Debates of April 16th, 2024

Pharmacare Act

[Judy Sgro, Liberal, Humber River—Black Creek, ON]

Mr. Speaker, I want to thank the hon. member for his commitment to his community and the indigenous community, in particular.

Bill C-64 is one more way for us to talk about health care in Canada. We are certainly talking about the indigenous community, but we are also talking about all Canadians. The more opportunity we have to look at where we could improve the system, the better it is for all of us.

[The Deputy Speaker, Conservative, Chris d'Entremont]

Before I call the next speaker, I would remind members that we will probably have to stop right around four o'clock. The member might get her whole speech in, but maybe not.

The hon. member for Fort McMurray—Cold Lake.

[Laila Goodridge, Conservative, Fort McMurray—Cold Lake, AB]

Mr. Speaker, it is an absolute honour to be able to rise in this place and bring forward a perspective on this bill and to speak in support of the amendment that has been brought forward by my colleague and friend, the member for Cumberland—Colchester.

It is very terrifying to me, because this is effectively another fairy tale promise that the government is pushing forward, along with a long line of fairy tale promises when it comes to the things it is claiming it is doing on behalf of Canadians.

This bill is not a pharmacare plan. Government members might state that it is a pharmacare plan and they can repeat it over and over again, but that does not necessarily make it true. Just because one says something over and over again does not make it so. This is something I will repeat over and over again, because if they think that it somehow works, then maybe we need to bring this forward as well.

This is a legislative framework to look at possibly one day, maybe, kind of, sort of, creating a pharmacare scheme of sorts, but it is not a true pharmacare scheme because it would only cover a couple of different drug types for a couple of different spaces, and it flies directly in the face of many provinces. In fact, in my home province of Alberta, the health minister, who is a former colleague of mine, Adriana LaGrange, very early on was exceptionally clear that Alberta would pull out of a federal pharmacare plan, citing subsidy program concerns and a lack of consultation from the federal government.

Whether the government and its NDP partners in its coalition want to admit it or not, provinces and territories in this country are the ones constitutionally responsible for the delivery of health care in this country. Therefore, not doing adequate consultation with provinces and territories before bringing forward a bill that would directly impact the delivery of health care is exceptionally concerning and should concern every single person in this chamber, whether they care about what the Constitution says or not.

Inevitably, we will see something similar to what we have seen with so many of the bills brought forward by the government. It will end up resulting in a whole bunch of lawyers getting rich from court cases when it gets found out five years, six years or seven years from now that, unfortunately, it did not fall within the government's jurisdiction and it overstepped.

The government has an opportunity right now. We are giving it an out. We are giving it a pass. It can accept the amendment from my colleague and vote against this and allow us to have a bit more consultation and to have some real conversations about this. However, government members are not concerned about that. They want to bully through. They think that Ottawa knows best, and frankly, in Fort McMurray—Cold Lake and right across Canada, the people in those communities know better for their communities. The provinces know better about how to deliver health care than Ottawa will ever know, but the Liberals will not pull the cotton out of their ears long enough to listen, and that is very unfortunate.

Like I said, this is just a promise. This is a promise along the lines of so many broken promises over the last eight years from the government. The government promised affordable health care. The reality is that it doubled housing costs. It promised that the carbon tax would not cost us anything, yet the reality is that we found 60% of families are paying more because of these carbon taxes. It promised taxes would go down, yet the reality is that taxes have gone up. It also promised safe streets, yet the reality is that we see crime, chaos, drugs and disorder.

I point out these broken promises because Canadians deserve to understand that, after eight years, the Liberal-NDP coalition government is just not worth the cost. It bears repeating that it is yet again trying to buy votes with a fairy tale scheme of sorts to possibly one day look at something that should be looked at, but it should actually consult with provinces and territories, which is something the government has decided to completely abdicate its role in.

I want to highlight the fact that I would be splitting my time with the member for Souris—Moose Mountain, who is one of my colleagues on the health committee and someone who is very passionate when it comes to provincial jurisdiction, as well as making sure that people are getting adequate care.

Going back to the broken promises we hear time and time again, it is indicative of a pattern. If we do not look at the patterns and take the government at its word because it claims this is new and shiny and that we should trust it, that would terrify the people I have talked to in Fort McMurray—Cold Lake. It is something people do not want to hear. They know full well that Ottawa breaks the things that it touches. I hear that day in and day out. People are saying something might be an okay idea and that we should talk about it, but they do not trust that the government is going to get it done.

Housing is a perfect example of this. We have seen, under the last eight years of the Liberal-NDP government, that housing prices have doubled. People in my generation do not think they will ever be able to afford a home. It now takes longer to afford a down payment on a home than it took most Canadians in the previous generation to pay off their mortgages. If that does not terrify everyone in this room, there are some serious problems at play.

We will continue to fight for Canadians because they deserve to have someone to fight for them right now.

We understand that the NDP did this in a quest to grab on to some form of power and to prop up a government that it complains about on every occasion yet votes with time and time again. New Democrats will get up in question period and have a big fight, but when push comes to shove, they co-sign everything the Liberal-NDP government puts forward.

Canadians have had enough. I hear from them every single day, as do all of my Conservative colleagues. We hear from people who are struggling to put groceries in their fridges and feed their kids a nutritious meal. We hear from families who are struggling with whether to turn the heat up in the dead of winter or put food on the table. These are real, true, honest concerns, but the government seems to be completely negligent when it comes to standing up for Canadians.

The news is positive. Conservatives have been very clear. We want to see a few things from this government, especially in this upcoming budget. We want to see it axe the tax. We want to see it build the homes. We want to see it stop the crime, and we want to see it bring forward a dollar-for-dollar law so that Canadians do not have to pay for its extravagant promises and costs.

Frankly, the Liberals would do well if they took my advice, voted for this amendment and allowed us to axe this bill.

[The Speaker, Liberal, Greg Fergus]

It being 4 p.m., the House will now proceed to the consideration of Ways and Means Proceedings No. 20 concerning the budget presentation.

Financial Statement of Minister of Finance

[Chrystia Freeland, Liberal, Deputy Prime Minister and Minister of Finance]

moved:

That this House approve in general the budgetary policy of the government.

Mr. Speaker, pursuant to Standing Order 83(1), I would like to table, in both official languages, the budget documents for 2024, including notices of ways and means motions. The details of the measures are contained in these documents.

Pursuant to Standing Order 83(2), I am requesting that an order of the day be designated for consideration of these motions.

We are acting today to ensure fairness for every generation. We are moving with purpose to help build more homes faster. We are making life cost less. We are driving the kind of economic growth that will ensure every generation of Canadians can reach their full potential, and we are making Canada's tax system more fair by ensuring that the very wealthiest pay their fair share.

We are doing this because a fair chance to build a good middle-class life, to do as well as one's parents and grandparents or better, has always been the promise of Canada. However, today, millennial and generation Z Canadians can get a good job, they can work hard and they can do everything their parents did and more, yet too often the reward remains out of reach. They look at their parents' lives and wonder, “How will I ever be able to afford that?”

The same anxiety haunts those of us who care about our younger generations: their parents and grandparents. What many parents have achieved for themselves, a degree of comfort and security, we want for our children and grandchildren. We want their hard work to be rewarded, as it has been for us. We want them to look forward to a future with a sense of anticipation, not angst.

We have arrived at a pivotal moment for millennials and gen Z. These Canadians have so much talent and potential. They need to see and believe that our country can work for them. Making the promise of Canada real for younger Canadians requires action from us, and that is what we are delivering.

It begins with building more homes at a pace and scale not seen since after the Second World War. Over the past three weeks, we have shared with Canadians our new and ambitious plan to solve the housing crisis and to help ensure that Canadians, especially younger Canadians, are able to afford their rent or mortgage payments. We are investing to kick-start the construction of more rental apartments and more affordable housing across our country. We are topping up the housing accelerator fund, which is doing exactly what we intended and exactly what Canada needs: cutting through red tape and breaking down zoning barriers. This innovative fund is at the vanguard of a housing revolution in Canada and is fast-tracking the creation of new homes.

We are making the math work for builders by cutting federal taxes on new apartment construction, breaking down regulatory and zoning barriers, providing direct low-cost financing and making more government land available for building.

In a country with winters as long and as cold as ours, we are scaling up innovative construction techniques, like modular housing, to build homes year-round. Modular housing makes Canadian homes less expensive and the Canadian economy more productive. To support all this new housing, we are investing in the infrastructure communities need to grow and increasing the number of construction workers, by creating opportunities for apprentices and recognizing foreign credentials.

We are making it easier for Canadian homeowners to add a basement suite or a laneway house so that middle-class Canadians can be part of the housing solution too. Our work to build more homes faster across our country is quite literally an exercise in nation building. It is a true team Canada effort.

Together, we are putting into action a plan to build nearly four million homes by 2031 and to unlock the door to the middle class for more young Canadians.

While we work urgently to increase the supply of housing, our government is taking action to bring relief to Canadians—especially younger Canadians—by making it more affordable to rent or to buy a new home. This starts with better protecting renters from steep rent increases and renovictions. It also means making sure they get credit for their on-time rental payments—so they are in a better position to qualify for a mortgage, maybe even at a lower rate, when the time comes to buy their first home.

For first-time buyers, we will be extending the maximum amortization period of a mortgage to 30 years on new builds, including condos. That means lower monthly payments and greater opportunity for young people to get those first keys of their own. Combined with tax-free ways to save for a first down payment through the tax-free first home savings account and the enhanced homebuyers' plan, the longer amortization period would ensure more younger Canadians are able to afford that first home and take that next big step into a prosperous middle-class life.

The second part of our plan is making life cost less. Inflation has now been back within the Bank of Canada's target range for three months in a row. That is good news for Canadians, but more is needed to help reduce the cost of living—to help younger Canadians gain ground. As a government, we have made transformative enhancements to Canada's social safety net.

Ten-dollar-a-day child care is already saving parents thousands of dollars a year and making it financially possible for more Canadians to choose to start a family of their own. Now we are making further investments, creating even more child care spaces so more families can benefit and more mothers do not have to choose between a career and a family. This is feminist social policy and it is smart economic policy, too. Already, thanks to our early learning and child care investments, Canada has reached a record high for working-age women's labour force participation.

Our new Canadian dental care plan started in December and more than 1.7 million Canadians have already signed up. Next year, nine million uninsured Canadians will have dental coverage.

We have also introduced legislation to deliver the first phase of national pharmacare, which will provide universal coverage for many diabetes medications and make contraceptives free—ensuring every Canadian woman can freely choose the contraceptive that works best for her, not just the only one she can afford.

Free contraceptives are central to a woman's right to control her own body. That is a fundamental woman's right and it is a fundamental human right. As a woman, as a mother and as Canada's finance minister and Deputy Prime Minister, let me say clearly here today that this is an essential right our government will always protect.

Women in other countries, our friends, our neighbours, are losing their right to control their own bodies. We will not let that happen here in Canada.

Our government’s transformative investments are having a meaningful impact, helping every generation save money. The Canada child benefit is the foundation of our support to young Canadian families and has helped lift more than 650,000 children out of poverty since 2016.

The Canada workers benefit provides a meaningful boost to our lowest-paid and often most essential workers. Our new Canada disability benefit will increase the financial well-being of low-income Canadians with disabilities.

We will also launch a national school food program—working with provinces and territories to expand access to school food programs and help 400,000 more children get good, healthy food—so that they can have a fair start at a good, healthy life.

The list of supportive, cost-saving measures goes on. The GST credit arrives every three months to put some extra money in the pockets of millions of Canadians.

The Canada carbon rebate ensures that we fight climate change in the most cost-effective way, delivering hundreds of dollars to Canadians, every three months, including yesterday. Eight out of 10 Canadians get back more than they pay in the provinces where the federal price on pollution applies, and in this budget, we are delivering on our promise to return carbon pricing proceeds to small- and medium-sized businesses.

I am so proud to announce that our new Canada carbon rebate for small businesses will soon return over $2.5 billion directly to about 600,000 small and medium-sized businesses. This real, meaningful support is a testament to our commitment to Canada’s small businesses.

At a time when prices are high, we are delivering real investments that help make life cost less for Canadians. The third part of our plan is growing the economy in a way that is shared by everyone.

To drive the kind of growth Canada needs today, we are redoubling our efforts to attract investment, increase productivity and boost innovation. We are working to empower our best entrepreneurs to put their ideas to work here in Canada and create good-paying and meaningful jobs.

How do we do that? To quote one of our country’s great philosophers, we need to skate to where the puck is going.

That means doubling down on artificial intelligence. We were the first country to have a national AI strategy.

Over the past several years, we have supported the creation and growth of one of the world's leading, most talented AI communities.

Today we are taking the next step to secure Canada's AI advantage.

We are equipping our AI innovators with the computing power they need to attract and nurture the best researchers, to scale up businesses and to drive the innovation that will deliver transformative economic opportunities for Canada and Canadians. Homegrown Canadian AI companies are already helping to boost the productivity of Canadian workers.

A natural area to seize a further competitive advantage for Canada is building the mechanical heart of the AI economy: data centres. We have a natural edge. We have abundant and clean electricity. We have skilled and experienced engineers. We have the cold climate needed to help cool supercomputers, and we are physically close to the world's largest market, which has vast data-processing needs.

We are introducing the accelerated capital cost allowance for innovation-enabling and productivity-enhancing assets. This means that investments in things like computers, data network infrastructure and more will be eligible for immediate write-offs. This will encourage companies to reinvest, create more jobs and make their businesses more productive and innovative.

In the first three-quarters of 2023, Canada attracted the very highest per-capita foreign direct investment in the G7 and the third most total FDI in the world. Our budget builds on that significant accomplishment, because attracting investment is key to driving growth, increasing productivity and boosting innovation.

With the Canada growth fund and our $93-billion suite of investment tax credits, we are already encouraging businesses to invest in emerging clean technologies that can drive growth and productivity and create more good paying jobs. Today we are proposing a new investment tax credit to attract companies investing across the electric vehicle supply chain. Canada boasts an abundance of natural resources. We intend to leverage this national advantage to build entire supply chains, and our new investment tax credit will encourage precisely that.

We are investing over $5 billion in Canadian brain power. More funding for research and scholarships will help Canada attract the next generation of game-changing thinkers pursuing excellence. We are building on our track record of making it more affordable to go to college and university by renewing the increase in upfront Canada student grants and interest-free loans, increasing the amount of financial aid students get for housing and making it easier for mature students to go back to school affordably. All of this is on top of our campaign promise to eliminate interest on Canada student loans, which we delivered on a year ago.

Our new Canadian entrepreneurs' incentive will ensure entrepreneurs get to keep a bigger share of the profits from the risks they take and the hard work they do and have more money to reinvest into their next venture.

A prosperous future and abundant good paying jobs depend on Canada’s innovators, entrepreneurs and researchers. That is why we are supporting them.

There are those who claim that the only good thing government can do when it comes to economic growth is to get out of the way. I would like to introduce those people who just cheered to the talented tradespeople and the brilliant engineers who, last Thursday, made the final weld, known as the golden weld, on a great national project: the Trans Mountain pipeline.

It took an activist, determined Liberal government to get it built. Last week, the Bank of Canada estimated this project alone will add one-quarter of a percentage point to Canada's GDP.

As we invest with purpose for the benefit of our younger generations and those who love them, we continue to stick to a responsible fiscal plan. As part of that plan, in the fall, we set three very specific fiscal guideposts: maintaining the 2023-24 deficit at or below $40.1 billion; lowering the debt-to-GDP ratio in 2024-25, relative to the 2023 fall economic statement, and keeping it on a declining track thereafter; and maintaining a declining deficit-to-GDP ratio in 2024-25 and keeping deficits below 1% of GDP in 2026-27 and in future years.

In this budget, every single one of these objectives is being met, as is our fiscal anchor, which is a declining federal debt-to-GDP ratio over the medium term. In fact, Canada has the lowest deficit and net debt-to-GDP ratios in the G7, as recognized in our AAA credit rating.

Private sector forecasters are now predicting a soft landing for the Canadian economy—avoiding the recession and heartbreaking surge in unemployment that many had thought was inevitable.

Canadians know how important it is to responsibly manage a budget in the face of rising costs, and they rightly expect their government to do the same.

That is why, going forward, federal public service organizations will be required to cover a portion of increased operating costs through their existing resources. Most of these savings will be achieved through natural attrition in the federal public service. As a result, over the next four years, we expect the ranks of the public service to decline by approximately 5,000 full-time equivalent positions.

To responsibly build a fairer future for younger Canadians, we need to make sure our tax system is fairer too. In Canada and around the world, the 21st century, winner-takes-all economy is making those at the very top richer, while too many middle-class Canadians are struggling just to avoid falling behind.

The job of our tax system is to lean against this structural inequality and to fund investments in the middle class, especially in young Canadians, by asking those who are benefiting from the winner-takes-all economy to pay a little more. Today, our tax system does not do that. Today, it is possible for a nurse or a carpenter to pay tax at a higher marginal rate than a multi-millionaire. That is not fair. That must change, and it will.

Our government is raising the inclusion rate to two-thirds on annual capital gains above $250,000 for individuals. This new revenue will help make life cost less for millions of Canadians, particularly millennials and gen Z. It will help fund our efforts to turbocharge the building of more homes. It will support investments in growth and productivity that will pay dividends for years to come.

Who will pay more? Most Canadians have no capital gains in a typical year, so they will not pay more. The first $250,000 in capital gains every single year enjoyed by each individual Canadian will be taxed at the current rate. Individual Canadians enjoying this substantial annual gain will not pay a penny more.

The lifetime capital gains exemption, an amount fully exempt from taxation, will be raised to $1.25 million, and this change will not, of course, apply to the sale of Canadians' principal residence, which is and will remain fully exempt from the tax on capital gains. Only 0.13% of Canadians with an average annual income of $1.4 million will pay more on their capital gains. For 99.87% of Canadians, personal income taxes on capital gains will not increase.

Taxing capital gains is not an inherently partisan idea. It is an idea that everyone who cares about fairness should support. In fact, the idea of taxing capital gains in Canada was first broached by the government of former prime minister John Diefenbaker and his Royal Commission on Taxation, which was chaired by Kenneth Carter, and former prime minister Brian Mulroney raised the capital gains inclusion rate to 75%, higher than the rate we are establishing today.

I know there will be many voices raised in protest. No one likes paying more tax, even, or perhaps, particularly, those who can afford it the most. Before they complain too bitterly, I would like to ask Canada's 1%, Canada's 0.1%, to consider this: What kind of country do they want to live in? Do they want to live in a country where we can tell the size of one's paycheque by their smile? Do they want to live in a country where kids go to school hungry? Do they want to live in a country where a teenage girl gets pregnant because she does not have the money to buy birth control? Do they want to live in a country where the only young Canadians who can buy their own homes are those with parents who can help with the down payment? Do they want to live in a country where we make the investments we need in health care, in housing, in old age pensions, but we lack the political will to pay for them and choose instead to pass a ballooning debt on to our children? Do they want to live in a country where those at the very top live lives of luxury but must do so in gated communities behind ever-higher fences using private health care and private planes because the public sphere is so degraded and the wrath of the vast majority of their less-privileged compatriots burns so hot?

Everyone of us here in this chamber today, and every Canadian across our truly great country, needs to ask themselves these same questions because the stakes could not be higher.

Democracy is not inevitable. It has succeeded and succeeds because it has delivered a good life for the middle class. When liberal democracy fails to deliver on that most fundamental social contract, we should not be surprised if the middle class loses faith in democracy itself.

Tax policy is not only, or chiefly, the province of accountants or economists. It belongs to all of us because it is how we decide what kind of a country we want to live in and what kind of a country we want to build. Today, our government is making our choice.

This is our path forward. This is our plan to renew the promise of Canada. There are some in the House, especially those across the aisle, who do not share our vision. They would get rid of the programs that we have supported to improve the lives of all generations. They believe that the job of government is to do little, then less, and ultimately as close as possible to nothing at all.

Years ago, they ripped up early learning and child care. When he was the housing minister in a former government, the current Leader of the Opposition only got a handful of homes constructed. It was our Prime Minister, not a Conservative, who actually got a pipeline built. Do colleagues know why that is? That is because our government understands that to do big things in Canada, sometimes the government needs to lead the charge, whether it is getting more homes built faster or finally creating a national system of early learning and child care, or bending the curve on emissions.

Let us be honest about what austerity and shrinking the state would mean for Canadians. It means they would be on their own. It means no one would give them a hand when they falter and that they would be choosing to turn their backs on a friend or neighbour who has not been as lucky as they. That is not the Canadian way. In this country, we take care of each other.

To make a positive difference in people's lives, to get big things built, to get big things done, we need more than a slogan, more than a rhyme or two. We cannot Hop on Pop our way to a better country. To make a difference in people's lives, we need a plan. Canada needs action, not indifference. We are acting. The times call for building up our country, not sitting on the sidelines. We are building.

Today, we say to our younger generations and to those who care about them that we are putting all the power of government to work for them. We will build more homes. We will make life cost less. We will grow our economy in a way that works for everyone. Together, we will unlock the door to the middle class for more Canadians and renew the promise of our great country.

[Pierre Poilievre, Conservative, Leader of the Opposition]

Mr. Speaker, this is the ninth deficit budget since the Prime Minister said that budgets balance themselves. Everything he spends money on only gets worse.

He promised that these deficits would make housing affordable. Then rent, mortgage payments and down payments for buying a home doubled.

He said that food would become more affordable. Now it costs 30% more, and one in four children do not have access to a nutritious meal.

After nine deficits, the government is rich and the people are poor.

Today, he is doing much the same with a $40-billion inflationary deficit in new spending, which is the equivalent of $2,400 in inflation for every family. We are spending more on interest on the national debt than we are on health.

That is why common-sense Conservatives will be voting against this pyromaniac firefighter who is pouring fuel instead of water on the inflationary fire he has set.

This is the ninth deficit after the Prime Minister promised the budget would balance itself, and what did he do with the money? Everything he has spent on has become more expensive. He has doubled the rent, doubled mortgage payments, doubled the needed down payment for a home and forced 3,500 homeless encampments. In Halifax alone, one in four kids cannot afford food, and now he is adding $40 billion of new debt and new spending, which is $2,400 of new inflation.

That is why Conservatives will vote against this wasteful inflationary budget, which is like a pyromaniac spraying gas on the inflationary fire that he lit. It is getting too hot and too expensive for Canadians, and that is why we need a carbon tax election to replace him with a common-sense Conservative government.

[Chrystia Freeland, Liberal, University—Rosedale, ON]

Mr. Speaker, I have a point that I think it would be good to get the Leader of the Opposition to offer clarity on.

We presented a clear choice to Canadians. We said to Canadians that we believe we need the power of government to get things built for young Canadians and to get things built for the people of Alberta, who needed the pipeline that we got built. We presented a clear, fiscally responsible way to finance those essential investments: increasing the inclusion rate on capital gains. However, I think that it is high time for the opposition, which poses as being on the side of working people, to clarify its position today.

Will the opposition join us in asking those at the very top to pay a little bit more to support Canadians, or are they going to show their true colours and stand with the 0.1%? That is what Canadians want to know today.

[Jean-Denis Garon, Bloc, Mirabel, QC]

Mr. Speaker, the minister just tabled a centralizing budget with a view to interfering in Quebec's jurisdictions. These are new encroachments on education, municipal zoning and health, new conditions on housing, conditions for child care, and new infringements on property tax.

Does the minister realize that these intrusions that use the federal power to spend, demonstrate that the fiscal imbalance is preventing the National Assembly of Quebec from acting freely in its own areas of jurisdiction?

[Chrystia Freeland, Liberal, University—Rosedale, ON]

Mr. Speaker, I am very pleased that my colleague is raising the issue of child care because I think that this issue is a perfect example of the close co-operation between the federal government and the Government of Quebec. The idea for a child care system was initiated by Quebec, by feminists in Quebec. I want to commend them and thank them for that.

When we took the initiative to create a national child care system, we reached an agreement with Quebec at the same time to help Quebec do more. That is what we will continue to do. Yesterday, I spoke with Minister Eric Girard about some of the budget initiatives. We are working closely with his government and will continue to do so.

[Don Davies, NDP, Vancouver Kingsway, BC]

Mr. Speaker, New Democrats know that Canadians are facing a serious economic and climate crisis. Millions of people are struggling to make ends meet and are worried about the future of their children. That is why we have used our seats in the House to successfully press for meaningful relief and progress in this budget in numerous areas. Those include building more homes; preserving existing affordable housing and protecting renters; delivering universal public pharmacare, starting with contraception and diabetes medications and devices; establishing a national school nutrition program; reversing damaging cuts to indigenous services; and helping workers transition to a sustainable economy.

However, despite record corporate profits across many sectors, from food conglomerates to oil and gas multinationals, there is nothing to ensure the corporate sector pays its fair share so that we can better fund the services Canadians need.

Can the minister explain why she declined to raise corporate tax rates in Canada, despite them being among the lowest in the OECD and despite the U.S. doing so, in the face of record prices and profits? Was the lobbying that effective?

[Chrystia Freeland, Liberal, University—Rosedale, ON]

Mr. Speaker, I want to start by congratulating the member for Vancouver Kingsway on his new role as finance critic. I am going to share with the House that he and I both grew up in Edmonton and first met when I was a teenager and he was working on my mother's election campaign. Life is funny that way. I, therefore, agree with the member for Vancouver Kingsway on so many things and have for so many years. However, I have to say that, on this specific issue, we are going to have to agree to differ.

We believe in a fiscally responsible policy and believe that when we make investments, we need to finance them.

We also believe in fairness and believe that a fair tax system is essential to building a fair country and to delivering fairness, particularly for young Canadians.

It is also really important for us to ensure that Canada continues to be internationally competitive and continues to be an attractive investment destination for foreign and for Canadian investors. It was with that in mind that we were very thoughtful about the revenue-raising methods we chose.

[Jasraj Singh Hallan, Conservative, Calgary Forest Lawn, AB]

Mr. Speaker, common-sense Conservatives told the Liberal-NDP Prime Minister to stop his spending, his deficits, inflation and his tax hikes, but the Prime Minister blew right through that stop sign, dumping $40 billion of fuel on the inflationary fire, which he started.

This photo op budget would do nothing for average Canadians, who cannot afford a home and groceries today. Will the finance minister tell us how much each Canadian household is on the hook for, for the $54 billion just in interest charges on the Prime Minister's debt?

[Chrystia Freeland, Liberal, University—Rosedale, ON]

Mr. Speaker, let me share with the member opposite the good news we got today, which is that inflation for March was 2.9%. For three months in a row, inflation in Canada has been within the Bank of Canada's target range. Thanks to Canadians, that is very good news for our country.

[Pierre Poilievre, Conservative, Leader of the Opposition]

Mr. Speaker, for the ninth time, the Prime Minister promised that if he spent more and taxed more, Canadians would be better off. For the ninth time, we see that quality of life declined, especially for the middle class he is always talking about.

The cost of rent doubled, and then there were big government programs for affordable housing. According to the government itself, one in four children do not have enough to eat, even after programs were created to make food affordable.

Furthermore, the government talks about a state-funded pipeline like it is the biggest accomplishment there could be in a society. If the government had not gotten involved, it never would have happened. This is a project that is 500% more expensive than planned. The money to buy the project went to Texas. This is another example of massive waste.

That is why common-sense Conservatives are going to vote against the budget and in favour of an election that will allow Canadians to choose a party that will axe the tax, build the homes, fix the budget and stop the crime. That is common sense.

Here we have, today, a ninth consecutive deficit, with the budget still not balancing itself. Everything on which the Prime Minister spends gets worse and gets more costly. He is spent and Canadians are broke. The country is broken.

We have a doubling of housing costs. We have 8,000 people joining a Facebook group to study how they can get a meal out of a garbage can after food prices have gone up faster than at any time in a generation because of the carbon tax he is imposing on our food, a carbon tax that, with the help of the NDP, he plans to quadruple to 61¢ a litre.

Today, did he learn anything from these catastrophic failures? No. He doubles down on the same failure, with $40 billion of new deficits and $40 billion of new spending, and that is to say, it is $2,400 for every family in new debt and in new inflationary spending. Now, for the first time in a generation, we are spending more on debt interest than on health care. That is money for bankers and bondholders rather than doctors and nurses.

The great example of how wonderful government can be, given after a tremendous theatrical pause, was the government's purchase of the Trans Mountain pipeline. What would have happened if the government had just gotten out of the way, asked the finance minister.

The answer is that the thing would have been built with private money rather than $30 billion of taxpayer bailouts. In fact, a project the Prime Minister said would cost $5 billion is up to $30 billion. That is 500% over budget. It is $2,000 in costs for every single Canadian family for a project that the private sector was going to be building on its own. The company that was going to build it was bought out, and it took the money to Texas, where it is building Texan pipelines with Canadian dollars. All of our exes are in Texas.

Then, to close it off, we have got some of the most hair-raising, ideological fervour from the minister, who says that what Canadians really need is a stronger government. They have created a stronger government in order to make for weaker and more suffering people. This is not a government that gives people everything they want; it is a government that takes everything they have.

The good news is that we want big Canadian citizens with a smaller and more efficient government, where the state is servant and not master, where our priorities are clear, to axe the tax, build the homes, fix the budget and stop the crime.

As soon as the NDP takes away its support from the Prime Minister, we will have a carbon tax election, where the people will be able to make that decision for themselves, in a country where they can earn powerful paycheques that buy affordable food, gas and homes in safe neighbourhoods, the country that we all knew and that we still love, a country based on the common sense of the common people, united for our common home: their home, my home, our home. Let us bring it home.

I now move:

That the debate be now adjourned.

(Motion agreed to)

[The Speaker, Liberal, Greg Fergus]

Pursuant to Standing Order 83(2), the motion is deemed adopted. Accordingly, the House stands adjourned until tomorrow at 2 p.m., pursuant to Standing Order 24(1).

(The House adjourned at 4:56 p.m.)