Madam Speaker, I believe that this will be one of the last speeches, if not the last, of this session that is coming to a close.
We have taken a historic step with Bill C-29. I know that one day, when current members are all retired and, like many Canadians, will be able to enjoy the enhanced pension plan, we will remember this historic day when we took a step forward for Canadian society by advancing the rights of seniors, young people, and the middle class. It is a great day for Canada.
I would like to talk about Bill S-4, which concerns another very important issue.
I welcome the opportunity today to speak to Bill S-4, the tax convention and arrangement implementation act, 2016. I know a number of members of the House have spoken already to this important bill. This is in the best interests of Canada. It is about ensuring we grow our economy and tax fairness.
People understand the objective, and I think all members in the House will support the bill. It is the right thing to do for Canada. It is also the smart thing to do for Canadians. Canadians gave us a mandate to grow the economy and ensure we engage with our trading partners, whether it is the state of Israel, Taiwan, or Hong Kong, and work with them to grow our economy. This is what I will talk about today.
I seek the support of all members. They know we need to send our notice before the end of the year in order for these agreements to come into force in 2018. This is very important for Canada and our trade relationships with Taiwan, the state of Israel, and Hong Kong.
As Canada's economy is increasingly intertwined with that of the global economy, the importance of eliminating tax impediments to international trade and investment has grown in importance. I think every member in the House understands that. Whether one sits as a Conservative, NDP, Liberal, or Bloc Québécois, one must understand that it is in our best interest to invest and ensure we have more trade and trade that is fair.
One way to remove these impediments is through tax treaties or double taxation agreements. These treaties are used internationally to eliminate tax barriers to trade and investment.
Canada's network of 92 income tax treaties currently enforces one of the most extensive in the world, and that is something we should be proud of as Canadians. We are a fair trading nation. However, as with any measure of efficiency, there is an ongoing need to update and modernize this network with foreign jurisdictions.
By modernizing our tax treaties and expanding our network, we will help facilitate international trade and make it easier for our treaty partners to invest in Canada. That is the mandate we have been given. The people who sent us to the House expect us to grow the economy, create jobs for Canadians all across our nation, in every riding in our country. They want us to work for them. I hope my colleagues from the NDP, the Bloc, and the Conservatives will support this, because I am sure they too believe in creating jobs for Canadians.
This will help our economy and businesses, and strengthen the middle class. I still believe that everyone in the House should be working with us to help the middle class. There is nothing more important in our country that we can do than to support the middle class, families, youth, and seniors.
On the international scene, the Canadian economy always faces headwinds. However, Canada can count on some solid economic fundamentals in order to seize the opportunities presented by the global economy.
As there are only a few seconds left before we adjourn, I just want to wish every member a merry Christmas. I thank members for working with us to make sure that we do what matters to Canadians.
Let us always remember when we rise in the House and raise our voice to bring something forward that we do it on behalf of the good people who have sent us here to make a difference in their lives, not just for the current state of affairs, but for the future. Canadians expect the best.
To will quote our Prime Minister “better is always possible”, so let us work together in 2017 to make sure we strive to always be at our best, not for ourselves, but for the people we serve who have sent us to Ottawa. These people expect the best out of us, and that is what we will deliver.