Bill C-47

Budget Implementation Act, 2023, No. 1

An Act to implement certain provisions of the budget tabled in Parliament on March 28, 2023

Part 1 implements certain measures in respect of the Income Tax Act and the Income Tax Regulations by
(a) enabling the Canada Revenue Agency (CRA) to use electronic certification of tax and information returns and requiring taxpayers to file electronically in certain circumstances;
(b) doubling the maximum deduction for tradespeople’s tools from $500 to $1,000;
(c) providing that any gain on the disposition of a right to acquire Canadian housing property within a one-year period of its acquisition is treated as business income;
(d) excluding from a taxpayer’s income certain benefits for Canadian Forces members, veterans and their spouses or common-law partners;
(e) exempting from taxation any income earned by the Band Class Settlement Trust in accordance with section 24.05 of the Settlement Agreement entered into on January 18, 2023 relating to the attendance of day scholars at residential schools;
(f) providing an additional payment of the Goods and Services Tax/Harmonized Sales Tax (GST/HST) credit equal to double the amount of the regular January 2023 payment;
(g) providing for automatic, quarterly advance payments of the Canada Workers Benefit;
(h) allowing divorced and separated spouses to open joint Registered Educational Savings Plans and increasing educational assistance amounts under those plans;
(i) extending, by ‚three years, the ability of a qualifying family member to be the plan holder of an individual’s Registered Disability Savings Plan and expanding the definition of “qualifying family member” to include a sister or a brother of the individual;
(j) allowing defined contribution registered pension plans to correct contribution errors and requiring that the contributions or refunds are reported to the CRA for the purpose of correcting the RRSP deduction limit;
(k) modifying reporting requirements in respect of reportable transactions, introducing reporting requirements for notifiable transactions and providing reporting requirements with respect to uncertain tax treatments, as well as extending the reassessment periods applicable to those transactions and creating or modifying penalties for non-compliance with those requirements;
(l) allowing the CRA to share taxpayer information for the purposes of the Canadian Dental Care Plan;
(m) expanding the definition of “dividend rental arrangement” to include “specified hedging transactions” carried out in whole or in part by registered securities dealers;
(n) implementing the Model Reporting Rules for Digital Platforms developed by the Organisation for Economic Co-operation and Development;
(o) requiring annual reporting by financial institutions of the fair market value of registered retirement savings plans and registered retirement income funds;
(p) expanding the permissible borrowing by defined benefit pension plans; and
(q) implementing a number of technical amendments to correct mistakes or inconsistencies and to better align the law with its intended policy objectives.
It also makes related and consequential amendments to the Excise Tax Act , the Tax Rebate Discounting Act , the Air Travellers Security Charge Act , the Excise Act, 2001 , Part 1 of the Greenhouse Gas Pollution Pricing Act and the Electronic Filing and Provision of Information (GST/HST) Regulations .
Part 2 implements certain measures in respect of the Excise Tax Act and a related text by
(a) clarifying that the international transportation of money benefits from Goods and Services Tax/Harmonized Sales Tax (GST/HST) relief and other special rules in the same manner as a service of internationally transporting other kinds of freight;
(b) permitting a pension entity, in specific circumstances, to claim the pension entity rebate or an input tax credit, or to make the pension entity rebate election, after the end of the two-year limitation period;
(c) specifying that cryptoasset mining is generally not considered a supply for GST/HST purposes; and
(d) ensuring that payment card clearing services are excluded from the definition “financial service” under the GST/HST legislation.
Part 3 amends the Excise Act , the Excise Act, 2001 and the Air Travellers Security Charge Act in order to implement two measures.
Division 1 of Part 3 amends the Excise Act and the Excise Act, 2001 in order to temporarily cap the inflation adjustment for excise duties on beer, spirits and wine at two per cent, for one year only, as of April 1, 2023.
Division 2 of Part 3 amends the Air Travellers Security Charge Act to increase the air travellers security charge that is applicable to air travel that includes a chargeable emplanement after April 2024 and for which any payment is made after April 2024.
Part 4 enacts and amends several Acts in order to implement various measures.
Division 1 of Part 4 amends the Bank Act to strengthen the regime for dealing with complaints against banks and authorized foreign banks by, among other things, providing for the designation of a not-for-profit body corporate to be the sole external complaints body. It also makes consequential amendments to the Financial Consumer Agency of Canada Act and related amendments to the Financial Consumer Protection Framework Regulations .
Division 2 of Part 4 amends the Pension Benefits Standards Act, 1985 to, among other things, provide for variable life benefits under a defined contribution provision of a pension plan and amends the Pooled Registered Pension Plans Act to, among other things, provide for variable life payments under pooled registered pension plans. It also makes a consequential amendment to the Canadian Human Rights Act .
Division 3 of Part 4 contains measures that are related to money laundering and to digital assets and other measures.
Subdivision A of Division 3 amends the Proceeds of Crime (Money Laundering) and Terrorist Financing Act to, among other things,
(a) require persons or entities referred to in section 5 of that Act to report to the Financial Transactions and Reports Analysis Centre of Canada information that is related to a disclosure made under the Special Economic Measures Act or the Justice for Victims of Corrupt Foreign Officials Act (Sergei Magnitsky Law) ;
(b) strengthen the registration framework for persons or entities referred in paragraphs 5(h) and (h.1) of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act , which are often referred to as money services businesses;
(c) create two new offences relating to persons or entities who engage in activities for which they are not registered under that Act and the structuring of financial transactions undertaken to avoid reporting obligations under that Act, as well as a new offence relating to reprisals by employers against employees who fulfill obligations under that Act;
(d) facilitate the sharing, between the Minister of Finance, the Office of the Superintendent of Financial Institutions and the Financial Transactions and Reports Analysis Centre of Canada, of information that relates to their respective mandates; and
(e) authorize the Minister of Finance to issue directives to persons and entities referred in section 5 of that Act in respect of risks relating to the financing of threats to the security of Canada.
Subdivision A also amends the Budget Implementation Act, 2021, No. 1 in relation to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act .
Subdivision B of Division 3 amends the Criminal Code to provide for a new warrant authorizing a peace officer or other person named in the warrant to search for and seize digital assets, including virtual currency, as well as to expand the list of offences on the basis of which an examination of information obtained by the Minister of National Revenue under various tax statutes may be authorized. The subdivision also makes related amendments to other Acts.
Division 4 of Part 4 amends the Customs Tariff to extend the expiry date of the General Preferential Tariff and Least Developed Country Tariff to December 31, 2034 and to create a new General Preferential Tariff Plus tariff treatment that will expire on the same date. The Division also aligns direct shipment requirements for tariff treatments under that Act with those that apply to free trade agreements.
Division 5 of Part 4 amends the Customs Tariff to remove Belarus and Russia from the List of Countries entitled to Most-Favoured-Nation tariff treatment.
Division 6 of Part 4 allows the Bank of Canada to apply, despite sections 27 and 27.1 of the Bank of Canada Act , any of its ascertained surplus to its retained earnings until its retained earnings are equal to zero or the ascertained surplus applied to its retained earnings is equal to the losses it incurred from the purchase of securities as part of the Government of Canada Bond Purchase Program.
Division 7 of Part 4 enacts the Canada Innovation Corporation Act . That Act continues the Canada Innovation Corporation, which was established under another Act, as a parent Crown corporation, sets out the Corporation’s purpose to maximize business investment in research and development across all sectors of the economy and in all regions of Canada to promote innovation-driven economic growth and includes transitional provisions. The Division also makes consequential and related amendments to other Acts.
Division 8 of Part 4 amends the Federal-Provincial Fiscal Arrangements Act to authorize additional payments to the provinces and territories.
Division 9 of Part 4 amends the Federal-Provincial Fiscal Arrangements Act to renew the authority to make Equalization and Territorial Formula Financing payments for another five-year period beginning on April 1, 2024 and makes a technical change to improve the accuracy of the programs. It also makes a technical change to the calculation of fiscal stabilization payments. Finally, it provides for the publication of the details of all amounts authorized to be paid under that Act.
Division 10 of Part 4 amends the Special Economic Measures Act , the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and the Justice for Victims of Corrupt Foreign Officials Act (Sergei Magnitsky Law) to strengthen Canada’s ability to take economic measures against certain persons.
Division 11 of Part 4 amends the Privileges and Immunities (North Atlantic Treaty Organisation) Act to, among other things, enable the Paris Protocol to be implemented in Canada.
Division 12 of Part 4 amends the Service Fees Act to, among other things, clarify the definition “fee”, exempt certain fees from the application of that Act, make certain exceptions in that Act applicable only with the approval of the President of the Treasury Board, make certain changes to the annual adjustment provisions and provide authority for the President of the Treasury Board to amend the regulations made under section 22 of that Act by taking into account the factors established by regulations.
It also amends section 25.1 of the Canadian Food Inspection Agency Act to provide for the application of sections 16 to 18 of the Service Fees Act to low-materiality fees, within the meaning of the Service Fees Act , that are fixed under section 24 or 25 of the Canadian Food Inspection Agency Act .
Division 13 of Part 4 amends the Canada Pension Plan to allow the Minister of National Revenue to make available information to the Minister of Employment and Social Development that is necessary for the purpose of policy analysis, research or evaluation related to the administration of that Act.
Division 14 of Part 4 amends the Department of Employment and Social Development Act to grant the Minister of Employment and Social Development the authority to collect and use Social Insurance Numbers for the purposes of administering or enforcing any Act, program or activity in respect of which the administration or enforcement is the responsibility of the Minister.
Division 15 of Part 4 amends the Canada Labour Code in respect of leave related to the death or disappearance of a child to, among other things, increase the maximum length of that leave from 104 weeks to 156 weeks and to repeal paragraph 206.5(4)(b) of that Act.
Division 16 of Part 4 amends the Immigration and Refugee Protection Act to provide that a claim for refugee protection made by a person inside Canada must be made in person and, with regard to a claim made by the person other than at a port of entry, that the Minister of Citizenship and Immigration may specify the documents and information to be provided and the form and manner in which they are to be provided.
Division 17 of Part 4 amends the Immigration and Refugee Protection Act to clarify that the Minister of Citizenship and Immigration may give instructions in respect of an application to sponsor a person who applies for a visa as a Convention refugee, within the meaning of that Act, or as a person in similar circumstances.
Division 18 of Part 4 amends the College of Immigration and Citizenship Consultants Act to, among other things,
(a) provide that the College of Immigration and Citizenship Consultants may seek an order authorizing it to administer the property of any licensee of the College who is not able to perform their activities as an immigration and citizenship consultant;
(b) extend immunity against proceedings for damages to directors, employees and agents and mandataries of the College, among others;
(c) authorize the College to enter into information-sharing agreements or arrangements with any entity, including federal or provincial government institutions; and
(d) expand the areas in respect of which the Governor in Council may authorize the College to make by-laws.
The Division also makes related amendments to the Citizenship Act and the Immigration and Refugee Protection Act to clarify that any person who is the subject of a notice of violation issued under either of those Acts has the right to request a review of the notice or the administrative monetary penalty set out in the notice.
Division 19 of Part 4 amends the Citizenship Act to, among other things,
(a) grant the Minister responsible for the administration and enforcement of that Act the power to collect biometric information from persons who make an application under that Act — and to use, verify, retain and disclose that information — in accordance with the regulations;
(b) authorize that Minister to administer and enforce that Act using electronic means, including by using an automated system; and
(c) grant that Minister the power to make regulations requiring persons who make an application or who provide documents, information or evidence under that Act to do so using electronic means.
Division 20 of Part 4 amends the Yukon Act to authorize the Minister of Northern Affairs to take any measures on certain public real property that the Minister considers necessary to prevent, counteract, mitigate or remedy any adverse effect on persons, property or the environment.
Subdivision A of Division 21 of Part 4 amends the Marine Liability Act to, among other things,
(a) increase the maximum liability for certain claims involving a ship of less than 300 gross tonnage;
(b) establish the maximum liability for claims involving air cushion vehicles;
(c) remove all references to the Hamburg Rules;
(d) extend the application of the International Convention on Civil Liability for Bunker Oil Pollution Damage, 2001 to non-seagoing vessels;
(e) provide for public notice requirements relating to the constitution of limitation funds under that Act;
(f) clarify that the owner of a ship is liable for economic loss related to fishing, hunting, trapping or harvesting suffered by an Indigenous group, community or people or suffered by a member of such a group, community or people; and
(g) expand the compensation regime of the Ship-source Oil Pollution Fund to include certain future losses.
Subdivision B of Division 21 amends the Canada Shipping Act, 2001 to, among other things,
(a) expand the application of Part 1 of that Act in relation to certain pleasure craft;
(b) expand the exemption powers of the Minister of Transport and the Minister of Fisheries and Oceans;
(c) allow the owner of a Canadian vessel to enter into an arrangement with a qualified person under which that person is the authorized representative of the vessel;
(d) give the Marine Technical Review Board jurisdiction to make decisions on applications for exemptions from interim orders;
(e) authorize the Governor in Council to incorporate by reference in certain regulations material that the Minister of Transport produces;
(f) broaden the Governor in Council’s power respecting fees, charges, costs or expenses to be paid in relation to the administration and enforcement of matters under that Act for which the Minister of Transport is responsible;
(g) increase the maximum amount of fines for certain offences;
(h) provide authority, in certain circumstances, for the Chief Registrar to refuse to issue a certificate of registry and for the Minister of Transport to refuse to issue a pleasure craft licence;
(i) authorize the Governor in Council to make regulations respecting emergency services;
(j) authorize the Minister of Transport to, among other things,
(i) direct a master or crew member to cease operations,
(ii) authorize the Deputy Minister of Transport to make interim orders in response to risks to marine safety or to the marine environment, and
(iii) direct a port authority or a person in charge of a port authority or place to authorize vessels to proceed to a place selected by the Minister; and
(k) permit designating as violations the contravention of certain provisions of Parts 5 and 10 of that Act and the regulations made under those Parts.
The Subdivision also makes a related amendment to the Oil Tanker Moratorium Act .
Subdivision C of Division 21 amends the Wrecked, Abandoned or Hazardous Vessels Act to, among other things, establish the Vessel Remediation Fund in the accounts of Canada and provide the Minister of Fisheries and Oceans with certain powers in relation to the detention of vessels.
Division 22 of Part 4 amends the Canada Transportation Act to, among other things,
(a) allow the Governor in Council to require air carriers to publish information respecting their performance on their Internet site;
(b) permit the sharing of information to ensure the proper functioning of the national transportation system or to increase its efficiency, while ensuring the confidentiality of that information;
(c) allow the Minister of Transport to require certain persons to provide certain information to the Minister if the Minister is of the opinion that there exists an unusual and significant disruption to the effective continued operation of the national transportation system;
(d) establish a new zone in Manitoba, Saskatchewan and Alberta, in which any interswitching that occurs is subject to the rate determined by the Canadian Transportation Agency, for a period of 18 months; and
(e) broaden the scope of the administrative monetary penalties scheme.
Division 23 of Part 4 amends the Canada Transportation Act to, among other things,
(a) broaden the authority of the Canadian Transportation Agency to set fees and charges to recover its costs;
(b) replace the current process for resolving air travel complaints with a more streamlined process designed to result in more timely decisions;
(c) impose a greater burden of proof on air carriers where it is presumed that compensation is payable to a complainant unless the air carrier proves the contrary;
(d) require air carriers to establish an internal process for dealing with air travel claims;
(e) modify the Agency’s regulation-making powers with respect to air carriers’ obligations towards passengers; and
(f) enhance the Agency’s enforcement powers with respect to the air transportation sector.
Division 24 of Part 4 amends the Customs Act to, among other things,
(a) allow a person arriving in Canada to present themselves to the Canada Border Services Agency by a means of telecommunication, if that manner of presenting is made available at the customs office at which they are presenting themselves; and
(b) subject to the regulations, require that the operator of a commercial aircraft arriving in Canada ensure that baggage on board the aircraft is transported without delay to the nearest international baggage area.
The Division also makes a related amendment to the Quarantine Act .
Division 25 of Part 4 amends the National Research Council Act to, among other things, provide that the National Research Council of Canada may procure goods and services, including goods and services relating to construction and to research-related digital and information technology. It also establishes a new Procurement Oversight Board.
Division 26 of Part 4 amends the Patent Act to, among other things,
(a) authorize the Commissioner of Patents to grant an additional term for a patent if certain conditions are met;
(b) authorize the Governor in Council to make regulations respecting the number of days that is to be subtracted in determining the duration of an additional term; and
(c) authorize the Commissioner of Patents and the Federal Court to shorten the duration of an additional term if the duration as previously determined is longer than is authorized.
Division 27 of Part 4 amends the Food and Drugs Act to extend measures regarding therapeutic products to natural health products in order to, among other things,
(a) strengthen the safety oversight of natural health products throughout their life cycle; and
(b) promote greater confidence in the oversight of natural health products by increasing transparency.
Division 28 of Part 4 amends the Food and Drugs Act to, among other things, prohibit
(a) the sale of a cosmetic unless its safety can be established without relying on data derived from a test conducted on an animal that could cause pain, suffering or injury, whether physical or mental, to the animal, subject to certain exceptions;
(b) the conduct of a test on an animal that could cause pain, suffering or injury, whether physical or mental, to the animal if the purpose of the test is to meet a legislative requirement that relates to cosmetics; and
(c) deceptive or misleading claims, on the label of or in an advertisement for a cosmetic, with respect to testing on animals.
Division 29 of Part 4 enacts the Dental Care Measures Act .
Division 30 of Part 4 amends subsection 41(1) of the Canada Post Corporation Act , in response to the decision in R. v. Gorman , to limit the Canada Post Corporation’s authority to open mail other than letters.
Division 31 of Part 4 expresses the assent of the Parliament of Canada to the issuing by His Majesty of a Royal Proclamation under the Great Seal of Canada establishing for Canada the applicable Royal Style and Titles.
Division 32 of Part 4 amends the Public Sector Pension Investment Board Act to provide that the Public Sector Pension Investment Board may incorporate a subsidiary for the purpose of providing investment management services to the Canada Growth Fund Inc. It also amends the Fall Economic Statement Implementation Act, 2022 to increase the amount that may be paid out of the Consolidated Revenue Fund on the requisition of the Minister of Finance for the acquisition of shares of the Canada Growth Fund Inc. and to provide that the Canada Growth Fund Inc. is not an agent of His Majesty in right of Canada.
Division 33 of Part 4 amends the Office of the Superintendent of Financial Institutions Act , the Trust and Loan Companies Act , the Bank Act and the Insurance Companies Act to, among other things,
(a) expand the mandate of the Office of the Superintendent of Financial Institutions to include the supervision of federal financial institutions in order to determine whether they have adequate policies and procedures to protect themselves against threats to their integrity or security; and
(b) expand the Superintendent of Financial Institutions’ powers to issue directions to, and to take control of, a federal financial institution in certain circumstances.
It also makes a consequential amendment to the Winding-up and Restructuring Act .
Division 34 of Part 4 amends the Criminal Code to, among other things, lower the criminal rate of interest calculated in respect of an agreement or arrangement and to express that rate as an annual percentage rate. It also authorizes the Governor in Council, by regulation, to fix a limit on the total cost of borrowing under a payday loan agreement. Finally, it provides for transitional provisions.
Division 35 of Part 4 amends the Employment Insurance Act to extend, until October 26, 2024, the increase in the maximum number of weeks for which benefits may be paid in a benefit period to certain seasonal workers.
Division 36 of Part 4 amends the Canadian Environmental Protection Act, 1999 to, among other things,
(a) establish an account in the accounts of Canada to be called the Environmental Economic Instruments Fund, for the purpose of administering amounts received as contributions to certain funding programs under the responsibility of the Minister of the Environment; and
(b) replace references to “tradeable units” with references to “compliance units”.
It also makes consequential amendments to the Canada Emission Reduction Incentives Agency Act .
Division 37 of Part 4 amends the Canada Deposit Insurance Corporation Act to clarify that the Canada Deposit Insurance Corporation may administer any contract related to deposit insurance entered into by the Minister of Finance and to allow the Minister to increase the deposit insurance coverage limit until April 30, 2024.
Division 38 of Part 4 amends the Department of Employment and Social Development Act to, among other things,
(a) establish the Employment Insurance Board of Appeal to hear appeals of decisions made under the Employment Insurance Act instead of the Employment Insurance Section of the General Division of the Social Security Tribunal; and
(b) eliminate the requirement for leave to appeal decisions relating to the Employment Insurance Act to the Appeal Division of the Tribunal.
It also makes consequential amendments to other Acts.
Division 39 of Part 4 amends the Canada Elections Act to provide for a national, uniform, exclusive and complete regime applicable to registered parties and eligible parties respecting their collection, use, disclosure, retention and disposal of personal information.

Budget Implementation Act, 2023, No. 1

[Ruby Sahota, Liberal, Brampton North, ON]

Madam Speaker, I listened attentively to the member's speech. There are many things in this budget that are very good for Canadians. I wanted to ask about her opinion on the dental plan, which is now free for children under 12. By the end of this year, we will be expanding it to those with disabilities, seniors and those under 18.

What does the member think about providing this plan for Canadians?

[Raquel Dancho, Conservative, Kildonan—St. Paul, MB]

Madam Speaker, when looking at the budget, I think we all need to be concerned about children and what the future will be for them. On the dental plan, I believe in provincial jurisdiction. Dental is a health care issue. I believe that we need to allow provinces to lead the way on health care issues. I feel that the Liberal government has really waded into provincial jurisdiction way too many times and way too much.

I appreciate the member's question. When we are talking about children, I know that she heard when I mentioned there were multiple deaths by stabbing, notably from those repeat violent offenders I mentioned and talked about at length. Those were children who were murdered. What is her government doing about that in terms of protecting those children and ensuring their future? It is not doing a lot.

[The Assistant Deputy Speaker, NDP, Carol Hughes]

Order.

It is my duty pursuant to Standing Order 38 to inform the House that the questions to be raised tonight at the time of adjournment are as follows: the hon. member for Sherwood Park—Fort Saskatchewan, Government Services and Procurement; the hon. member for Port Moody—Coquitlam, Health; the hon. member for Renfrew—Nipissing—Pembroke, Carbon Pricing.

[Jenny Kwan, NDP, Vancouver East, BC]

Madam Speaker, I am delighted to rise and enter into debate about budget 2023.

There are many issues I want to touch on with the budget, but first and foremost, I must speak about the situation with the housing crisis that Canadians are facing from coast to coast to coast. It does not matter if one is in a large or a small community; there is a housing crisis all across the country.

There are encampments in communities big and small, and unhoused people are in fact dying on the streets, unable to access safe, secure and affordable housing. Long-term renters are getting pushed out of their apartments just so that corporate landlords can turn a bigger profit. Tenants cannot find an affordable home, and prospective homeowners are priced right out of the market.

Housing costs went up 77% under the Harper government and by another $300,000 under the Liberals. Therefore, successive Conservative and Liberal federal governments have abandoned their responsibility to invest in social and co-op housing. They are letting housing profiteering go unchecked right under their noses.

Real estate investment trusts enjoy preferential tax treatment, and the seven largest real estate investment trusts alone have saved a combined $1.5 billion through federal tax loopholes. The Parliamentary Budget Officer just released a report estimating that the federal government will lose another $300 million in taxes over the next four years. Yes, the Liberals are letting corporate landlords profit off Canada's urgent housing crisis by purchasing affordable housing stock and renovicting long-term tenants to jack up rents.

This is what the financialization of housing means, and it has to stop. Housing is a basic human right and not a commodity. Budget 2023 was an opportunity for the Liberal government to tackle the housing crisis and stop wealthy corporate landlords from treating housing like a stock market. Sadly, it fails to take the necessary action to ensure that Canadians' basic right to housing is met.

The Federal Housing Advocate calls the budget a “sorry disappointment.” Previously, the Auditor General issued a damning report stating that the government will not reach its own targets to reduce chronic homelessness. The 25 largest financialized landlords held more than 330,000 units last year, which is nearly 20% of the country's private purpose-built stock of rental apartments. It is time to put people before profits, and the NDP has real solutions to address housing profiteering.

I am calling on the Liberals to take a human rights-based approach to housing, as enshrined in the national housing strategy. The federal government must stop rewarding real estate investment trusts for pushing out long-term tenants and jacking up housing prices. We must end special tax treatment and make them pay their fair share.

It is time for a moratorium on the acquisition of affordable homes by real estate investment trusts and other corporate landlords, which are making big profits while driving up the cost of housing, as well as renovicting and demovicting Canadians. It is time to put housing back into the hands of the people.

The federal government needs to use the taxes from real estate investment trusts and create a non-profit acquisition fund to allow not-for-profits, co-ops and land trust organizations to purchase at-risk rental buildings when they come on the market. There should be no more profiteering, no more renovictions and no more special tax treatment for corporate landlords.

Aside from addressing the issue of the financialization of housing, or profiteering, we need to take other actions as well. The coinvestment fund is a program within the national housing strategy. In the budget, this fund is almost depleted. I had been looking for the government to actually make new investments into the coinvestment fund to support non-profits in the development of social and co-op housing. However, that did not happen.

What the government did was rob Peter to pay Paul; it took repair dollars within that fund to put into the construction arm of the fund. Robbing Peter to pay Paul is actually not going to get projects done. If the government does not replenish the coinvestment fund, we are not going to see those projects become viable; thus, we will not see the much-needed housing develop in the community.

Strangely, the Minister of Housing, with the ministry, decided to put a cap of $25,000 per unit on the dollars that non-profits can access out of the coinvestment fund. In the face of the rising cost of housing, inflationary costs and so on, that cap will only kill projects. It will just mean that the projects cannot be developed. That makes no sense whatsoever. The federal government needs to lift the cap on this requirement.

The NDP also wanted the government to invest in the rapid housing initiative. This is one program that is working relatively well, but we need to make sure that the community knows there is sustainable funding in that stream. Therefore, the NDP called for the government to invest $1.5 billion annually into the rapid housing initiative. Sadly, we did not see that investment either.

One investment in housing that we did see, which the NDP fought tooth and nail for, was this: the “for indigenous, by indigenous” urban, rural and northern housing strategy. For too long, indigenous, Métis and Inuit peoples who have lived away from their home communities have not gotten the housing supports they need. Somehow, the UN Declaration on the Rights of Indigenous Peoples is not recognized when they are away from their home community. This is wrong. Therefore, we have been pushing the government and demanding that action be taken.

I am glad to see that, in this budget, there is an investment of $4 billion over seven years to be made in a for indigenous, by indigenous urban, rural and northern housing strategy. That is a start, I will say, and more needs to be done. This amount of money may sound like a lot, but it is still absolutely deficient when it comes to addressing the housing crisis for urban, rural and northern indigenous, Métis and Inuit peoples in our communities.

We also need to make sure that the government rolls these dollars out quickly. It should not slow-walk or back-end load the program, as it has done with other programs in the national housing strategy. I would also say that it has to be true that the programs are delivered as a for indigenous, by indigenous housing strategy. The government has to hold true on this. We need sustainable funding for this into the long term.

I would also say that, in the budget, I was glad to see what the NDP had pushed for and forced the government to take action on, which is the dental program. I cannot tell members how much seniors in my riding need this program. I have met seniors who have lost their teeth and are unable to afford to get dental services, where they are blending up their food to drink it in order to get the sustenance that they need to stay alive. This is just wrong. Our seniors are desperate for this program, and I am so glad to see that the NDP prioritized this and demanded that the government put forward this dental program. Therefore, at the end of this year, seniors, people with disabilities and people aged 19 and under would be able to access this program, and it is high time that we actually look at health care from head to toe and ensure that people's oral health is taken care of.

I have much more to say about this budget. There are some good parts, and there are some parts that are missing. No matter what, the NDP will continue to use our power to force the government to take action. I will continue to speak up on the things where the government fell short and to fight for the community so that every member has access to fair and equal treatment and can live with dignity in our communities from coast to coast to coast.

[Chad Collins, Liberal, Hamilton East—Stoney Creek, ON]

Madam Speaker, first and foremost, I want to thank the member for her support of the budget and for her advocacy on the housing file. As the member knows, we are going to start the financialization of housing study soon at HUMA. I know the member for Port Moody—Coquitlam, who is the author of that motion, is here tonight. I look forward to that.

I just want to ask a question about social housing and the importance of investing in that. The member mentioned the rapid housing initiative. We have now had three rounds of rapid housing funds that have benefited my municipality, in particular, in my riding, and I know Vancouver has been a leader on the modular-build front. I am anxious to see further investments in that area. Could the member talk about and highlight the benefits of rapid housing and the modular builds that we have seen across the country?

[Jenny Kwan, NDP, Vancouver East, BC]

Madam Speaker, it is important for the federal government to show leadership with a national affordable housing initiative. To that end, we need to cut the red tape. The member knows very well that the federal government's CMHC is not ensuring that programs are delivered. As it is said, projects go to CMHC to die, and that is not good enough. We have to cut the red tape.

Investment needs to be commensurate with the needs in our communities. The federal Liberal government cancelled the national affordable housing program in 1993. As a result of that, we lost more than half a million units of social housing and co-op housing that would otherwise have been built. We need to at least make up for that and then some as part of the solution to addressing the housing crisis.

[Tracy Gray, Conservative, Kelowna—Lake Country, BC]

Madam Speaker, in her speech, the member talked quite a bit about housing. Both of us are from British Columbia, where there is some of the highest housing costs in the country. At committee, when the housing minister was there, a Conservative asked him if he considers our housing situation in Canada a crisis. He would not acknowledge that we have a housing crisis in Canada.

I am wondering if the member can comment on that and what her thoughts are on the fact that the housing minister does not consider that we have a housing crisis in Canada.

[Jenny Kwan, NDP, Vancouver East, BC]

Madam Speaker, there is no question that we have a housing crisis in Canada from coast to coast to coast. It does not matter if it is a small community or a large community, there is a housing crisis.

Both the Liberals and the Conservatives have failed to tackle the issues sufficiently. The reality is that corporate landlords are making a killing. Real estate investment trusts are not paying their fair share of taxes. Why did the Conservatives allow this to happen? Why are the Liberals continuing to allow this to happen? That is why the NDP is saying no more free rides. Real estate investment trusts need to pay their fair share. If that had happened, we would have close to $2 billion that could be invested back into housing to support people in the community.

[Bonita Zarrillo, NDP, Port Moody—Coquitlam, BC]

Madam Speaker, I thank the member so much for her advocacy and work on housing. It is because of the member that we are trying to save so much social housing in the community, but it is still very much at risk.

I wonder if the member could share with the government how much of our affordable housing is really at risk and what the impacts will be if we lose more of it.

[Jenny Kwan, NDP, Vancouver East, BC]

Madam Speaker, I thank the member for her excellent work in advocating for the community, not just on housing but also on disability issues.

I will say this, just so that everybody understands. For every one unit of social housing or co-op housing built by the government, 15 units are lost. That is a significant number. We can never build enough to make up for that loss. That is why we have to stop corporate landlords from taking the affordable housing stock. That is why we have to support non-profits in holding that stock in perpetuity for the community. If we do not do that, housing prices will continue to rise and more and more people will die because they are unhoused and unable to access safe, secure, affordable housing.

[Tracy Gray, Conservative, Kelowna—Lake Country, BC]

Madam Speaker, it is always a privilege to rise on behalf of the residents of Kelowna—Lake Country.

Budget 2023 is titled, on the cover, “A Made-in-Canada Plan”. There is no doubt that this is a Liberal made-in-Canada plan. It features made-in-Canada tax hikes, made-in-Canada inflation, made-in-Canada debt and made-in-Canada deficits.

Budget 2023 would do nothing to make essential government services work as Canadians deserve them to, nor to make ministers and department heads accountable. The Liberal-NDP plan would continue to devalue the paycheques of hard-working people, continue to inflate the costs of gas, groceries and home heating, and continue to cut into the earnings of young families and the savings of seniors through higher taxes and high interest rates.

According to a forecast prepared by the Parliamentary Budget Officer ahead of the budget, the cost of servicing our federal debt was already on course to jump from $24.5 billion to $46 billion by 2028. This is money that would no longer be available to invest in areas Canadians want to see investments in, such as health care, national security and public safety.

A Nanos poll showed 71% of Canadians are concerned with the government's deficits, but the Liberals obviously are not listening to Canadians. It is a budget that devalues the hard work that residents in my community and all Canadians do every day and deflates what our seniors have saved for, while burdening future generations by paying more to service the federal debt instead of paying into the government services and programs that Canadians deserve from their tax dollars.

The Conservatives were clear in what we wanted to see from this budget. First was lower taxes so that workers can bring home powerful paycheques. I am hearing from many of my residents that they are having their work punished through higher taxes, reducing the value of the take-home pay they earn. Second was to bring home lower prices by ending the inflationary debt and deficits that drive inflation and interest rates. The Prime Minister has doubled the national debt, incurring more debt than all past prime ministers combined, with only a portion of that being attributed to COVID programs. Last, we called on the government to tackle the gatekeepers who lock up land, slow down permits and block the next generation from the dream of owning their own homes. Nine in 10 Canadians who do not own a home today say they do not believe they will ever be able to afford one.

These were common-sense measures that a majority of Canadians support. Sadly, the Liberals chose not to proceed with any of them. Budget 2023 will leave Canadians overtaxed, with billions more in debt and at the mercy of continuing inflation.

Leading up to the budget release, the Liberals were talking about fiscal restraint, but it is not just dictionary definitions they are ignoring; the Liberals have broken the promises they made in 2022. The budget abandons the path for balance the finance minister projected just six months ago. It seems like every time the Liberals table a fiscal update or budget, they reference that they will go into deficit in the short term, but they tell us not to worry and to be happy, as everything will be all right. However, here we are eight years later hearing the same tune.

Promises from the Minister of Finance last year to pay off pandemic debt and lower our debt-to-GDP ratio have also been abandoned. Our debt-to-GDP ratio is up. Government spending is now $120 billion higher than prepandemic spending. Budget 2023 promises to find billions in savings in government operations, yet budget 2022's strategic policy review, aimed at finding $9 billion in savings, has already been cancelled. There is no reason to believe the Liberals on this. Just like people's paycheques are evaporating, trust in the government is also evaporating.

Members can just look at the numbers. The consumer debt index shows that British Columbians are the most likely to be on the brink of financial difficulty. The eight consecutive hikes in interest rates to manage Liberal made-in-Canada inflation have left 61% of British Columbians saying they will be in real financial trouble if interest rates go up any higher.

Many people are already saying they are pulling money from their savings just to survive. Polling from Nanos shows 40% of Canadians believe the new federal budget would do a “poor” or “very poor” job of addressing their concerns.

However, I do not need polls to tell me what I hear from residents in my community daily regarding the cost of living. A family in my community put out a public call for empty bottles or cans so they could collect from neighbours because they needed financial help to take their dog to the vet. A local senior recently told me she would like to live alone but has to live with three other people just to get by.

The carbon tax is now 14¢ per litre on Canadians' gas and heating bills. The fiction long peddled by the government of carbon tax rebates covering the cost for families was finally exposed by the Parliamentary Budget Officer. His report showed that the carbon tax will cost the average family between $402 and $847 in 2023 after receiving rebates. Even the Greenpeace activist environment minister agrees that we will be further behind, yet he chooses to hike his carbon tax anyway while missing every GHG emissions target.

Local wineries, breweries, cideries and distilleries in the Okanagan and across Canada are still having their bottom lines eaten away by the excise tax increase of 2%. I met with a local craft distiller in my community who said this will represent a $60,000 hit to his bottom line. That is $60,000 in one year. The government's doubling down on increases in carbon taxes, payroll taxes and excise tax increases leaves families and small businesses poorer.

The Liberals' made-in-Canada inflation continues to take a human toll, as one in five Canadians is skipping meals and food banks are barely keeping up with rising demand. I recently visited the Lake Country Food Bank, where Joy, the executive director, told me that usage is up 36%.

Canadian grocery bills are expected to increase. Canada's 2023 food price report predicts that a family of four will spend up to $1,065 more on food this year. Also, the Liberal made-in-Canada interest rate increases will add $300, $400, $500, $600, $700 or more to mortgage payments per month. Rents will continue to increase as interest rates get passed on to renters.

Anyone receiving some type of government rebate, which means giving people back the tax they pay after it churns through the federal bureaucracy, will see it evaporate. We need a budget that actually helps reduce inflation.

I will also mention, as a shadow minister with employment in her portfolio, that I am disappointed the government is not fulfilling its commitment to reforming EI, as in the minister's mandate letter. This is leading to uncertainty for workers and businesses.

Canada’s housing crisis continues to be of great concern to residents of mine, but the government's new tax-free first home savings account, a new TFSA, is completely useless if one does not have any money to put in it. It is so out of touch.

A recent Angus Reid poll showed that fully one in three Canadians is either in “bad” or ”terrible” shape financially, and 35% are deferring or not making contributions to an RRSP or a TFSA, an increase of 13% since September. However, creating a new TFSA is apparently the bold and innovative idea the Liberals have for addressing the housing crisis.

Since the current federal government took office, the average down payment needed to buy the average house has doubled. The average mortgage payment has doubled. The average cost of rent has doubled. It is no wonder that in a recent Ipsos poll, more than 60% of Canadians who presently do not own a home have given up on ever owning one. Even for those who do, maintaining ownership has become more difficult, with the Bank of Canada holding interest rates and not ruling out more increases. Also, CMHC, in January 2023 data, showed new housing builds at the lowest level since 2020, and Canada now has the lowest number of housing units per 1,000 residents of any G7 country.

This is Canada. This is not the country I grew up in, which had endless opportunities. There was hope. As leaders, we need to give hope and show results, and this budget does neither.

[Dan Albas, Conservative, Central Okanagan—Similkameen—Nicola, BC]

Madam Speaker, I agree with the member on most points. I do not think people will be surprised by that.

She talked about the government's recently announced, or reannounced, homebuyer savings plan. She raises a good point: Many people do not have $8,000 in their back pocket to set aside into a new account.

The government has taken over a year. This was promised in the last budget, and here we are in 2023 and it was available April 1. My information shows that National Bank is the only bank across Canada that has access to it.

Does she believe this is just more marketing from the Liberals and something that really will not help the next generation of homebuyers?

[Tracy Gray, Conservative, Kelowna—Lake Country, BC]

Madam Speaker, this is another example of an announcement, a reannouncement and a rollout that takes forever, which is then fraught with bureaucracy or is not applicable to a lot of people.

I have memories from during the pandemic when some of the programs people could apply for could only be accessed through the major banks. If people dealt with a credit union, they were not allowed to apply, and a lot of people deal with credit unions across the country. This is another example of the government not thinking its programs through. They will not work for most people.

[Gabriel Ste-Marie, Bloc, Joliette, QC]

Madam Speaker, regional flights are very expensive and with the increase in the cost of fuel, ticket prices have continued to increase over the past few years. Instead of proposing measures to make regional flights more affordable, Bill C‑47 is making them more expensive with a significant increase in the air travellers security tax for both international and regional flights. Prices will therefore increase.

What does my hon. colleague think about that? Would it not make sense to at least exempt regional flights from the tax increase?

[Tracy Gray, Conservative, Kelowna—Lake Country, BC]

Madam Speaker, the whole air transport system is a colossal mess, and when we look at what has happened, we see it is because of the government. We have seen lineups at airports beyond compare. We have seen that people are unable to get their passports, and the minister responsible for passports is now saying that people should not even bother applying.

Everything the government touches is a mess and is broken. When it takes anything on, it has shown it really cannot govern and cannot operate. Anything it touches, it seems to break.