Bill C-13 (Historical)

Keeping Canada's Economy and Jobs Growing Act

An Act to implement certain provisions of the 2011 budget as updated on June 6, 2011 and other measures

Part 1 of this enactment implements income tax measures and related measures proposed in the 2011 budget. Most notably, it
(a) introduces the family caregiver tax credit for caregivers of infirm dependent relatives;
(b) introduces the children’s arts tax credit of up to $500 per child of eligible fees associated with children’s artistic, cultural, recreational and developmental activities;
(c) introduces a volunteer firefighters tax credit to allow eligible volunteer firefighters to claim a 15% non-refundable tax credit based on an amount of $3,000;
(d) eliminates the rule that limits the number of claimants for the child tax credit to one per domestic establishment;
(e) removes the $10,000 limit on eligible expenses that can be claimed under the medical expense tax credit in respect of a dependent relative;
(f) increases the advance payment threshold for the Canada child tax benefit to $20 per month and for the GST/HST credit to $50 per quarter;
(g) aligns the notification requirements related to marital status changes for an individual who receives the Canada child tax benefit with the notification requirements for the GST/HST credit;
(h) reduces the minimum course-duration requirements for the tuition, education and textbook tax credits, and for educational assistance payments from registered education savings plans, that apply to students enrolled at foreign universities;
(i) allows the tuition tax credit to be claimed for eligible occupational, trade and professional examination fees;
(j) allows the reallocation of assets in registered education savings plans for siblings without incurring tax penalties;
(k) extends to the end of 2013 the temporary accelerated capital cost allowance treatment for investment in machinery and equipment in the manufacturing and processing sector;
(l) expands eligibility for the accelerated capital cost allowance for clean energy generation and conservation equipment;
(m) extends eligibility for the mineral exploration tax credit by one year to flow-through share agreements entered into before March 31, 2012;
(n) expands the eligibility rules for qualifying environmental trusts;
(o) amends the deduction rates for intangible capital costs in the oil sands sector;
(p) aligns the tax treatment to investments made under the Agri-Québec program with that of investments under AgriInvest;
(q) introduces rules to strengthen the tax regime for charitable donations;
(r) introduces anti-avoidance rules for registered retirement savings plans and registered retirement income funds;
(s) introduces rules to limit tax deferral opportunities for individual pension plans;
(t) introduces rules to limit tax deferral opportunities for corporations with significant interests in partnerships;
(u) extends the tax on split income to capital gains realized by a minor child; and
(v) extends the dividend stop-loss rules to dividends deemed to be received on the redemption of shares held by certain corporations.
Part 1 also implements other selected income tax measures and related measures. Most of these measures were referred to in the 2011 budget as previously announced measures. Most notably, it
(a) accommodates an increase in the annual contribution limit to the Saskatchewan Pension Plan and aligns its tax treatment with that of other tax-assisted retirement vehicles;
(b) clarifies that the “financially dependent” test applies for the purposes of provisions that permit rollovers of the assets of a deceased taxpayer’s registered retirement savings plan or registered retirement income fund to an infirm child or grandchild’s registered disability savings plan;
(c) ensures that the alternative minimum tax does not apply in respect of securities that are subject to the election under section 180.01 of the Income Tax Act;
(d) clarifies the rules applicable to the scholarship exemption for post-secondary scholarships, fellowships and bursaries; and
(e) amends the pension-to-registered retirement savings plan transfer limits in situations where the accrued pension amount was reduced due to the insolvency of the employer and underfunding of the employer’s registered pension plan.
Part 2 amends the Softwood Lumber Products Export Charge Act, 2006 to implement the softwood lumber ruling rendered by the London Court of International Arbitration on January 21, 2011.
Part 3 amends the Customs Tariff in order to simplify it and reduce the customs processing burden for Canadians by consolidating similar tariff items that have the same tariff rates and removing end-use provisions where appropriate. The amendments also simplify the structure of some provisions and remove obsolete provisions.
Part 4 amends the Customs Tariff to introduce new tariff items to facilitate the processing of low value non-commercial imports arriving by post or by courier.
Part 5 amends the Canada Education Savings Act to make the additional amount of a Canada Education Savings grant that is available under subsection 5(4) of that Act available to more than one of the beneficiary’s parents, if they share custody of the beneficiary, they are eligible individuals as defined in section 122.6 of the Income Tax Act and the beneficiary is a qualified dependant of each of them.
Part 6 amends the Children’s Special Allowances Act and a regulation made under that Act respecting payments relating to children under care.
Part 7 amends the Canada Student Financial Assistance Act to provide that the maximum aggregate amount of outstanding student loans is to be determined by regulation, to remove the power of the Minister of Human Resources and Skills Development to deny certificates of eligibility, and to change the limitation period for the Minister to take administrative measures. It also authorizes the Minister to forgive portions of family physicians’, nurses’ and nurse practitioners’ student loans if they begin to work in under-served rural or remote communities.
Part 7 also amends the Canada Student Loans Act to authorize the Minister to forgive portions of family physicians’, nurses’ and nurse practitioners’ guaranteed student loans if they begin to work in under-served rural or remote communities.
Part 8 amends Part IV of the Employment Insurance Act to provide a temporary measure to refund a portion of employer premiums for small business. An employer whose premiums were $10,000 or less in 2010 will be refunded the increase in 2011 premiums over those paid in 2010, to a maximum of $1,000.
Part 9 provides for payments to be made to provinces, territories, municipalities, First Nations and other entities for municipal infrastructure improvements.
Part 10 amends the Canadian Securities Regulation Regime Transition Office Act so that funding for the Canadian Securities Regulation Regime Transition Office may be fixed through an appropriation Act.
Part 11 amends the Wage Earner Protection Program Act to extend in certain circumstances the period during which wages earned by individuals but not paid to them by their employers who are bankrupt or subject to receivership may be the subject of a payment under that Act.
Part 12 amends the Canadian Human Rights Act to repeal certain provisions that provide for mandatory retirement. It also amends the Canada Labour Code to repeal a provision that denies employees the right to severance pay for involuntary termination if they are entitled to a pension. Finally, it amends the Conflict of Interest Act.
Part 13 amends the Judges Act to permit the appointment of two additional judges to the Nunavut Court of Justice.
Part 14 provides for the retroactive coming into force of section 9 of the Nordion and Theratronics Divestiture Authorization Act in order to ensure the validity of pension regulations made under that section.
Part 15 amends the Canada Pension Plan to include amounts received by an employee under an employer-funded disability plan in contributory salary and wages.
Part 16 amends the Jobs and Economic Growth Act to replace the reference to the Treasury Board Secretariat with a reference to the Chief Human Resources Officer in subsections 10(4) and 38.1(1) of the Public Servants Disclosure Protection Act.
Part 17 amends the Department of Veterans Affairs Act to include a definition of dependant and to provide express regulation-making authority for the provision of certain benefits in non-institutional locations.
Part 18 amends the Canada Elections Act to phase out quarterly allowances to registered parties.
Part 19 amends the Special Retirement Arrangements Act to permit the reservation of pension contributions from any benefit that is or becomes payable to a person. It also deems certain provisions of An Act to amend certain Acts in relation to pensions and to enact the Special Retirement Arrangements Act and the Pension Benefits Division Act to have come into force on December 14 or 15, 1994, as the case may be.
Part 20 amends the Motor Vehicle Safety Act to allow residents of Canada to temporarily import a rental vehicle from the United States for up to 30 days, or for any other prescribed period, for non-commercial use. It also authorizes the Governor in Council to make regulations respecting imported rental vehicles, as well as their importation into and removal from Canada, and makes other changes to the Act.
Part 21 amends the Federal-Provincial Fiscal Arrangements Act to clarify the legislative framework pertaining to payments under tax agreements entered into with provinces under Part III.1 of that Act.
Part 22 amends the Department of Human Resources and Skills Development Act to change the residency requirements of certain commissioners.

Bill C-13—Time Allocation Motion

[The Deputy Speaker, NDP, Denise Savoie]

In my opinion the yeas have it.

And five or more members having risen:

Call in the members.

(The House divided on the motion, which was agreed to on the following division:)

Vote #38

Keeping Canada's Economy and Jobs Growing Act

[The Speaker, Conservative, Andrew Scheer]

I declare the motion carried.

I wish to inform the House that because of the debate on the time allocation motion, Government Orders will be extended by 30 minutes.

The House resumed from October 5 consideration of the motion that Bill C-13, An Act to implement certain provisions of the 2011 budget as updated on June 6, 2011 and other measures, be read the second time and referred to a committee.

[The Speaker, Conservative, Andrew Scheer]

The hon. member for Rivière-du-Nord has three minutes left for questions and comments.

The hon. member for Winnipeg Centre.

[Pat Martin, NDP, Winnipeg Centre, MB]

Mr. Speaker, did the member, when elected to the House of Commons, contemplate that there would be an excessive and almost compulsive use of closure to shut down debate on virtually every issue brought forward in the House? The general public expects that all legislation put before the House will be given the due diligence of vigorous debate to test its merits before it is rammed down the throats of Canadians.

[Pierre Dionne Labelle, NDP, Rivière-du-Nord, QC]

Madam Speaker, to answer my colleague's question truthfully, I would say that I did expect that a bit. I know the mentality of the people across the way and their desire to quickly pass a pile of legislation that pushes Canada further and further to the right, toward selfishness and the absence of real social protections. I did indeed expect shortened debates and closure motions and so forth.

Before closing, I would like to point out that Moody's gave Canada a triple-A rating. I know that somewhere, the big bankers are drinking champagne. They are happy to come invest in Canada. I, myself, am giving Canada a triple-E rating when it comes to fighting poverty. Last year, the number of people who turn to food banks rose by 9%. I know that the ladies and gentlemen across the way are not very familiar with food banks. They are closer to the banks than to the people who are suffering.

This statistic tops the list of the greatest indicators of social solidarity. When we see an increase in the number of people using food banks in a country that brags that it is moving ahead, economically speaking, and has come out of the recession, I think there is a disconnect. We are being led by a government that has no concern for the realities of everyday people or for poverty in Canada, and that makes me very sad. In this 176-page budget, there is no measure to correct this situation, and that is shameful.

[Chris Charlton, NDP, Hamilton Mountain, ON]

Madam Speaker, I am delighted to speak to Bill C-13 which the Conservatives have dubbed the “Keeping Canada's Economy and Jobs Growing Act”.

That would be an appropriate title if we had actually been experiencing growth in employment and the economy, but it is impossible to keep something that we never had in the first place. Let us look at the facts.

Canada has a weak job market. The current job market is still weaker than it was before the crisis in October 2008.

There is a continuing recession in the job market, with unemployment far above what it was before the last recession and job creation well below what is needed just to keep employment steady.

Economic growth is stagnant. Economists across the board have slashed their projections for Canada's economic growth. The Conservative budget is based on growth projections which no longer appear viable.

There is ongoing uncertainty regarding Canadians' retirement savings.

Household debt is skyrocketing. Canadian household debt levels have hit all time record levels of 150%.

There is the failure of our primary export markets. The International Monetary Fund projects that Canada's balance of payments deficit as a percentage of GDP is on its way to becoming one of the worst among advanced economies. It is worse than that of the United States and soon to be worse than that of Italy and Spain. The IMF predicts that our current account deficit will reach almost 4% of GDP by 2012.

As well, there is a lack of adequate private investment in Canada.

Urgent action is required on Canadians' top priorities, namely health care, jobs, pensions and helping seniors in need.

Earlier this week the Conservatives voted in favour of the NDP's economic action plan. It is time for them to live up to that commitment by doing more than talking the talk. They need to walk the talk. They need to follow through on their vote by coming forward with a plan for real and decisive action.

As I have been afforded only 10 minutes to participate in today's debate, I will only be able to highlight a few of the areas that are of critical concern to voters in my riding of Hamilton Mountain.

Members who listened to their constituents in last May's election and since cannot ignore the fact that health care continues to be a primary concern for Canadians. They are absolutely right to be concerned.

Five million Canadians do not have a regular family doctor. Of those Canadians who do not have a doctor, 73% are dependent on hospital emergency rooms or walk-in clinics for the front-line medical care their families rely on.

Canada ranks 26th of 30 industrial countries in terms of doctors per capita. In 2008, the Canadian Medical Association found that Canada would need an additional 26,000 doctors to meet the OECD average doctor-to-population ratio.

If no action is taken on training, there will also be a shortage of 60,000 registered nurses just 10 years down the road. In spite of this huge shortage of health professionals, the Conservatives do not plan to hire any new doctors or nurses. Rather, they will only move health professionals from urban to rural areas.

How does that help a city like Hamilton? We are experiencing a profound shortage of health care professionals. Instead of addressing that crisis, the Conservatives are adding insult to injury. They are luring doctors and nurses away from urban centres by offering loan forgiveness only to those who are willing to abandon cities and work in rural areas. That is robbing Peter to pay Paul. Canadians deserve better.

That is not a partisan observation; the Canadian Medical Association agrees. It warned:

If we do not act soon, an aging medical profession combined with an aging population will create a “perfect storm” with respect to our supply of physicians.

It is not only the health care system that is being put at risk by the Conservative government's inaction, Canada's economy is also being battered. The Conservatives simply shrug their shoulders and tell Canadians to take solace in the fact that we are better off than countries like Greece.

That is an insult. It is an insult to the hard-working Canadians who lost their jobs in the last recession through no fault of their own.

It is time to act decisively on job creation so that the middle-class citizens who built our country can finally get back on their feet.

Let me underscore the urgency for such action. The official unemployment figure is close to 1.4 million Canadians. If we include those who are discouraged or underemployed, that number would be closer to two million.

Unemployment is up to 7.3% and the proportion of part-time workers and involuntary part-time workers has risen rapidly. Full-time, permanent, family supporting jobs remain very difficult to find in many areas across the country. The real unemployment rate, counting labour force dropouts and involuntary part-time workers, was 11.1% in July, up from 9.4% in July 2008.

The government's claim to have created 600,000 net new jobs is also a sad distortion of the truth. We have seen the addition of barely 200,000 new jobs since the pre-recessionary employment high point in May 2008. However, the labour force has grown by 450,000 since then. So, those new jobs fall 250,000 short of the number needed just to hold employment steady.

Perhaps the most staggering figure of all is that today's lower employment rate represents lost wages alone of more than $20 million, and that is to say nothing of the economic stimulus and tax revenues that go with them.

In light of these realities, the lack of action on job creation is not just disappointing, it is completely unacceptable.

The Conservatives often liken government to a business. However, there are few businesses that would overlook the opportunities facing the government: plenty of available skilled labour; a desperate need for infrastructure across the country; infrastructure that would pay handsome returns; and capital available at almost record low rates. A good businessperson, in such circumstances, would be investing like crazy. But not the government. It does not know a good deal when it sees one.

Despite Canada's shaky economic recovery, the Conservatives want to cut off all stimulus and cut tens of billions out of our economy. Radical spending cuts, even before the private sector is prepared to start investing again, hurt Canadian families and communities.

It is not just New Democrats who are pointing out the folly of this approach. The government's own finance department recognizes that infrastructure investment has more than five times the economic impact of corporate income tax cuts. It published this fact in the appendix of budget 2009.

The Toronto Board of Trade emphasized that a strong infrastructure foundation is a top priority in ensuring economic competitiveness now and into the future.

Glen Hodgson from the Conference Board of Canada also agrees. He told the finance committee this week that now is not the time for government spending cuts. Instead, he emphasized that the government must be willing to be flexible in its approach. He also emphasized, repeatedly, that tax expenditures, including the Prime Minister's ineffective and costly corporate tax cuts, ought to be included in any review of government spending.

Even the Governor of the Bank of Canada is on record saying that the government can help with strategic investments.

But perhaps Sherry Cooper, the Chief Economist of BMO Nesbitt Burns, said it best. She wrote on Monday:

The misplaced belief that the road to economic prosperity is paved by near-term fiscal tightening, as espoused by our own Prime Minister and British Prime Minister David Cameron last week, shows we have learned nothing from Herbert Hoover’s response to the Great Depression.

Those who do not learn from history are doomed to repeat it.

I cannot sit idly by and let the government continue on with its do nothing approach while people in my community are suffering the consequences. I am proud to fight for the hard-working families and seniors in Hamilton Mountain, and I will not stop until that job is done.

[Paul Calandra, Conservative, Parliamentary Secretary to the Minister of Canadian Heritage]

Madam Speaker, it was a very difficult speech to try to sit through because there were so many things that were actually wrong in that speech.

This is a member of a party that talks about targeting tax cuts, but when we bring them in, its members actually vote against them. They talk about infrastructure, but when we brought infrastructure in, they did not actually like it, so they voted against it. Sometimes they are difficult. They do not want to see deficits, but they want us to spend more money. They are all over the place.

They have absolutely no plan, no understanding of how we can get Canadians back to work. They are upset with the fact that some 600,000 Canadians are working who were not working before. They are upset with the fact that this government has one of the best economic records in the entire world, but what they want to do is continue to talk down the successes of the Canadian economy, the successes of this government.

The reality is that what they are, in essence, is a bunch of ideological lightweights when it comes to the economy who have absolutely no plan, no understanding of what it is that puts Canadians back to work.

I wonder if the hon. member would just simply admit that they absolutely have no plan, no ideas, no understanding how the economy works, and just simply pass this budget because it is the right thing to do for Canadians. It is the right thing to do for the Canadian economy and we cannot delay it any longer.

[Chris Charlton, NDP, Hamilton Mountain, ON]

Madam Speaker, it is highly ironic that the member would call us ideological when his party is the most ideological party we have seen in the House of Commons for decades.

I love the fact that he is espousing the lines that we have heard from the Conservatives since before the last election frankly, about what it takes to keep our economy on track. I wonder if he actually listened to his own Minister of Finance, who just yesterday said that in light of the current economic circumstances, we need to be pragmatic and we need to be flexible. Perhaps the Minister of Finance might want to talk to his colleague and explain to him that economic circumstances really have changed and we are on the cusp of another worldwide economic downturn.

The member went on to suggest that we voted against measures like infrastructure spending. Might I remind the member what happened to that infrastructure spending. Money that was supposed to be spent on border security to the tune of $50 million did not end up anywhere near Canadian borders. It ended up being spent on gazebos and on ice rinks in the riding of the member for Parry Sound—Muskoka. The Auditor General has said there is absolutely no accounting for that money.

Yes, we vote against unaccountable, irresponsible infrastructure spending, but I will stand up for infrastructure spending that supports jobs in my community.

[Kevin Lamoureux, Liberal, Winnipeg North, MB]

Madam Speaker, the member made reference to issues that have come out of her constituency. I want to reflect on one of the issues that came out in my constituency and that is the plight of our seniors.

There are far too many seniors in Canada, specifically in my riding of Winnipeg North, who are having a difficult time making ends meet and it is because of the whole issue of pension deficiencies and the need to increase pensions. I have been advocating for this since day one when I was first elected back in late November. I really feel that the budget has fallen short in terms of meeting the needs of our seniors.

I look to my colleague to provide comment as to how she believes the budget has fallen short on that particular issue.

[Chris Charlton, NDP, Hamilton Mountain, ON]

Madam Speaker, I wonder whether the member for Winnipeg North would do me the honour of passing on my congratulations to the former member for Elmwood--Transcona for winning a provincial seat in his province.

With respect to seniors issues, the member has raised a really important point. Seniors' retirement savings have plummetted as a result of the decline in the markets. That is why New Democrats have consistently asked that we raise the GIS, so that every senior would be lifted out of poverty. That would cost $2 billion, $2 billion that the government had but squandered on continuing tax breaks to the oil and gas industry and on corporate tax cuts.

As well, we have consistently called for the doubling of the CPP because the member is quite right, employment pension plans are increasingly vulnerable and we are certainly seeing that in communities across the country.

I am really delighted that the Liberal Party now appears to be on board with the suggestions that we have made consistently for years now. I welcome his contribution to that debate when we bring these matters forth in the House of Commons.

[Mike Wallace, Conservative, Burlington, ON]

Madam Speaker, it is my pleasure today to share my time with the member for Winnipeg South Centre and to talk about Bill C-13, keeping Canada's economy and jobs growing act.

For those who are new in the House, how this actually works is, every year we put a budget forward in the spring. There is a motion on the budget and it passes through the House as a budget in principle. For it to become law and be implemented, which is partly what we are debating today, there have to be implementation bills. That is what Bill C-13 is. However, the budget is so big that, since I have been here, for five years, it is split into two pieces. One we already passed in the spring. The first phase of the implementation bill has actually gone through the House. There is a ways and means motion that goes with that. For people who do not know what that is, it gives the authority to tax, or change the tax system, and that bill needs to happen.

There is a process. We are in the last part of the process that deals with the budget that we presented. It was turned down by both the NDP and the Liberal Party, as they were in the opposition benches before the election in May. We were progressing. We were doing things for Canadians. The opposition decided that it was time for an election. We had an election and the public, the voters of this country, decided it was time to get some things done. That is why we got elected as a majority government, so we could move our budget processes through, the things we are doing for Canadians and the things we are doing for communities. That is why we are here today talking about the second portion of that budget bill.

The implementation bill is actually broken into five parts. There is a section to promote job creation and economic growth, support for communities, help for families, investment in education and training, and respect for taxpayers. I am going to highlight a few things in each piece that is in the bill.

It is a big bill, as my colleague from the Liberal side said because there are important issues that we are dealing with to make sure that we have the economic growth and the job growth, and stability that the country is asking for. That is what Canadians elected us to do, and we are implementing it as of today.

To give some examples of what is in the promote job creation and economic growth piece, we will hear quite a bit today and have heard over the past number of days about the hiring credit we are giving to small businesses, $1,000 to encourage them to hire new employees. This will create jobs and ensure that we have economic growth in every community across the country.

We are doing other things. I know, as a member of the finance committee for the last five years, that the accelerated capital cost allowance was a big item for our manufacturers. They wanted to see that tool that they could use to invest in their companies and in machinery, so they can grow and supply new customers in order to have the economic growth. In this implementation bill, which we are discussing today, it has the accelerated capital cost allowance treatment for manufacturer investment increased and added to.

There are a couple of things that I wanted to talk about under job creation and economic growth, but there is another area I want to talk about. As a member of city council for 13 years for the City of Burlington, in the region of Halton, rarely did we ever get any support, either from the province or the federal government. In the implementation bill we are making the $2 billion gas tax fund a permanent fund for municipalities to rely on for their future infrastructure planning. When opposition members vote against that, they are voting against assistance to municipalities. That is what is actually happening.

We have the volunteer firefighters tax credit for volunteer firefighters. In Burlington we have a composite firefighting force, which means we have both professional, or permanent, firefighters and we have a volunteer base. We have a mix, so it is important for us. I heard from my fire chief. I went through an exercise with the firefighting team last Friday, actually. They put me through some training paces and we heard directly from the chief that they are having difficulty attracting and maintaining volunteers, because we all have busy lives. It is an important, key job, particularly in the rural area of Burlington. This tax credit will help them recruit and maintain volunteer firefighters. That is some of the support for our communities that is in the bill.

We are helping families in a number of ways. There is a new tax credit for family caregivers who give assistance at home to family members who are infirm.

There is one point I would like to make and it is very important to me. I used to be an employee of Easter Seals. My wife is an employee of Easter Seals. We help raise money and awareness for disabled kids across the province of Ontario.

Members may not know, but there was a limit of $10,000 of eligible expenses that caregivers could claim through their medical expense tax credit. Through Bill C-13, which we support and which the voters sent us back here to complete, would remove that $10,000 limit so families could use the tax credit for all the expenses they incurred for helping those who need that medical expense, whether a child, a mother, a father, a brother or whoever.

I want to remind members opposite that when they vote against the bill, they will vote against that change.

We are also adding a tax credit for children studying the arts. To be frank, my two daughters have been very active in sports, but not the arts. However, as a city councillor, and now as a member of Parliament, I am proud that we have just opened a new performing arts centre in the city of Burlington, which I have worked on since 1999.

I see the value in having children, families and grandparents involved in the arts. This children's tax credit would ensure there would be a level playing field for not only families with children who are active in athletics, but also in the arts. The arts are very important to us. That is why we encourage young people to be involved through this tax credit.

We are investing in education and training. We have a number of improvements to the financial assistance we are providing students. We are making it easier to allocate registered education savings plans to siblings without incurring any penalties. However, a key part to this, which does not affect my riding as much as others, is that we would forgive the loans for doctors and nurses who serve in rural and remote areas.

That is very important to me. I grew up in a little town called Port Elgin on Lake Huron, a rural of Ontario. It is a very lovely area, but it is very difficult to find a doctor. An individual would have to travel for hospital and medical services, as they would do in many parts of the country.

The forgiving of loans would assist communities to attract young medical professionals to their areas to provide the services to those individuals who need them.

In terms of the five items, the final thing I would like to speak to is the respect for taxpayer dollars. The key piece in this one is that we are ending the direct subsidy for political parties. Frankly, it affects the Conservative Party. The way it worked was the more votes we got, the more money we got from the taxpayer. It was a direct subsidy from the taxpayer, whether they voted for us or not.

We are removing that. It would be up to parties to talk to their supporters and get their direct support financially, instead of being like some parties in the House that almost exclusively rely on the taxpayer subsidy to fund their elections and their operations. We do not think that is fair and we do not think it is a good use of taxpayer money.

Our government's top priority remains completing the economic recovery. Canadians gave the Conservative government a strong mandate to stay focused on what matters, and that is creating jobs and economic growth. I will leave it at that, and I am happy to answer any questions anyone may have.

[Denis Blanchette, NDP, Louis-Hébert, QC]

Madam Speaker, I thank my colleague for his speech.

Recently, the chairman of the Fed said that government budgets have to be managed prudently, in light of recent events on the economic stage.

I would like to know what my colleague thinks of the current signals. What should be changed or adapted in the budget that was prepared in the spring to take into account today's economic signals?

[Mike Wallace, Conservative, Burlington, ON]

Madam Speaker, we set out in a plan what we would do during Canada's economic situation. We have committed something to taxpayers and we will deliver. That is what the bill would do. It would put in place the last part of our economic action plan, which includes funding for job growth and infrastructure. All the pieces are in it. We are doing what we need to do.

That does not mean we spend wildly. The previous NDP speaker did not indicate how many billions of dollars New Democrats wanted to add to the debt or the deficit. They just wanted to add money. We had a plan that we set out in the spring, the opposition voted it down so we went to an election. We won the election and we will now implement that plan.