The hon. member.
An Act to amend the Income Tax Act (Canada Emergency Rent Subsidy and Canada Emergency Wage Subsidy)
This bill is from the 43rd Parliament, 2nd session, which ended in August 2021.
This bill is from 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. The Library of Parliament has also written a full legislative summary of the 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.
Bill numbers are reused for different bills each new session. Perhaps you were looking for one of these other C-9s:
Tako Van Popta Conservative Langley—Aldergrove, BC
Madam Chair, I think $10 billion is the answer to the very simple question the member for Carleton put forward to the Minister of Finance. I believe that the Minister of Finance said that the total debt is about $1 trillion. That is a “1” with 12 zeros. Then 1% moves the decimal over two, so it is a “1" with 10 zeros, which I think $10 billion.
Incidentally, that is the number that was being discussed in earlier debate today as the amount of money required to complete the universal pharmacare program. Is my math correct?
Chrystia Freeland Liberal University—Rosedale, ON
Madam Chair, I would really like to ask the Conservatives to be clear with Canadians and maybe even to be clear with themselves as to what they are driving at. We know what the NDP believes in. We know what the Bloc believes in, but the Conservatives right now seem to be struggling. On one hand they are concerned enterprises in their ridings are not getting enough support from the government, but on the other hand they seem obsessed with debt and deficits. Conservatives really owe it—
Tako Van Popta Conservative Langley—Aldergrove, BC
Madam Chair, we are all being kept in suspense. We all want to sleep well tonight.
Is my math correct? Is it $10 billion?
Chrystia Freeland Liberal University—Rosedale, ON
Madam Chair, we are being kept in suspense too. The Conservatives need to decide what they stand for.
Pierre Poilievre Conservative Carleton, ON
Madam Chair, we stand for common sense. The question is, how would a 1% increase in interest rates affect the national debt?
Chrystia Freeland LiberalDeputy Prime Minister and Minister of Finance
Madam Chair, the question is, what is the Conservative Party's policy? Is it a policy of austerity, or is it a policy of supporting businesses?
Pierre Poilievre Conservative Carleton, ON
Madam Chair, earlier the minister called this a hypothetical question. There is nothing hypothetical about the debt. How would an increase in interest rates affect the $1-trillion national debt?
Chrystia Freeland Liberal University—Rosedale, ON
Madam Chair, it is actually a question of policy, a question of philosophy.
Our philosophy is to support businesses. I want to know what the Conservatives' policy is.
Pierre Poilievre Conservative Carleton, ON
Madam Chair, the minister will be able to ask lots of questions once I am on the other side of the House and she is in the opposition. That will be soon.
She is unable to answer questions. Let's try another one. The Auditor General asked for more money so she can audit this government's massive spending. Will the minister give the Auditor General the money she asked for, yes or no?
Jean-Yves Duclos LiberalPresident of the Treasury Board
Madam Chair, I am very happy to say that, in contrast to pre-2015 cuts, the Auditor General's budget was increased in 2018.
That increase made it possible to hire 38 new employees. We are collaborating with the Auditor General and are in constant contact with her.
Pierre Poilievre Conservative Carleton, ON
Madam Chair, will the government give the Auditor General the money she asked for, yes or no?
Jean-Yves Duclos Liberal Québec, QC
Madam Chair, I want to mention that the budget went up by $8.3 million in 2018 compared—