House of Commons Hansard #131 of the 39th Parliament, 1st Session. (The original version is on Parliament's site.) The word of the day was tax.

Topics

The Budget
Oral Questions

2:40 p.m.

Liberal

The Speaker Peter Milliken

Order, please. We need to be able to hear the hon. member who has the floor and the hon. member for Bonavista--Gander--Grand Falls--Windsor has the floor.

The Budget
Oral Questions

2:40 p.m.

Liberal

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

Mr. Speaker, since the minister was so quick to get to his feet, I would like to remind him what he said since he thinks he read the budget.

He said, “We don't always have control of our own destiny. We all like to do things...So what do you do then, you make the best of the situation you have...”.

As a matter of fact, the member for Avalon said, “...politicians of all political stripes have made promises before...and many of them have broken the promises they have made, I mean it's not a new thing to a lot of people...”.

If two of his own members can admit to a promise made, a promise broken, why will the Minister of Finance not?

The Budget
Oral Questions

2:45 p.m.

St. John's South—Mount Pearl
Newfoundland & Labrador

Conservative

Loyola Hearn Minister of Fisheries and Oceans

Mr. Speaker, since we are into quotes, let me quote from the document that those members waved around in the House yesterday, except I will read all the quote.

It reads:

The Conservative Party of Canada believes that offshore oil and gas revenues are the key to real economic growth in Atlantic Canada. That’s why we would leave you with 100 per cent of your oil and gas revenues. No small print. No excuses. No caps

That is just what we did in the budget.

Atlantic Accord
Oral Questions

March 29th, 2007 / 2:45 p.m.

Conservative

Fabian Manning Avalon, NL

Mr. Speaker, budget 2007 provides great benefits for the people of Newfoundland and Labrador. It makes our strong economy even stronger.

Our government has kept its commitment to honour and respect the Atlantic accord. We are delivering 100% of what the accord promised, not 50%, without a cap.

Unfortunately, Premier Williams does not share our commitment to a strong economy and wants to pick a fight instead.

Would the Minister of Natural Resources explain the damage that Premier Williams is causing to the people of Newfoundland and Labrador?

Atlantic Accord
Oral Questions

2:45 p.m.

Saanich—Gulf Islands
B.C.

Conservative

Gary Lunn Minister of Natural Resources

Mr. Speaker, Premier Williams is playing a very dangerous game with the economy for the people of Newfoundland and Labrador. This year alone, Newfoundland and Labrador will receive over half a billion dollars in royalties from offshore resources but his reckless actions are not improving things like the south Hibernia expansion.

There are some hard examples that are hurting our economy. We have learned that the offshore Newfoundland petroleum trade show for both local and international suppliers has now been cancelled due to lack of interest.

We encourage Premier Williams to rethink his actions.

Taxation
Oral Questions

2:45 p.m.

NDP

Chris Charlton Hamilton Mountain, ON

Mr. Speaker, by the time our country's top CEOs are sipping their morning lattes on New Year's Day, they have already earned more than the average Canadian worker makes in an entire year.

To add insult to injury, companies can write-off those stratospheric salaries against their business taxes. That means average Canadians who work hard, who play by the rules but are nonetheless struggling to make ends meet, are actually subsidizing the salaries of the wealthiest CEOs.

Will the Prime Minister close this outrageous tax loophole and amend the Income Tax Act so that salaries in excess of $1 million can no longer be deducted from business taxes?

Taxation
Oral Questions

2:45 p.m.

Calgary—Nose Hill
Alberta

Conservative

Diane Ablonczy Parliamentary Secretary to the Minister of Finance

Mr. Speaker, I remind the member that this Conservative government has acted to ensure that corporations pay their fair share of income taxes.

We restored the balance and fairness to the tax system through our tax fairness plan by ensuring that income from business activity is taxed, whether it is through corporations or whether it is through income trusts.

Furthermore, we introduced international tax fairness initiatives by improving the way Canada taxes foreign source income and also plugging tax loopholes.

Why did the member vote against a budget that actually helped corporations pay their fair share?

Taxation
Oral Questions

2:45 p.m.

NDP

Chris Charlton Hamilton Mountain, ON

Mr. Speaker, I did not ask the minister about the budget, but if that is where she wants to go, I am happy to go there.

This budget did not save or create a single job in the steel, auto or forestry sectors, but it did save corporate Canada almost $9 billion in tax cuts. Even companies that are seeking bankruptcy protection from the courts are protecting the multimillion dollar salaries of their executives while they have no qualms about seeking wage and pension concessions from their workers.

Will the minister agree that it is not acceptable for tax dollars to subsidize the growing prosperity gap that has CEOs earning 240 times more than the average Canadian worker?

Taxation
Oral Questions

2:45 p.m.

Calgary—Nose Hill
Alberta

Conservative

Diane Ablonczy Parliamentary Secretary to the Minister of Finance

Mr. Speaker, if she wants to talk about the budget, the budget actually funded the cleanup of Hamilton Harbour. Is she against that?

The budget assisted manufacturing industries including those in Hamilton and boosted skills training for labour. It funded the relocation of the CANMET Laboratory to McMaster University in Hamilton.

I would remind the hon. member that she herself is in the top 10% of income earners. If she believes in equity so much, maybe she should take a voluntary pay cut and put her money where her mouth is.

The Environment
Oral Questions

2:50 p.m.

Liberal

Raymond Simard Saint Boniface, MB

Mr. Speaker, in 2005 the Liberal budget committed $40 million to improve the ecological integrity of the Great Lakes, including Lake Winnipeg with guaranteed annual investments to improve its ecosystem.

In 2006 the Conservative budget did not mention Canada's lakes and did not provide any new funding. This year's budget pledges a measly $7 million over two years for Lake Winnipeg.

The Minister of the Environment knows this is totally inadequate. Where is the money to clean up Lake Winnipeg?

The Environment
Oral Questions

2:50 p.m.

Ottawa West—Nepean
Ontario

Conservative

John Baird Minister of the Environment

Mr. Speaker, the Liberal Party had 13 years to provide support for Lake Winnipeg and it did not deliver the goods. The Conservative members from Manitoba are delivering the goods for this government. We are also delivering money to Manitoba to help fight climate change.

Here is what the Premier of Manitoba said when we made that announcement. When asked how this government's ecotrust compared to the money provided by the previous Liberal government, he said that he did not get any, none, nada; he was not aware of a single dollar. That is the record of the Liberal Party.

Infrastructure
Oral Questions

2:50 p.m.

Liberal

Karen Redman Kitchener Centre, ON

Mr. Speaker, the government's budget ignores infrastructure needs in southwestern Ontario. The finance minister's unfair infrastructure program means that Ontario, with 12 million residents, receives a mere $25 million.

Why is a government that inherited huge surpluses ignoring southwestern Ontario which is a vital part of our province's economy?

Infrastructure
Oral Questions

2:50 p.m.

Pontiac
Québec

Conservative

Lawrence Cannon Minister of Transport

Mr. Speaker, as a matter of fact there is nothing further from the truth. As I have indicated, we have put an unprecedented amount of money into infrastructure.

Not too long ago with the hon. Donna Cansfield, minister in the government of Ontario, we did have the opportunity of working together and launching the committee for a gateway in southern Ontario.

This government is committed to helping people in southern Ontario and certainly helping Canada to be commercially competitive in world markets.

Trade
Oral Questions

2:50 p.m.

Liberal

Navdeep Bains Mississauga—Brampton South, ON

Mr. Speaker, in a recent report the Canadian Chamber of Commerce sounded the alarm over the government's miserable performance with trade and investment with India.

It gets worse. Canada's reputation abroad is being severely damaged. The government has slashed millions from trade programs, eliminated the CAN-Trade initiative, and is closing consular services in key emerging markets.

Why does the minister have no plan to showcase Canada to the world and more importantly, why is he treating Canada's economic future with such neglect?

Trade
Oral Questions

2:50 p.m.

Vancouver Kingsway
B.C.

Conservative

David Emerson Minister of International Trade and Minister for the Pacific Gateway and the Vancouver-Whistler Olympics

Mr. Speaker, the hon. member is obviously another one from the party opposite who did not read the budget. In the budget there was a provision for a global commerce strategy, $60 million over two years, and a massive provision for infrastructure.

We just took a mission over to India. I am going to India in two weeks. The government is actually getting things done with the Asia-Pacific, with India, and with our trade performance.