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 is from 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 has also written a full legislative summary of the bill.

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.

Bill numbers are reused for different bills each new session. Perhaps you were looking for one of these other C-14s:

C-14 (2022) Law Preserving Provincial Representation in the House of Commons Act
C-14 (2020) Law COVID-19 Emergency Response Act, No. 2
C-14 (2016) Law An Act to amend the Criminal Code and to make related amendments to other Acts (medical assistance in dying)
C-14 (2013) Law Not Criminally Responsible Reform Act
C-14 (2011) Improving Trade Within Canada Act
C-14 (2010) Law Fairness at the Pumps Act

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 26th, 2021 / 12:40 p.m.

The Deputy Speaker Bruce Stanton

Before resuming debate, I must inform the House and the members participating virtually that there have been more than five hours of debate on this motion during this first round. Consequently, all subsequent interventions shall be limited to 10 minutes for speeches and five minutes for questions and comments.

The hon. member for West Vancouver—Sunshine Coast—Sea to Sky Country.

Economic Statement Implementation Act, 2020Government Orders

January 26th, 2021 / 12:40 p.m.

Liberal

Patrick Weiler Liberal West Vancouver—Sunshine Coast—Sea to Sky Country, BC

Mr. Speaker, it is a privilege to lend my voice in support of the fall economic statement, more commonly referred to as the FES.

As we continue to combat the COVID-19 pandemic, our foremost commitment remains supporting the resilience of our people and businesses. To uphold this commitment, our government has provided an unprecedented $407 billion in overall support to keep Canadians and Canadian business afloat.

In doing so, the federal government has provided more than $8 out of every $10 spent in Canada to fight COVID-19 and to support Canadians through these challenging times. The significant investments we have made, in public health, in the provision of medical supplies and personal protective equipment, in income support and paid sick leave, have very much helped slow the spread of the virus. Our commitment of an additional $1 billion to a new safe long-term care fund will help ensure that seniors live in safe and dignified conditions and have exceptional infection prevention and control.

As a result of these efforts, apart from the island nation of Japan, Canada has the lowest peak new-infection rate among G7 nations in wave one and the lowest rate of new infections in wave two.

Canada has also experienced a rebound that is both vaster and stronger than initially forecast in the July economic and fiscal portrait, and which compares very well with its international counterparts. Whereas only about half of the American jobs lost through the pandemic have returned, in Canada 80% of these jobs have been recovered. British Columbia has very much been a leader in this regard, with 98.7% of the job losses recouped. These numbers are truly astounding when we consider the makeup of the B.C. economy and the economic sectors that have been hardest hit.

While it is always paramount that federal spending addresses the needs and desires of all Canadians, it is especially gratifying to discuss a fall economic statement that speaks to the most pressing and distinct concerns of British Columbia. I know, from speaking with business owners and non-profit representatives in my riding, that the federal supports that have been extended and expanded in the fall economic statement are, in so many cases, the only reasons why businesses have been able to keep their doors open and workers employed.

The Canada emergency wage subsidy, which has protected 3.9 million jobs across the country, is being extended until June and increased to a maximum subsidy rate of 75% so that employers can keep their workers through these challenging months. For small businesses, the Canada emergency business account has provided critical liquidity; and the Canada emergency rent subsidy has helped businesses with fixed costs, direct from the federal government to tenants, with additional support in the case of government-ordered closures.

While these subsidies have helped bolster our economy and protect our businesses, we also recognize that crucial sectors, such as tourism and hospitality and the arts, have been disproportionately impacted by the necessary travel restrictions and limitations on gatherings. This is certainly true in B.C., where tourism is one of our largest economic sectors, and it is especially relevant in my riding, where the resort municipality of Whistler alone, which has 12,000 permanent residents, is responsible for a quarter of the annual tourism export revenue for the whole province of British Columbia. Of course, our borders are now closed to non-essential travel. For this reason, the fall economic statement would create the highly affected sectors credit availability program to offer 100% government-guaranteed, low-interest loans of up to $1 million over extended terms for heavily impacted businesses. This program will be available very shortly from financial institutions.

We are also proposing a $500 million top-up for our regional development agencies for a total of $2 billion, so they can continue to support small business owners who otherwise would be unable to access the federal pandemic support programs, through the regional relief and recovery fund. Importantly, 25% of these funds is earmarked to support our local tourism businesses.

Given the unique and diverse economy in B.C., it has been a very long-standing priority to establish a separate regional development agency for our province. Previously, a single office in Vancouver was designated to serve over five million British Columbians. This is in very stark contrast to the 28 offices for the Atlantic Canada Opportunities Agency, which serve a population that is less than half of B.C.'s. That is why it is so important that the fall economic statement committed to splitting Western Economic Diversification into two distinct agencies: one for British Columbia and one for our prairie neighbours. This would allow for better service for both regions to help with the important sector transformations taking place and allow these regions to take advantage of the distinct economic opportunities that present themselves.

My riding of West Vancouver—Sunshine Coast—Sea to Sky Country is the most unaffordable region in the country that is not solely situated in an urban core. While the programs our government introduced have lifted over a million Canadians out of poverty since 2015, our work on addressing that affordability crisis is far from complete. However, the fall economic statement makes continued progress in this important direction.

All Canadians have the right to safety and shelter, as well as the ability to live comfortably as part of their community, but the pandemic has exacerbated the number of our most vulnerable community members who are facing housing insecurity. That is why our government has created the $1-billion rapid housing initiative to further the construction of modular housing, as well as the acquisition of land and conversions of existing buildings into supportive housing units. This program follows along some amazing leadership we have seen from cities such as Vancouver and Victoria.

For many in my generation, the idea of home ownership in our community is just a dream. To address the long-standing challenge of the lack of affordable housing, we are proposing to expand the rental construction financing initiative by $12 billion to continue to provide low-interest loans and mortgage insurance to support the construction of purpose-built affordable rental housing.

Since its inception in 2017, 30% of the initiative's investments nationwide have gone to British Columbia, including the recent construction of a 24-unit affordable rental housing building in Whistler, which will be managed by the Whistler Housing Authority to ensure affordable rental levels are maintained for the next 50 years.

Alongside housing concerns, many in my riding are under strain from a lack of affordable and accessible child care. In Squamish and Pemberton, for instance, there is a three-year minimum wait-list to receive licensed child care. In the meantime, parents are having to balance exhausting hours of dual work days against expensive and unlicensed private care.

To provide immediate relief for families with young children, the government is introducing a temporary and immediate support for low and middle-income families that are entitled to the Canada child benefit, raising the maximum benefit of $6,765 per child under the age of six by an additional $1,200 in 2021.

To address our long-term child care needs, the government is proposing to provide $420 million in the 2021-22 year for provinces and territories to support the attraction and retention of early childhood educators and workers by supplying grants and bursaries for students studying early childhood education.

Capilano University recently launched early childhood education programs in both Sechelt and Squamish in order to address this high demand for educators. This funding will support efforts like these, which, along with eliminating wage and infrastructure barriers, are crucial for us to meet the growing demand for educators right across B.C. and Canada.

The FES also commits to setting up a federal secretariat for early learning and child care to support the development of a Canada-wide system. We know this is not just sound policy to improve the lives of families, reduce gender inequalities and give children the best chance at success. It has also been widely identified by experts, including our former Bank of Canada governor Stephen Poloz, as one of the top two initiatives that could grow our GDP more than anything else.

The COVID-19 pandemic has exacerbated the existing and more deadly health crisis in B.C. The pandemic-imposed restrictions have had a cascading effect that has led to a more toxic and lethal supply of drugs, leading to 1,500 deaths in B.C. as part of the opioid epidemic last year.

To support Canadians struggling with substance abuse, we will provide an additional $66 million over two years to support community-based organizations responding to the opioid crisis. Funding like this will be vital for the creation and continuation of safe consumption and overdose prevention sites, such as the safe consumption site that opened in Squamish this past year and the one that opened in Sechelt as well.

While the pandemic has drastically curtailed the use of public transit across the country, it remains a critical link for essential workers and others. For this reason, we provided over a half-billion in support for public transit in B.C. under the safe restart agreement. We know once the pandemic is over ridership will rebound quickly in places such as metro Vancouver, which had the fastest-growing ridership of any public system in Canada and the U.S. prior to the pandemic.

To meet this growing demand, numerous projects are being planned or are under construction to expand this service. All orders of government on the north shore are working together as part of next step to alleviate congestion and improve public transit both to and from the north shore. I am pleased the federal government is stepping up to provide permanent public transit funding to support a lot of these efforts going forward.

The measures I have outlined in this speech are just some of the many ways that the FES will help bridge British Columbians and Canadians through the pandemic by providing support for the Canadians and Canadian businesses that need it most. The FES also has a number of down payments on larger programs that set the stage to build back better to a greener, more inclusive and more resilient country on the other side of the pandemic.

These measures, among others, will be part of the $70 billion to $100 billion in stimulus over three years to ensure our economy comes back stronger and more resilient than before. The FES is good for British Columbians. It is good for Canadians and I urge my—

Economic Statement Implementation Act, 2020Government Orders

January 26th, 2021 / 12:50 p.m.

The Deputy Speaker Bruce Stanton

We will have to stop there. We have reached the end of the time allowed for the hon. member's speech.

We will continue with questions and comments. The hon. member for Drummond.

Economic Statement Implementation Act, 2020Government Orders

January 26th, 2021 / 12:50 p.m.

Bloc

Martin Champoux Bloc Drummond, QC

Mr. Speaker, I thank my colleague for his speech.

I will take advantage of the fact that there is a Liberal colleague from British Columbia to raise the issue of tourism. I am guessing that tourism is a very important sector of the economy in his region. It is one of the sectors that was hit extremely hard by the pandemic, along with restaurants, events, festivals, arts and culture.

The government is creating one-size-fits-all programs and not considering the reality of these sectors. We need targeted programs for tourism, restaurants, festivals, events, arts and culture, and these are long overdue. The government did announce a credit for the hardest-hit sectors. However, we heard about this program two months ago, and no details have been announced yet.

I would like to know if my colleague believes that real targeted assistance will finally be given to the tourism, entertainment, events, festival and restaurant sectors.

Economic Statement Implementation Act, 2020Government Orders

January 26th, 2021 / 12:50 p.m.

Liberal

Patrick Weiler Liberal West Vancouver—Sunshine Coast—Sea to Sky Country, BC

Mr. Speaker, certainly the tourism sector is very important in British Columbia and especially in my riding. It is our biggest economic sector, so I am very much attuned to the comments and suggestions that my colleague made. The FES has targeted supports, particularly for tourism and some of the other hard-hit sectors he mentioned. The $1-million HASCAP program, for instance, will be available in the coming weeks to support some of these businesses with low-cost, very low-interest loans.

Also, under the regional relief and recovery fund, the 25% set aside for businesses in the tourism sector are very much needed to ensure those businesses will have access to the credit they need so that we can bridge to the other side of the pandemic, once some of the health restrictions, and other restrictions that have heavily impacted those sectors, subside.

Economic Statement Implementation Act, 2020Government Orders

January 26th, 2021 / 12:55 p.m.

NDP

Gord Johns NDP Courtenay—Alberni, BC

Mr. Speaker, there were many things my colleague said in his speech that I was interested in, but one thing that he did not talk about is the wild salmon emergency in British Columbia. We just had the lowest return of wild Pacific sockeye salmon in the largest salmon-bearing river in the world. This is after last year, which was then the lowest return. We did not hear anything in the fall economic statement, outside of Big Bar, to help remedy that situation, and the many other watersheds that are facing the same thing.

We are in a wild salmon emergency, and we cannot even get the minister to declare a wild salmon emergency. We did not see any new investments. We are hearing that the $148-million B.C. salmon restoration fund is a drop in the bucket. Advocates are saying that that is over five years and, in fact, we need that every year for the next five years if we are going to make any impact on saving wild Pacific salmon, which is critical to our food security, our culture, our economy and our way of life, especially for indigenous people.

Is my colleague going to be advocating for his government to invest heavily in emergency funding for wild Pacific salmon in the upcoming budget?

Economic Statement Implementation Act, 2020Government Orders

January 26th, 2021 / 12:55 p.m.

Liberal

Patrick Weiler Liberal West Vancouver—Sunshine Coast—Sea to Sky Country, BC

Mr. Speaker, I very much share my hon. colleague's concern about the plight of wild Pacific salmon. One of the measures he mentioned in his comments, the permanent funding for the passage of fish in Big Bar, is a very, very important step, but it is one of many, many important steps that we need to take to restore our salmon stocks across the province. This is going to take wide-ranging efforts to rehabilitate habitats to restore this species, which is iconic to all British Columbians.

I can assure the member opposite that this is very much a priority for me, for our caucus in British Columbia and for this government. I look forward to working with my colleagues on advancing some important measures that will make progress in addressing this really, really important area.

Economic Statement Implementation Act, 2020Government Orders

January 26th, 2021 / 12:55 p.m.

NDP

Rachel Blaney NDP North Island—Powell River, BC

Mr. Speaker, I am here today to speak about Bill C-14, the economic statement that the federal government presented to the House on November 30 of last year.

COVID has been hard on our communities in many ways. This time has been filled with constant change, significant modification in our habits and real health concerns. When I speak with constituents across the riding, I am shocked by how many things they have noticed have changed in their lives. I appreciate the innovation that I have seen in our riding. People are coming together to support one another, and businesses are stepping up to find new ways to practise what they do.

Just last week, I participated in a grand opening event at a vineyard in my riding. It was a small event with strict distancing rules and careful protocols, but 40 Knots wanted to take an opportunity to showcase their newly closed-in outdoor space, which will allow for events to happen all year round. The windows are able to open in warm weather and close in the colder weather while continuing to allow for a beautiful view of their vines. I deeply respect 40 Knots for their sustainable model of making wine and the creativity they have shown, along with that of the many local businesses in my riding during this time.

This innovation is inspiring, yet many folks have struggled during this time because of the way our local economies are built. Across Canada, we need to see an increase in supports for regional economic development strategies. I am carefully hopeful about the announcement that there will be a new regional economic branch in British Columbia. I do want the government to understand that I believe it is the rural and remote communities that have the most need for supports during these economic changes. I hope to see an office, in fact, located in my region of North Island—Powell River.

This is especially important for me because there are some significant challenges happening in my riding right now. On December 17, the fisheries minister made an announcement about the Discovery Islands fish farms. The announcement was based on recommendation 19 of the Cohen Commission from 2012. I respect that part of the process included several first nation communities in our riding. Those nations have a constitutional right to speak on behalf of the area they protect and represent, and have represented since time immemorial.

I understand that all seven nations have notified their members that they are in support of the announcement. Indigenous communities have a right to stand for what they believe is best for their traditional territory, and as key partners in our region, it is important during this time that we work together to create solutions to move forward. Although, I do want to point out an important gap in this decision.

Prior to this announcement, my colleague, our shadow minister for fisheries, the member for Courtenay—Alberni, was very clear. The fisheries minister needed a plan to go hand in hand with this announcement. I want to be clear. It did not need to be a step-by-step plan, but I wanted some sort of commitment that would allow for certainty during this time. I do understand that the Cohen Commission recommendation was made eight years ago, and that this was a timeline that many were watching, but that does not mean the minister should not provide something. The lack of a plan has left a void in my region, especially in the more northern parts of Vancouver Island.

During this time, we do not need more unknowns to face. COVID has certainly provided enough. What we do require is some certainty.

I want to acknowledge how hard this announcement has been on communities, workers and businesses. It is overwhelming, and I know many people are worried about the future of our region. When the fisheries minister made her announcement, there was no plan at all. I was hoping to see a commitment to significant resources and a regional approach.

I want to put on the record what I am hearing from constituents in my riding. First of all, there needs to be a firm and strong commitment to wild Pacific salmon. Habitat restoration is an important part of this, but there are so many other factors. People are asking for there to be a plan. The need to see an improvement to the well-being of wild Pacific salmon in our riding has only increased, as people have shown me rivers that are no longer seeing salmon return.

Across our riding, the lack of on-the-ground fisheries staff has also been a growing concern. I ask members not to get me wrong. There are some amazing DFO staff in our region; however, there are significant concerns that for a huge part of the coast that we represent, we simply do not have enough people on the ground to manage the need.

Happily, the indigenous guardian program has been growing across the riding. There is a sense of trust from our communities, both indigenous and non-indigenous, that these folks fulfill the role as protectors of the natural resources in the region. Communities are looking for ways for this program to be able to grow and develop to do important work.

Currently, there is a parallel process happening in our region to go alongside the decision made about the Discovery Islands. This process is the commitment that the federal government has made for a more sustainable aquaculture system. In my region, people are asking for clarity on what that will look like sooner rather than later. Businesses that are highly reliant on the fish farm industry are clear: the next steps need to be clearer for them so that they can make sure their business plans are modified appropriately. With the closure of the Discovery Islands open-net fish farms, businesses are looking for opportunities to invest to modify their businesses, and they are looking for the government to be part of that plan. There needs to be a clear path that is accessible, and with the change that is happening so quickly, they need to see the resources there to meet it.

Investment in economic development in indigenous communities has also been identified as a high priority. There is some amazing and innovative work happening in more than 20 first nations I represent. There is a desire to have discussions about these projects and see how they can be built to provide economic opportunities in our area.

There are also several hatcheries in my riding, and many are working on a volunteer basis. They have not seen an increase in funding to support them in well over 30 years but have found many creative solutions to fill that gap. Many of them have reached out to my office and are wondering how their role will change due to this announcement. I have also heard from commercial fisheries and public fishers who are hoping to see action taken in the sustainable management of fisheries and they want a voice to be a part of that.

I have asked the minister to prioritize our region to look at how to support us moving forward with a coordinated approach that recognizes the specific needs of our region. Again, a localized regional economic development plan simply makes the most sense. This requires a collaborative approach, and the federal government needs to be a significant player in this process.

I also want to point out that the municipalities in this part of the region will be impacted as well. There is a need to have resources for them to create strategies that make sense for their communities.

More attractive economic development means that we need to see better Internet and cell reception in our region. The Connected Coast project in our area is one we are very proud of; however, we need to see the resources now, not later. Our region demands it. The lack of cell reception is a deterrent to inviting business opportunities and for safety as well. There have been multiple petitions from the region sharing this reality.

All of this really fits into the reason I put forward my Motion No. 53, principles for a sustainable and equitable future, in the fall. This motion requires the government to equitably distribute funds and programming among federal ridings and take into account UNDRIP, climate change and the prioritization of projects by small businesses that create diversity in local, long-term, well-paying jobs, because that is how we keep profits and benefits within the community.

I also want to point out that the steel workers who work in the processing plant at Port Hardy have reached out to my office. They want to make sure their voices are heard during this process as well.

We need to look at these principles to make sure we follow a localized regional economic plan. I urge the minister to review my motion and adopt these principles as soon as possible.

For our region to work together in a positive way, we need to see some clear commitment from this government. With the lack of clarity, it is hard for people to know what steps to take next. It is not good for our region, and I am concerned it will focus us on our differences rather than on our joint commitment to this place we all live.

As I come to the end of my speech, I also want to take this opportunity to acknowledge that women working in the fish farm industry have noticed an increase in sexual harassment during this time. This is on social media. I want to state clearly that this is simply not okay and that we must all strive for a better country, where women are treated with respect and not objectified by sexism.

As I end my speech, I want to remind the government that it is local, rural, resource-based communities like the ones I represent that have built this country. I also want to point out that economic marginalization of indigenous communities in this region and across Canada has been a huge barrier to communities and legislation has often been the barrier, so I hope to see the government do better.

Economic Statement Implementation Act, 2020Government Orders

January 26th, 2021 / 1:05 p.m.

The Deputy Speaker Bruce Stanton

I will have to interrupt the hon. member. We are out of time.

Questions and comments, the hon. member for Aurora—Oak Ridges—Richmond Hill.

Economic Statement Implementation Act, 2020Government Orders

January 26th, 2021 / 1:05 p.m.

Conservative

Leona Alleslev Conservative Aurora—Oak Ridges—Richmond Hill, ON

Mr. Speaker, I would like to thank my colleague for her advocacy for defence and security.

The member outlined some very important points around regional economic development and the lack of certainty that comes from not having a clear financial plan from the government. I am wondering if she could give us some insight on whether we need a federal budget to outline the priorities for where the money will be spent and perhaps other areas where not as much money would be spent so that we can have greater certainty and clarity to plan for the future.

Economic Statement Implementation Act, 2020Government Orders

January 26th, 2021 / 1:10 p.m.

NDP

Rachel Blaney NDP North Island—Powell River, BC

Mr. Speaker, I enjoyed my time greatly when I worked with the member at the Canadian NATO Parliamentary Association and our joint dedication to defence and the men and women who serve us so well across Canada.

I agree that we need a budget. We need to see where the commitments are. When we look at what is happening across Canada, we know it is important that we have regional approaches that make sense for communities. All too often smaller communities are left out of the plans. Ottawa should not advise smaller remote communities of what needs to happen. They are the experts. I am hoping to see those dollars go into the communities to allow them to make that plan.

Economic Statement Implementation Act, 2020Government Orders

January 26th, 2021 / 1:10 p.m.

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

Mr. Speaker, I want to address something a little different on this issue, which is to recognize the impact that many of our social enterprises have on communities throughout the country and how important it is to continue to show not only financial support, but also promotion.

I look at an organization like Habitat for Humanity, which in Winnipeg North has assisted in the construction of newer homes in areas that would likely be very challenged. I wonder if the member would provide further comment on the important role that social enterprises have played during the pandemic. Many of them clearly have demonstrated that it goes beyond just making a profit, but it also includes getting people engaged in a very real and tangible way and providing services.

Economic Statement Implementation Act, 2020Government Orders

January 26th, 2021 / 1:10 p.m.

NDP

Rachel Blaney NDP North Island—Powell River, BC

Mr. Speaker, I will say that in my region, Habitat for Humanity has been profound. It has had amazing partnerships with many stakeholders in my region, but it does not address the core issue of my speech, which is how we address huge economic changes in our ridings with a regional economic approach that brings everybody together. I hope the government will stand up for that. It made a decision and I respect that decision, but we need support.

Economic Statement Implementation Act, 2020Government Orders

January 26th, 2021 / 1:10 p.m.

Green

Elizabeth May Green Saanich—Gulf Islands, BC

Mr. Speaker, I am very concerned, and I am sure the member is too, about the ongoing financial peril in which a number of regional ground transportation companies find themselves.

The member is probably aware that the current president of the Nuu-Chah-Nulth Tribal Council, Judith Sayers, has called for protection for Wilson's bus lines. It provides service to a number of remote first nations communities on Vancouver Island. It is being threatened with bankruptcy by the large commercial banks. No government program is helping it. This morning's announcement from the Prime Minister about more details for the highly affected sectors program will not assist either because it caps new loans at $1 million.

I wonder if the hon. member for North Island—Powell River has any comments on what we could do about these very profitable banks that have lost some profit, but remain profitable, and their willingness to push out of business other businesses that are essential for recovery.

Economic Statement Implementation Act, 2020Government Orders

January 26th, 2021 / 1:10 p.m.

NDP

Rachel Blaney NDP North Island—Powell River, BC

Mr. Speaker, I want to thank the member. It is good to say hello from the northern part of Vancouver Island.

I could not agree more. There are a lot of rural, remote and indigenous communities in my riding that need accessible transportation. This has been an ongoing challenge. As we look at a recovery, making sure people can get to their appointments and get out of their communities for opportunities, health and many other concerns is pivotal, so I hope to see some support for this.

I appreciate the work that big banks do, but they certainly have enough profit. Let us make sure to focus on these really important supports for local communities.