Mr. Speaker, today I rise in the House to speak to Bill C-29.
My constituents have identified three priorities in our riding. They have serious concerns around the needs of seniors, about housing that is affordable, and addressing the serious issue of climate change. This work has influenced my actions heavily. I am holding seniors' town halls that will be wrapping up in January, and in a riding of my size, I will be hosting a total of 11.
The need for affordable housing has been framed in my private member's bill, Bill C-325, on the right for housing for Canadians. This summer, we will begin the work we have to do with our constituents around the important issue of climate change.
Beyond these three priorities, my staff and I work hard on many challenges constituents face. They include small business needs, transportation issues around our ocean, issues with trade, and much much more.
My constituents sent me here to have a strong voice for them in this place. This is why I was very disappointed yesterday when the government reduced the time we could speak on this important bill. Bill C-29 includes 146 clauses that would amend 13 pieces of legislation. It was introduced in the House of Commons and this past Friday, three days later, debate began. With the time allocation now, there is very little time for parliamentarians to debate its content.
Time allocation provides the government with a mechanism for setting out the amount of debate a bill will receive at any given stage. When the notice is given, a short debate is had, a vote is called for, and if the motion is approved, as it was by this government, a limit for debate is established.
I take the duties of my job very seriously. Part of those duties are standing in the House debating on the bills before this place. During the last Parliament, the New Democrats decried the Conservatives' routine habit of this procedure. A year into the Liberal mandate, and the Liberals have not copied this practice; they have outright championed it.
I would like to remind members on the governing side that Canadians expect to know how they spend their money. Bill C-29 is a budgetary instrument, a bill that has specific changes to the Bank Act, to small businesses, the Canada child benefit, and the Employment Insurance Act. It must be taken seriously.
Specifically, the NDP is concerned by the fact that many relatively technical legislative changes, 239 pages amending over a dozen acts, are included in a single bill, while we have not had the time needed to debate them sufficiently.
In my riding, families are struggling daily. They have to make decisions if they can send their children to swimming with their classes because they cannot afford the $2 fee the school is requesting. Families are also facing serious challenges around finding day care. Day care spaces are limited, and the cost is often just too much. The child benefit was a step in the right direction, but the amount did not create child care spaces, nor make it affordable for families. Now we see that the Canada child benefit will be indexed in 2020, as the Liberals have proposed, rather than listening to the so-called inadmissible amendment made in the committee to see it indexed to inflation each year starting January 1, 2017. This means that each year the benefit will be worth less to Canadian families.
I have veterans who are standing outside of local businesses in my riding fundraising for their medication and seniors who are making choices among medication, food, or paying for their heat. Where is there anything in the budget that will help these folks to afford their medication?
Small business owners are looking for ways to build their businesses because they see opportunities. However, without the promised tax break, they are finding it hard to invest in the important infrastructure or human capital they need. Small businesses have grown in my riding and have provided jobs when our larger resource based jobs were lost. The government saying that businesses want money in people's pockets to spend in those businesses is only one part of the equation. The promised tax cut would have meant an equitable support to businesses across the country. Each area faces multiple challenges, and this tax break would have really made an impact in my riding.
The Liberals have rejected our proposals to cap transaction fees for credit cards and are doing nothing to facilitate the transfer of family businesses within the immediate family. Small businesses could not be clearer. As the job creators of our country, a cap on transaction fees for credit cards would make a real difference. Why is the government prioritizing credit card companies over small and medium-sized businesses in Canada?
In my riding of North Island—Powell River, it is the small and medium-sized businesses that are participating in the chambers of commerce, giving back to the communities at events, and employing people. It is time to give them the support they need, because they benefit us all so very much.
This budget also shows a worrisome trend with the government, a hands-off approach that signals an increase in upcoming privatization schemes. This comes to us as a bit of a surprise because budget 2016 did not include any details of a privatized Canadian infrastructure bank. It did have the term “asset recycling”, about which we asked numerous questions. We know that “asset recycling” is a financial term that involves the sale of an asset and the use of proceeds of the sale to invest in another asset. For the government, it means selling public infrastructure or privatizing it to raise money that will be used to fund other infrastructure.
On October 20, we learned that Liberals gave Credit Suisse, an investment firm specializing in privatization, the mandate to advise the Liberals on the benefits of privatizing Canadian airports. It seems like a foregone conclusion that the recommendation will be privatization.
Other pension fund experts are salivating at the prospect and do not even hide that it is about private ownership or private management of public assets. As Claude Lamoureux, former CEO of Ontario Teachers' Pension Plan, said on May 25, “For government, it is a way of offloading, of giving that to someone else. And in my opinion, this someone else might be more efficient than government”.
The road map is pretty clear: sell airports and possibly other infrastructure to raise some or all of the $40 billion to be invested in the Canadian infrastructure bank. The Liberals hope that these public funds will attract $160 billion in private capital. Regardless of the way the bank will work, it is clear that private investors and pension funds will be asking for a return on investment, which makes sense. That is what they do. The only way to do this is to create a revenue stream, and that means imposing tolls and user fees at a rate of between 7% to 9%.
What will this mean for communities across Canada? I represent many small and rural communities. The need for infrastructure is profound and often they are left behind. This scheme would not benefit the people of these small communities. How long will they have to pay tolls or user fees to get a benefit of 7% to 9% return on investment? This scheme is so speculative that even president-elect Donald Trump thinks it is a great idea.
Since we are on the topic of implementing certain provisions of the budget, can the government finally admit which ports, airports, and bridges will be privatized? What will be tolled and which user fees can Canadians expect? These are simple questions. My constituents, who work so hard, are left wondering when these costs will appear. I am particularly concerned with what this would mean for smaller communities that will not be able to generate the kind of user-fee revenue streams that would be attractive to investors of this bank. Why is the government taking away allocated funds for infrastructure for a new scheme that simply will not help communities in my riding?
During this time of year, many organizations, service groups, and people are working to ensure the holidays will be good ones for those struggling to make ends meet. I remember being in Port Hardy and one member of the community showing me the food bank. He said that 20 years ago they did not have them, that there were enough jobs, but now they had been forgotten and they fundraised to feed themselves. This budget could do so much more.
I want to thank all of the people, organizations, and service groups that are actively working to feed those across the riding who are hungry, whether it be the Eagles Ladies Auxiliary that has been fundraising for weeks now, selling food to raise money to feed those who desperately need it; the Angel tree, where people buy a gift for a child who would go without if not for the generosity of the communities I serve; the Community Resource Centre in Powell River; the Salvation Army; the Good Food Box; all the food banks across the riding; Grassroots Kind Hearts; and the Beacon Club, just to mention a few. Poverty is real in our communities and I thank all of those who work everyday on the ground to fight it.
