Mr. Speaker, last week the finance minister said that his tax hike on credit unions would only hit “large credit unions that now rival our banks”.
However, as the Credit Union Central of Canada points out, the largest credit unions have already grown too big to access this credit.
No, the tax hike is aimed squarely at mid-sized credit unions, the credit unions that serve middle-class Canadians in rural communities when the banks will not.
Would the minister commit to learning how credit unions actually work and then reverse this tax hike?