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:
Chrystia Freeland Liberal University—Rosedale, ON
Mr. Chair, I am not afraid of much, and I would like the member opposite to come clean with Canadians. The Conservatives need to decide if they are the party of austerity or they believe in supporting Canadians through this crisis.
Pierre Poilievre Conservative Carleton, ON
Mr. Chair, we believe in supporting Canadians through this crisis. I can answer a question; now let us see if she can try. That is how it is done.
A 1% increase in interest would cost the Canadian taxpayers how much?
Chrystia Freeland Liberal University—Rosedale, ON
Mr. Chair, let me share one motto I had during the NAFTA negotiations. It is a motto that has served us very well. I believe that engaging in hypothetical speculation is never appropriate for a minister of the Crown.
Pierre Poilievre Conservative Carleton, ON
Mr. Chair, does she think it is hypothetical speculation that someday interest rates could go up 1%? Is she telling us that she does not plan for that scenario?
Chrystia Freeland Liberal University—Rosedale, ON
Mr. Chair, as I said in my speech last week, and as I have said a number of times this evening, we will be sharing detailed fiscal projections in the fall economic statement. That is not for tonight.
Pierre Poilievre Conservative Carleton, ON
Mr. Chair, she claims the Bank of Canada is independent, but she also claims she is going to ban the bank from ever raising interest rates, even one percentage point. If she is not going to ban them from doing it, how is she going to stop them from ever raising interest rates?
Chrystia Freeland Liberal University—Rosedale, ON
Mr. Chair, it is highly inappropriate to put words in the mouth of any minister, especially the finance minister, suggesting that there is any form of coercion over our independent central bank.
Pierre Poilievre Conservative Carleton, ON
Mr. Chair, she has now admitted that the bank could raise interest rates in the future. We are back to where we started.
How much would it cost if it raised them just 1%?
Chrystia Freeland Liberal University—Rosedale, ON
Mr. Chair, as I said, it is highly inappropriate that the member said, not insinuated, that our government would in some way coerce the—
Pierre Poilievre Conservative Carleton, ON
Mr. Chair, she cannot answer that question. Let us move to another.
Other than Italy, which G7 country has higher unemployment than Canada?
Chrystia Freeland Liberal University—Rosedale, ON
Mr. Chair, I am delighted to talk about jobs. Canada has recovered 76% of our job losses, and the U.S. is at only 52%.
Pierre Poilievre Conservative Carleton, ON
Mr. Chair, the question was this: Can she name even one country in the G7 other than Italy that has higher unemployment than Canada?
Chrystia Freeland Liberal University—Rosedale, ON
Mr. Chair, the more important, relevant figure is labour force participation. Ours is higher than that of the U.S., Japan, South Korea and Germany. The Economist has a piece this week about Canada's—
