Madam Speaker, I was saying that I am here to represent my constituents, who were frustrated when Bill S-207 was rejected but are happy about Bill C-32, which we are discussing today.
They are happy because this government bill contains precisely the measures my constituents need across every sector. For example, we are delivering on our commitment to make home ownership more affordable for young people and new Canadians with a new tax-free first home savings account that will make it so much easier to save for a down payment. That is very important for young Canadians.
We are delivering on this commitment by doubling the first-time homebuyers' tax credit to help cover the closing costs that come with buying that first home of one's own. We are delivering a multigenerational home renovation tax credit. That is something I am very much looking forward to myself. This will help families across Canada afford to have a grandparent or a family member with a disability move back in if they want to.
We are working to make sure families do not have to choose between taking their child to the dentist and putting food on the table. We are establishing a new quarterly Canada workers benefit, a little-known but important measure for low-income workers. This measure will deliver advance payments and put more money, sooner, into the pockets of our lowest-paid and often most essential workers.
We are providing hundreds of dollars in new targeted support to low-income renters and doubling the GST credit for the next six months.
We are working to deliver lower credit card fees. This is very important for our SMEs, which are often family businesses. That way, they will not have to choose between cutting into their already narrow margins and passing fees on to their customers.
We are taxing share buybacks to make sure that large corporations pay their fair share and to encourage them to reinvest their profits in workers and in Canada.
We are tackling housing speculation and making sure that homes are for Canadians to live in, not a frequently flipped investment asset. That is proof of our respect for the citizens of Canada and Quebec.
That is what we are dealing with, and that is why we must work together here in the House of Commons. That is what Canadians expect of us and why they elected us. They do not want to see frivolous quarrels and they do not want pointless drama. No, Canadians expect us to work together to take concrete action to improve their quality of life.
Bill C-32 includes measures that Canadians are eagerly awaiting, in my riding of Châteauguay—Lacolle and across the country.
I was in Lacolle last weekend, and the mayor asked me a question about Bill S-207. That said, I do not want to stray from the topic at hand.
In my riding of Châteauguay—Lacolle and across the country, people are counting on the government to help them through these tougher economic times. Everyone is feeling the crunch. We are fortunate to have numerous organizations we can count on, such as the Châteauguay Community Centre, La Rencontre châteauguoise, Entraide Mercier, Sourire sans fin and the many volunteer-run centres and services in the region. These organizations help the most disadvantaged on a daily basis. There is also the Société locative d'investissement et de développement social and the Fédération régionale des OSBL d'habitation de la Montérégie et de l'Estrie, which work to offer affordable housing. Some wonderful projects have been implemented in my riding recently thanks to the tireless efforts of these people who work in the field of social housing. That being said, even these organizations are swamped with a growing number of requests from citizens in need.
We need to be there to help our fellow citizens. Canadians expect us to help them by investing in quality of life and by supporting SMEs so that they can continue to operate in a stable environment.
In my riding of Châteauguay—Lacolle, we are very proud of our spirit of entrepreneurship. These SMEs are our partners. They support millions of Canadians by providing jobs that allow them to support their families. Canadians would not want to see us squander our nest egg on cryptocurrency.
What is it with bitcoin? It makes me mad. That is what some members have proposed here in the House and elsewhere.
Our government is aware of the challenges Canadians are facing. Right now, Canadians across the country are feeling the effects of inflation thanks to increased food and rent prices, but they are also worried about the future. It is our role as members of Parliament to reassure them by implementing measures like those in Bill C-32.
We want to continue making life more affordable for people and building an economy that works for all Canadians. It is not complicated. We invest in Canadians in need and ask the wealthiest, especially companies, to pay their fair share. That will help everyone.
The 2022 fall economic statement is focused on building an economy that works for everyone and ensuring that no one is left behind. The investments we are making today will make Canada more sustainable and more prosperous for generations to come.
