Budget Implementation Act, 2021, No. 1

An Act to implement certain provisions of the budget tabled in Parliament on April 19, 2021 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 implements certain income tax measures by
(a) providing relieving measures in connection with COVID-19 in respect of the use by an employee of an employer-provided automobile for the 2020 and 2021 taxation years;
(b) limiting the benefit of the employee stock option deduction for employees of certain employers;
(c) providing an adjustment for payments or repayments of government assistance in determining capital cost allowance for certain zero-emission vehicles;
(d) expanding the scope of the foreign affiliate dumping rules to further their objectives;
(e) providing change in use rules for multi-unit residential properties;
(f) establishing rules for advanced life deferred annuities;
(g) providing for an option to deduct repaid emergency benefit amounts in the year of benefit receipt and clarifying the tax treatment of non-resident beneficiaries;
(h) removing the time limitation for a registered disability savings plan to remain registered after the cessation of a beneficiary’s eligibility for the disability tax credit and modifying grant and bond repayment obligations;
(i) increasing the basic personal amount for certain taxpayers;
(j) providing a temporary special reading of certain rules relating to the child care expense deduction and the disability supports deduction for the 2020 and 2021 taxation years;
(k) providing flow-through share issuers with temporary additional time to incur eligible expenses to be renounced to investors under their flow-through share agreements;
(l) applying the short taxation year rule to the accelerated investment incentive for resource expenditures;
(m) introducing the Canada Recovery Hiring Program refundable tax credit to support the post-pandemic recovery;
(n) amending the employee life and health trust rules to allow for the conversion of health and welfare trusts to employee life and health trusts;
(o) expanding access to the Canada Workers Benefit by revising the applicable eligibility thresholds for the 2021 and subsequent taxation years;
(p) amending the income tax measures providing support for Canadian journalism;
(q) clarifying the definition of shared-custody parent for the purposes of the Canada Child Benefit;
(r) revising the eligibility criteria, as well as the level of subsidization, under the Canada Emergency Wage Subsidy (CEWS) and Canada Emergency Rent Subsidy (CERS), extending the CEWS and the CERS until September 25, 2021, providing authority to enable the extension of these subsidies until November 30, 2021, and ensuring that the level of CEWS benefits for furloughed employees continues to align with the benefits provided through the Employment Insurance Act until August 28, 2021;
(s) preventing the use by mutual fund trusts of a method of allocating capital gains or income to their redeeming unitholders where the use of that method inappropriately defers tax or converts ordinary income into capital gains;
(t) extending the income tax deferral available for certain patronage dividends paid in shares by an agricultural cooperative corporation to payments made before 2026;
(u) limiting transfers of pensionable service into individual pension plans;
(v) establishing rules for variable payment life annuities;
(w) preventing listed terrorist entities under the Criminal Code from qualifying as registered charities and providing for the suspension or revocation of a charity’s registration where it makes false statements for the purpose of maintaining registration;
(x) ensuring the appropriate interaction of transfer pricing rules and other rules in the Income Tax Act;
(y) preventing non-resident taxpayers from avoiding Canadian dividend withholding tax on compensation payments made under cross-border securities lending arrangements with respect to Canadian shares;
(z) allowing for the electronic delivery of requirements for information to banks and credit unions;
(aa) improving existing rules meant to prevent taxpayers from using derivative transactions to convert ordinary income into capital gains;
(bb) extending to a wider array of eligible automotive equipment and vehicles the 100% capital cost allowance write-off for business investments in certain zero-emission vehicles;
(cc) ensuring that the accelerated investment incentive for depreciable property applies properly in particular circumstances; and
(dd) providing rules for contributions to a specified multi-employer plan for older members.
It also makes related and consequential amendments to the Excise Tax Act, the Air Travellers Security Charge Act, the Excise Act, 2001, the Greenhouse Gas Pollution Pricing Act, the Income Tax Regulations and the Canada Disability Savings Regulations.
Part 2 implements certain Goods and Services Tax/Harmonized Sales Tax (GST/HST) measures by
(a) temporarily relieving supplies of certain face masks and face shields from the GST/HST;
(b) ensuring that non-resident vendors supplying digital products or services (including traditional services) to consumers in Canada be required to register for the GST/HST and to collect and remit the tax on their taxable supplies to consumers in Canada;
(c) requiring distribution platform operators and non-resident vendors to register under the normal GST/HST rules and to collect and remit the GST/HST in respect of certain supplies of goods shipped from a fulfillment warehouse or another place in Canada;
(d) applying the GST/HST on all supplies of short-term accommodation in Canada facilitated through a digital platform;
(e) expanding the eligibility for the GST rebate for new housing;
(f) expanding the definition of freight transportation service for the purposes of the GST/HST;
(g) extending the application of the drop-shipment rules for the purposes of the GST/HST;
(h) treating virtual currency as a financial instrument for the purposes of the GST/HST; and
(i) clarifying the GST/HST holding corporation rules and expanding those rules to holding partnerships and trusts.
It also makes related and consequential amendments to the New Harmonized Value-added Tax System Regulations, No. 2.
Part 3 implements certain excise measures by increasing excise duty rates on tobacco products by $4.‍00 per carton of 200 cigarettes along with corresponding increases to the excise duty rates on other tobacco products.
Part 4 enacts an Act and amends several Acts in order to implement various measures.
Division 1 of Part 4 amends the Canada Deposit Insurance Corporation Act to, among other things,
(a) specify the steps that an assessor must follow when they review a determination of the Canada Deposit Insurance Corporation with respect to the payment of compensation to certain persons;
(b) clarify that the determination of whether or not persons are entitled to compensation is to be made in accordance with the regulations;
(c) prevent a person from taking certain actions in relation to certain agreements between the person and a federal member institution by reason only of a monetary default by that institution in the performance of obligations under those agreements if the default occurs in the period between the making of an order directing the conversion of that institution’s shares or liabilities and the occurrence of the conversion;
(d) require certain federal member institutions to ensure that certain provisions of that Act — or provisions that have substantially the same effect as those provisions — apply to certain eligible financial contracts, including those contracts that are subject to the laws of a foreign state;
(e) exempt eligible financial contracts between a federal member institution and certain entities, including Her Majesty in right of Canada, from a provision of that Act that prevents certain actions from being taken in relation to those contracts; and
(f) extend periods applicable to certain restructuring transactions for financial institutions.
It also amends the Payment Clearing and Settlement Act to
(a) specify the steps that an assessor must follow when they review a determination of the Bank of Canada with respect to the payment of compensation to certain persons or entities; and
(b) clarify that systems or arrangements for the exchange of payment messages for the purpose of clearing or settlement of payment obligations may be overseen by the Bank of Canada as clearing and settlement systems.
Finally, it amends not-in-force provisions of the Canada Deposit Insurance Corporation Act, enacted by the Budget Implementation Act, 2018, No. 1, so that, under certain circumstances, an error or omission that results in a failure to meet a requirement of the schedule to the Canada Deposit Insurance Corporation Act will not prevent a deposit from being considered a separate deposit.
Division 2 of Part 4 amends the Bank of Canada Act to authorize the Bank of Canada to publish certain information about unclaimed amounts.
It also amends the Pension Benefits Standards Act, 1985 with respect to the transfer of pension plan assets relating to the pension benefit credit of any person who cannot be located to, among other things,
(a) limit the circumstances in which such assets may be transferred and specify conditions for the transfer; and
(b) specify the effects of a transfer on any claims that may be made in respect of those assets.
Finally, it amends the Trust and Loan Companies Act and the Bank Act to
(a) include amounts that are not in Canadian currency in the unclaimed amounts regime; and
(b) impose additional requirements on financial institutions in connection with their transfers of unclaimed amounts to the Bank of Canada and communications with the owners of those amounts.
Division 3 of Part 4 amends the Budget Implementation Act, 2018, No. 2 to exclude certain businesses from the application of a provision of the Bank Act that it enacts, which allows certain agreements that have been entered into with banks to be cancelled.
Division 4 of Part 4 amends the Trust and Loan Companies Act, the Bank Act and the Insurance Companies Act to extend the period during which federal financial institutions governed by those Acts may carry on business to June 30, 2025.
Division 5 of Part 4 amends the Justice for Victims of Corrupt Foreign Officials Act (Sergei Magnitsky Law) to
(a) provide that the entities referred to in that Act are no longer required to disclose to the principal agency or body that supervises or regulates them the fact that they do not have in their possession or control any property of a foreign national who is the subject of an order or regulation made under that Act; and
(b) change the frequency with which those entities are required to disclose to the principal agency or body that supervises or regulates them the fact that they have such property in their possession or control from once a month to once every three months.
Division 6 of Part 4 amends the Proceeds of Crime (Money Laundering) and Terrorist Financing Act to
(a) extend the application of Part 1 of that Act to include persons and entities engaged in the business of transporting currency or certain other financial instruments;
(b) provide that the Financial Transactions and Reports Analysis Centre make assessments to be paid by persons or entities to which Part 1 applies, based on the amount of certain expenses incurred by the Centre, and to authorize the Governor in Council to make regulations respecting those assessments;
(c) amend the definitions of designated information to include certain information associated with virtual currency transactions and widely held or publicly traded trusts that the Centre can disclose to law enforcement or other governmental bodies;
(d) change the maximum penalties for summary conviction offences;
(e) expand the list of persons or entities that are not eligible for registration with the Centre; and
(f) make other technical amendments.
Division 7 of Part 4 enacts the Retail Payment Activities Act, which establishes an oversight framework for retail payment activities. Among other things, that Act requires certain payment service providers to identify and mitigate operational risks, safeguard end-user funds and register with the Bank of Canada. That Act also provides the Minister of Finance with powers to address risks related to national security that could be posed by payment service providers. This Division also makes related amendments to the Canada Deposit Insurance Corporation Act, the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, the Financial Consumer Agency of Canada Act and the Payment Card Networks Act.
Division 8 of Part 4 amends the Pension Benefits Standards Act, 1985 to establish new requirements and grant new regulation-making powers to the Governor in Council with respect to negotiated contribution plans.
Division 9 of Part 4 amends the First Nations Fiscal Management Act to allow First Nations that are borrowing members of the First Nations Finance Authority to assign their rights to certain revenues payable by Her Majesty in right of Canada, for the purpose of securing financing for that Authority’s borrowing members.
Division 10 of Part 4 amends the Federal-Provincial Fiscal Arrangements Act to, among other things, increase the maximum amount of a fiscal stabilization payment that may be made to a province and to make technical changes to the calculation of fiscal stabilization payments.
Division 11 of Part 4 amends the Federal-Provincial Fiscal Arrangements Act to authorize additional payments to the provinces and territories.
Division 12 of Part 4 authorizes payments to be made out of the Consolidated Revenue Fund in relation to Canada’s COVID-19 immunization plan.
Division 13 of Part 4 authorizes payments to be made out of the Consolidated Revenue Fund in relation to infrastructure and amends the heading of Part 9 of the Keeping Canada’s Economy and Jobs Growing Act.
Division 14 of Part 4 authorizes amounts to be paid out of the Consolidated Revenue Fund, to a maximum total amount of $3,056,491,000, for annual payments to Newfoundland and Labrador in accordance with the terms and conditions of the Hibernia Dividend Backed Annuity Agreement.
Division 15 of Part 4 amends the Nova Scotia and Newfoundland and Labrador Additional Fiscal Equalization Offset Payments Act to authorize the Minister of Finance to make an additional fiscal equalization offset payment to Nova Scotia for the 2020–2021 fiscal year and to extend that Minister’s authority to make additional fiscal equalization offset payments to Nova Scotia until March 31, 2023.
Division 16 of Part 4 amends the Telecommunications Act to provide that decisions made by the Canadian Radio-television and Telecommunications Commission on whether or not to allocate funding to expand access to telecommunications services in underserved areas are not subject to review under section 12 or 62 of that Act but are subject to review by the Commission on its own initiative. It also amends that Act to provide for the exchange of information within the federal government and with provincial governments for the purpose of coordinating financial support for access to telecommunications services in underserved areas.
Division 17 of Part 4 amends the Canada Small Business Financing Act to, among other things,
(a) specify that lines of credit are loans;
(b) set a limit on the liability of the Minister of Small Business and Tourism in respect of each lender for lines of credit;
(c) remove the restriction excluding not-for-profit businesses, charitable businesses and businesses having as their principal object the furtherance of a religious purpose as eligible borrowers;
(d) increase the maximum amount of all loans that may be made in relation to a borrower under that Act; and
(e) provide that lesser maximum loan amounts may be prescribed by regulation for loans other than lines of credit, lines of credit and prescribed classes of loans.
Division 18 of Part 4 amends the Customs Act to change certain rules respecting the correction of declarations made under section 32.‍2 of that Act, the payment of interest due to Her Majesty and securities required under that Act, and to define the expression “sold for export to Canada” for the purposes of Part III of that Act.
Division 19 of Part 4 amends the Canada–United States–Mexico Agreement Implementation Act to require the concurrence of the Minister of Finance when the Minister designated for the purposes of section 16 of that Act appoints panellists and committee members and proposes the names of individuals for rosters under Chapter 10 of the Canada–United States–Mexico Agreement.
Division 20 of Part 4 amends Part 5 of the Department of Employment and Social Development Act to make certain reforms to the Social Security Tribunal, including
(a) changing the criteria for granting leave to appeal and introducing a de novo model for appeals of decisions of the Income Security Section at the Appeal Division;
(b) giving the Governor in Council the authority to prescribe the circumstances in which hearings may be held in private; and
(c) giving the Chairperson of the Social Security Tribunal the authority to make rules of procedure governing appeals.
Division 21 of Part 4 amends the definition of “previous contractor” in Part I of the Canada Labour Code in order to extend equal remuneration protection to employees who are covered by a collective agreement and who work for an employer that
(a) provides services at an airport to another employer in the air transportation industry; or
(b) provides services to another employer in another industry and at other locations that may be prescribed by regulation.
Division 22 of Part 4 amends Part III of the Canada Labour Code to establish a federal minimum wage of $15 per hour and to provide that if the minimum wage of a province or territory is higher than the federal minimum wage, the employer is to pay a minimum wage that is not less than that higher minimum wage. It also provides that, except in certain circumstances, the federal minimum wage per hour is to be adjusted upwards annually on the basis of the Consumer Price Index for Canada.
Division 23 of Part 4 amends the provisions of the Canada Labour Code respecting leave related to the death or disappearance of a child in cases in which it is probable that the child died or disappeared as a result of a crime, in order to, among other things,
(a) increase the maximum length of leave for a parent of a child who has disappeared from 52 weeks to 104 weeks;
(b) extend eligibility to parents of children who are 18 years of age or older but under 25 years of age; and
(c) limit the exception that applies in the case of a parent of a child who has died as a result of a crime if it is probable that the child was a party to the crime so that the exception applies only with respect to a child who is 14 years of age or older.
Division 24 of Part 4 authorizes the Minister of Employment and Social Development to make a one-time payment to Quebec for the purpose of offsetting some of the costs of aligning the Quebec Parental Insurance Plan with temporary measures set out in Part VIII.‍5 of the Employment Insurance Act.
Division 25 of Part 4 amends the Judges Act to provide that, if the Canadian Judicial Council recommends that a judge be removed from judicial office, the time counted towards the judge’s pension entitlements will be frozen and their pension contributions will be suspended, as of the day on which the recommendation is made. If the recommendation is rejected, the judge’s pension contributions will resume, the time counted towards their pension entitlement will include the suspension period and the judge will be required to make all the contributions that would have been required had the contributions never been suspended.
Division 26 of Part 4 amends the Federal Courts Act and the Tax Court of Canada Act to increase the number of judges for the Federal Court of Appeal by one and the number of judges for the Tax Court of Canada by two. It also amends the Judges Act to authorize the salary for the new Associate Chief Justice for the Trial Division of the Supreme Court of Newfoundland and Labrador and the salaries for the following new judges: five judges for the Ontario Superior Court of Justice, two judges for the Supreme Court of British Columbia and two judges for the Court of Queen’s Bench for Saskatchewan.
Division 27 of Part 4 amends the National Research Council Act to provide the National Research Council of Canada with the authority to engage in the production of “drugs” or “devices”, as those terms are defined in the Food and Drugs Act, for the purpose of protecting or improving public health. It also amends that Act to provide authority for the incorporation of corporations and the acquisition of shares in corporations.
Division 28 of Part 4 amends the Department of Employment and Social Development Act in relation to the collection and use of Social Insurance Numbers by the Minister of Labour.
Division 29 of Part 4 amends the Canada Student Loans Act to provide that, during the period that begins on April 1, 2021 and ends on March 31, 2023, no interest is payable by a borrower on a guaranteed student loan.
It also amends the Canada Student Financial Assistance Act to provide that, during the period that begins on April 1, 2021 and ends on March 31, 2023, no interest is payable by a borrower on a student loan.
Finally, it amends the Apprentice Loans Act to provide that, during the period that begins on April 1, 2021 and ends on March 31, 2023, no interest is payable by a borrower on an apprentice loan.
Division 30 of Part 4 confirms the validity of certain regulations in relation to the cancellation or postponement of certain First Nations elections.
Division 31 of Part 4 amends the Old Age Security Act to increase the Old Age Security pension payable to individuals aged 75 and over by 10%. It also provides that any amount payable in relation to a program to provide a one-time payment of $500 to pensioners who are 75 years of age or older may be paid out of the Consolidated Revenue Fund.
Division 32 of Part 4 amends the Public Service Employment Act to, among other things,
(a) require that the establishment and review of qualification standards and the use of assessment methods in respect of appointments include an evaluation of whether there are biases or barriers that disadvantage persons belonging to any equity-seeking group;
(b) provide that audits and investigations may include the determination of whether there are biases or barriers that disadvantage persons belonging to any equity-seeking group; and
(c) give permanent residents the same preference as Canadian citizens in external advertised appointment processes.
Division 33 of Part 4 authorizes the making of payments to the provinces for early learning and child care for the fiscal year beginning on April 1, 2021.
Division 34 of Part 4 amends the Canada Recovery Benefits Act to, among other things,
(a) provide that the maximum number of two-week periods in respect of which a Canada recovery benefit is payable is 25;
(b) reduce the amount of a Canada recovery benefit for a week to $300 in certain circumstances;
(c) provide that certain persons who were paid benefits under the Employment Insurance Act are eligible to be paid a Canada recovery benefit in certain circumstances;
(d) provide that the maximum number of weeks in respect of which a Canada recovery caregiving benefit is payable is 42; and
(e) provide that the Governor in Council may, by regulation, on the recommendation of the Minister of Employment and Social Development and the Minister of Finance, amend certain provisions of that Act to replace the date of September 25, 2021 by a date not later than November 20, 2021.
It also amends the Canada Labour Code to provide that the maximum number of weeks of leave for COVID-19 related caregiving responsibilities is 42.
Finally, it repeals provisions of the Canada Recovery Benefits Regulations and the Canada Labour Standards Regulations.
Division 35 of Part 4 amends the Employment Insurance Act to, among other things,
(a) facilitate access to unemployment benefits for a period of one year by
(i) reducing the number of hours of insurable employment required to qualify for unemployment benefits to a national threshold of 420 hours,
(ii) reducing the amount of earnings from self-employment that a self-employed person is required to have to be eligible to access special unemployment benefits,
(iii) providing that only a claimant’s most recent separation from employment will be considered in determining whether they qualify for unemployment benefits,
(iv) ensuring that earnings paid to a person because of the complete severance of their relationship with their former employer do not extend the person’s benefit period, and
(v) providing for an increase in the maximum number of weeks for which regular unemployment benefits may be paid to a seasonal worker if certain conditions are met; and
(b) extend the maximum number of weeks for which benefits may be paid because of a prescribed illness, injury or quarantine from 15 to 26.
It also amends the Canada Labour Code to, among other things, extend to 27 the maximum number of weeks to which an employee is entitled for a medical leave of absence from employment.
It also amends the Employment Insurance Regulations to, among other things, ensure that, for a period of one year, earnings paid to a person because of the complete severance of their relationship with their former employer do not extend the person’s benefit period or delay payment of benefits to the person.
Finally, it amends the Employment Insurance (Fishing) Regulations to, among other things, reduce, for a period of one year, the amount of earnings that a fisher is required to have to qualify for unemployment benefits.
Division 36 of Part 4 amends the Canada Elections Act to provide that the offences related to the prohibition on making or publishing certain false statements with the intention of affecting the results of an election require that the person or the entity making or publishing the statement knows that the statement in question is false.

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-30s:

C-30 (2022) Law Cost of Living Relief Act, No. 1 (Targeted Tax Relief)
C-30 (2016) Law Canada-European Union Comprehensive Economic and Trade Agreement Implementation Act
C-30 (2014) Law Fair Rail for Grain Farmers Act
C-30 (2012) Protecting Children from Internet Predators Act
C-30 (2010) Law Response to the Supreme Court of Canada Decision in R. v. Shoker Act
C-30 (2009) Senate Ethics Act

Votes

June 23, 2021 Passed 3rd reading and adoption of Bill C-30, An Act to implement certain provisions of the budget tabled in Parliament on April 19, 2021 and other measures
June 21, 2021 Passed Concurrence at report stage of Bill C-30, An Act to implement certain provisions of the budget tabled in Parliament on April 19, 2021 and other measures
June 21, 2021 Failed Bill C-30, An Act to implement certain provisions of the budget tabled in Parliament on April 19, 2021 and other measures (report stage amendment)
June 14, 2021 Passed Tme allocation for Bill C-30, An Act to implement certain provisions of the budget tabled in Parliament on April 19, 2021 and other measures
May 27, 2021 Passed 2nd reading of Bill C-30, An Act to implement certain provisions of the budget tabled in Parliament on April 19, 2021 and other measures

Budget Implementation Act, 2021, No. 1Government Orders

June 18th, 2021 / 4:10 p.m.

Conservative

Luc Berthold Conservative Mégantic—L'Érable, QC

Madam Speaker, I thank my colleague from Shefford.

I would like to remind her that she is directing a question like that to the member who represents the people of Lac‑Mégantic, who witnessed a terrible tragedy in their community resulting from the transportation of heavy oil by rail, costing the lives of 47 people.

In response to the question about whether we should use safer alternatives to transport hazardous materials and oil, I would say yes. What is more, I will support any initiative that phases out the transportation of oil and hazardous materials by rail and uses pipelines instead.

Budget Implementation Act, 2021, No. 1Government Orders

June 18th, 2021 / 4:10 p.m.

Conservative

Pierre Poilievre Conservative Carleton, ON

Madam Speaker, if people are tired of working hard and getting nowhere, while watching others who contribute next to nothing get fabulously wealthy, then they should stop whatever they are doing. I am about to tell them five easy tricks that will allow them to get fabulously rich in today's Liberal economy, while contributing less than everyone else.

I know people are skeptical. In today's modern, progressive, altruistic, state-controlled era there is no such thing as greed and profit anymore. Let me quote Liberal luminary Mark Carney, who recently said:

The state embodies collective ideals such as equality of opportunity, liberty, fairness, solidarity and sustainability.

In this collective state, of course, there is no greed and, of course, no one wants to get rich and no one can, except for using these five tricks, so tune in and listen carefully.

Quick trick number one: Apply for a grant claiming it will be used to pay workers, when in fact it will be used to fund CEO bonuses, dividends and share buybacks. Air Canada, for example, used this trick to pay $10 million to its executives.

I can quote The Globe and Mail about the wage subsidy. Remember how the wage subsidy was supposed to be for companies that were so poor they could not pay their workers' wages? Here is what The Globe and Mail said about that:

In some cases, companies have yet to lay off workers, increase shareholder dividends and distribute bonuses despite collecting hundreds of millions of dollars in government money. In the wealth management industry, The Globe found that at least 80 asset managers, including some of the top performing hedge funds of 2020, received the grant.

The rich are always very good at getting money. In fact, remember all of those cash payments that were supposed to be for families in need? The top fifth of households got, on average, $6,700. The poorest households got $4,000, so the rich got almost two-thirds more than the poor, even though the poor are the ones who lost their jobs. People should be rich and apply for government money, then use their connections, consultants and accountants to maximize their take. That is trick number one.

Trick number two: Offer the Prime Minister's cabinet and family fees, expenses and luxurious trips. For example, the Kielburger brothers gave vacations, expenses and fees to the Prime Minister's team worth about half a million dollars. For that they got a half-a-billion-dollar grant. Then the Aga Khan gave the Prime Minister a quarter-of-a-million-dollar vacation, and he got a $15-million grant. These kinds of returns on investment would make Warren Buffett blush. A pro tip: People must have connections in the RCMP because, of course, much of this is illegal and even criminal, and they might get charged without having friends in law enforcement.

Get-rich-quick trick number three: When central banks are throwing money out the window, stand next to the window. That is what the financial institutions have been doing. The Bank of Canada has created $3 billion and has used it to buy government debt. This is debt that the government sells to the banks on a Monday, and the Bank of Canada buys it back on a Tuesday, only at a higher price and at a profit to the financial institution. The trick here is also to own a mansion, gold, land, stocks or bonds, all of which will be inflated in value, increasing people's net worth. This trick worked for Canada's 20 wealthiest Canadians who, in the first six months of this money-printing scheme saw their net worth rise by a staggering 32%, while our waitresses, airline stewardesses and small businesses got clobbered and $100 billion vanished from our economy. Somehow, the very rich with all of their assets managed to get richer still. The lesson is the next time the government is printing money, start off by being rich, because then people can be richer still. When the Bank of Canada is printing money and throwing it out the window, stand next to the window.

Get-rich-quick trick number four: Get into one of the fastest-growing industries in Canada. Yes, the economy is collapsing, but there are two industries that are on fire. The first is to become a consultant for the government. Since this Prime Minister took office, the federal government consulting budget has grown from $8 billion to $16 billion. For those Liberals over there who are missing their calculators, that is a 100% increase. People can get in on some of that cash.

These are the kinds of jobs people can do these days, working from their living room, in their pyjamas, on Zoom: consulting; writing, for example, presentations that nobody ever sees; making up buzzwords that nobody even understands; doing PowerPoint presentations that no one will ever look at. It is 100% growth, and they can get in on some of that $16 billion too.

Get-rich-quick trick number five is the fastest-growing industry in Canada, in fact, faster than the consultants. This industry is lobbying. Under the previous Harper government, there were 9,300 lobbying interactions in 2015. Last year, there were 28,000, a 200% increase in paid lobbying interactions.

What is a lobbyist? People have heard of stockbrokers, real estate brokers and insurance brokers. A lobbyist is a power broker. For the most part, it is someone whom people can hire. They can pay them and turn their money into power and that power into even more money. If people want a loan, a grant, a handout, a regulatory protection or some other political favour to get rich, they hire a lobbyist.

This industry is on fire for a very specific reason. Why? Because it is a product of government. The bigger a government gets, the more lobbyists it needs. Therefore, as government has almost doubled in size over the last five years, so too has the lobbying industry grown. Why? Because businesses want a return on investment. If there is money in software, they invest in technology; money in copper, they invest in mining; money in government, they invest in lobbying. The correlation between lobbying and government spending is almost a perfect match, not just here but also in the United States. As the government in Washington grosses a share of the GDP, so too does the amount corporations spend on lobbying that government.

They go where the money is, and you should too, Madam Speaker. That is why I am letting you in on these five secret tricks. I am not asking for anything in return, except from time to time you might let me speak a bit more than otherwise would be allowed. That is a small price to pay for the kind of big money you are going to be making with these five easy tricks that I am sharing here and now.

How does any of this make sense? We were told by Mark Carney that greed would be gone. We just needed to replace that nasty free market economy, which is motivated only by self-interest, with the altruistic power of the state. What, in fact, is the state? The state is just legalized force. It is the only entity that can apply force. Would they not think that someone who is greedy and self-interested would be less greedy and self-interested if they were acting through a creature that operates by power and force? It means that socialists have been trying to teach us for all these years that if we expand the power of the state, all of a sudden we will bring out altruism, that the weak and the poor will be advantaged. In what relationship of force have the weak and poor ever been advantaged? Of course, the weak and poor are disadvantaged and the powerful and strong get ahead when force is applied.

We know that the same base instincts will exist when the state gets big. As Macaulay wrote:

Where'er ye shed the honey, the buzzing flies will crowd;
Where'er ye fling the carrion, the raven's croak is loud;
Where'er down Tiber garbage floats, the greedy pike ye see;
And wheresoe'er such lord is found, such client still will be.

I notice how he used flies and honey, not bees and honey. Why? Because flies do not make honey. They consume it without producing it. They are the same parasitical creatures that those who get rich off the state are. They do not produce anything. They do not contribute anything. They take without making. If they were bees, they would be contributing. A free market economy is sort of like bees. They cross-pollinate, an aspect of trade and exchange that we see between a customer and a small business, between a worker and an employer, between an investor and an entrepreneur.

That voluntary exchange is coming back, and that is why my five tricks are a limited-time offer. Soon, this state-run economy will be eliminated and replaced with a free enterprise system where everyone will go back to getting ahead by helping others and by improving their country by engaging the voluntary exchange of work for wages, product for payment and investment for interest, a system that makes everybody better off; a system where people have to be truly empathetic because, as entrepreneurs, they cannot improve their own lot unless they sell something to somebody that they want to buy, in other words, unless they make someone else's life better off.

That is the way people will get rich in the future, but for the time being, they have my five quick tricks for getting rich.

Budget Implementation Act, 2021, No. 1Government Orders

June 18th, 2021 / 4:20 p.m.

Yukon Yukon

Liberal

Larry Bagnell LiberalParliamentary Secretary to the Minister of Economic Development and Official Languages (Canadian Northern Economic Development Agency)

Madam Speaker, it is absolutely shameful that the member would accuse the RCMP of partaking in criminal activities. The member should apologize right now to the RCMP.

Budget Implementation Act, 2021, No. 1Government Orders

June 18th, 2021 / 4:20 p.m.

Conservative

Pierre Poilievre Conservative Carleton, ON

Madam Speaker, I did not accuse the RCMP of criminal activity; I accused the Prime Minister of criminal activity. It is a criminal offence to accept a gift or benefit from any person with whom one is doing government business. It is right there in the Criminal Code.

In fact, we complained to the RCMP about this, and the RCMP did not say that the Prime Minister was innocent of the crime; it said that it could not “productively pursue” the investigation. We still do not know what that means, but at some point perhaps the commissioner of the RCMP will explain why it is that she could not “productively pursue” an investigation into the Prime Minister for taking a quarter-million-dollar vacation from someone who was seeking and was given a federal government grant.

Budget Implementation Act, 2021, No. 1Government Orders

June 18th, 2021 / 4:20 p.m.

NDP

Gord Johns NDP Courtenay—Alberni, BC

Madam Speaker, the member heard my colleague for Windsor West speak earlier today about a proposal for an inclusive, safe border task force to find solutions and to give stakeholders and the public confidence to open up the border, but we heard the government today extend that closure until July 21.

Now, many businesses that cater to international tourism, especially indigenous businesses in the north, have been asking for the wage subsidy and the rent assistance program to be extended into next spring. However, we have not heard the Conservatives call for this support, which is critical to the tourism sector and the hospitality industry.

Do the Conservatives support those small businesses that are going to have another summer go by when they are not going to have international visitors and will end up closing up their doors permanently if they do not get these critical supports extended? Do the Conservatives support extending those programs and providing them the support they need to get through the next year?

Budget Implementation Act, 2021, No. 1Government Orders

June 18th, 2021 / 4:20 p.m.

Conservative

Pierre Poilievre Conservative Carleton, ON

Madam Speaker, of course we support small business. We have fought for small business from the very beginning of this crisis, and we will continue to fight for small business, but I would add that the solution is to accelerate the safe reopening of our economy so that those businesses can get their customers back. What they want is customer sales, not permanent dependence on government. They know the government cannot pay the bills forever. What they need is their customers back, and for that to happen, we need to safely reopen the economy as quickly as possible.

Budget Implementation Act, 2021, No. 1Government Orders

June 18th, 2021 / 4:25 p.m.

Conservative

Colin Carrie Conservative Oshawa, ON

Madam Speaker, I want to thank my colleague from Carleton for all his optimism and his five points.

I come from Oshawa, which has a big manufacturing background, and I have been hearing about the Liberals shutting down our manufacturing sector, our softwood lumber sector and our mining sector. The member knows, of course, that Mr. Carney wants to promote Russian pipelines and block Canadian pipelines.

Could the member please explain to Canadian youth who are looking for a good future how modern monetary theory is going to help them get those jobs of the future and how, by 2030, when they own nothing, they will be really happy?

Budget Implementation Act, 2021, No. 1Government Orders

June 18th, 2021 / 4:25 p.m.

Conservative

Pierre Poilievre Conservative Carleton, ON

Madam Speaker, this is a great question.

First of all, MMT, as they call modern monetary theory, can also stand for “more money today” or “magic money tree”. It is this new theory where governments will simply print cash. The central bank creates the cash, sends it over in a Brink's truck every day to the Prime Minister's Office, and he just starts throwing the money around.

What we have now is a bit different. To start with, we do not have a direct sale of debt to the bank. It first gets funnelled through the financial sector in Canada so that it can take a cut and get even richer before that newly printed cash trickles down to the people at the bottom. However, the bottom line is that what we have today is very similar to MMT. It is printing mass sums of cash, which inflates the assets of the rich and raises the consumer prices of the poor. It is a massive new inflation tax that will only help big government, big business and the super-rich at the expense of the working class. That is why we are speaking out against it.

As for Mr. Carney, the member is right. He is part of the World Economic Forum, which the finance minister joins, which says that in 2030, only nine years from now, we will own nothing and we will love it. That is the agenda of these people. Maybe that is why, over the last year, they have done everything in their power to make housing completely unaffordable so that nobody can afford it except them, a small group of landed aristocrats, while the common people are out in the field doing the work. We on this side want to democratize property ownership and make it available to everybody.

Budget Implementation Act, 2021, No. 1Government Orders

June 18th, 2021 / 4:25 p.m.

Bloc

Louise Chabot Bloc Thérèse-De Blainville, QC

Madam Speaker, I am honoured to have these two minutes and 30 seconds to close out this week's debates in the House.

To speak to Bill C-30 would take several hours. In the short time I have today, I will focus on the implementation of the budget. Will this budget meet the needs of individuals, people who are sick, seniors and workers? Will it meet the needs of our most vulnerable? Unfortunately, I have to say no.

The Bloc Québécois opposed the budget from the moment it was presented. There were two elements that we saw as essential in a budget that we had been waiting for for two years and that followed a health crisis and major pandemic. If there was one response that Quebec and the provinces needed, it was to be given the necessary resources to properly care for people, by increasing federal health transfers to 35% of total health spending.

As spokesperson for workers, I must tell the government that, by not doing what was expected, it is abandoning the workers who supported the health care system and treated people. What health care workers need is the knowledge that the federal government is not ignoring them and that it will stop politicizing the issue of health care at their expense.

Budget Implementation Act, 2021, No. 1Government Orders

June 18th, 2021 / 4:25 p.m.

The Assistant Deputy Speaker Carol Hughes

The hon. member will have eight minutes to continue her speech the next time Bill C‑30 is debated in the House.

It being 4:30 p.m., pursuant to order made on Monday, June 14, the House stands adjourned until Monday at 11 a.m. pursuant to Standing Order 24(1).

(The House adjourned at 4:30 p.m.)

The House resumed from June 18 consideration of Bill C-30, An Act to implement certain provisions of the budget tabled in Parliament on April 19, 2021 and other measures, as reported (with amendments) from the committee, and of Motion No. 2.

Budget Implementation Act, 2021, No. 1Government Orders

June 21st, 2021 / noon

Bloc

Louise Chabot Bloc Thérèse-De Blainville, QC

Madam Speaker, thank you for giving me the opportunity to continue the speech I started on Friday.

Does Bill C-30, budget implementation act, 2021, no. 1, provide adequate guarantees to protect workers, to protect the unemployed, to protect sick workers and to treat seniors and their care workers with dignity? As I was saying, the answer is maybe or no.

I would like to use the five minutes I have remaining to talk about sick workers, who were counting on the government to take action after 50 years to extend special EI sickness benefits from 15 weeks to 50 weeks once and for all.

There is no reason for the government to pass up this opportunity, to ignore the testimony and to abandon 150,000 people who benefit every day from sickness benefits, which expire after 15 weeks.

The government decided to take a half step by increasing the benefits to 26 weeks starting in 2022. In the short term, sick workers will have no more than 15 weeks of benefits. We are making a heartfelt plea for the bill to be passed. We heard the evidence; the House of Commons adopted a motion; the bill sponsored by my colleague from Salaberry—Suroît was adopted by a majority; the Standing Committee on Human Resources, Skills and Social Development and the Status of Persons with Disabilities, of which I am the deputy chair, did a clause-by-clause study of the bill on June 17. All that is needed is one last push. We must act, and the government can do so by seeking royal assent. It must do so now.

Unemployed workers had very high expectations. I remind members that, in 2015, the Liberal government promised to overhaul the EI system, which leaves behind 60% of workers. They cannot access it because it discriminates against women, part-time workers, and workers who are ineligible and abandoned by the system.

It took the pandemic to force the government to implement temporary measures. Once again, all the budget offers is a single, 420-hour eligibility requirement for a period of one year. This is urgent. Where is the government? This is not enough. Once again, the government has everything it needs.

The Standing Committee on Human Resources, Skills and Social Development and the Status of Persons with Disabilities conducted a big study on modernizing employment insurance. The committee's report was tabled in the House last week. The government has everything it needs, it has the solutions and has access to all of the analyses on the flaws of the program. However, according to Bill C‑30, there will be another two years of consultations.

I read an article from Radio-Canada in which the Minister of Employment, Workforce Development and Disability Inclusion was saying that the computer system was in need of updates, that modernization could not happen all at once and that we might actually have to wait another seven years. That is preposterous.

It is unbelievable that the government is going to negate all of the efforts that have been made for so long and invest in consultations. The time for consultation is over. We need to sit down at the drawing board and take action. All of the solutions are in place. We need to do this for women, youth and self-employed workers.

Some might think that the crisis is over because there is a glimmer of hope. However, some sectors of the industry are still heavily impacted and still do not have any answers for their workers. They cannot provide any answers in the short term unless the government changes course and takes immediate action to undertake a reform.

We cannot wait any longer. I think that the government has everything it needs. Although some aspects might technically be more difficult because it is a complex system, the government needs to make them more politically desirable and implement a real employment insurance system. Workers are calling for it, as are groups representing unemployed workers and women.

We cannot continue with a system that discriminates against so many workers. I am thinking in particular about the many regions of Quebec and Canada that rely on seasonal industries. These workers experience gaps and become impoverished between their two employment periods. If we want to revitalize our regional economies, then we need to recognize the unique situation of seasonal economies and adapt the EI system accordingly so that workers in these industries are not penalized by default.

I would like to quote a witness who appeared before the Standing Committee on Human Resources, Skills and Social Development and the Status of Persons with Disabilities and send a message to the government. The witness said, “Just do it.” It is time to act.

From what columnists are saying, we have probably reached the end of this Parliament. The government could very well trigger an unnecessary election campaign. It will no doubt brag about everything it has done for workers, but we must not lose sight of the fact that the government has not taken any structured, concrete action, even though it has had the means to do so for quite some time now. It has made only empty promises, without any commitments.

Nothing will change as of tomorrow morning for workers who are sick. They will still be entitled to only 15 weeks of benefits, or possibly 26 weeks in 2022. We in the Bloc Québécois are calling on the government to increase sickness benefits to 50 weeks right now, but the government is still asking the unemployed to wait.

The government's Bill C‑30 has many other shortcomings, including the fact that it discriminates against seniors. We asked that a study be done and evidence provided to justify discriminating against seniors between the ages of 65 and 74. Very little information was forthcoming. It is ridiculous—

Budget Implementation Act, 2021, No. 1Government Orders

June 21st, 2021 / 12:10 p.m.

The Assistant Deputy Speaker (Mrs. Alexandra Mendès) Alexandra Mendes

Order. I apologize for interrupting the hon. member.

Budget Implementation Act, 2021, No. 1Government Orders

June 21st, 2021 / 12:10 p.m.

Bloc

Louise Chabot Bloc Thérèse-De Blainville, QC

I am hopeful the government will rise in the House today to take concrete steps for all workers—

Budget Implementation Act, 2021, No. 1Government Orders

June 21st, 2021 / 12:10 p.m.

The Assistant Deputy Speaker (Mrs. Alexandra Mendès) Alexandra Mendes

Questions and comments, the hon. parliamentary secretary.