Fall Economic Statement Implementation Act, 2023

An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023

Sponsor

Status

This bill has received Royal Assent and is, or will soon become, 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 measures in respect of the Income Tax Act and the Income Tax Regulations by
(a) limiting the deductibility of net interest and financing expenses by certain corporations and trusts, consistent with certain Organisation for Economic Co-operation and Development and the Group of Twenty Base Erosion and Profit Shifting project recommendations;
(b) implementing hybrid mismatch rules consistent with the Organisation for Economic Co-operation and Development and the Group of Twenty Base Erosion and Profit Shifting project recommendations regarding cross-border tax avoidance structures that exploit differences in the income tax laws of two or more countries to produce “deduction/non-inclusion mismatches”;
(c) allowing expenditures incurred in the exploration and development of all lithium to qualify as Canadian exploration expenses and Canadian development expenses;
(d) ensuring that only genuine intergenerational business transfers are excluded from the anti-surplus stripping rule in section 84.1 of the Income Tax Act ;
(e) denying the dividend received deduction for dividends received by Canadian financial institutions on certain shares that are held as mark-to-market property;
(f) increasing the rate of the rural supplement for Climate Action Incentive payments (CAIP) from 10% to 20% for the 2023 and subsequent taxation years as well as referencing the 2016 census data for the purposes of the CAIP rural supplement eligibility for the 2023 and 2024 taxation years;
(g) providing a refundable investment tax credit to qualifying businesses for eligible carbon capture, utilization and storage equipment;
(h) providing a refundable investment tax credit to qualifying businesses for eligible clean technology equipment;
(i) introducing, under certain circumstances, labour requirements in relation to the new refundable investment tax credits for eligible carbon capture, utilization and storage equipment as well as eligible clean technology equipment;
(j) removing the requirement that credit unions derive no more than 10% of their revenue from sources other than certain specified sources;
(k) permitting a qualifying family member to acquire rights as successor of a holder of a Registered Disability Savings Plan following the death of that plan’s last remaining holder who was also a qualifying family member;
(l) implementing consequential changes of a technical nature to facilitate the operation of the existing rules for First Home Savings Accounts;
(m) introducing a tax of 2% on the net value of equity repurchases by certain Canadian corporations, trusts and partnerships whose equity is listed on a designated stock exchange;
(n) exempting certain fees from the refundable tax applicable to contributions under retirement compensation arrangements;
(o) introducing a technical amendment to the provision that authorizes the sharing of taxpayer information for the purposes of the Canadian Dental Care Plan;
(p) implementing a number of amendments to the general anti-avoidance rule (GAAR) as well as introducing a new penalty applicable to transactions subject to the GAAR and extending the normal reassessment period for the GAAR by three years in certain circumstances;
(q) facilitating the creation of employee ownership trusts;
(r) introducing specific anti-avoidance rules in relation to corporations referred to as substantive CCPCs; and
(s) extending the phase-out by three years, and expanding the eligible activities, in relation to the reduced tax rates for certain zero-emission technology manufacturers.
It also makes related and consequential amendments to the Excise Tax Act and the Excise Act, 2001 .
Part 2 enacts the Digital Services Tax Act and its regulations. That Act provides for the implementation of an annual tax of 3% on certain types of digital services revenue earned by businesses that meet certain revenue thresholds. It sets out rules for the purposes of establishing liability for the tax and also sets out applicable reporting and filing requirements. To promote compliance with its provisions, that Act includes modern administration and enforcement provisions generally aligned with those found in other taxation statutes. Finally, this Part also makes related and consequential amendments to other texts to ensure proper implementation of the tax and cohesive and efficient administration by the Canada Revenue Agency.
Part 3 implements certain Goods and Services Tax/Harmonized Sales Tax (GST/HST) measures by
(a) ensuring that an interest in a corporation that does not have its capital divided into shares is treated as a financial instrument for GST/HST purposes;
(b) ensuring that interest and dividend income from a closely related partnership is not included in the determination of whether a person is a de minimis financial institution for GST/HST purposes;
(c) ensuring that an election related to supplies made within a closely related group of persons that includes a financial institution may not be revoked on a retroactive basis without the permission of the Minister of National Revenue;
(d) making technical amendments to an election that allows electing members of a closely related group to treat certain supplies made between them as having been made for nil consideration;
(e) ensuring that certain supplies between the members of a closely related group are not inadvertently taxed under the imported taxable supply rules that apply to financial institutions;
(f) raising the income threshold for the requirement to file an information return by certain financial institutions;
(g) allowing up to seven years to assess the net tax adjustments owing by certain financial institutions in respect of the imported taxable supply rules;
(h) expanding the GST/HST exemption for services rendered to individuals by certain health care practitioners to include professional services rendered by psychotherapists and counselling therapists;
(i) providing relief in relation to the GST/HST treatment of payment card clearing services;
(j) allowing the joint venture election to be made in respect of the operation of a pipeline, rail terminal or truck terminal that is used for the transportation of oil, natural gas or related products;
(k) raising the input tax credit (ITC) documentation thresholds from $30 to $100 and from $150 to $500 and allowing billing agents to be treated as intermediaries for the purposes of the ITC information rules; and
(l) extending the 100% GST rebate in respect of new purpose-built rental housing to certain cooperative housing corporations.
It also implements an excise tax measure by creating a joint election mechanism to specify who is eligible to claim a rebate of excise tax for goods purchased by provinces for their own use.
Part 4 implements certain excise measures by
(a) allowing vaping product licensees to import packaged vaping products for stamping by the licensee and entry into the Canadian duty-paid market as of January 1, 2024;
(b) permitting all cannabis licensees to elect to remit excise duties on a quarterly rather than a monthly basis, starting from the quarter that began on April 1, 2023;
(c) amending the marking requirements for vaping products to ensure that the volume of the vaping substance is marked on the package;
(d) requiring that a person importing vaping products must be at least 18 years old; and
(e) introducing administrative penalties for certain infractions related to the vaping taxation framework.
Part 5 enacts and amends several Acts in order to implement various measures.
Subdivision A of Division 1 of Part 5 amends Subdivision A of Division 16 of Part 6 of the Budget Implementation Act, 2018, No. 1 to clarify the scope of certain non-financial activities in which federal ‚financial institutions may engage and to remove certain discrepancies between the English and French versions of that Act.
Subdivision B of Division 1 of Part 5 amends the Trust and Loan Companies Act , the Bank Act and the Insurance Companies Act to, among other things, permit federal financial institutions governed by those Acts to hold certain meetings by virtual means without having to obtain a court order and to permit voting during those meetings by virtual means.
Division 2 of Part 5 amends the Canada Labour Code to, among other things, provide a leave of absence of three days in the event of a pregnancy loss and modify certain provisions related to bereavement leave.
Division 3 of Part 5 enacts the Canada Water Agency Act . That Act establishes the Canada Water Agency, whose role is to assist the Minister of the Environment in exercising or performing that Minister’s powers, duties and functions in relation to fresh water. The Division also makes consequential amendments to other Acts.
Division 4 of Part 5 amends the Tobacco and Vaping Products Act to, among other things,
(a) authorize the making of regulations respecting fees or charges to be paid by tobacco and vaping product manufacturers for the purpose of recovering the costs incurred by His Majesty in right of Canada in relation to the carrying out of the purpose of that Act;
(b) provide for related administration and enforcement measures; and
(c) require information relating to the fees or charges to be made available to the public.
Division 5 of Part 5 amends the Canadian Payments Act to, among other things, provide that additional persons are entitled to be members of the Canadian Payments Association and clarify the composition of that Association’s Stakeholder Advisory Council.
Division 6 of Part 5 amends the Competition Act to, among other things,
(a) modernize the merger review regime, including by modifying certain notification rules, clarifying that Act’s application to labour markets, allowing the Competition Tribunal to consider the effect of changes in market share and the likelihood of coordination between competitors following a merger, extending the limitation period for mergers that were not the subject of a notification to the Commissioner of Competition and placing a temporary restraint on the completion of certain mergers until the Tribunal has disposed of any application for an interim order;
(b) improve the effectiveness of the provisions that address anti-competitive conduct, including by allowing the Commissioner to review the effects of past agreements and arrangements, ensuring that an order related to a refusal to deal may address a refusal to supply a means of diagnosis or repair and ensuring that representations of a product’s benefits for protecting or restoring the environment must be supported by adequate and proper tests and that representations of a business or business activity for protecting or restoring the environment must be supported by adequate and proper substantiation;
(c) strengthen the enforcement framework, including by creating new remedial orders, such as administrative monetary penalties, with respect to those collaborations that harm competition, by creating a civilly enforceable procedure to address non-compliance with certain provisions of that Act and by broadening the classes of persons who may bring private cases before the Tribunal and providing for the availability of monetary payments as a remedy in those cases; and
(d) provide for new procedures, such as the certification of agreements or arrangements related to protecting the environment and a remedial process for reprisal actions.
The Division also amends the Competition Tribunal Act to prevent the Competition Tribunal from awarding costs against His Majesty in right of Canada, except in specified circumstances.
Finally, the Division makes a consequential amendment to one other Act.
Division 7 of Part 5 amends the Bankruptcy and Insolvency Act and the Companies’ Creditors Arrangement Act to exclude from their application prescribed public post-secondary educational institutions.
Subdivision A of Division 8 of Part 5 amends the Proceeds of Crime (Money Laundering) and Terrorist Financing Act to, among other things,
(a) provide that, if a person or entity referred to in section 5 of that Act has reasonable grounds to suspect possible sanctions evasion, the relevant information is reported to the Financial Transactions and Reports Analysis Centre of Canada;
(b) add reporting requirements for persons and entities providing certain services in respect of private automatic banking machines;
(c) require declarations respecting money laundering, the financing of terrorist activities and sanctions evasion to be made in relation to the importation and exportation of goods; and
(d) authorize the Financial Transactions and Reports Analysis Centre of Canada to disclose designated information to the Department of the Environment and the Department of Fisheries and Oceans, subject to certain conditions.
It also amends the Budget Implementation Act, 2023, No. 1 in relation to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and makes consequential amendments to other Acts and a regulation.
Subdivision B of Division 8 of Part 5 amends the Criminal Code to, among other things,
(a) in certain circumstances, provide that a court may infer the knowledge or belief or recklessness required in relation to the offence of laundering proceeds of crime and specify that it is not necessary for the prosecutor to prove that the accused knew, believed they knew or was reckless as to the specific nature of the designated offence;
(b) remove, in the context of the special warrants and restraint order in relation to proceeds of crime, the requirement for the Attorney General to give an undertaking, as well as permit a judge to attach conditions to a special warrant for search and seizure of property that is proceeds of crime; and
(c) modify certain provisions relating to the production order for financial data to include elements specific to accounts associated with digital assets.
It also makes consequential amendments to the Seized Property Management Act and the Forfeited Property Sharing Regulations .
Division 9 of Part 5 retroactively amends section 42 of the Federal-Provincial Fiscal Arrangements Act to specify the payments about which information must be published on a Government of Canada website, as well as the information that must be published.
Division 10 of Part 5 amends the Public Sector Pension Investment Board Act to increase the number of directors in the Public Sector Pension Investment Board, as well as to provide for consultation with the portion of the National Joint Council of the Public Service of Canada that represents employees when certain candidates are included on the list for proposed appointment as directors.
Division 11 of Part 5 enacts the Department of Housing, Infrastructure and Communities Act , which establishes the Department of Housing, Infrastructure and Communities, confers on the Minister of Infrastructure and Communities various responsibilities relating to public infrastructure and confers on the Minister of Housing various responsibilities relating to housing and the reduction and prevention of homelessness. The Division also makes consequential amendments to other Acts and repeals the Canada Strategic Infrastructure Fund Act .
Division 12 of Part 5 amends the Employment Insurance Act to, among other things, create a benefit of 15 weeks for claimants who are carrying out responsibilities related to
(a) the placement with the claimant of one or more children for the purpose of adoption; or
(b) the arrival of one or more new-born children of the claimant into the claimant’s care, in the case where the person who will be giving or gave birth to the child or children is not, or is not intended to be, a parent of the child or children.
The Division also amends the Canada Labour Code to create a leave of absence of up to 16 weeks for an employee to carry out such responsibilities.

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-59s:

C-59 (2017) Law National Security Act, 2017
C-59 (2015) Law Economic Action Plan 2015 Act, No. 1
C-59 (2013) Law Appropriation Act No. 1, 2013-14
C-59 (2011) Law Abolition of Early Parole Act
C-59 (2009) Keeping Canadians Safe Act (International Transfer of Offenders)
C-59 (2008) Law Appropriation Act No. 3, 2008-2009

Votes

May 28, 2024 Passed 3rd reading and adoption of Bill C-59, An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023 (Clauses 323 to 341)
May 28, 2024 Passed 3rd reading and adoption of Bill C-59, An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023 (Clauses 320 to 322)
May 28, 2024 Passed 3rd reading and adoption of Bill C-59, An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023 (Clauses 318 and 319)
May 28, 2024 Passed 3rd reading and adoption of Bill C-59, An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023 (Clauses 273 to 277)
May 28, 2024 Passed 3rd reading and adoption of Bill C-59, An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023 (Clauses 219 to 230)
May 28, 2024 Passed 3rd reading and adoption of Bill C-59, An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023 (Clauses 145 to 167, 217 and 218 regarding measures related to vaping products, cannabis and tobacco)
May 28, 2024 Passed 3rd reading and adoption of Bill C-59, An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023 (Clauses 197 to 208 and 342 to 365 regarding amendments to the Canada Labour Code)
May 28, 2024 Passed 3rd reading and adoption of Bill C-59, An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023 (Clauses 137, 144 and 231 to 272 regarding measures related to affordability)
May 28, 2024 Passed 3rd reading and adoption of Bill C-59, An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023 (Clauses 1 to 136, 138 to 143, 168 to 196, 209 to 216 and 278 to 317 regarding measures appearing in the 2023 budget)
May 28, 2024 Failed Bill C-59, An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023 (recommittal to a committee)
May 21, 2024 Passed Concurrence at report stage of Bill C-59, An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023
May 21, 2024 Failed Bill C-59, An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023 (report stage amendment)
May 9, 2024 Passed Time allocation for Bill C-59, An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023
March 18, 2024 Passed 2nd reading of Bill C-59, An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023 (Clauses 323 to 341.)
March 18, 2024 Passed 2nd reading of Bill C-59, An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023 (Clauses 320 to 322; and)
March 18, 2024 Passed 2nd reading of Bill C-59, An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023 (Clauses 318 and 319;)
March 18, 2024 Passed 2nd reading of Bill C-59, An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023 (Clauses 273 to 277;)
March 18, 2024 Passed 2nd reading of Bill C-59, An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023 (Clauses 219 to 230;)
March 18, 2024 Passed 2nd reading of Bill C-59, An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023 (Clauses 145 to 167, 217 and 218 regarding measures related to vaping products, cannabis and tobacco;)
March 18, 2024 Passed 2nd reading of Bill C-59, An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023 (Clauses 197 to 208 and 342 to 365 regarding amendments to the Canada Labour Code;)
March 18, 2024 Passed 2nd reading of Bill C-59, An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023 (Clauses 137, 144 and 231 to 272 regarding measures related to affordability;)
March 18, 2024 Passed 2nd reading of Bill C-59, An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023 (Clauses 1 to 136, 138 to 143, 168 to 196, 209 to 216 and 278 to 317 regarding measures appearing in the 2023 budget;)
March 18, 2024 Failed 2nd reading of Bill C-59, An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023 (reasoned amendment)

Fall Economic Statement Implementation Act, 2023Government Orders

May 22nd, 2024 / 11:55 p.m.

Conservative

Dan Muys Conservative Flamborough—Glanbrook, ON

Mr. Speaker, if you will indulge me for a minute of my four minutes, I offer condolences to my Aunt Freddie and my cousins and their children on the passing of my Uncle Phil earlier this evening, and to my dad and his sisters, for whom he was their older brother. He was a very generous man. He worked very hard. He gave to his community and to his church community. He was loved by his family and he loved his family. He loved Canada and he will be missed.

In the short time I have, I am going to really focus on one aspect of what I was going to speak about as we look at Bill C-59, the fall economic statement from last November. Of course, we have had the federal budget since, and it has only compounded the cost of living issues and housing issues that we are seeing across Canada. Therefore, let me focus on something that I hear so often from constituents in my community and that weighs very heavy on their minds. It is the interest rate increases that have resulted as a consequence of the inflationary spending, the inflationary taxes and the inflationary deficits of the NDP-Liberal government.

Whether it is the $20 billion of inflationary spending that was piled on in the fall economic statement or the $50 billion that was piled on in the recent budget, that has an impact. We know from the report from Scotiabank that 2% of interest rate increases can be attributed to government overspending, and other banks have made the same comment. The CIBC made the same cautionary warning prior to the recent budget.

Flamborough—Glanbrook is on the western edge of the GTA, surrounding the city of Hamilton. It is made up of very fast-growing communities, where people have fled the GTA to buy a house for a more affordable amount than what they could get in Toronto or Mississauga. Communities like Waterdown, Binbrook, Elfrida and Hannon are where first-time homeowners, often young families, new Canadians or even seniors who are looking to retire on modest savings, have seen these alarming rate increases. I hear this from the mortgage brokers. I hear this from constituents. It is an absolute gut punch to see those interest rate increases that have resulted from the policies of the Liberal-NDP government.

We had the report earlier in May from the Bank of Canada, which predicted the very steep incline we are going to see in the next few years in mortgage payments. If it is a variable mortgage, the prediction is for a median monthly payment increase of up to 60%. If it is a fixed mortgage that someone is renewing, the median monthly payment could be increased by up to 20%. That has a devastating impact on household budgets, and that is, again, the consequence of these inflationary policies and the spending by the current government.

In my final few moments, I will just say that hope is on the way. The common-sense Conservative government would cap the spending, fix the budget and axe the tax so that these people in my communities and across Canada could actually afford their mortgage payments, or it is not impacting their rents, so hope is on the way.

Fall Economic Statement Implementation Act, 2023Government Orders

May 23rd, 2024 / midnight

The Deputy Speaker Chris d'Entremont

It being midnight, pursuant to the order made on Wednesday, February 28, this House stands adjourned until later this day at 10 a.m., pursuant to Standing Order 24(1).

(The House adjourned at 12 a.m.)

Fall Economic Statement Implementation Act, 2023Government Orders

May 27th, 2024 / 6:30 p.m.

Winnipeg North Manitoba

Liberal

Kevin Lamoureux LiberalParliamentary Secretary to the Leader of the Government in the House of Commons

Mr. Speaker, when we came to Parliament this morning, we had anticipated that we would be able to talk about some of the needs that Canadians have, and what we see day after day coming from the official opposition are ways in which it can prevent the government from passing important legislation.

It is interesting. Right now, we are dealing with Bill C-59, which is the fall economic statement. I would like the members of the Conservative Party to start looking in a few mirrors, and they would see that they are not reflecting something that Canadians truly want to see take place. As opposed to the Conservative Party's wanting to have a proactive chamber that helps, assists and supports Canadians, they want to prevent virtually any and all legislation from passing. The only way in which the government can get the Conservatives onside with legislation, where they will actually look at any form of seeing it go through without great opposition to it, is if they are shamed into doing it. If the Conservatives are not shamed into doing the responsible thing, more often than not what we will see is a Conservative Party that will do whatever it takes in order to prevent legislation from passing, and we see that in many different forms. We saw some of that even earlier today, when the Conservatives' focus was more on the issue of character assassination than on dealing with the important issues.

What would Bill C-59 do, as an example? One would think that the Conservatives would be a bit more sympathetic to the needs of rural Canadians. Within this legislation, we have the doubling of the top-up for the rebate. That is within the legislation. This legislation should have passed late last year. It is interesting that the Conservatives will stand up and say that we cannot pass legislation and, at the end of the day, it is the Conservative Party that has not realized what Canadians expect of an opposition party in a minority situation.

At the end of the day, we recognize the importance of Canada's middle class and those aspiring to be a part of it. We recognize the importance of generation X and the millennials and the needs that they actually have. Whether it is the budget or the fall economic statement, which we are debating today, the Conservatives, day after day, continue to do what they can to prevent the legislation from passing, as opposed to a government that understands and brings forward legislation that is truly reflective of the values and the needs of Canadians.

I have had the opportunity here and there to add some thoughts in regard to that issue and how we bring forward a budget or the budget implementation bill in the manner in which it is brought forward. We have a Liberal caucus with members of Parliament who consistently are in the communities we represent, often bringing ministers into the constituencies, not only where we represent but even beyond that, so we can funnel back into Ottawa the ideas and the thoughts that we are hearing from Canadians from coast to coast to coast. Therefore, when people look at the important legislation, like budget implementation acts or budget bills in general, people will see that they are a reflection of what we have been told when talking to Canadians and the different stakeholders throughout the country.

That is one of the reasons why we find, more often than not, that Conservatives will actually avoid talking about the substance of the legislation in many ways. They try to cheapen the policy debates and discussions that we have inside the chamber in favour of talking about things like, let us say, bumper stickers and the ideas that they have going forward into the next election. How often do we hear the Conservatives saying they are going to axe the tax? That is it. That is their number one bumper sticker.

We had a party annual general meeting in downtown Winnipeg this past weekend, and I was on one of the MP panels. I was asked a question about how I, as a member of Parliament, would respond to the Conservative Party's simple message of axing the tax. In responding, I said that people need to realize that as a Liberal government, we talk about how we care about Canadians. We talk about things like the dental plan and the pharmacare plan. We talk about the first-ever disability program. We talk about how we are investing in housing. Liberals talk about caring for people. We talk about caring; the Conservatives talk about cutting. If I was to try to amplify that to my constituents, I would be emphasizing the contrast: Conservatives cut; Liberals care. That, to me, is the contrast that we need to say to Canadians is very real and very tangible. I do not say that lightly.

We negotiated with the different provinces about the issue of child care. As an example, going into a federal election, we had a number of signed agreements, and the Conservative Party said it was going to rip up those agreements. Conservatives did not support the child care program. Shortly after the election, we continued to push the issue of child care. At the end of the day, every province and territory came on board. As a direct result, we have a national child care program, as a result of this government. It is reflective of what we were hearing, not only at the doors during the election, but also in between elections. That is a message, as I said, that we brought here to Ottawa. That is how we formulate budgets and fall economic statements. The Conservatives do not support the child care program that we have put forward. They do not support $10-a-day child care. We saw that in terms of going in and going out of the last federal election, because they said they would rip it up. When I spoke to Liberals in the province of Manitoba, that was the type of thing that I talked about. We need to talk about that contrast.

When the Conservative Party says it is going to axe the tax, what it wants to do is misrepresent the facts. There is a rebate. There is a doubling of the top-up rebate for rural Manitobans and rural Canadians. That is there. They are not receiving that because the Conservatives refuse to pass Bill C-59, the fall economic statement. Take a look at the amendment the Conservatives proposed. I think this is the bill where they proposed to delete the short title or some silly thing like that. Why? It is not only because they want to be able to hear me speak more on the issue. It is because they do not want the bill to pass.

There are other aspects within the legislation and within budgetary measures. Let us do the contrast. Let us talk about the misinformation and that whole doubling of the top-up for the rebates. It is a major issue. It is about the environment. It is about getting more money in the pockets of 80% of Canadians, but that is not the messaging that the Conservatives talk about. Even though it is the truth, it is not the messaging. Instead, they say they are going to get rid of the price on pollution or the carbon tax; they are going to kill the carbon tax. Not all provinces have the carbon tax. There is British Columbia, as well as the Province of Quebec; that is a fairly significant percentage of the population in Canada. For those that do, like my home province of Manitoba, 80% of the constituents in Winnipeg North will receive more money as a direct result of the price on pollution. What does that really mean? Sure, there is a carbon tax component to it, but there is also the carbon rebate, and 80%-plus of my constituents are going to receive more money back through the rebate than they are actually paying out in the tax. Why have the program? It is time that polluters paid.

There is a certain element there that we need to amplify, in terms of how we care about the environment and the Conservatives do not. They do not have an idea. They used to. In fact, 95% of the Conservative Party that is sitting over there today, in the last federal election, knocked on doors with a Conservative platform. Inside that platform, if people read it, they will see that the Conservatives actually supported a carbon tax. It was the Conservative Party and its former leader, not the leader before this leader, but the leader before this leader's leader, Erin O'Toole. When Erin O'Toole was the leader, it was a part of his election platform. In his election platform, he went around telling Canadians he was going to have a price on pollution or he was going to put in a carbon tax, but that has changed.

Let us take a look at other things where we can contrast the Government of Canada and the Liberal Party with what the opposition is actually saying. We have a dental care program, which started off with children. Legislation was brought in to support that, whether it was the economic statements or the budget statements, and we appreciate the support that comes from the New Democrats on this, as they have been very strong advocates.

At the end of the day, the dental program is a program that is helping a lot of children. When I spoke on the legislation dealing with this, I can recall talking about how this program would help prevent children from having to go into emergency because of dental-related issues and not getting those issues dealt with. This is going to enable so many more children to get the type of dental services they need, at least in part. The Conservatives opposed that.

We expanded the dental program. The dental program is now also for those 65 and over. I believe that is what it is at right now, and for individuals with disabilities. It is all being rolled out. We are talking about thousands of people who have already benefited from this particular program, and the Conservatives are going to take it all away.

These are the types of examples that I use when I talk about how Liberals care and Conservatives cut. That is the reality.

I cited a couple of examples. I could have talked about housing-related issues and the initiatives the Liberal government has taken. I would challenge any member opposite to tell me another national government that has done more in terms of supporting Canada's housing industry. I can save them the research and tell them, quite frankly, that it has not happened. The government has led the way in working with municipalities, provincial governments, non-profit groups and indigenous people in ensuring that we have a better future with respect to housing and the crisis that we are having to face. Contrast that to the cuts that the Conservative Party is proposing. These are the types of things that really matter to Canadians.

We are aware of the concerns in regards to affordability. When the world was facing inflation, throughout, Canada did reasonably, actually some would argue exceptionally, well in comparison to the G7 countries or even the G20 countries. We did exceptionally well, but we still hit, I believe in June 2022, just over 8%, and it caused a great deal of pain and concern across the country. We reinforced the importance of the Bank of Canada. At the time, the Conservatives were critical of the Bank of Canada. They do not see what is happening around the world and the impact, yet they jump up so easy like jelly beans, and they yell and blame and say how Canada is broken. In reality, they should do a comparison to other countries around the world. From the point of being over 8% back in the summer of 2022 to today, we have now had four consecutive months of reasonable inflation, and it is going down. I think it is down to 2.7%, which is going to help Canadians. It will hopefully lead the way to getting some sort of interest relief in the coming months. However, they try to give a false impression, which is what Conservatives do all the time, but Canada is not broken. Compared to other countries around the world, we are doing well, but we need to continue to improve where we can.

Putting this budget implementation to the side, we can look, from my perspective, at one of the most powerful statements from the Minister of Finance and Deputy Prime Minister, which was when she talked about foreign investment coming into Canada. Canada, on a per capita basis, is number one in the G7, and of all the countries in the world, we were number three on foreign direct investment in the first three quarters of 2023. There is a reason for that.

Fall Economic Statement Implementation Act, 2023Government Orders

May 27th, 2024 / 6:45 p.m.

An hon. member

Oh, oh!

Fall Economic Statement Implementation Act, 2023Government Orders

May 27th, 2024 / 6:45 p.m.

Liberal

Kevin Lamoureux Liberal Winnipeg North, MB

Mr. Speaker, I was just heckled, and it was not parliamentary.

However, I would tell members that we are creating opportunities that would not be there if the government was not prepared to get involved. I am thinking about the tens of thousands of direct and indirect jobs, green jobs, dealing with things such as Volkswagen, Honda and Stellantis, and that is just here in Ontario, in eastern Canada. This industry is being highly motivated to expand because of, in part, the Douglas Ford provincial government, which is a Progressive Conservative government, and I underline the word “progressive” as opposed to the Conservative reform we have here in Ottawa. Working with the government, we are creating those types of opportunities because we are committed to working for Canadians and to having their backs, building a stronger, healthier economy. We have a government that genuinely cares and that is not focused, like the Conservatives are, on cuts.

Fall Economic Statement Implementation Act, 2023Government Orders

May 27th, 2024 / 6:50 p.m.

Conservative

Kelly McCauley Conservative Edmonton West, AB

Mr. Speaker, I want to congratulate the member for Winnipeg North on his inaugural speech in the House. I laugh because he talks so much about delaying legislation, but I do not think anyone has delayed more legislation in the history of the House than the member has with the amount of time he takes up when speaking.

The member talked about foreign direct investment. Today, at the government operations and estimates committee, also known as the mighty OGGO, we heard testimony that one of the problems Canada is facing is that for every dollar of foreign direct investment, we are seeing two dollars to three dollars flee the country in divestment. I wonder if the member opposite can tell us what the Liberals are doing that has damaged the country so badly that for every penny coming in, the government is scaring three pennies out of the country.

Fall Economic Statement Implementation Act, 2023Government Orders

May 27th, 2024 / 6:50 p.m.

Liberal

Kevin Lamoureux Liberal Winnipeg North, MB

Mr. Speaker, one has to always be somewhat careful when talking about statistics. Let me give an example. Stephen Harper was prime minister for 10 years of government, and just under a million or maybe a million jobs were created. We have created over 2.1 million jobs in the same amount of time that Stephen Harper did. That is more than double in the same amount of time as Stephen Harper had in government. That is a pretty important stat, I would suggest.

It is also important to ask why. If we are number one on a per-capita basis in the first three months last year, there has to be a reason. I would suggest that, at least in part, it is because Canada is recognized as a real leader when it comes to trade. No other government in the history of Canada has signed off on more trade agreements with countries than this government. We see the value and the benefits of trade. The Conservatives, on the other hand, were the only ones who voted against the Canada-Ukraine Free Trade Agreement, interestingly enough.

Fall Economic Statement Implementation Act, 2023Government Orders

May 27th, 2024 / 6:50 p.m.

Bloc

Gabriel Ste-Marie Bloc Joliette, QC

Mr. Speaker, Bill C-59 includes more than $12 billion for carbon capture by western oil companies. It also includes $18 billion to help oil companies buy nuclear power plants, known as small modular reactors, to replace the natural gas used to heat the oil sands with polluted water, so that they can save the gas and export it instead, particularly through the Coastal GasLink pipeline.

Bill C‑59 gives the oil industry about $30 billion. Is that the Liberals' environmental plan?

Fall Economic Statement Implementation Act, 2023Government Orders

May 27th, 2024 / 6:50 p.m.

Liberal

Kevin Lamoureux Liberal Winnipeg North, MB

Mr. Speaker, one thing we have recognized since 2015 is that we need to, as an economy, look at ways to build greener jobs and to make those types of investments. The Government of Canada has done astronomical work in being successful at doing that, in terms of investing money. In working with different levels of government and with different stakeholders, there are so many examples I could give to demonstrate that.

Having said that, there are things today that we need to at least respect, to continue to develop and to work on going forward. When we look at the oil and natural gas industry, I believe we are in fact on the right track. We provided a lot of subsidies, for example, for orphaned wells, cleaning up the environment. Do Bloc members consider cleaning up the environment and dealing with orphaned wells a subsidy? If so, would they then say that we should not be cleaning up orphaned wells? I think it is healthy for the environment to do that and to invest in that sort of thing.

Fall Economic Statement Implementation Act, 2023Government Orders

May 27th, 2024 / 6:55 p.m.

Liberal

Parm Bains Liberal Steveston—Richmond East, BC

Mr. Speaker, I heard the member mention many investments. I am happy to talk about housing at all times. There is a rapid housing initiative breaking ground in Richmond, British Columbia, and I would like to know if the member can talk a bit more about what the impacts of housing investments will be across Canada.

Fall Economic Statement Implementation Act, 2023Government Orders

May 27th, 2024 / 6:55 p.m.

Liberal

Kevin Lamoureux Liberal Winnipeg North, MB

Mr. Speaker, I started to talk about how important it is, as members of Parliament, that we get a sense of what is happening in our communities and that we bring those concerns here to Ottawa. I appreciate that it is exactly what the member has done on the issue of housing. As a result, what we see is a government that is looking at not only supporting one area but also supporting a multitude of areas where we recognize housing as being an issue.

We need to work in our communities to bring in programs such as the accelerator fund. We need to be able to ensure there is affordable housing. We need to ensure there is infrastructure being built. We do this, in good part, by working with the different levels of government and by looking at communities, like the City of Winnipeg, which I think is investing around $122 million to help the city to look at zoning and look at ways in which it can make modifications to hopefully build homes faster.

The government is looking at ways we can use federal land banks to build homes faster and looking at ways we can provide purpose-built rentals that are GST-free so that more apartments can be built. These are the types of things being done because we have members like the one who just asked the question and raised this very important issue.

Fall Economic Statement Implementation Act, 2023Government Orders

May 27th, 2024 / 6:55 p.m.

NDP

Laurel Collins NDP Victoria, BC

Mr. Speaker, the member mentioned orphaned wells. When a company goes under, I can understand potentially helping communities clean that up. However, I am curious why the government decided to give out money to companies that are actually making record profits right now and that could be cleaning up their own orphaned wells and why it has also refused to put in the conditions that would make polluters pay. Making polluters pay is a principle the government should stand behind, but instead, it actually pays polluters. It hands out billions of dollars to profitable oil and gas companies. The government is not getting support for the oil and gas industry right. It is buying pipelines, handing out fossil fuel subsidies and missing every single target.

Fall Economic Statement Implementation Act, 2023Government Orders

May 27th, 2024 / 6:55 p.m.

Liberal

Kevin Lamoureux Liberal Winnipeg North, MB

Mr. Speaker, I probably do not have enough time to answer the question in the detail I would like, with regard to having a price on pollution and so forth, but I will pick up on the point about orphaned wells. We all need to recognize that there are orphaned wells and that it is very damaging to our environment. These wells have been there for generations. It is a question of whether we collectively, here in Ottawa, want to take some sort of action that is going to ensure that those orphaned wells are being addressed. If that means the federal government needs to be able to contribute in order to make that a reality, I think it is money well spent. There does need to be a higher sense of accountability from some of our oil companies. I have full confidence in our ministers, whether it is the natural resources minister or the Minister of Environment, to ensure there is a higher sense of accountability going forward on issues such as orphaned wells and the ways in which we can continue to diminish emissions.

Fall Economic Statement Implementation Act, 2023Government Orders

May 27th, 2024 / 7 p.m.

Conservative

Kelly McCauley Conservative Edmonton West, AB

Mr. Speaker, I thought the member for Victoria said “Orson Welles”, and I found a quote from Orson Welles on politics, which reminds me of the member for Winnipeg North: “I have all the equipment to be a politician. Total shamelessness.” I think that is my colleague across the way.

Coming back to the actual issue being debated, Bill C-59, the Parliamentary Budget Officer, in his commentary about the fall economic statement, commented about the lack of transparency from the Liberal government being a concern. One issue I have noticed in the departmental results, which are part of the estimates process, which is eventually part of the statement, is that we see various departments such as the Department of Indigenous Services did not have 67% of its goals set for its priorities. For Veterans Affairs, it was 70%, and for Environment, it was 40%. I wonder if the member could comment on the lack of transparency from his own government on this important issue.