Mr. Speaker, governing is about making choices. The Conservatives have chosen to reduce taxes for banks rather than help the hundreds of thousands of seniors who are living in poverty.
For this year alone, Canada's chartered banks racked up record profits of over $20 billion, $10 billion of which will be used for executive bonuses this year. The tax reductions given to the banks this year will exceed $840 million. That is more than enough to lift every Canadian senior above the poverty line.
Why are bonuses for bank executives a higher priority for the government than help for impoverished seniors?