This bill was last introduced in the 43rd Parliament, 2nd Session, which ended in August 2021.
Chrystia Freeland Liberal
This bill has received Royal Assent and is now law.
This is from the published bill.
This enactment amends the Income Tax Act to revise the eligibility criteria, as well as the level of subsidization, under the Canada Emergency Wage Subsidy (CEWS) as part of the response to the coronavirus disease 2019. It also extends the CEWS to June 30, 2021. The enactment further amends the Income Tax Act to introduce the Canada Emergency Rent Subsidy (CERS) in order to support those hardest hit by the coronavirus disease 2019. This subsidy provides relief in respect of rent and interest on debt obligations incurred to acquire real property used by businesses, charities and not-for-profit organizations in the course of their businesses or other activities. The rent subsidy is effective as of September 27, 2020.
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.
Chrystia Freeland Liberal University—Rosedale, ON
Mr. Chair, I chose my words very carefully in my speech. I would be happy to read it to the members gathered here tonight. I was very careful in saying, yes there are limits, and that I would have more to say about them later this year, not tonight.
Pierre Poilievre Conservative Carleton, ON
Mr. Chair, she said that her government will “impose those limits upon itself”. Those are her words, not mine. What limits?
Chrystia Freeland Liberal University—Rosedale, ON
Mr. Chair, that is a very fair quote and I meant what I said. I also said I would have more to say later this year in my fall fiscal update. It is not coming tonight.
Pierre Poilievre Conservative Carleton, ON
Mr. Chair, we have unlimited time to hear her limits on the debt.
Chrystia Freeland Liberal University—Rosedale, ON
Mr. Chair, I think our time is actually limited tonight. As I said, I would be happy to read my speech again. I wrote it myself; I am proud of it.
Pierre Poilievre Conservative Carleton, ON
Mr. Chair, well, then just tell us the limit. They are her words.
Chrystia Freeland Liberal University—Rosedale, ON
Mr. Chair, actually, in my speech I was quite clear that I would have more to say about the limits we would impose upon ourselves in the fall economic update, and I am going to stick to those words and that commitment.
Pierre Poilievre Conservative Carleton, ON
Mr. Chair, all right, so there are still no limits.
What percentage of the government's debt is now owned by the Bank of Canada?
Chrystia Freeland Liberal University—Rosedale, ON
Mr. Chair, as the member opposite knows, our government is operating very much within the—
Pierre Poilievre Conservative Carleton, ON
Mr. Chair, what percentage of our debt is owed to the Bank of Canada?
Chrystia Freeland Liberal University—Rosedale, ON
Mr. Chair, as I said, Canada has the fiscal firepower to do what it needs to do. We have the lowest debt-to-GDP ratio—
Pierre Poilievre Conservative Carleton, ON
Mr. Chair, is there a limit to the amount the Bank of Canada can print to lend to the government?
Chrystia Freeland Liberal University—Rosedale, ON
Mr. Chair, I think the member opposite should be very careful not to ask the finance minister questions better addressed to the Bank of Canada. I am aware of the—
