Bill C-59

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

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.

Fall Economic Statement Implementation Act, 2023

[Jenica Atwin, Liberal, Parliamentary Secretary to the Minister of Indigenous Services]

Madam Speaker, I greatly thank my colleague for his rousing speech this evening.

I am sure this is on the minds of all members in this chamber: When will the member treat us to another homemade rap video? I would really love to see that.

[Ryan Williams, Conservative, Bay of Quinte, ON]

Madam Speaker, we cannot always flaunt our skills. We say it is thanks to the speNDP helping the government “jiggle jiggle”.

We have so much more we can do in the government, and I think, slogans or not, the main thing we want to do here is work on behalf of Canadians. Canadians are screaming for change. They are screaming for a government that is going to look after them to ensure that they have housing and a good standard of living. No matter what our skill sets are, we will work on behalf of Canadians.

[Heather McPherson, NDP, Edmonton Strathcona, AB]

Madam Speaker, I would like to compliment my colleague on his speech. I certainly did not agree with some of the content, but the volume was there.

Over and over again, he talked about common sense, finding solutions and what we need to do to make Canada better, and I think all of us in this place have that goal. We are all trying to find ways to make Canada better for Canadians. Obviously, we do not always see that in the same way, but that is the goal that we are all here trying to achieve.

From my perspective, I think that my constituents want me to work collaboratively and find ways for solutions. That is why the NDP will often work with the government to bring things such as dental care or pharmacare forward. One of the things that really upset me last week was that I was on the health committee that travelled around the country to look at solutions to the toxic drug crisis we are facing in Canada, and shockingly, when we were in Calgary meeting with people who use drugs and people who help folks who are trying to get off drugs and trying to rehabilitate, no Conservatives came. Not a single Conservative showed up to learn from experts, to learn from medical experts or to learn from people who work in this field. It is shocking, and I wonder how he finds that to be a common-sense solution.

[Ryan Williams, Conservative, Bay of Quinte, ON]

Madam Speaker, I come from Belleville, Ontario, and we are at the centre of an opiate crisis right now. We have a major overdose epidemic. In the last three months, we had 240 overdoses. We had 13 in two hours. We had 23 in two days. As an MP, I have been working with the former Liberal member, the mayor of Belleville, Ontario. I have been working with and talking to community groups and those who are addicted and struggling, as well as police, paramedics and our hospitals.

The problem we have is twofold. We talk about how the NDP has supported the government with bail reform, and the police are saying it does not work. The NDP has supported, especially in B.C., decriminalization, and these community groups are saying that does not work. One of the first things we can do is ensure we give the tools to the police and the community groups that make sure that the criminals who are dealing drugs go to jail and stay in jail, and that those who need help in treatment of addiction get the treatment of addiction so we can bring our loved ones home drug-free.

However, most importantly, the NDP can defeat the government and call an election so we can have these issues come to the open, and we could bring a government back to Canadians that would fix these issues once and for all.

[Louise Chabot, Bloc, Thérèse-De Blainville, QC]

Madam Speaker, that was a very passionate speech. I think the Conservatives have made their stance on the carbon tax abundantly clear. It sank in a few months ago that they do not want it. They want to abolish it. Fortunately, it does not apply in Quebec.

This tax is meant to fight climate change. If the carbon tax goes away, how exactly will the Conservatives fight climate change?

[Ryan Williams, Conservative, Bay of Quinte, ON]

Madam Speaker, we believe in having Canadians create technology that would solve some of these issues.

The big example we have is Ontario, where 20 years ago we had coal-fired gas plants firing up all our electricity, and the provincial government at the time decided to change all of those plants to natural gas plants. I remember when I was a kid growing up, we had smog and poor weather advisories, and those do not exist anymore because the plants were eliminated. We talk about what we can do to replace them. A lot of Canadians do not know that we burn coal in the east coast to fire 80% of our electricity. That is still coal use. Our biggest export to China is coal, so if we just replaced coal with LNG and then gave it to the world, which is screaming for it, as it is burning coal, that would do way more than the government's doing, which is really nothing, for the environment.

[Kevin Waugh, Conservative, Saskatoon—Grasswood, SK]

Madam Speaker, before I get into my speech, I just want to say this. Last week, we lost Darren Dutchyshen. He was only 57 years old. He anchored TSN SportsCentre for decades. Darren was bigger than life. As a former broadcaster, I competed against him in Saskatoon. Darren was the pride and joy of Porcupine Plain, Saskatchewan. To see an individual come from a very small community in this country and make it to the top, the voice of SportsCentre, speaks a lot about Darren Dutchyshen.

I just wanted to say to all the TSN family that it has been a rough week for all the broadcasters in this country. It has been a tough week for us because Darren was, as I said, bigger than life and gone at 57 years of age, which is way too young. We are with him and his family and all of those here tonight. I just wanted to say that, being a former sportscaster. Darren actually came through STV. He competed against me and did very well. He went on to Edmonton, and then made his career for good in the city of Toronto.

It seems funny tonight that I am standing here on the fall economic statement, nine months later in the House, yet the Liberals are blaming the Conservatives for the nine months. They are in charge of the agenda. They could have moved this long before May 21. It is ridiculous. Here we are tonight, May 21, talking about the fall economic statement, which happened eight to nine months ago.

We all know that we are facing a crisis across this country. It is an affordability crisis. It is an inflation crisis and a housing crisis. By the way, tonight was the first time I have heard, in over two years, the Liberals admit that they are at fault for the housing crisis in this country. That is the first step. They have known they have blown the housing industry in the last three years. They have only been in government nine years, but tonight was the first time I listened to a number of MPs who said that they are at fault for the country's dismal housing situation. That is the first time we have heard it. They know it. That is why they are reeling in this country, being 20 points behind in the polls. They have finally listened. They have not done the job for the last nine years, and the public knows it.

We know the root of the crisis. It is the Prime Minister. We heard from the Deputy Prime Minister and their Liberal-NDP government. It is the reckless spending, the red tape, the carbon tax. I heard today that inflation is down to 2.7. The Bank of Canada is still at a big rate, if one goes and borrows money. It is 5%, 6% and 7%. In fact, if one wants a used car, it is 9% and 10%. These rates should have been down long before now. They were going to come down in December or February. They were going to come down in April. We are now hearing that they might not come down. Maybe it will be September. It could be at the end of the year, 2024. These guys across the aisle are flushing money out as fast as they can. They did not need to have a deficit of $39.5 billion this year. There was no need for that.

The families, the small business owners, the single parents, the young graduates who are going to graduate in May and June, and so many others, are struggling today to get by. Do we know what this budget is going to do? To make it worse, this year, $414 billion of Canada's $1.4 trillion in debt will all be refinanced. What did I say about when these guys were spending money at 1.5% and maybe 2%? The interest rates are now at 5%, 6% and 7%, so they go refinance this. The costs are ballooning for all Canadians after nine years of the Prime Minister and nine years of the Liberal-NDP government.

Rent and mortgage payments have doubled across the country. Interest payments, like I mentioned, are sky-high and are not coming down. The cost of living everywhere continues to rise, coast to coast. For two years, Canadians have been suffering from the highest levels of inflation we have seen in decades. We have talked all night long about groceries. Someone goes into the grocery store and gets a bag of groceries. If they are lucky, it is well over $100, and that does not include meat.

The cost of gas is so high. We have encouraged the government to take the taxes off starting now and through to August, to give families a chance to go on a summer trip. However, the government has raised the tax all over this country, and gas is expensive. I think it is going to go to $2 this summer. Right now in Ottawa, it is $1.65. In B.C., it is $1.90 and going up.

The damage that the Prime Minister has done is being felt across the country. I am going to read what some people who have contacted our office through mailers have said. A number of constituents have responded to us. I am going to name them, though I will not name their last names for confidentiality.

Amanda tells me that she is 25 years old. She cannot afford a house today. She and her boyfriend are both professionals but cannot afford a down payment. That is the story. Canadians need a lot of money down now if they going to buy a home in Saskatchewan worth $300,000 plus. Tim and Tanya say that the cost of living is a crisis. They are moving into their 70s and are deeply concerned. Emma says that the current government is a real embarrassment and that our country has a terrible debt issue right now. Elaine has noticed people are starting to lose their homes due to the high interest rates. Luke says that we have big problems with housing, rental prices, rising interest rates and mortgage rates.

However, the one that got me came from Samantha, who wrote to me saying that she is a student, and the rent in Saskatoon has gone up $500 this year. Where is she going to get the extra money? That is a problem we are seeing: students faced with a big increase in rent.

There is another thing that really disturbs me in my province right now because we provide the food for the world. We in Saskatchewan are so proud of our producers who are putting in the crops right now. We have had some rain, which has been good. We are proud of our farmers in Saskatchewan.

What I am not proud of, because of nine years of Liberal neglect, is needing food banks in every community. Small towns are running out of food on their shelves. In Saskatoon alone, there are the head office of Nutrien potash, K+S Potash, and BHP potash, the biggest producers in the world, and 23,000 people a month are visiting our food bank. Let us think of that: 23,000 people a month in a population of less than 300,000. It is disturbing.

I blame the Liberal government for it. It has not done its job in the last nine years. Now it is panicking with about 12 to 18 months left in the mandate that it has. It is even worse with all the long-term consequences, all of the deficit spending and all of the debt we have. I really also worry about the social programs. We are paying more today on debt than we are for health transfers to each of our provinces and our territories.

The federal government will spend over $54 billion servicing the federal debt. That is more than the federal government spends on health care with its transfers. The number is only going to go up. The Prime Minister spends more and more. In saying that, I am disappointed that we are talking about the fall economic plan, as I mentioned, nine months later. It is up to the government to move fast.

I was proud tonight to talk about Darren Dutchyshen.

I was also proud to represent Saskatoon—Grasswood, which will soon be called “Saskatoon South”, as we will not vote for the disastrous Liberal-NDP government.

[Alexis Brunelle-Duceppe, Bloc, Lac-Saint-Jean, QC]

Madam Speaker, I really enjoyed my colleague's speech.

There were a lot of numbers in his speech, which is great. He shared one number that I liked. He talked about the polls and said that the Liberal Party was 20 points behind the Conservative Party in the polls. What he may have forgotten to mention is that there is a place in Canada called Quebec, where the Conservative Party is not first or second, but third in the polls.

My question is quite simple. Is that because the Conservatives see Quebec as a province like the others, or do the Conservatives see Quebec as a distinct society, a nation? Do the Conservatives have anything to offer Quebec that is different from what they have to offer the other provinces?

[Kevin Waugh, Conservative, Saskatoon—Grasswood, SK]

Madam Speaker, yes, as Conservatives, we have a lot of work to do to get votes in Quebec. We know that. We have a good section in Quebec City. We have about 10 Conservatives from that province. We have a great base, but more needs to happen. We understand that. We have some great MPs here. We want more in 2025, if we go to the polls, and I think we can get more. Right now, the polls are very good in Quebec. However, as we know, when we flip the switch, anything can happen during an election time. We have not forgotten about Quebec, and we will be there in 2025.

[Taylor Bachrach, NDP, Skeena—Bulkley Valley, BC]

Madam Speaker, through you to my colleague from Saskatoon—Grasswood, he mentioned the fact that gas prices are going up dramatically this summer, yet that dramatic increase will be totally independent and unaffected by government taxation. What is happening is that the oil and gas companies are once again going to gouge consumers. Every time they unilaterally raise the price of gas by tens of cents on long weekends and over the summer months, Conservatives are absolutely silent, even though the impact of that price gouging far outweighs the impact of any government taxes.

Why do Conservatives give a free ride to the oil and gas companies that are gouging consumers? Interestingly, under a Conservative government, the U.K. put in place an excess profits tax and then took those revenues from the oil and gas companies and drove them into affordability measures to help average folks. However, these Conservatives continually give the oil and gas giants a totally free ride. Why is that?

[Kevin Waugh, Conservative, Saskatoon—Grasswood, SK]

Madam Speaker, it is simple. Canadians want us to cut the tax. Whether it is the carbon tax or the gas tax, they are paying too much right now. I used to drive to B.C., but I cannot afford to anymore, to be honest. I mentioned that the gas prices there are over two dollars, but that socialist provincial government will get its reward this year when it gets kicked out of office once and for all by a new Conservative government.

[John Barlow, Conservative, Foothills, AB]

Madam Speaker, my colleague is very proud of Saskatchewan agriculture, the farmers and ranchers in Saskatchewan and the potash industry there.

One thing that disappointed me in the fall economic statement is that the Liberals keep talking about removing the GST from homebuilding. If they really want to make life affordable, why are they still charging the GST on top of the carbon tax? It is one thing that the carbon tax raises the price of everything, but to put the GST on top of a tax, which is a tax on a tax, is like a double gut punch. It increases the cost of fuel, lumber, home heating and natural gas. The Parliamentary Budget Officer has now said that the GST charged on the carbon tax cost Canadians $400 million last year. What is the impact on my colleague's constituents with respect to a tax on a tax?

[Kevin Waugh, Conservative, Saskatoon—Grasswood, SK]

Madam Speaker, the impact has been great. Two Boston Pizzas have closed in the last month. Why is that? It is because of tax on a tax. Seven to eight restaurants, in the last three months, have come to my office to show me the carbon tax bill and the GST bill. For many of these restaurants, it was $1,300 or $1,400 a month in the cold months of January, February and March. That is a staff member they could have kept on. Instead, with the carbon tax and the GST, they simply have to let people go, or better yet, shut down altogether.

[Simon-Pierre Savard-Tremblay, Bloc, Saint-Hyacinthe—Bagot, QC]

Madam Speaker, are the final two minutes of this Tuesday supposed to be the highlight of the show? Were we meant to save the best for last? If so, I think I am going to disappoint a lot of people, given how little time I have left.

To begin, I would ask for the unanimous consent of the House to split my time.

[The Assistant Deputy Speaker (Mrs. Alexandra Mendès), Alexandra Mendes]

I have received notice from all recognized parties that they are in agreement with this request.

Does the hon. member have unanimous consent to split his time?