Economic Action Plan 2013 Act, No. 1

An Act to implement certain provisions of the budget tabled in Parliament on March 21, 2013 and other measures

This bill was last introduced in the 41st Parliament, 1st Session, which ended in September 2013.

Sponsor

Jim Flaherty  Conservative

Status

This bill has received Royal Assent and is now law.

Summary

This is from the published bill. The Library of Parliament often publishes better independent summaries.

Part 1 implements certain income tax measures proposed in the March 21, 2013 budget. Most notably, it
(a) allows certain adoption-related expenses incurred before a child’s adoption file is opened to be eligible for the Adoption Expense Tax Credit;
(b) introduces an additional credit for first-time claimants of the Charitable Donations Tax Credit;
(c) makes expenses for the use of safety deposit boxes non-deductible;
(d) adjusts the Dividend Tax Credit and gross-up factor applicable in respect of dividends other than eligible dividends;
(e) allows collection action for 50% of taxes, interest and penalties in dispute in respect of a tax shelter that involves a charitable donation;
(f) extends, for one year, the Mineral Exploration Tax Credit for flow-through share investors;
(g) extends, for two years, the temporary accelerated capital cost allowance for eligible manufacturing and processing machinery and equipment;
(h) clarifies that the income tax reserve for future services is not available in respect of reclamation obligations;
(i) phases out the additional deduction available to credit unions over five years;
(j) amends rules regarding the judicial authorization process for imposing a requirement on a third party to provide information or documents related to an unnamed person or persons; and
(k) repeals the rules relating to international banking centres.
Part 1 also implements other income tax measures and tax-related measures. Most notably, it
(a) amends rules relating to caseload management of the Tax Court of Canada;
(b) streamlines the process for approving tax relief for Canadian Forces members and police officers;
(c) addresses a technical issue in relation to the temporary measure that allows certain family members to open a Registered Disability Savings Plan for an adult individual who might not be able to enter into a contract; and
(d) simplifies the determination of the Canadian-source income of non-resident pilots employed by Canadian airlines.
Part 2 implements certain goods and services tax and harmonized sales tax (GST/HST) measures proposed in the March 21, 2013 budget by
(a) reducing the compliance burden for employers under the GST/HST pension plan rules;
(b) providing the Minister of National Revenue the authority to withhold GST/HST refunds claimed by a business where the business has failed to provide certain GST/HST registration information;
(c) expanding the GST/HST exemption for publicly funded homemaker services to include personal care services provided to individuals who require such assistance at home;
(d) clarifying that reports, examinations and other services that are supplied for a non-health-care-related purpose do not qualify for the GST/HST exemption for basic health care services; and
(e) ending the current GST/HST point-of-sale relief for the Governor General.
Part 2 also amends the Excise Tax Act and Excise Act, 2001 to modify the rules regarding the judicial authorization process for imposing a requirement on a third party to provide information or documents related to an unnamed person or persons.
In addition, Part 2 amends the Excise Act, 2001 to ensure that the excise duty rate applicable to manufactured tobacco other than cigarettes and tobacco sticks is consistent with that applicable to other tobacco products.
Part 3 implements various measures, including by enacting and amending several Acts.
Division 1 of Part 3 amends the Customs Tariff to extend for ten years, until December 31, 2024, provisions relating to Canada’s preferential tariff treatments for developing and least-developed countries. Also, Division 1 reduces the rate of duty under tariff treatments in respect of a number of items relating to baby clothing and certain sports and athletic equipment imported into Canada on or after April 1, 2013.
Division 2 of Part 3 amends the Trust and Loan Companies Act, the Bank Act, the Insurance Companies Act and the Cooperative Credit Associations Act to remove some residency requirements to provide flexibility for financial institutions to efficiently structure the committees of their boards of directors.
Division 3 of Part 3 amends the Federal-Provincial Fiscal Arrangements Act to renew the equalization and territorial formula financing programs until March 31, 2019 and to implement total transfer protection for the 2013-2014 fiscal year. That Act is also amended to clarify the time of calculation of the growth rate of the Canada Health Transfer for each fiscal year beginning after March 31, 2017.
Division 4 of Part 3 authorizes payments to be made out of the Consolidated Revenue Fund to certain entities or for certain purposes.
Division 5 of Part 3 amends the Canadian Securities Regulation Regime Transition Office Act to remove the statutory dissolution date of the Canadian Securities Regulation Regime Transition Office and to provide authority for the Governor in Council, on the Minister of Finance’s recommendation, to set another date for the dissolution of that Office.
Division 6 of Part 3 amends the Investment Canada Act to clarify how proposed investments in Canada by foreign state-owned enterprises and WTO investors will be assessed and to allow for the extension, when necessary, of timelines associated with national security reviews.
Division 7 of Part 3 amends the Canada Pension Plan to ensure that the Canada Revenue Agency can accurately identify, calculate and refund overpayments made to the Canada Pension Plan and the Quebec Pension Plan in a particular year by contributors who live outside Quebec.
Division 8 of Part 3 amends the Pension Act and the War Veterans Allowance Act to ensure that veterans’ disability benefits are no longer deducted when calculating war veterans allowance.
Division 9 of Part 3 amends the Immigration and Refugee Protection Act to authorize the revocation of temporary foreign worker permits, the revocation and suspension of opinions provided by the Department of Human Resources and Skills Development with respect to an application for a work permit and the refusal to process requests for such opinions. It authorizes fees to be paid for rights and privileges conferred by means of a work permit and exempts, from the application of the User Fees Act, those fees as well as fees for the provision of services in relation to the processing of applications for a temporary resident visa, work permit, study permit or extension of an authorization to remain in Canada as a temporary resident or in relation to requests for an opinion with respect to an application for a work permit.
It also provides that decisions made by the Refugee Protection Division under the Immigration and Refugee Protection Act in respect of claims for refugee protection that were referred to that Division during a specified period are not subject to appeal to the Refugee Appeal Division if they take effect after a certain date.
Division 10 of Part 3 amends the Citizenship Act to expand the Governor in Council’s authority to make regulations respecting fees for services provided in the administration of that Act and cases in which those fees may be waived. It also exempts, from the application of the User Fees Act, fees for services provided in the administration of the Citizenship Act.
Division 11 of Part 3 amends the Nuclear Safety and Control Act to authorize the Canadian Nuclear Safety Commission to spend for its purposes the revenue it receives from the fees it charges for licences.
Division 12 of Part 3 enacts the Department of Foreign Affairs, Trade and Development Act, sets out the powers, duties and functions of the Minister of Foreign Affairs, the Minister for International Trade and the Minister for International Development and provides for the amalgamation of the Department of Foreign Affairs and International Trade and the Canadian International Development Agency.
Division 13 of Part 3 authorizes the taking of measures with respect to the reorganization and divestiture of all or any part of Ridley Terminals Inc.
Division 14 of Part 3 amends the National Capital Act and the Department of Canadian Heritage Act to transfer certain powers, duties and functions to the Minister of Canadian Heritage from the National Capital Commission. It also makes consequential amendments to the National Holocaust Monument Act to change the Minister responsible for the construction of the monument to the Minister of Canadian Heritage from the Minister responsible for the National Capital Act.
Division 15 of Part 3 amends the Salaries Act to add ministerial positions for regional development responsibilities for northern Canada, and northern and southern Ontario. It also amends the Salaries Act to replace a reference to the Solicitor General of Canada with a reference to the Minister of Public Safety and Emergency Preparedness. It also makes an amendment to the Parliament of Canada Act to provide that the maximum number of Parliamentary Secretaries who may be appointed is equal to the number of ministers for whom salaries are provided in the Salaries Act.
Division 16 of Part 3 amends the Department of Public Works and Government Services Act to remove the requirement for the Minister of Public Works and Government Services to obtain a request from a government, body or person in Canada or elsewhere in order for the Minister to do certain things for or on their behalf. It also amends that Act to specify that the Governor in Council’s approval relating to those things may be given on a general or a specific basis.
Division 17 of Part 3 amends the Financial Administration Act to give the Governor in Council the authority to direct a Crown corporation to have its negotiating mandate approved by the Treasury Board for the purpose of the Crown corporation entering into a collective agreement with a bargaining agent. It also gives the Treasury Board the authority to require that an employee under the jurisdiction of the Secretary of the Treasury Board observe the collective bargaining between the Crown corporation and the bargaining agent. It requires that a Crown corporation that is directed to have its negotiating mandate approved obtain the Treasury Board’s approval before entering into a collective agreement. It also gives the Governor in Council the authority to direct a Crown corporation to obtain the Treasury Board’s approval before the Crown corporation fixes the terms and conditions of employment of certain of its non-unionized employees. Finally, it makes consequential amendments to other Acts.
Division 18 of Part 3 amends the Keeping Canada’s Economy and Jobs Growing Act to provide for increases to the sums that may be paid out of the Consolidated Revenue Fund for municipal, regional and First Nations infrastructure through the Gas Tax Fund. It also provides that the sums may be paid on the requisition of the Minister of Indian Affairs and Northern Development.

Elsewhere

All sorts of information on this bill is available at LEGISinfo, an excellent resource from the Library of Parliament. You can also read the full text of the bill.

Votes

June 10, 2013 Passed That the Bill be now read a third time and do pass.
June 10, 2013 Failed That the motion be amended by deleting all the words after the word “That” and substituting the following: “this House decline to give third reading to Bill C-60, An Act to implement certain provisions of the budget tabled in Parliament on March 21, 2013 and other measures, because it: “( a) weakens Canadians' confidence in the work of Parliament, decreases transparency and erodes the democratic process by amending 49 different pieces of legislation, many of which are not related to budgetary measures; ( b) raises taxes on Canadians by introducing tax hikes on credit unions and small businesses; ( c) gives the Treasury Board sweeping powers to interfere in collective bargaining and impose employment conditions on non-union employees; ( d) amends the Investment Canada Act to triple review thresholds and dramatically reduces the number of foreign takeovers subject to review; ( e) proposes an inadequate Band-Aid fix for the flawed approach to labour market opinions in the temporary foreign worker program; ( f) proposes to increase fees for visitor visas for friends and family coming to visit Canada; and ( g) fails to provide substantive measures to create good Canadian jobs and stimulate meaningful long-term growth and recovery.”.
June 4, 2013 Passed That Bill C-60, An Act to implement certain provisions of the budget tabled in Parliament on March 21, 2013 and other measures, {as amended}, be concurred in at report stage [with a further amendment/with further amendments] .
June 4, 2013 Failed That Bill C-60 be amended by deleting Clause 228.
June 4, 2013 Failed That Bill C-60 be amended by deleting Clause 225.
June 4, 2013 Failed That Bill C-60 be amended by deleting Clause 213.
June 4, 2013 Failed That Bill C-60 be amended by deleting Clause 200.
June 4, 2013 Failed That Bill C-60 be amended by deleting Clause 170.
June 4, 2013 Failed That Bill C-60 be amended by deleting Clause 162.
June 4, 2013 Failed That Bill C-60 be amended by deleting Clause 136.
June 4, 2013 Failed That Bill C-60 be amended by deleting Clause 133.
June 4, 2013 Failed That Bill C-60 be amended by deleting Clause 125.
June 4, 2013 Failed That Bill C-60 be amended by deleting Clause 112.
June 4, 2013 Failed That Bill C-60 be amended by deleting Clause 104.
June 4, 2013 Failed That Bill C-60 be amended by deleting Clause 12.
June 4, 2013 Failed That Bill C-60 be amended by deleting Clause 1.
June 3, 2013 Passed That, in relation to Bill C-60, An Act to implement certain provisions of the budget tabled in Parliament on March 21, 2013 and other measures, not more than one further sitting day shall be allotted to the consideration at report stage of the Bill and one sitting day shall be allotted to the consideration at third reading stage of the said Bill; and that, 15 minutes before the expiry of the time provided for Government Orders on the day allotted to the consideration at report stage and on the day allotted to the consideration at third reading stage of the said Bill, any proceedings before the House shall be interrupted, if required for the purpose of this Order, and in turn every question necessary for the disposal of the stage of the Bill then under consideration shall be put forthwith and successively without further debate or amendment.
May 7, 2013 Passed That the Bill be now read a second time and referred to the Standing Committee on Finance.
May 7, 2013 Failed That the motion be amended by deleting all the words after the word “That” and substituting the following: “the House decline to give second reading to Bill C-60, An Act to implement certain provisions of the budget tabled in Parliament on March 21, 2013 and other measures (Economic Action Plan 2013 Act, No. 1), because it: ( a) raises taxes on middle class Canadians in order to pay for the Conservatives' wasteful spending; ( b) fails to reverse the government's decision to raise tariffs on items such as baby carriages, bicycles, household water heaters, space heaters, school supplies, ovens, coffee makers, wigs for cancer patients, and blankets; ( c) raises taxes on small business owners by $2.3 billion over the next 5 years, directly hurting 750,000 Canadians and risking Canadian jobs; ( d) raises taxes on credit unions by $75 million per year, which is an attack on rural Canadians and Canada's rural economy; ( e) adds GST/HST to certain healthcare services, including medical work that victims of crime need to establish their case in court; ( f) fails to provide a youth employment strategy to help struggling young Canadians find work; and ( g) ignores the pressing requirements of Aboriginal peoples.”.
May 2, 2013 Passed That, in relation to Bill C-60, An Act to implement certain provisions of the budget tabled in Parliament on March 21, 2013 and other measures, not more than four further sitting days shall be allotted to the consideration at second reading stage of the Bill; and That, 15 minutes before the expiry of the time provided for Government Orders on the fourth day allotted to the consideration at second reading stage of the said Bill, any proceedings before the House shall be interrupted, if required for the purpose of this Order, and, in turn, every question necessary for the disposal of the said stage of the Bill shall be put forthwith and successively, without further debate or amendment.

Economic Action Plan 2013 Act, No. 1Government Orders

May 7th, 2013 / 4:10 p.m.
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Conservative

John Weston Conservative West Vancouver—Sunshine Coast—Sea to Sky Country, BC

Mr. Speaker, I would like to thank the member for her question.

She was correct to emphasize the co-operation between various levels of government. Our minister and our government respect the division of powers between the levels of government, but it is crucial that we work together. That is why we are developing air quality legislation, for example. As parliamentarians, we must listen to the needs of our constituents.

That is why our budget so closely reflects our country's needs. We are listening to the needs of the provinces and, more importantly, the needs of Canadians.

Economic Action Plan 2013 Act, No. 1Government Orders

May 7th, 2013 / 4:10 p.m.
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Green

Elizabeth May Green Saanich—Gulf Islands, BC

Mr. Speaker, I am also well acquainted with the superb environmental record of former Speaker John Fraser and his exemplary efforts to stop the destruction of environmental laws through Bill C-38. He signed a letter with three other former ministers of fisheries decrying that the current approach of this administration is to destroy environmental laws, pushing back the protection of fish habitat.

As much as I think the world of the member for West Vancouver—Sunshine Coast—Sea to Sky Country, he could not be more wrong about what his administration and his party are doing to environmental laws in this country. It is absolutely abominable to see CEAA destroyed, the Fisheries Act weakened and, by the way, the measures that he has described as being positive are not included in the bill we are discussing today.

Economic Action Plan 2013 Act, No. 1Government Orders

May 7th, 2013 / 4:10 p.m.
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Conservative

John Weston Conservative West Vancouver—Sunshine Coast—Sea to Sky Country, BC

Mr. Speaker, I believe we have a great contributor to the debate in the member for Saanich—Gulf Islands. Certainly, she exemplifies the importance of our government listening.

Mr. Fraser certainly has been involved in that debate and always will be, as long as he has a breath to breathe. He has provided some very good constructive criticism for our government.

I want to give great credit to our Minister of the Environment and our Minister of Finance for the way they have listened. That is why we have such ingenious provisions in the budget. They are provisions that reflect the needs of Canadians, provisions that, for instance, invest $10 million in partnerships with groups across Canada. They are the engines in the protection of habitat. They galvanize volunteers. They understand the on-the-ground needs of the fish and the habitat.

Our government will be standing with those people across Canada as we protect our habitat and produce an environment that is not only as good as but is better than the one we inherited.

Economic Action Plan 2013 Act, No. 1Government Orders

May 7th, 2013 / 4:10 p.m.
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Liberal

Kevin Lamoureux Liberal Winnipeg North, MB

Mr. Speaker, I have a quick question. The government will spend $95,000 in tax dollars for a 30-second ad during a hockey game, or something of this nature.

In Winnipeg North, about $300,000 in government money would allow for 60 summer jobs for students. Three ads would have covered the cost of that program. Does the member believe that Canadians would rather see the Government of Canada invest in student summer jobs or in the propaganda in the television promo ads it is running on the economic action plan?

Economic Action Plan 2013 Act, No. 1Government Orders

May 7th, 2013 / 4:15 p.m.
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Conservative

John Weston Conservative West Vancouver—Sunshine Coast—Sea to Sky Country, BC

Mr. Speaker, it would be far more credible if my colleague, whom I admire greatly for his intellect and his rhetoric, occasionally offered support for the government for measures such as accountability and transparency, which he is referring to now.

Which government brought in the most sweeping accountability provisions in Canadian history? Which government puts its focus on transparency every day in its operations? It is our Conservative government. It is hard to take an out-of-context criticism of one particular thing when the member is consistently on his feet voting against the provisions we are talking about today: a budget and environmental measures that are bound to pull us forward into a cleaner and healthier environment.

Economic Action Plan 2013 Act, No. 1Government Orders

May 7th, 2013 / 4:15 p.m.
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NDP

Ruth Ellen Brosseau NDP Berthier—Maskinongé, QC

Mr. Speaker, I have the honour of rising in the House today to speak to Bill C-60 on behalf of my constituents in Berthier—Maskinongé, who are opposed to this new omnibus bill.

In my opinion, the short title of this bill, Economic Action Plan 2013 Act, No. 1, is not really appropriate.

After reading through this bill, I am once again disappointed to see that there is nothing in it that will bring about economic recovery or create jobs or make life more affordable for Canadians. On the contrary, the Conservatives have raised taxes on a number of consumer goods.

Budget 2013 is full of tax increases on hospital parking, safety deposit boxes, labour-sponsored investment funds, bicycles and baby buggies. These increases even affected hockey helmets, until my colleague from Sudbury pointed that out and the government had to cancel the increases on hockey helmets and sports equipment.

These tax increases will cost Canadians $8 billion over the next five years. This budget will not just raise the cost of living. It will also slow economic growth.

The Parliamentary Budget Officer analyzed the economic situation and the bills brought in by this government. She found that budget 2012, the 2012 update and budget 2013 will result in the loss of 67,000 jobs by 2017 and will cause a 0.57% decline in the GDP. I do not need to say that this is not a good thing for our country’s economic growth.

With wages stagnating, uncertain jobs and families heavily in debt, the Conservatives are proposing austerity measures that add to the cost of living for Canadian families and stifle economic growth.

This bill contains a number of complex measures that deserve to be considered and examined carefully. For the third time in their current term, however, the Conservatives are proposing to evade the oversight of parliamentarians and the public. I find this insulting on several levels. We are here to examine bills. When the government imposes gag orders, we cannot do our job.

This bill contains changes to the temporary foreign worker program. The Conservatives are proposing to close major loopholes by giving the department the last word when work permits or opinions about a permit application become a source of political embarrassment. That does not solve the main problem, which is the mismanagement of the temporary foreign worker program by the present government.

I have received many emails from the people of Berthier—Maskinongé criticizing the changes in Bill C-60 that enable the government to compel a crown corporation to have its negotiating mandate approved by the Treasury Board so that it can reach a collective agreement with a union, particularly in the case of the CBC.

The people of Berthier—Maskinongé do not want to see any politician exercise that kind of control over our national public broadcaster. The changes proposed in Bill C-60 constitute an all-out attack on the right to free collective bargaining in Canada.

The NDP opposes Bill C-60 based on its content, but also on the process used. With so little time to study of the bill, members cannot consider its consequences. Once again, the Conservatives are trying to keep Canadians in the dark, and it is Canadians who will ultimately pay the price.

Today I would like to focus on a few specific aspects of the bill. I have noticed a truly disturbing trend in this government's legislative program.

Several changes made recently show how little the Conservatives know about the need for a long-term strategy for our regions. I am thinking in particular of the elimination of the labour-sponsored funds tax credit, the employment insurance reform and the cuts to all services.

One important measure that has drawn my attention is the cancellation of the labour-sponsored funds tax credit in this last budget. The government has announced the phasing-out of the 15% tax credit it grants for shareholders of labour-sponsored funds.

This decision is a serious mistake and shows that the Conservatives understanding nothing about Quebec's economic model and the role these funds play in the province and, of course, in the economies of the rural regions.

Ninety per cent of the amounts that Ottawa wants to recover with this measure will come from Quebec savers and investors, since virtually all of these funds are in Quebec. This decision will mainly affect the middle class and its ability to save for retirement, in addition to depriving Quebec SMEs of significant support for their development.

Once again, the government has turned a deaf ear, just as it did on the employment insurance reform. On April 27, thousands of people from several Quebec regions demonstrated in downtown Montreal against the Conservative government's butchering of employment insurance.

This reform is a serious attack on the most vulnerable workers in our society, most of whom are women. It will also affect families and regions. Once again, despite the demonstration, the Conservatives are not listening to Canadians, and I find that truly sad and deplorable, particularly when I see families and workers trying hard to make ends meet.

This reform strikes a hard blow to the economic health of our regions. In my riding, thousands of people hold seasonal jobs. A large segment of the economy depends on seasonal work, including farming, tourism, construction and forestry. The list is long.

Employment insurance reform will have disastrous consequences for a number of regions. The Conservatives did not assess the impact of such a reform. They are refusing to listen to the protestors who are calling on the government to back down. I am also wondering what happened to their 2011 campaign slogan, “Our region in power”. I have the impression that their slogan should now be “The regions—who cares?”

Why not try to create real jobs and support local initiatives? In short, I am talking about this reform to remind the government that it is a real disaster. As if that were not enough, the government is adding insult to injury with the labour-supported funds.

Another important aspect of the bill is the elimination of the supplementary tax credit for credit unions. Our credit unions play a vital role in our rural communities. Last year, I had the honour of being on the Special Committee on Co-operatives, where my Conservative and Liberal colleagues and I heard testimony that shed light on the remarkable work co-operatives do in our communities.

Perhaps some members were more attentive than others, because I now see that the supplementary tax credit for co-operatives will be eliminated. That will seriously limit the ability of credit unions to compete with large banks, when what the banking sector needs is more competition.

Last year, the Conservatives put an end to the co-operative development initiative and made cuts to the rural secretariat. Now, it is the co-operatives' turn. Do the Conservatives not understand that these changes are going to hit our rural regions hard, both in Quebec and in the rest of the country?

Tabling a budget means making choices. The budget implementation bill shows that the Conservatives are choosing not to support families, workers or our young people. Last year, when we debated the budget 2012 implementation bills—Bills C-38 and C-45—many of my New Democrat colleagues, as well as economic analysts, warned us that we would not have time to understand everything the omnibus bills contained and that the long-term impact would be felt for years to come.

We are finding out the implications of those bills again today, and I am afraid the same thing will happen with Bill C-60. Our children will be the ones to feel the effects of the Conservatives' misguided policies, when they are longer be around to be accountable. I hope they will be willing to listen to our concerns and make the required changes.

Economic Action Plan 2013 Act, No. 1Government Orders

May 7th, 2013 / 4:25 p.m.
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Conservative

Robert Sopuck Conservative Dauphin—Swan River—Marquette, MB

Mr. Speaker, it is obvious that the NDP economic model is basically the Greek economic model, and that model put Greece in terrible difficulty. Only by adopting the policies of the Canadian Conservative government is Greece finally starting to work its way out of the terrible place it was in.

As I said in my previous comments, the NDP's proposals for all economic action is to spend, spend, spend. Does my hon. colleague think a country can spend itself rich?

Economic Action Plan 2013 Act, No. 1Government Orders

May 7th, 2013 / 4:25 p.m.
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NDP

Ruth Ellen Brosseau NDP Berthier—Maskinongé, QC

Mr. Speaker, this is a question we hear quite often from the government, and the member posed it recently.

As I said in my speech, a budget is about choices. It is about being responsible. There are 1.4 million Canadians who are unemployed. When I see the youth of my generation not being able to find jobs out of college and being so heavily indebted, these are not good choices. In my riding, there are a lot of small and medium-sized businesses. I do not see any measures in this budget that would help people or businesses in my riding. That is why I am voting against a budget like this.

Economic Action Plan 2013 Act, No. 1Government Orders

May 7th, 2013 / 4:25 p.m.
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Liberal

Kevin Lamoureux Liberal Winnipeg North, MB

Mr. Speaker, I want to pick up on the member's comments with regard to credit unions. This is something Liberals have raised in question period and in speeches to try to draw more attention. The government asks what it can do to improve things in the budget, and this is just one of many things it could do.

Let us recognize the important role credit unions play, in particular, in smaller communities that do not have access to banking. Another way of looking at it is that smaller credit unions provide a great deal of competition, thereby ensuring that there are at least better service fees. Fees are still far too high within the banking industry or the financial industry as a whole, but the bottom line is that there is healthy competition when there are enriched credit unions. Credit unions play a phenomenal role in providing support for many of the regions that are not getting the type of support they could get from the banking industry.

I wonder if the member would like to expand upon her comments with regard to just how important those tax credits were for that industry.

Economic Action Plan 2013 Act, No. 1Government Orders

May 7th, 2013 / 4:25 p.m.
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NDP

Ruth Ellen Brosseau NDP Berthier—Maskinongé, QC

Mr. Speaker, co-operatives and credit unions are very important. They are also very democratic. It is member based, and members take care of each other. In my riding, there are quite a few co-ops, and as a result of what I learned after having been on the special committee for co-operatives, I know they are based out of a need. They come together and create jobs. They are democratic and give back to the community. When credit unions make money, they do not get rich or give bonuses to the higher ups, they give back to the community. That is something we need to encourage. This is a good measure and a step in the right direction to keep this credit. It is a simple step.

Economic Action Plan 2013 Act, No. 1Government Orders

May 7th, 2013 / 4:25 p.m.
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NDP

Jonathan Tremblay NDP Montmorency—Charlevoix—Haute-Côte-Nord, QC

Mr. Speaker, my colleague from Berthier—Maskinongé gave an excellent speech. She clearly articulated the kinds of investments our rural municipalities need for their economic growth.

She talked about choices, and she is right. Budgets are all about making choices. Consider infrastructure investments for just a moment. The government is simply playing with numbers. Initially, the money was spread over seven years; now it is over 10 years. If we do the math, after 10 years, less money will have been invested annually than originally planned.

The government is playing with numbers. Does that sound like the actions of a good manager?

Economic Action Plan 2013 Act, No. 1Government Orders

May 7th, 2013 / 4:30 p.m.
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NDP

Ruth Ellen Brosseau NDP Berthier—Maskinongé, QC

Mr. Speaker, I thank my hon. colleague for his question.

When I visit the mayors in my riding, which is made up of 34 municipalities, they often tell me they need money for infrastructure. When the government announced that there would be plenty of money for infrastructure, it was playing games.

Clearly, $4.7 billion is less money than what has been allocated in previous years, and yet investing in infrastructure creates jobs, meets genuine needs and constitutes a positive measure.

The government says it is investing more, but that is merely propaganda. It is simply not true.

The House resumed consideration of the motion that Bill C-60, An Act to implement certain provisions of the budget tabled in Parliament on March 21, 2013 and other measures, be read the second time and referred to a committee, and of the amendment.

Economic Action Plan 2013 Act, No. 1Government Orders

May 7th, 2013 / 5 p.m.
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NDP

Randall Garrison NDP Esquimalt—Juan de Fuca, BC

Mr. Speaker, I listened with interest to my hon. colleague's speech. I did not hear him talk about the provisions in the budget that would drastically reduce the value of takeovers that would be examined under the Investment Canada Act.

In view of the fact that he voted against our motion to stop the Canada-China FIPA, and also in view of his leader's support for the takeover of Nexen by a Chinese state corporation, does he have any concern about this reduction in the size of takeovers that would be examined under the Investment Canada Act?

Economic Action Plan 2013 Act, No. 1Government Orders

May 7th, 2013 / 5 p.m.
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Liberal

Scott Simms Liberal Bonavista—Gander—Grand Falls—Windsor, NL

Mr. Speaker, always I have concerns. It happens in my riding. Corporations in my riding, and in many situations, fishermen, miners and loggers, are put in a grave situation.

However, I am not going to completely turn off the tap of investment into my area. If I did that, it would be far worse than what we have right now. If we turn off the investment in the mining sector in my riding alone, and part of the new riding I will inherit after the next election, if we do not sign onto these agreements that allow reciprocity, we will find ourselves at a disadvantage. None of that will be extracted and no benefits will be taken.

I have my concerns, just like the hon. member does, but I do not close the door completely and lock it to future investment in the area. There is no company in my riding that can extract this mineral. There is no one company that can take all this, whether it is oil, gas or logging. We need that outside investment for this to work, and yes, reciprocity is a two-way street.

The unfairness is vetted through many boards. There are certain mechanisms by which we can settle these disputes. Granted, some of these disputes do not work out for us. However, that does not mean I am willing to eliminate this whole process. That would be far more detrimental than the situation my hon. friend proposes.