Madam Speaker, my colleague just mentioned that, according to the report of the Parliamentary Budget Officer, taxing large profits would bring in $4.2 billion, but for 2023 to 2028, a five-year period, it is roughly $1.5 billion yearly.
Heat pumps also require ventilation ducts. In Quebec, people will also need a furnace, because a heat pump will not work when it is colder than -12°C. This amounts to between $8,000 and $20,000 per installation. There are 11 million low-income people in Canada, and even more middle-income earners.
Averaging out the cost, for the free heat pump alone, we get $77 billion for this measure, along with one to pay for it that would cost $1 billion yearly. How does that work?