SoVote

Decentralized Democracy

House Hansard - 334

44th Parl. 1st Sess.
June 18, 2024 10:00AM
Context: House Hansard - 334 - Jun/18/24
Right Hon. Justin Trudeau (Prime Minister, Lib.)
  • Jun/18/24 2:23:39 p.m.
  • Watch
Mr. Speaker, despite the Conservative leader's partisan attacks, the rise in capital gains inclusion rates is very simple. If Canadians make more than $250,000 in profit from selling investments in a given year, we are asking them to share a little more of those profits with Canadians who need those investments. Whether it is by investing in housing, whether it is standing up for school food programs or whether it is delivering dental care to seniors, these are investments we are making to support Canadians by asking the wealthiest to pay their fair share.
96 words
  • Hear!
  • Rabble!
  • star_border
Context: House Hansard - 334 - Jun/18/24
Mr. Don Davies (Vancouver Kingsway, NDP)
  • Jun/18/24 5:58:19 p.m.
  • Watch
Madam Speaker, I am really privileged to serve on the finance committee with my hon. colleague, and I want to thank him for all of his excellent contributions at committee. My question to him is on the capital gains exclusion issue, which is not covered by this bill, but, as he points out, will be in legislation coming to this House soon. He heard evidence today suggesting that when the Conservatives raised the capital gains inclusion rate in Canada in 1988 and 1990 from 50% to 66.6% to 75%, there was no material effect on investments by businesses. It did not have any negative effect on their investments in machines or equipment. Nor has there been an increase in investments as capital gains have come down since the year 2000. In other words, he heard evidence that there is no real relationship between the capital gains inclusion rate and investments by businesses. Can the member tell the House what his thoughts were after hearing that evidence?
167 words
  • Hear!
  • Rabble!
  • star_border
Context: House Hansard - 334 - Jun/18/24
Mr. Mario Simard (Jonquière, BQ)
  • Jun/18/24 6:48:54 p.m.
  • Watch
Madam Speaker, in his speech, my colleague referred to investments in clean energy. We know that, in Alberta and western Canada, those investments are mainly being made in carbon capture and storage strategies. However, many experts have said that these strategies are a big waste of money. What is more, a Deloitte report commissioned by the Alberta government was just published today, and it found that, if we want to meet our greenhouse gas emissions cap targets, the best solution is not to invest in carbon storage strategies, which are far too costly, but to reduce oil production. Does my colleague not think that the investments in the budget for carbon capture and storage are just an exercise in futility and a waste of money?
125 words
  • Hear!
  • Rabble!
  • star_border