House of Commons Hansard #153 of the 39th Parliament, 1st Session. (The original version is on Parliament's site.) The word of the day was tax.

Topics

Official Languages
Oral Questions

2:30 p.m.

Liberal

Jean-Claude D'Amours Madawaska—Restigouche, NB

Mr. Speaker, rather than lecturing others, the minister should call to order the chairman of the Standing Committee on Official Languages.

Recently, the Prime Minister appointed, as the new federal ombudsman for victims of crime, a unilingual anglophone. He also appointed a unilingual anglophone as the chairman of Ottawa's National Capital Commission, and another one as the chair of the employment insurance arbitration board, in Moncton.

Do we need to remind the government that Ottawa and Moncton are both officially bilingual cities? Does the Prime Minister realize that, by acting in this fashion, he is insulting linguistic minorities across the country? Will he stop insulting linguistic minorities?

Official Languages
Oral Questions

2:35 p.m.

Louis-Saint-Laurent
Québec

Conservative

Josée Verner Minister of International Cooperation and Minister for la Francophonie and Official Languages

Mr. Speaker, of course, the hon. member should, for the benefit of Ottawa and Moncton residents, point out the comments made by the Liberal candidate in Papineau. He should also ask his leader why he voted against the budget, which provides an additional $30 million to communities.

Moreover, in recent days, he had a flyer distributed everywhere to tell Canadians how bad our budget is. He is himself campaigning against the additional moneys that we allocated.

Taxation
Oral Questions

2:35 p.m.

Bloc

Paul Crête Montmagny—L'Islet—Kamouraska—Rivière-du-Loup, QC

Mr. Speaker, this morning, the Minister of Finance refused to turn off the Barbados tax treaty tap, which allows Canadian companies to repatriate $4 billion in profits without paying a cent in taxes to the federal government.

How can the Minister of Finance let the middle class pay the $800 million in taxes that big corporations get away with not paying because they are using the loophole provided by Barbados?

When is he going to act?

Taxation
Oral Questions

2:35 p.m.

Whitby—Oshawa
Ontario

Conservative

Jim Flaherty Minister of Finance

Mr. Speaker, I am pleased to confirm, as I did this morning, that our government will maintain its commitment with respect to the double deduction of interest by some multinational corporations in Canada that use tax havens obviously outside Canada. This is a form of subsidy by Canadian taxpayers of corporations using a loophole for tax avoidance. We are opposed to that. It is contrary to the principle of tax fairness. We are levelling the playing field so that we can lower taxes, not only for Canadian individuals but for their families and for corporations as well.

Taxation
Oral Questions

2:35 p.m.

Bloc

Paul Crête Montmagny—L'Islet—Kamouraska—Rivière-du-Loup, QC

Mr. Speaker, if the Minister of Finance is really committed to effectively combating tax havens, as he claims, there is no two ways about it: section 5907 of the Iicome tax regulations has to be repealed. If he is serious about what he wants to achieve, when is he going to repeal it?

Deductibility of interest is one thing, but the $800 million in taxes that corporations are not paying is another one that the minister has to address.

Taxation
Oral Questions

2:35 p.m.

Whitby—Oshawa
Ontario

Conservative

Jim Flaherty Minister of Finance

Mr. Speaker, I agree with the member opposite that yes, there are some corporations that are not paying their fair share as a result of their use of tax avoidance loopholes, and yes, there is more work to be done.

I hope that the member will support the work we are doing so far. For the first time since the reports of the Auditor General and since the report of the Mintz committee, all of which were ignored by the Liberals opposite, as they did nothing for 13 years, we have a government that is protecting Canadians and their families for a fair share of paying taxes in this country and not subsidizing corporations.

Film Industry
Oral Questions

2:35 p.m.

Bloc

Maka Kotto Saint-Lambert, QC

Mr. Speaker, recent studies published in the past few days clearly show that Canada, like China, Malaysia and India, is being lax when it comes to the issue of films pirated in movie theatres. The Canadian industry and the Government of Canada have suffered estimated losses of several million dollars.

What is the government waiting for to legislate, to rein in this piracy industry and to bring the traffickers to court in order to bring an end to this illegal market of pirated products?

Film Industry
Oral Questions

2:35 p.m.

Durham
Ontario

Conservative

Bev Oda Minister of Canadian Heritage and Status of Women

Mr. Speaker, as I have indicated to the House, we recognize the situation with regard to piracy and we are working on it. We will be bringing the actions we plan to take before the House for consideration.

Copyright Act
Oral Questions

May 14th, 2007 / 2:35 p.m.

Bloc

Maka Kotto Saint-Lambert, QC

Mr. Speaker, when will the government introduce its long-awaited bill on reforming the Copyright Act, an outdated piece of legislation if ever there was one, which should be modified as soon as possible for it to meet the needs of Quebec and Canadian authors and be in line with the two WIPO treaties Canada ratified in 1996?

Copyright Act
Oral Questions

2:35 p.m.

Beauce
Québec

Conservative

Maxime Bernier Minister of Industry

Mr. Speaker, I want to assure my hon. colleague that we are working on this matter and when we are ready, we will introduce a bill in Parliament.

Taxation
Oral Questions

2:35 p.m.

Liberal

Judy Sgro York West, ON

Mr. Speaker, the Minister of Finance has finally listened to the Leader of the Opposition and has backed down on his budget plan to eliminate interest deductibility. Unfortunately, the finance minister has already caused damage as a result of his act now and consult later approach.

It is clear that the finance minister's budget is unravelling. How can Canadians trust a government whose strategy on complex issues can be summed up with these three words: ready, fire, aim?

Taxation
Oral Questions

2:40 p.m.

Whitby—Oshawa
Ontario

Conservative

Jim Flaherty Minister of Finance

Mr. Speaker, I did not hear a question, but I assume that comment was about interest deductibility and the use of tax havens.

Let us hear the position of the Liberal Party through its critic the member for Markham—Unionville. Once again, this is classic Liberal doublespeak. On May 7 he said, “When [the finance minister] says that we should go after abuses by tax havens and double-dipping, we agree”. What did he say in the Globe and Mail this morning? He criticized the minister's attack on double-dipping.

The problem with the Liberal Party is that it does not have the courage to take a stand in favour of ordinary Canadians.

Taxation
Oral Questions

2:40 p.m.

Liberal

Judy Sgro York West, ON

Mr. Speaker, we will see what happens when Canada's unemployment rate goes up as a result of some of the decisions the government is making here.

This is not about tax havens. This is about a Minister of Finance who is out of his league. Today's flip-flop is another admission of that. First we saw it on income trusts and now we see it on interest deductibility.

When will the minister learn to think about the consequences of his actions before he decides to drop a bombshell on another sector? Why did he “spend some time on it” only after he caused such a disaster?

Taxation
Oral Questions

2:40 p.m.

Whitby—Oshawa
Ontario

Conservative

Jim Flaherty Minister of Finance

Mr. Speaker, here is the Liberal position on income trusts: first of all, when those members were in government they did nothing, and then when they are in opposition they say we should do nothing. Then we do something and they say, “Oh, my. I guess we should tax it too”. That is the current position of this government.

What do those members say about tax havens? When they were in government they received all the reports on tax havens. What did they do about them? Nothing. There were 13 years of nothing.

Liberal members do not care about Canadian taxpayers. All they want to do is defend tax havens for their corporate friends.

Taxation
Oral Questions

2:40 p.m.

Liberal

Scott Brison Kings—Hants, NS

Mr. Speaker, on page 241 of his budget the finance minister eliminated interest deductibility. This morning, the minister defended interest deductibility, saying that it “gives Canadian businesses a competitive edge”.

Canadians expect flapjacks at breakfast, not flip-flops. Will the minister admit today that for breakfast he ripped up a page of his own budget, that he ate his own words, and that he swallowed himself whole by finally supporting interest deductibility?