of the capital gains, this is about fairness for everyone. I am the daughter of a steelworker. The steelworker, the PSW, the educational assistant and the nurse all pay tax on 100% of the income they earn. What is being presented with respect to capital gains is an inclusion rate that is going to be increased, but this is asking those who have a little more to pay it, so we can address things like the housing crisis. What will happen at the end of the day is that we are going to elevate everyone. Think of a country where everybody is elevated and supported, a country that is getting people who are on the streets into a home and getting Kelly, who is living in not very good conditions, into a home, where she is in tears and is proud. This enables people to be at their best, and we want to see that potential revealed. That is exactly why all these supports, like dental care—

242 words

Context: House Hansard - 333 - Jun/17/24

Mr. Gord Johns (Courtenay—Alberni, NDP)

Jun/17/24 12:32:20 p.m.
Watch

Madam Speaker, we continue to hear Conservatives today talking about the capital gains tax, when in fact in my riding it is going to impact 118 people. That is who we know the Conservatives are fighting for. They are fighting for the 118 people, just like my predecessors, two Conservatives in my riding. Over 32 years, between the two of them, the only PMB they got passed was for removing the excise tax on diamond jewellery. One cannot even make this stuff up. They did it under a Conservative government majority. What do the Conservatives want to do today? They want to stop dental care, stop pharmacare and get rid of the school food program. They are here to block getting help to people. They are not here to bring forward solutions—

133 words

Context: House Hansard - 333 - Jun/17/24

Hon. Filomena Tassi

Jun/17/24 12:33:14 p.m.
Watch

Madam Speaker, I appreciate the member's passion for these programs that are in the budget. I have the same passion. There are measures with respect to capital gains where, in fact, a business, unless it makes over $6 million, is going to be better off because of the exemptions we have elevated. I agree with the member. There are going to be a few that are impacted, but as I said, let us elevate all Canadians. Let us ensure that everybody has—

84 words

Context: House Hansard - 333 - Jun/17/24

Hon. Jean-Yves Duclos (Minister of Public Services and Procurement, Lib.)

Jun/17/24 2:21:21 p.m.
Watch

Mr. Speaker, how can the Conservative leader and chief insult-hurler explain the nonsense of asking someone who earns $500,000 in capital gains to pay less tax than a nurse who earns $50,000? How can he claim that it is common sense to ask middle-class families to pay more tax than those who make huge capital gains?

60 words

Context: House Hansard - 333 - Jun/17/24

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

Jun/17/24 2:24:38 p.m.
Watch

Mr. Speaker, now that we have caught them covering up the real cost of their carbon tax and who will pay it, it raises the question about their job-killing tax on home builders, health care, small business and farmers. The president of real estate company RE/MAX said that “it's just not true” that just the rich will pay; it will “penalize...average Canadians”. The Canadian food professor says farmers will pay, which means that anyone who eats will pay. Why will they not just clear all this up and accept an amendment to their capital gains tax hike to exclude anyone who is making less than $120,000 in income from paying a single cent in higher tax?

125 words

Context: House Hansard - 333 - Jun/17/24

Mr. Larry Brock (Brantford—Brant, CPC)

Jun/17/24 3:04:03 p.m.
Watch

Mr. Speaker, the government's capital gains tax is killing jobs in health care, home building, small businesses and farming. An agriculture producer in my riding is deeply concerned that the tax is undermining the profitability and sustainability in an already volatile business environment. Their current transition of ownership is severely impacted by these tax changes, rising input costs and softening markets. The minister is raising taxes without even passing a law, which begs this ultimate question: How many more surprise tax hikes will the government spring on Canadians?

89 words

Gains
Rising

Context: House Hansard - 333 - Jun/17/24

Ms. Rachel Bendayan (Parliamentary Secretary to the Deputy Prime Minister and Minister of Finance, Lib.)

Jun/17/24 3:04:39 p.m.
Watch

Mr. Speaker, I would just like to make very clear one important point, and that is that the changes we have introduced in the budget are just not going to affect the paycheques of Canadians. Anybody taking home a salary in Canada is not going to see a change based on what we have presented for capital gains. In fact what we are asking is with respect to those who do not make a salary, who have their money working for them, who make incredible profits on the investments that they sell. They will be paying a little bit more.

100 words

Context: House Hansard - 333 - Jun/17/24

Mr. Francesco Sorbara

Jun/17/24 6:45:07 p.m.
Watch

Mr. Speaker, there we have it. The Conservative Party of Canada is advocating for a 0% capital gains inclusion rate, which would only benefit the wealthiest of the wealthiest in this country. That is exactly what the member just said. I will say this: When given a choice between investing in dental care, seniors and child care or having a capital gains inclusion rate of two-thirds times the personal income tax rate, to get to a rate around 35%, so that somebody keeps about two-thirds of the dollars when they have a capital gains rate transaction, I will choose our plan over the 0% rate the member just talked about.

112 words