On the amendment, Mr. Chair, thank you very much.
I really want to thank my colleague, Ms. Kwan, for bringing forward this amendment. I know of all of her work on transparency and accountability. Transparency and accountability to Parliament, and to Canadians, are fundamental principles that we support.
However, I want to say that Build Canada Homes, like all Crown corporations, will be subject to strict annual reporting, audit and transparency requirements under existing law. Under part X of the Financial Administration Act, Crown corporations are required to table corporate plans, which are multi-year plans, outlining business activities, investments, mandates, strategic objectives, key initiatives, risk management approaches and expected financial results. Those are very comprehensive documents that are required by law to be provided every year.
Summaries of the plans are tabled annually in Parliament, providing forward-looking information on priorities, performance, targets and resource allocation for parliamentarians and Canadians.
Annual operating and capital budgets are also tabled. They detail activities, investments, revenues, expenses, major capital projects and projected borrowings. This is how we will ensure transparency to Parliament regarding the use of public funds. That is already part of existing legislation.
Finally, the annual financial statements and reports are submitted to the responsible ministers and tabled in Parliament. That is already part of the legislative framework and responsibilities. These financial statements are audited by the Auditor General of Canada to ensure accountability and transparency regarding financial results and performance.
Therefore, the objectives of this amendment are already achieved within the existing legislative framework. From the outset, as a Crown agency, Build Canada Homes will be fully accountable to Parliament, must be transparent about its activities and results, and will be subject to oversight by our committees. That's what Canadians expect, and that's what the law already provides for.
So, when we vote, we will oppose this amendment.