Economic Statement Implementation Act, 2020

An Act to implement certain provisions of the economic statement tabled in Parliament on November 30, 2020 and other measures

This bill was last introduced in the 43rd Parliament, 2nd Session, which ended in August 2021.

Sponsor

Status

This bill has received Royal Assent and is now law.

Summary

This is from the published bill. The Library of Parliament often publishes better independent summaries.

Part 1 amends the Income Tax Act to provide additional support to families with young children as the coronavirus disease 2019 (COVID-19) pandemic progresses. It also amends the Children’s Special Allowances Act to provide a similar benefit in respect of young children under that Act. As part of the Government’s response to COVID-19, it amends the Income Tax Act to provide that an expense can qualify as a qualifying rent expense for the purposes of the Canada Emergency Rent Subsidy (CERS) when it becomes due rather than when it is paid, provided certain conditions are met.
Part 2 amends the Canada Student Loans Act to provide that, during the period that begins on April 1, 2021 and ends on March 31, 2022, no interest is payable by a borrower on a guaranteed student loan and no amount on account of interest is required to be paid by the borrower.
Part 3 amends the Canada Student Financial Assistance Act to provide that, during the period that begins on April 1, 2021 and ends on March 31, 2022, no interest is payable by a borrower on a student loan and no amount on account of interest is required to be paid by the borrower.
Part 4 amends the Apprentice Loans Act to provide that, during the period that begins on April 1, 2021 and ends on March 31, 2022, no interest is payable by a borrower on an apprentice loan and no amount on account of interest is required to be paid by a borrower.
Part 5 amends the Food and Drugs Act to authorize the Governor in Council to make regulations
(a) requiring persons to provide information to the Minister of Health; and
(b) preventing shortages of therapeutic products in Canada or alleviating those shortages or their effects, in order to protect human health.
It also amends that Act to provide that any prescribed provisions of regulations made under that Act apply to food, drugs, cosmetics and devices intended for export that would otherwise be exempt from the application of that Act.
Part 6 authorizes payments to be made out of the Consolidated Revenue Fund
(a) to the Government of Canada’s regional development agencies for the Regional Relief and Recovery Fund;
(b) in respect of specified initiatives related to health; and
(c) for the purpose of making income support payments under section 4 of the Canada Emergency Response Benefit Act.
Part 7 amends the Borrowing Authority Act to, among other things, increase the maximum amount of certain borrowings and include certain borrowings that were previously excluded in the calculation of that amount. It also makes a related amendment to the Financial Administration Act.

Elsewhere

All sorts of information on this bill is available at LEGISinfo, an excellent resource from the Library of Parliament. You can also read the full text of the bill.

Votes

April 15, 2021 Passed 3rd reading and adoption of Bill C-14, An Act to implement certain provisions of the economic statement tabled in Parliament on November 30, 2020 and other measures
March 8, 2021 Passed 2nd reading of Bill C-14, An Act to implement certain provisions of the economic statement tabled in Parliament on November 30, 2020 and other measures

Economic Statement Implementation Act, 2020Government Orders

January 25th, 2021 / 6:30 p.m.
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NDP

The Assistant Deputy Speaker NDP Carol Hughes

The hon. member will have five minutes and 37 seconds the next time this matter is before the House.

[For continuation of proceedings, see part B]

The House resumed from January 25 consideration of the motion that Bill C-14, An Act to implement certain provisions of the economic statement tabled in Parliament on November 30, 2020 and other measures, be read the second time and referred to a committee.

Economic Statement Implementation Act, 2020Government Orders

January 26th, 2021 / 10:10 a.m.
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Conservative

Philip Lawrence Conservative Northumberland—Peterborough South, ON

Mr. Speaker, I will be splitting my time with Canada's favourite grandfather: the member for Cariboo—Prince George. I would remind him of the Speaker's stern warnings not to show any pictures or props of grandchildren. That would be completely inappropriate.

It is my honour to rise again virtually to speak to Bill C-14. The Liberal government's failure to protect Canadians and the Canadian economy, by approving and acquiring rapid tests and by securing vaccine doses on time, has put us at risk. Of course, the impact on the health of Canadians is the most significant impact, but the issues for the Canadian economy are very serious. Our unemployment rate is among the worst in the G7. Our GDP is continuing to lag behind most other industrialized economies'.

If Canadians can return safely to work, they will. They will re-energize our economy and bring energy and jobs flooding back to our economy, but the question is whether there will be jobs for them to return to by the time the vaccine rollout is completed, without a plan for the economy. A plan is more than just a willingness, a desire or dream to spend $100 billion. It is an actual plan. Without that plan, the answer to that question may be no, which would be tragic.

The fiscal update did not provide any concrete answers on how we can recover from the millions of jobs we lost in the pandemic or how we can emerge as one of the world's economic leaders as we did so famously after the great recession. We led the global economy out of that most terrible recession. We need a plan that builds on Canada's proven areas of economic strength, such as energy, manufacturing and information technology. Now is not the time for grand experiments or radical transformations. We need to rely on the reliable, relentless power of our workers, business owners and free-market enterprise.

The fiscal update and Bill C-14 do nothing to put in the conditions required to empower our workers and job creators to bring prosperity back to our wonderful land. While the fiscal update has little direction, it does have a lot of spending. What the Liberal government is ostensibly asking for is a $500 billion blank cheque. That is a tremendous amount of money. What has the Liberal government done to deserve a rise in the debt threshold to $1.8 trillion? I will repeat that: $1.8 trillion.

During the pandemic, Liberals have spent the most and gotten the least. We are outpacing all of our G7 counterparts with respect to deficit spending; however, our GDP growth and unemployment rates are among the worst in our peer group. What have the Liberals done to develop and build this trust, to raise the debt ceiling to $1.8 trillion? We have seen repeated violations of Canadians' trust. From the WE scandal to the SNC-Lavalin affair, we have seen breach after breach of Canadians' trust.

In fact, unbelievably, at the beginning of the pandemic the Liberals exploited the crisis to attempt to obtain an unlimited and unfettered ability to tax and spend. What is more, the finance minister, who said she does not believe in projections, says she will not limit the Liberal government's spending with a fiscal anchor. The fiscal anchor is of course meant to protect the government's finances and protect future generations from an excessive burden of debt.

The finance minister does say she is putting up guardrails. With respect, Canada's national debt is now over $1 trillion. Our deficit in 2019-20 is going to be over $400 billion. We do not need guardrails. The car is already in the ditch. We need a plan to get out of the ditch. The audacity of asking for $500 billion of additional borrowing authority, given the government's pathetic record of reckless spending and financial mismanagement, is nothing short of shocking.

Before Canadians can be asked to assume more debt, the government must create a credible economic recovery plan: a path back to fiscal sustainability. To give the government a $500 billion blank cheque would not just be reckless. It would be negligent. Our Conservative Party believes that Canadians, including those not yet born, deserve the opportunity to be prosperous. The government is putting this aspiration at risk.

We need to see legislation from the government that offers stability, confidence and compassion. Unfortunately, Bill C-14 offers a lot of spending and a lot of debt, without building the framework for security and prosperity.

Economic Statement Implementation Act, 2020Government Orders

January 26th, 2021 / 10:15 a.m.
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Winnipeg North Manitoba

Liberal

Kevin Lamoureux LiberalParliamentary Secretary to the President of the Queen’s Privy Council for Canada and to the Leader of the Government in the House of Commons

Madam Speaker, my colleague and friend makes reference extensively to the issue of the deficit and the amount of money the government has borrowed. The Government of Canada has recognized the importance of that by investing in Canadians through programs such as the wage loss subsidy for small businesses and, for eight million to nine million Canadians, the CERB program. All are meant to be there to support Canadians through this pandemic.

Is my friend and colleague trying to suggest that the federal government should not have been supporting Canadians through this pandemic? Following that, would he recognize that the Conservative Party did not do a good job of managing debt while it was in government? Why should we take advice from the Conservatives on deficits?

Economic Statement Implementation Act, 2020Government Orders

January 26th, 2021 / 10:15 a.m.
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Conservative

Philip Lawrence Conservative Northumberland—Peterborough South, ON

Madam Speaker, Conservatives have been clear that we have supported programs like the wage subsidy and CERB. In fact, if the hon. member checks the voting records he will see that.

The reality is that the Liberal government has bungled some of these plans, such as the wage subsidy. Because the Liberals bungled them and miscommunicated them, they were slow out of the gate, such as with the rent subsidy which, eight months later, the government had to redo. Canadians have felt the brunt of this, and our economics are lagging because of that. Small businesses are lost that will never come back. Employment is lost.

With respect to the great recession, we led the global community out of it, leading in growth rates, GDP and unemployment numbers. We led back to a balanced budget. Five years after the great recession, we had a balanced budget. I doubt that, under the current Liberal government, we will be anywhere near a balanced budget. In fact, the Liberals' own forecasts say so.

Economic Statement Implementation Act, 2020Government Orders

January 26th, 2021 / 10:15 a.m.
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NDP

Gord Johns NDP Courtenay—Alberni, BC

Madam Speaker, I was talking to Jackie Ryan, who owns Jacqueline's Aesthetics in Port Alberni. She is a constituent of mine. She is self-employed, and her home-based business has struggled immensely since the beginning of the pandemic. First she closed her doors to protect public health. Now she is down 50% because people are afraid to get out into the community.

Jackie, like many other Canadians, turned to CERB to help pay back the bills and support her family. She would not have been able to buy food or support her children and deal with her prescription medications. Now the Liberals are telling Jackie she needs to pay back the CERB, which she cannot do. She, like many others, is angry. She is disappointed. She is scared. She does not know how she is going to survive the next few months without support from the government, never mind pay this back.

Does my colleague agree? Does he have constituents who are honest business owners who maybe had a tax-filing year where they showed a loss and a carry-forward, and then were caught in this quagmire, where the Liberals say that they have their backs and they do not? Many women, as we know, have been disproportionately affected by the COVID crisis. This is impacting people like Jackie.

Does my colleague agree that the government should back off and not be asking people like Jackie to pay back the government for supports it promised them?

Economic Statement Implementation Act, 2020Government Orders

January 26th, 2021 / 10:20 a.m.
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Conservative

Philip Lawrence Conservative Northumberland—Peterborough South, ON

Madam Speaker, I would like to thank the member for his great question and his long history of intervening on behalf of small business owners. I am sure the small business owners in my community also appreciate his great work and interventions.

The miscommunication that occurred with respect to gross versus net income is nothing short of extremely disappointing. I too have constituents in my riding who are facing audits and other actions from the CRA right now that relate back to poor communication by the government.

In fact, right now, I have constituents who were collecting the CERB and the government has audited them. Instead of saying, “You provide the proof and we will continue to pay”, the government is actually cutting off the payments before people continue to receive the CERB. These people are just like Jackie. I have thousands of Jackies in my riding who were struggling to get by but are having their benefits cut off because the government lacks compassion.

Economic Statement Implementation Act, 2020Government Orders

January 26th, 2021 / 10:20 a.m.
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NDP

The Assistant Deputy Speaker NDP Carol Hughes

Before we go to resuming debate, I notice that there seem to be some technical issues where we have dropped the audio a couple of times on the two previous speakers. I would ask the interpreters, if they are losing the ability to understand what has been said, to let me know somehow and we will have the presenter repeat.

Resuming debate, the hon. member for Cariboo—Prince George.

Economic Statement Implementation Act, 2020Government Orders

January 26th, 2021 / 10:20 a.m.
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Conservative

Todd Doherty Conservative Cariboo—Prince George, BC

Madam Speaker, we are speaking on Bill C-14, and I want to thank my hon. colleague from Northumberland—Peterborough South. He reminded me of my beautiful granddaughter, and I know I am not allowed to show those photos, so I will not do that again, but if any of my colleagues want to see them, I can do that. We are here to actually speak on serious terms, but I have to say that in troubling times and challenging times, my granddaughter and my family, and all our families, bring us back and remind us what is truly important.

I want to remind Canadians that it has been almost two years since we have had a federal budget. Unbelievably, and through good faith, our Liberal colleagues in the government have had an unprecedented amount of autonomy with their spending, based on goodwill and good faith collaboration from the opposition. When Canadians needed help the most, the opposition and all parties came together and dropped partisan politics, and we worked together in a team Canada approach. Sadly, we have seen that the Liberals have failed Canadians once again. They blew it, and today they are asking for another $500 billion. They want us to just trust them. They know what is best for Canadians.

It is disappointing. Our colleague from Courtenay—Alberni mentioned Jackie, his constituent, and her small home-based business that is struggling. As our colleague from Northumberland—Peterborough South mentioned, there are thousands of Jackies right across our country who are failing, whose businesses have been shuttered and have closed their doors. They are facing financial hardship. A Liberal talking point is that they are investing in Canadians. Today, I am going to highlight some of the businesses in my riding that the Liberals have absolutely failed. While I will mention only a few, due to the time that I have to highlight them, I can tell members there are literally thousands of businesses right across our country that have fallen through the cracks and been left behind due to the Liberals' lack of a plan to get relief to those Canadians who need it the most.

Roy Call is a constituent of mine I have known since I was in high school. Roy's family operates C+ Rodeos in my riding. It is among the top 10 rodeo stock providers in our country. The family has worked and built this operation for over 35 years. Three generations of the family work their ranch. Their stock has been bred for over 35 years and sadly, they have fallen through the cracks. They are among those tourism or events-based businesses that have absolutely fallen through provincial relief programs and federal programs. Repeatedly, we have brought the situations of C+ Rodeos and others to the government and the ministers, trying to work collaboratively with them on that team Canada approach that they so desperately want to foist back on the opposition, saying we should work together.

Sadly, today if Roy and his family do not receive any help, they have to downsize. In a rodeo performance-based business, what does downsizing mean? It means euthanizing perfectly good, healthy rodeo stock animals. I do not think anybody wants to see us get to that point. That is where we are, with business people having to make those hard decisions.

I also want to talk about Central Display, an events-based business, and Jack and Sheldon. They go from community to community and help put on those events that are such economic drivers that our small communities depend on, such as conferences and other events. They provide the resources and services for those events to be put on. When they go into these communities, they temporarily hire local staff. They teach them a skill and hire them to actually provide the services in those communities. They work with dry grad groups and support special groups, like the women's hockey team in Smithers, British Columbia. However, in 2020, they lost in excess of $650,000 and are projected to lose up to $1 million in just the first six months of 2021.

These are real numbers. The government is asking for more money and it says it wants to invest in Canadians, but that money is not getting to where it is needed the most.

Yesterday, I had the opportunity to speak with a lady who was celebrating her 100th birthday, Margaret Sweder. I phoned her to congratulate her on her 100th birthday, and she told me that she was just missing the simple things, like a hug. She is a sweet lady and very sharp. She said that it was the first time she had a call from Ottawa that she actually wanted to take. She thought it was the tax man who was calling. I gave her a virtual hug and made a date with her for tea when the “COVID thing”, as she called it, ceases to exist.

These are the real stories that I am not sure those across the way get. I could go on about the failed vaccine promises that the Liberals have mentioned. Yet again, we know they have let Canadians down.

Unbelievably, throughout this pandemic the Liberals have taken the opportunity for pet projects. Unbelievably as well, what they want to do is shutter airport towers just when we need them the most. In our critical time for recovery, they want to shutter airport towers in places like Prince George, my riding, where we have the third-longest runway in Canada. We are part of the northern corridor project and part of the Asia-Pacific gateway. They want to take a key economic driver in our region and shutter the doors. How blind are they?

The government comes to us, the opposition, to say “Just work with us.” Trust is not just given; it is earned. Respect is not just given; it is earned. Time and time again what we see is that they just do not get it. We see a lot of sabre-rattling where the Prime Minister threatens the opposition with going to an election and talks about a confidence vote. Let me be very clear: The only person who wants an election right now and wants to send Canadians to the polls is the Prime Minister. The rest of us are concerned about our constituents, about the fact that it is unsafe and we are seeing increased closures and quarantine measures.

This brings me to a very important point, and I want to thank my colleague from Carleton for bringing this up yesterday. He pointed out that there is a very human toll to what is going on here. He said, “The University of Calgary published a study recently showing that there is a two percentage point increase in suicides for every one percentage point increase in unemployment. Imagine the human cost of 7% unemployment.” We also know that substance and alcohol abuse grows with unemployment. Increased isolation and anxiety have led to increased suicide and domestic violence crises.

We have to do more. Sadly, what we have seen is that the Liberals have left Canadians behind. They have blown it.

Economic Statement Implementation Act, 2020Government Orders

January 26th, 2021 / 10:30 a.m.
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Liberal

Mark Gerretsen Liberal Kingston and the Islands, ON

Madam Speaker, I am glad to see that my colleague had an opportunity to share his picture of his grandchild, and I want to say congratulations to him on that recent addition to his family.

I did take issue with what he said, when he said that the only person who wants to go to the polls is the Prime Minister and that the rest of us are concerned about our citizens. I think that this government, through the collaboration with all members of this House, has demonstrated that all members of this House are extremely concerned about Canadians and their well-being during this pandemic, but indeed coming out on the other end of it.

My question is very simple. My colleague talked about businesses in his riding that are suffering. I think it is fair to say that we all have businesses in our ridings that are suffering, but that is exactly why we are investing in Canadians now. Previous Conservative colleagues have gone on about the amount of debt that we have had to take on as a result of supporting businesses. Does he not agree that the investments that were made to support businesses were important to get us through this? If he does not, and if his concern is that we are spending money in the wrong places, can he suggest where he would have not spent money in order to help businesses in his riding and his constituents?

Economic Statement Implementation Act, 2020Government Orders

January 26th, 2021 / 10:30 a.m.
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Conservative

Todd Doherty Conservative Cariboo—Prince George, BC

Madam Speaker, I am glad that my hon. colleague mentioned something about the last year being a little bit tumultuous and that it is an anniversary. I will also let Canadians in the House know that today marks another anniversary. Today marks the very first time I stood in this House to raise the increasing concerns of COVID coming into our country. I suggested that we perhaps look for a plan like shutting our borders to make sure that we do everything in our power to stop COVID from coming in. We were pressing the government for what its plan was.

To this day, we are still pressing it for what its plan is. What we have seen is that the money we all worked together to provide to Canadians, that we gave autonomy to the government to develop a plan to get to Canadians, has failed.

The Liberals want to say, time and again, “Well, you voted for it.” Yes, we voted for it, but the responsibility to deliver to Canadians lies right squarely on that front bench. I gave only a few prime examples of the thousands that we have of Canadians who have fallen through the cracks.

Economic Statement Implementation Act, 2020Government Orders

January 26th, 2021 / 10:35 a.m.
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Bloc

Martin Champoux Bloc Drummond, QC

Madam Speaker, I want to congratulate my colleague on his speech and let him know that I would be happy to see the photos of his granddaughter anytime. We need these kinds of positive things in our lives, especially these days.

In his speech, he talked about Liberal management in general. We were just talking about borders a few minutes ago. I would like to hear my hon. colleague's opinion on the Liberal government's desire to encroach on provincial and Quebec jurisdictions, especially in health care.

When we look at border management, as well as how the vaccines are being managed, we have every reason to wonder about the federal government's qualifications when it comes to managing health and the national standards it wants to impose on the provinces regarding long-term care facilities. I would like to hear my colleague's opinion on that.

Does the federal government not have a duty to fund the Quebec and provincial health care systems?

Does the member think the feds should be interfering in those jurisdictions and imposing standards on the provinces?

Economic Statement Implementation Act, 2020Government Orders

January 26th, 2021 / 10:35 a.m.
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Conservative

Todd Doherty Conservative Cariboo—Prince George, BC

Madam Speaker, in a time of a global pandemic and a global emergency, it behooves all of us to put away our personal agendas, our provincial agendas and our national agendas, and work together on a team Canada approach.

There has to be leadership seen from the top, but what we have seen is no plan from the Liberal government: no plan to help the provinces, no plan to assist in getting those vaccines to the people who need them the most, the people in our long-term care facilities, which are facing unprecedented amounts of concern over COVID deaths. We have not learned in the last year. Sadly, we still face the same issues that we faced a year ago. We know more than we did over a year ago, but the Liberals have not been able to develop a plan and they have failed Canadians, writ large.

Economic Statement Implementation Act, 2020Government Orders

January 26th, 2021 / 10:35 a.m.
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Liberal

Kody Blois Liberal Kings—Hants, NS

Madam Speaker, I will be splitting my time with my hon. colleague from Brampton East this morning.

It is great to see the Speaker and all of our colleagues, despite this being in a virtual setting. It is the world we are living in right now.

Today I have the privilege of speaking to Bill C-14. For those sitting at home, this means the implementation of commitments that were made by our government in the fall economic statement. What I hope to do with my time here today is talk about those commitments and how they relate to what I have heard in my constituency of Kings—Hants and in Nova Scotia, and talk a bit about where I see the future in terms of our economic recovery.

I will first talk about support announced in the fall economic statement that is part of this bill. There are $1,200 to help support children under six years old in households that are making under $120,000 a year. I cannot say how much I have heard on the doorsteps in my riding of Kings—Hants about the power and benefit of the Canada child benefit and what it has meant for low- and medium-income households to have a little extra money at the end of the month to buy healthy groceries and make sure their dependants have opportunities in recreation, arts and different activities.

In Kings—Hants alone, though I do not have the exact number, I believe the program means that $15 million or $16 million a month go to my riding. My hon. predecessor, Scott Brison, talked about what this program meant for the people in Kings—Hants and, indeed, across the country. Every member of Parliament in this House could speak about the importance of what this program means. It is a temporary measure. It is $1,200 for 2021, recognizing the fact that families are going through challenges right now and we need to be there for them as a government. It is certainly something I applaud as a parliamentarian, and I expect that all members of the House can speak about the benefit of what this represents.

I turned 30 not too long ago. I am one of the youngest members in the House and the youngest in the governing party, and I am not too far removed from my days in university. I was fortunate to attend Saint Mary's University in Halifax and Dalhousie for a law degree, and I can say that the cost of education is a challenge for many individuals. I still hold student debt. We need to make sure we are helping to protect those students, in particular, who are most vulnerable. Right now, as I understand it, as part of this bill, 1.4 million Canadian students will not have interest accrue on their student loans during this time. That is extremely important. We know that we need to support our next generation of young workers and leaders in our country, and I certainly applaud the government in this direction.

I want to talk about long-term health care. In my part of the country, in Nova Scotia, we have seen the challenges in Northwood. There were 51 deaths in long-term care in Northwood. We have seen challenges across the country, in Quebec and Ontario in particular. I have heard from constituents in my riding who reached out to me to say that we need to do more on long-term care, that the federal government needs to be willing to help step up and support, and that is exactly what we announced in the fall economic statement.

We have dedicated over $500 million to help support the provinces and territories in battling COVID and making sure measures are in place. We know there are probably longer-term conversations that need to happen around long-term care, but this is a meaningful step in the right direction. We recall that during the height of the pandemic, when premiers and provincial governments called upon the Canadian Armed Forces to intervene and help support, we were there to make sure that happened.

Through the safe restart program, $19 billion went to the provinces and municipal governments to help support them through some of the most challenging times in the pandemic. This is another demonstration of the work this government has been doing to support the provinces and territories, particularly in an area that is extremely important, which of course is long-term care.

There are also $133 million allocated in Bill C-14 for virtual care. As chair of the rural caucus, I know that for some of our most rural and remote communities having access to care may not allow for a direct relationship. We may in some cases need to be able to access tools and technologies, very similar to the way we are running a national Parliament right now on a Zoom call. We can make sure that telemedicine and telehealth options are available. Given the pandemic, this is extremely important as an interim measure, but in the days ahead it is going to be even more important moving forward.

The final piece I want to talk about in the key points I wanted to highlight in this bill is a change under the ability for business owners to access the rent subsidy. Before Christmas, the Minister of Finance, through I think Bill C-9, announced changes on the wage subsidy to help support businesses and simplify support for rent for businesses. This was extremely important in my community of Kings—Hants.

I live in an area called East Hants about half an hour outside of Halifax. Although Nova Scotia has been spared and we have worked collectively to avoid some of the case counts we have seen across the country, there was a rise in cases just before Christmas that required significant shutdowns, particularly for restaurants and hospitality organizations. This was something they were able to take advantage of. The provision under this act allows them to access the benefit before rent is actually due, which is extremely important because we know cash flow for businesses is challenging, particularly in the hospitality and restaurant sectors.

I have had the chance to listen in on this debate, which was happening yesterday, and will continue today and I believe tomorrow as well. I want to point something out. I have heard members of the opposition talk about the debt. As someone who considers himself a business Liberal and who certainly appreciates that we have to be fiscally prudent, I recognize that is not a bad direction, but it is hypocrisy.

There are members in this House who, in one sense, talk about the debt, which is a valid concern and we have to be mindful about managing that in the days ahead, but then in the other sense, they say this government has not done enough. In one breath they say we have taken on too much debt and are concerned about it, and then in the next breath they talk about all the measures the government should have taken further.

I would like to ask my Conservative colleagues across the way which it is. Is it that they are concerned about the debt and we should not have taken as much on, or is it that we need to do even more for our businesses? Most Canadians at home are going to recognize that talking out both sides of their mouths is hypocrisy.

I want to finish by talking about where we are going. Yesterday, the member for Carleton talked about the concern with rising debt levels. I agree with him that we need a strong economic strategy on the other side. We have a budget that will be forthcoming, I suspect, in the next couple of months. Our government is focused on ways to drive economic recovery. We have talked about providing up $70 billion to $100 billion of temporary economic stimulus.

The Minister of Finance has been quite clear, both in this House and outside, that her focus will be on those temporary measures. We have to be mindful of adding large structural spending that is not sustainable over the long term. I applaud her in that regard. Our government is going to have a strong plan to be able to bounce back and manage the debt load by growing our economy. That is traditionally how all countries of the world have been able to do this: growing their economy to be able to make the proportion of the debt to their economy go down and down. That was certainly the case before the pandemic, as we had the lowest unemployment in 40 years and a lowering debt-to-GDP ratio.

I want to put on the record some things I think are going to be important in the days ahead. The first is child care. This is not just an idea of social programming anymore, this is beneficial. Economists and business leaders around the world are talking about the importance of child care to help support parents getting back into the workplace. That is certainly something we need to see in the days ahead.

The second is agriculture. As the chair of the rural caucus, the agriculture industry in Canada is extremely important to me. It represents over $130 billion to our GDP and we are poised to be able to grow even further. I hope to see in the days ahead our government leveraging that industry for success.

I will finish with a few others such as natural resources, particularly our forest industry. I look to British Columbia around mass timber and the success it is having in being able to drive innovative practices and sustainable business practices for our forestry sector. On the Atlantic and the Pacific in our coastal communities, small craft harbours is an extremely important program to help support our fishing community.

The final point is on regulatory reform and modernization. We are talking a lot about spending, which is important. We are following other OECD countries. We also have to look at ways to leverage the private sector to be able to let it grow and create jobs, and so we have to be creative in the days ahead as well.