House of Commons Hansard #228 of the 42nd Parliament, 1st Session. (The original version is on Parliament's site.) The word of the day was finance.

Topics

Budget Implementation Act, 2017, No. 2Government Orders

12:35 p.m.

Conservative

Gérard Deltell Conservative Louis-Saint-Laurent, QC

Madam Speaker, I want to pinch myself when I hear an NDP speaker talk about a great program tabled by the Conservatives. I thank him so much. We had many of them.

The philosophical approach of the Conservatives was to let people decide for themselves. This was why we had so many tax credits to help children, families, and those who used transit, those who used buses and metros in big cities. If they wanted to use those, we would help them. This is why we also had some great tax credits for people who were sick. Unfortunately, the Liberal government has failed to recognize that. The government thinks that the best way to deal with people is to tell them what is good for them and what is not good for therm. That is not the way we see things.

We welcome the fact that the NDP supports some of our policies. Two years from now we will apply them again.

Budget Implementation Act, 2017, No. 2Government Orders

12:40 p.m.

Liberal

Rémi Massé Liberal Avignon—La Mitis—Matane—Matapédia, QC

Madam Speaker, the name of my riding is quite long, but I am very proud of it because I represent four RCMs, those of Avignon, La Mitis, Matane, and Matapédia. I will be sharing my time with the member for St. Catharines.

As I was saying, I am the member for Avignon—La Mitis—Matane—Matapédia, which was represented by an opposition member for nearly 25 years. During that whole time, it was represented by a Bloc member. It was a particularly difficult period because we did not have the federal government's ear and were not represented at the decision-making table to make sure that important initiatives were carried out. During that time, particularly the 10 years that the Conservatives were in power, my riding went through some really tough economic times.

Jobs were lost and businesses closed their doors in my region, mainly because of the budget cuts within federal departments and agencies. It was a particularly dark period. That is why I decided to get involved in politics. I told myself that I was going to use my experience to work hard so that my region had a place at the decision-making table. Today, the Liberals are in office because our platform was and still is excellent, as reflected in our previous budgets.

I would like to respond to what my colleague said earlier. To us, the important thing is that the debt-to-GDP ratio, which was 32.5% when we came to power, has gradually gotten smaller. Now it is 30.5%, and it will continue to shrink. That was one thing we promised to do. Based on our projections, that ratio will reach its lowest point since the 1970s. We brought it down to that level thanks to a healthy economy and a plan that is working. Revenues are up, and people are confident, so they are investing and consuming goods, which is a huge help to Canada's economy.

Not long ago, Ms. Lagarde, managing director of the International Monetary Fund, said that she hoped Canada's approach would go viral. That is true, and that is what we would like to see because our plan is working.

As I said before, I represent a riding in the Lower St. Lawrence region that straddles the Gaspé and includes 57 exceptionally vibrant municipalities. The residents of those municipalities have been especially proud these past two years because, thanks to our budget and our platform, we have invested $77 million in various projects there. The region has not seen that kind of investment in years.

We are seeing economic growth. Jobs are being created and the economy is booming. Of course there is still work to be done, but in two years' time, we have managed to attract investments totalling $77 million. I also know that this is going to continue, because there are still some excellent projects on the table. I support them, and my government is going to support them. I can assure the House that we are in an excellent and very positive situation.

Here are some specific examples of projects that have come out of the budget measures we implemented. In my riding, in Sainte-Flavie, right next to the Mont-Joli airport, for those who know the Gaspé region, we have the Maurice Lamontagne Institute, an internationally recognized French-language ocean research institute. Last June, I had the immense pleasure of welcoming the Minister of Fisheries to announce a $27 million investment, which will give the institute the research labs and infrastructure it needs to conduct important research and examine what is happening in our oceans in order to predict trends.

On top of this $27-million investment, the minister also announced more jobs. During the 10 years the Conservative government was in power, this institute was on a downward spiral. Jobs and investment were cut, which worried us greatly. Our announcement was a tangible demonstration of how much our government values research.

On a side note, when we came into office, the Prime Minister released a letter to federal public servants saying that we care about them, that we value research, and that we need their research findings to inform our decision making. This letter took a huge weight off their shoulders. The effect was amazing. Now they are truly motivated.

I was present at the institute when my colleague, the Minister of Fisheries, made the announcement. There was a “Stop Harper” sign outside the building. This is an important anecdote, because the institute needed a chance to turn things around. Now it has that chance, thanks to our investments and the measures we implemented in this budget. Investments are being made, and jobs are now being created. I am very proud that those jobs are in the regions.

There is a major regional airport in my riding, Mont-Joli airport, that makes it possible for me to return to my region as often as possible. Scheduling conflicts can make that a challenge at times, but the airport needed to be developed because it is an important infrastructure that allows workers to travel to our region. We are committed to investing in extending the runway at the Mont-Joli airport. We have also allocated funding for decontaminating the land around the airport so that the City of Mont-Joli can acquire the land and sell it for development.

We have also invested in the environment. For example, the banks of the St. Lawrence have eroded over the years. Obviously, climate change has had a significant impact. Some do not think that climate change is having such a serious or direct impact, but back home there is no denying it. The Minister of the Environment has invested in a project to protect 20 kilometres or so of banks by planting vegetation to shield from the high tides.

Furthermore, we invested in transforming churches into cultural centres. We also invested in our communities. I count myself lucky to have two Mi'kmaq communities in my riding, Listuguj and Gesgapegiag. People in those communities are much happier when we talk to them these days, because the dark days of the Conservative reign are over. I just spent some time with some of them yesterday here in Ottawa. We met with the Minister of Fisheries to talk about some development opportunities. Sizeable investments have been made in their communities, specifically to give them the infrastructure needed for their development.

We also invested in water supply and waste water treatment systems. We also made sizeable investments, in partnership with the Government of Quebec, in our arenas. We have invested in more tourism-oriented projects, such as lookouts, so that when tourists are passing through the Matapédia valley, they can stop and take the time to see the beautiful landscapes along the river. We announced some measures regarding investments in a series of lookouts so that tourists can enjoy the magnificent views in the Matapédia valley.

In Carleton-sur-Mer, thanks to our budget measures, visitors can access the magnificent Mount Saint-Joseph and its beautiful parish church. We are investing several million dollars in this tourist attraction.

In closing, over the past two years, our government has invested a lot of money across Canada. I am particularly proud of our government and our Minister of Finance, and this is only the beginning. We continue to implement our amazing platform.

Budget Implementation Act, 2017, No. 2Government Orders

12:50 p.m.

NDP

Gord Johns NDP Courtenay—Alberni, BC

Madam Speaker, we have a man who goes by the name of Elvis in our community of Port Alberni. Elvis has an alcohol addiction. He used to drink daily, and every day the ambulance, fire department, or police were called to pick him up. They would take him to the hospital and a doctor or a nurse would evaluate him, and sometimes X-ray him. Elvis would then go back to the street. It would cost us roughly $2,000 a day in services to take care of Elvis.

The Port Alberni Shelter Society raised money from the public and community groups and found Elvis a place to stay. It costs us $425 a month for Elvis to live in this place, and he has been living there for five years, saving hundreds of thousands if not millions of taxpayers' dollars.

The government has talked about delivering money to housing, but we are not seeing it, and every community has an Elvis. Every community know this same story. We urgently need to get people off the street and save taxpayers' money. We need to make sure there are no more Elvises waiting for a place to live.

Will the government take seriously and urgently the vulnerable people living on the streets in our communities? We have been waiting for too long.

Budget Implementation Act, 2017, No. 2Government Orders

12:50 p.m.

Liberal

Rémi Massé Liberal Avignon—La Mitis—Matane—Matapédia, QC

Madam Speaker, I would like to thank my colleague for his remarks. He obviously cares about his constituents and the person that he mentioned.

The Government of Canada shares that concern. We have announced and taken steps to invest in infrastructure and affordable housing to give the less fortunate better access to quality housing.

I often talk about my riding. Two or three weeks ago, I was at home in Pointe-à-la-Croix to announce funding to properly renovate a building that houses some 60 affordable housing units for people in the community. I could give other similar examples because this sort of thing is happening all across Canada. We care a lot about this issue.

Investments have been made and others will be made to give Canadians who are not as well off access to affordable housing.

Budget Implementation Act, 2017, No. 2Government Orders

12:50 p.m.

NDP

Richard Cannings NDP South Okanagan—West Kootenay, BC

Madam Speaker, I know the member's government has said a lot of great things about fighting climate change, sentiments that I share. The trouble is, the government's actions have been very inadequate. In fact, we are seeing greenhouse gas levels going in the wrong direction, going up rather than down.

I want to ask the member about one hugely successful program the previous Conservative government started, the ecoENERGY retrofit program. For a small investment, the federal government was able to leverage a lot of spending by people across this country, getting businesses in every community more and more business as a result. I have heard this from builders and businesses in my community.

This program brought down greenhouse gases across this country. However, the current government has refused to bring that program back. It was such a successful program and easy win for everyone, it would get full support within the House if it returned. Why has the government refused to bring it back?

Budget Implementation Act, 2017, No. 2Government Orders

12:50 p.m.

Liberal

Rémi Massé Liberal Avignon—La Mitis—Matane—Matapédia, QC

Madam Speaker, I would like to thank my colleague for his comments. He knows and he said that our government cares about the environment and must make concrete investments to deal with climate change.

To answer his question, I have another real-life example, and I talked about this earlier. Thanks to the program that was implemented by the Minister of Environment and Climate Change, our government was able to invest tens of thousands of dollars to protect some 20 kilometres of the St. Lawrence River shoreline. Plants were planted to protect the bank from high tides. There are many other examples like this.

I would like to remind members that we signed the Paris agreement. There is a lot of work to be done, but it is worth doing and continuing our efforts. I look forward to other announcements like this from the minister.

Budget Implementation Act, 2017, No. 2Government Orders

12:55 p.m.

Liberal

Chris Bittle Liberal St. Catharines, ON

Madam Speaker, I am pleased to rise today to speak in favour of the budget implementation act to implement the second phase of the plan that the minister and government laid out for Canadians in budget 2017. Two years into our mandate from Canadians, it is abundantly clear that the plan we laid out, which the Minister of Finance has been executing, is working. In our riding of St. Catharines, we do not have to look far to see the real impact that our policies are having on our community.

Prior to and since my election, I have had the opportunity to work with many people in great organizations. An example of that is the YWCA Niagara Region, whose representatives I will be meeting later today. I look forward to talking to them about the great work they do in Niagara and across the country. However, prior to my election, they ran an excellent program known as the cardboard house. They set up a cardboard house. We were able to walk through the few rooms in this small house and see the statistics on the poverty levels in Niagara. Prior to my election, one statistic that caught my eye was child poverty in Niagara. That number was 25%. Of the children in the Niagara region, 25% were living in poverty. That is unspeakably and shockingly high.

I was proud to be part of the campaign with our Prime Minister that recognized the plight of child poverty in Canada. During the previous election campaign, we committed ourselves to implementing a policy that would help raise some of those vulnerable Canadian children out of poverty, and in December 2015 we introduced the Canada child benefit as one of our first pieces of legislation as a government. Since July 2016, when the CCB came into effect, it has been helping hundreds of thousands of Canadian children across the country. In St. Catharines alone, as of July 2017, over 15,100 children have received this new and tax-free benefit. In St. Catharines, payments average $600 per month, amounting to more than $5.4 million dedicated to helping some of the most vulnerable and to making life a little easier for middle-class families and those working hard to join them. This is an example of our government listening to Canadians.

This past summer I had an opportunity to participate in a fundraiser run by the YWCA Niagara Region. Prior to that fundraiser, it invited me back to the cardboard house, which was in the Pen Centre, a local mall in St. Catharines. I looked back again through the statistics, and many of them were too high. A lot more work needs to be done. The one statistic that caught my eye was that child poverty in Niagara was no longer 25% but 15%. As I said, that number is still too high, but it is a 40% reduction in child poverty in St. Catharines and the Niagara region within two years. We cannot argue with statistics. It's basic math: the more money we put into the hands of middle-class families and of those who are struggling, the more we reduce poverty. This is the result we get when we listen to Canadians and put in place a plan that is in the best interests of the country.

Reducing poverty and bolstering the middle class was a central tenet of our plan. It was at the core of budget 2016 and continues to be a core guiding principle of budget 2017 and the budget implementation act we are debating today. We do not have to look far to see supportive statements indicating that our plan is working, but I think one supportive statement in particular bears discussion. The Governor of the Bank of Canada is responsible for setting the monetary policy of our central bank. His job is essential to the successful operation of our economy, and his opinion holds enough weight to shift the entire stock market. He is independent, but was appointed on the advice of the former government. During his remarks of July 12, he noted that our economy was strengthening and the economic outlook strong. However, it is interesting to see his reasons for making those remarks. He credited our government's commitment to targeted stimulus spending as the reason for continued growth in our economy. He noted specifically that the Canada child benefit was “highly stimulative”.

We cannot ask for much more validation than that. The Bank of Canada governor, appointed by the previous Conservative prime minister, has credited our plan for growing the economy, which is exactly what we said it would do.

Perhaps the opinion of the Bank of Canada governor is not enough, so let us hear from Greg from St. Catharines.

I ran into Greg on the streets of St. Catharines. He said hello to me and said “Thank you, Chris.” I was perplexed by that and asked why he had said that. He told me that it was because of the Canada child benefit.

Greg's daughter and grandson live with him. While his daughter works, he takes the opportunity to spend a lot of time with his grandson. It is evident the money his daughter receives from the Canada child benefit makes life easier for the entire household. They have more money for groceries, activities, making things just a little easier day by day. These are real constituents benefiting from our plan.

If the governor's comment and Greg's story are not enough, perhaps we should talk about Laura.

Laura is a a single mom in St. Catharines. She works full time, but despite working full time and being a single mom, she gives a lot back to the community. As many parents can attest to, life is hard enough when they have kids. Obviously, as we have talked about on all sides, it is more difficult when there is just one parent. However, for all the single parents out there, life is not always so easy. The CCB helps supplement her income, allowing her to put money where it needs to go, allowing kids to be kids, to play sports, and enjoy outing with friends.

Again, the proof is in the testimonials, and the proof is crystal clear that our plan is working. Bill C-63, which would implement the next phase of budget 2017, will continue to improve the lives of everyday Canadians.

I want to turn for a moment to talk about poverty on a wider scale.

Last week, the finance minister tabled the fall economic update, which included further measures to boost the Canada child benefit. This will continue to contribute positive results to the economy.

However, the minister also made note of a new commitment to the working income tax benefit. Addressing poverty on a wide scale requires addressing the core of the problem. While it was announced that 450,000 new jobs were created since late 2015 and we had the strongest economy in the G7, we must dedicate resources to those Canadians who are down on their luck and need help. The working income tax benefit does just that.

Utilized as a refundable tax credit, the working income tax benefit provides important income support, helping supplement the income of low-income earners. By allowing low-income workers to keep more of their paycheques, the benefit encourages people to enter the workforce and allows them to establish a level of stability, decrease their need for social assistance, and to get back on their feet to break the cycle of poverty.

This has been our goal since the election, advancing an agenda that would serve to expand the middle class and make the lives of Canadians families a little easier.

To recap, today we are debating legislation that would implement the next phase. Our CCB has been successful in its intent to reduce poverty of over 300,000 children. We have witnessed the impact it is having on middle-class families and, as such, we have committed to bolstering it further by tying it to inflation a year early, adding an additional $5.6 billion in support over the next six years.

As I mentioned, our economy is first in the G7 with respect to growth, and the Bank of Canada governor has clearly stated that our policies have contributed to the strength of our economy. Over 450,000 jobs have been created since late 2015 and we are expanding the working income tax benefit to help some of our most vulnerable, giving them the opportunity to regroup and get back on their feet, while not sinking them further into poverty.

These are the types of commitments and policies Canadians expect. The people of St. Catharines have had a direct benefit from our policies. I am proud to be part of that plan and carry this forward. I encourage all members to vote in favour of Bill C-63.

Budget Implementation Act, 2017, No. 2Government Orders

1:05 p.m.

NDP

The Assistant Deputy Speaker NDP Carol Hughes

Before I go to questions and comments, the member mentioned his first name during his speech. I want to advise him that this is not appropriate.

Questions and comments, the hon. member for Sherwood Park—Fort Saskatchewan.

Budget Implementation Act, 2017, No. 2Government Orders

1:05 p.m.

Conservative

Garnett Genuis Conservative Sherwood Park—Fort Saskatchewan, AB

Madam Speaker, in my speech, I will address the issue of the Asian Infrastructure Investment Bank, which is part of this omnibus legislation, but I want to give a member of the government the opportunity to comment on this.

This budget implementation bill authorizes the spending of close to $400 million on Canada getting into the Asian Infrastructure Investment Bank, where we would own less than 1% of the shares. It would be controlled by China as an agent of its foreign policy objectives, ultimately building infrastructure in Asia to advance Chinese strategic objectives.

Does the member feel that it is in the interests of people in St. Catharines to spend close to $400 million for 1% of the shares in a bank that will build infrastructure in Asia as a way of advancing China's strategic objectives?

Budget Implementation Act, 2017, No. 2Government Orders

1:05 p.m.

Liberal

Chris Bittle Liberal St. Catharines, ON

Madam Speaker, what the hon. member has not mentioned is that many other countries have joined, including France and Australia.

What is important to the residents of St. Catharines is getting Canadians to work, getting Canadians to benefit not only within Canada but abroad. We are an exporting nation. There are only 35 million or 36 million of us. We need to look beyond our borders for success. We have done so well at that over our history. We have one of the fastest-growing economies in the G7 because the Canadian brand is strong.

This is an excellent opportunity to build that brand abroad in Asia, where we have some of the largest economies in the world, emerging economies that need infrastructure. This will be an excellent opportunity for Canadian companies to bid on that, create jobs, and, again, grow the middle class.

Budget Implementation Act, 2017, No. 2Government Orders

1:05 p.m.

NDP

Pierre-Luc Dusseault NDP Sherbrooke, QC

Madam Speaker, I thank my colleague for his remarks.

Based on his last answer, it costs $400 million to build a foreign investment bank. I think this is too expensive. There must be some other way to build Canada's brand abroad.

That being said, there is a question I have wanted to ask for some time. As we saw yesterday, the Liberals like to boast that they have lifted 300,000 children out of poverty. What methodology did the Liberals use to come up with this figure? Could my colleague tell us a bit about their calculations?

My colleague loves throwing numbers around, but he does not really give any details about how they calculate these figures. Can he tell us exactly how the Liberals came up with the figure of 300,000 children?

Budget Implementation Act, 2017, No. 2Government Orders

1:05 p.m.

Liberal

Chris Bittle Liberal St. Catharines, ON

Madam Speaker, the number comes from the Library of Parliament's independent study on that.

The member talks about “being rich”. It is rich that he would criticize the CCB. I believe that the plan the NDP ran on would have lifted 80,000 children out of poverty. However, a fight for austerity and to balance the budget at any cost was not a message that resonated with Canadians.

Ours worked. It is proven by independent research. We would be more than happy to share the study by the library with the member. It is having a great impact in my riding, in his riding, and across the country.

Budget Implementation Act, 2017, No. 2Government Orders

1:05 p.m.

Conservative

Garnett Genuis Conservative Sherwood Park—Fort Saskatchewan, AB

Madam Speaker, I have a follow-up to the member's comments earlier with respect to the Asian Infrastructure Investment Bank.

The member talked about the importance of engaging around the world and of building Canada's brand in Asia. I certainly believe it is important for Canada to seek partnerships with like-minded countries in Asia and to seek partnerships that advance our strategic interests.

However, the government is proposing to spend hundreds of millions of dollars on an entity that is fully controlled by China and exists to advance its strategic objectives. That is not building Canada's brand; that is building China's brand in Asia.

Could the member justify that kind of spending, close to $400 million of Government of Canada spending, when people at home would rather see investments that actually benefit them?

Budget Implementation Act, 2017, No. 2Government Orders

1:10 p.m.

Liberal

Chris Bittle Liberal St. Catharines, ON

Madam Speaker, it would be irresponsible for the government to not engage in the largest economy in the world. This will benefit Canadians. This will have results. Our plan is having results and it is working. We have the fastest-growing economy in the G7. I hope the member supports the budget implementation bill.

Budget Implementation Act, 2017, No. 2Government Orders

1:10 p.m.

Conservative

Garnett Genuis Conservative Sherwood Park—Fort Saskatchewan, AB

Madam Speaker, it is a pleasure to rise to address what is indeed a very large piece of legislation, the government's budget implementation act. I hope to have the opportunity later on in my remarks to talk about the general budgetary policy of the government.

However, as deputy shadow minister for foreign affairs, I want to talk about the Asian Infrastructure Investment Bank in particular, and contextualize that a bit with respect to what we in the official opposition think is a better basis for a relationship with countries in Asia and with China.

Before I do that, I will be splitting my time with the excellent member for Renfrew—Nipissing—Pembroke.

Those following along at home can find, on page 239, of their copies of the budget implementation bill the Asian Infrastructure Investment Bank agreement act. Although the bill is long, this section of the bill is relatively short. I would draw it to the attention of members and those who are interested in this. This is the part of the legislation that has the Government of Canada acceding to or joining the Asian Infrastructure Investment Bank.

The Asian Infrastructure Investment Bank is a China-based and China-controlled investment vehicle that builds infrastructure throughout Asia, but does so in a way that is aligned with the strategic interests of the People's Republic of China.

A lot of Canadians would wonder why Canada would be getting into this bank, spending a whole bunch of Canadian dollars to become part of an investment bank that is designed to advance the strategic interests of another country. As I talk about this, I want to be very clear about what I think our relationship should be with China.

In the official opposition, we support strategic engagement with China that reflects our interests and our values. That does not mean trying to have the best possible relationship, or trying to be part of every club or trying to make the other side feel as good as it possibly can about us. Rather, it is about continually looking for opportunities in the context of that relationship which advance our interests and values. We believe that is the approach we ought to take with respect to our relationship with the People's Republic of China.

This section of the budget implementation act would have Canada joining this investment bank. It would provide for Canada's getting about 1% of the shares. China has over 30% of the shares. We would have very little influence or control in the direction.

Paragraph 5 of the division of the bill dealing with the Asian Infrastructure Investment Bank says, “The Governor in Council may, by order, amend the schedule to take into account amendments to the Agreement that are consistent with the purpose and functions of the Bank.” Therefore, this act would provide substantial control to the minister to exercise outside of statutory changes.

Paragraph 7 says:

The Minister of Finance may make payments out of the Consolidated Revenue Fund to the Bank in respect of Canada's initial subscription of shares in an aggregate amount not more than US$ 375,000,000, or any greater amount that is specified in an appropriation Act.

Therefore, this would authorize, as I had said in questions and comments, close to $400 million. I should have specified we are talking about U.S. dollars in that context. We would be spending a lot of taxpayer money to buy shares in this bank that makes investments in Asia in infrastructure and is fundamentally controlled by the People's Republic of China.

There are a lot of problems with that. One problem is simply a basic question of value for taxpayer money. Why would we not be spending that money at home and/or in ways that advance our strategic interests? Why is it somehow necessary for us to have such a good relationship with China that we effectively give it so much money for it to control?

However, this is also a problem because we have major concerns about the transparency of this investment bank and the lack of human rights protections in its activities. These are precisely the concerns that have led our partners, including the United States under the Obama administration, to choose not to participate in this investment bank. Again, this is because they question the value for taxpayer money, and, in particular, they have concerns about transparency and human rights, things that the government talks a great deal about but we do not see much action on.

In that context, I would like to draw the attention of members to this infrastructure bank's engagement in Burma specifically. There has been a great deal of discussion in the House about the human rights abuses happening right now against the Rohingya people, as well as other minorities in Burma. However, Canadian investments in the Asian Infrastructure Investment Bank will be used in projects over which we have no direct control, in environments with significant human rights problems, and without the kind of transparency about those projects or protections in place that we would expect. How do we know how Canadian tax dollars will be used in Burma as a result of our membership of this investment bank? We do not have any kind of transparency or protections around how that money would be used.

There are, of course, alternatives. There are international investment vehicles that build infrastructure and encourage economic development that have the kinds of protections we would expect and that are more aligned with the kinds of strategic objectives Canadians would identify with. We are already participating in those kinds of vehicles. However, for us to choose to spend close to $400 million U.S. on chasing the approval of a foreign power using that money to build infrastructure in Asia, very clearly, is not something that Canadians want.

I challenge members of the government, if they think this is a great idea, to take this particular section of the budget implementation act, buried on page 239, to their constituents, put it in their local papers and ask people in their ridings what they think of it. I suspect that even in very traditional Liberal ridings in this country, members of the government would find that voters do not want close to $400 million, and perhaps more in the future, going toward this particular approach. We should be working to create jobs here in Canada and advancing Canada's strategic objectives and values, but this proposal is fundamentally at odds with our strategic objectives to advance our values vis-à-vis human rights, as I have spoken about, and shows a lack of respect for human rights.

Of course, there are many other things in this budget implementation act that I could speak about, such as the continuing failure of the government to live up to its commitments. Yes, it promised deficits, three years of $10-billion deficits followed by a balanced budget. It has more than doubled its deficit projections for each of the first three years and has no plan to ever return to a balanced budget.

This budget implementation act does not let up on the government's attack on small business. Liberals continue to say, for example, that they will make changes with respect to income sprinkling and passive income that will have a negative impact on small business. I want to be very clear on this issue of income sprinkling. Before the election, there was a structure in place that allowed all Canadians to split their income. It was transparently fair and equal. Couples could share their income with each other for tax purposes, however they earned that income. That reflects the reality that couples share their money. The government did away with income splitting and then tried to use the fact that wage-earners cannot split their income as a justification for not allowing people in small businesses to do it. Why do we not just allow income splitting for everyone?

In particular, for the reasons I spoke about in regard to the infrastructure bank, and also more broadly, in regard to the problems with the government's fiscal agenda, Conservatives oppose this legislation.

Budget Implementation Act, 2017, No. 2Government Orders

1:20 p.m.

Liberal

Chandra Arya Liberal Nepean, ON

Madam Speaker, I noticed that my friend on the other side failed to mention some of the major improvements the government has made. It increased the Canada child benefit, which has led to an increase in GDP and made Canada the best performer among the G7 countries. He talked about the deficit, but he failed to mention our promise to keep the debt to GDP ratio lower than what it was. We are on course to do that. Why does he not recognize those facts?

Budget Implementation Act, 2017, No. 2Government Orders

1:20 p.m.

Conservative

Garnett Genuis Conservative Sherwood Park—Fort Saskatchewan, AB

Madam Speaker, my friend across the way is upset that I did not mention all of the different issues in the budget implementation act. I certainly would take issue with the government's policy with respect to families and I disagree with the member's statement about their impact. However, of course I cannot discuss all of the measures in the budget implementation act. It is very long, if the member has not noticed.

I focused my attention on the particular issue of the Asian Infrastructure Investment Bank. I am sure the member would not want to talk about this in his riding, because if he asked constituents in his riding and other ridings here in Ottawa, I am sure they would not be very keen on seeing hundreds of millions of their tax dollars going to building infrastructure, not here in Canada and not toward advancing Canadian strategic interests, but in Asia as part of a PRC-controlled development bank that does not have the kind of transparency and human rights protections that we need. If the member thinks this is a great idea, I would like to hear him talk about it.

Budget Implementation Act, 2017, No. 2Government Orders

1:20 p.m.

Louis-Hébert Québec

Liberal

Joël Lightbound LiberalParliamentary Secretary to the Minister of Finance

Madam Speaker, it is important to understand that investing in the Asian Infrastructure Investment Bank helps us close the infrastructure gap in the Asia-Pacific region. This could lead to more business opportunities for Canadian businesses. That is one of the reasons we want to renew our involvement on the international stage, the same way we got involved in the World Bank and the Asian Development Bank.

Australia, France, Germany, and the United Kingdom have all invested in the Asian Infrastructure Investment Bank. If it makes sense for these European Union countries, why would it not make sense for Canada and give us access to the same opportunities?

I would like to know what the member thinks about the participation of the other countries I have just mentioned. France, Australia, Germany, and the United Kingdom are all participating in development in Asia, because they recognize that it is important to their national interests.

Budget Implementation Act, 2017, No. 2Government Orders

1:20 p.m.

Conservative

Garnett Genuis Conservative Sherwood Park—Fort Saskatchewan, AB

Madam Speaker, I will note for the benefit of the member that the U.S. is not a member of the bank and that the Obama administration raised concerns about transparency and human rights. This highlights a fundamental difference in the foreign policy approach taken by the government and the official opposition.

The question they want us to ask is, what is everyone else doing, so we can do it too. The question we want to ask is, what is right in terms of our values, and what reflects our national, strategic, and economic interests? On both of these scores it is very clear that this proposal fails.

The parliamentary secretary spoke about the Asian Infrastructure Investment Bank and the World Bank in the same breath, but we have to take a critical approach and look at the differences between these vehicles. One is transparent and seeks to have human rights protections in place, and one transparently does not. It is simply not enough for the government to try to create some kind of equivalence between the values advanced by a PRC-controlled institution and those advanced by a western institution. We should not buy into a false moral equivalency between the kinds of systems that exist or are propagated by these strategic vehicles.

Budget Implementation Act, 2017, No. 2Government Orders

1:25 p.m.

Conservative

Dan Albas Conservative Central Okanagan—Similkameen—Nicola, BC

Madam Speaker, I want to thank the member for his contribution here. I was very impressed that he actually spoke on the budget implementation act. I have seen many Liberal members stand today and not even touch the act itself.

In regard to the Asian infrastructure bank, perhaps he could just reinforce those points. Canadians do want to see infrastructure reinforced here in this country. Could he explain the expectations that many of our constituents have on how their money is spent?

Budget Implementation Act, 2017, No. 2Government Orders

1:25 p.m.

Conservative

Garnett Genuis Conservative Sherwood Park—Fort Saskatchewan, AB

Madam Speaker, Canadians want to see investments in infrastructure here in Canada. I think they do want to see us engaged internationally, but in a way that reflects our values and interests. They do not want us to write blank cheques to institutions that we do not control and that reflect neither our values nor our strategic interests.

Budget Implementation Act, 2017, No. 2Government Orders

1:25 p.m.

Conservative

Cheryl Gallant Conservative Renfrew—Nipissing—Pembroke, ON

Madam Speaker, as the member of Parliament for the upper Ottawa Valley riding of Renfrew—Nipissing—Pembroke, I take this opportunity to thank my constituents for the trust they have placed in me to represent their interests in the Parliament of Canada. I am here to serve them.

Democracy is under attack in Canada with the tabling of Bill C-63, the omnibus bill before this chamber today. It is under attack by a complicated financial piece of legislation that is 254 pages long. The budget bill before us, Bill C-63, should be split into 10 bills, rather than the single bill that was dumped onto Parliament.

Only by allowing the Conservative government-in-waiting, and all Canadians, the opportunity to properly scrutinize government legislation will Canadians be assured that the federal government deficits are not being used to pad the pockets of party insiders. The omnibus bill requires extensive and proper study. Huge dollar amounts are being spent and taxed in this legislation. Canadians, who are alarmed at the constant erosion of their personal liberties, are being over-regulated and overtaxed, and they see this type of interventionist, budget deficit legislation as the wrong direction for Canada.

This legislation claims it will be “closing loopholes surrounding the capital gains exemption on the sale of a principal residence”. What exactly does that mean for the average, middle-class Canadian, who is so unlike the current finance minister? The finance minister controls, through some complicated tax avoidance scheme, a private corporation that owns a villa in the south of France for his personal use and enjoyment, something he conveniently forgot to disclose to the Ethics Commissioner until now. He was forced to confess it after a CBC story outed him, which resulted in his pleading guilty to breaking the law.

For a family struggling to make ends meet and trying to start a business out of their home, does it mean they will lose their personal capital gains exemption? Average, middle-class Canadians cannot afford the cost of setting up complicated tax avoidance schemes using half a dozen numbered companies to hide a French villa, and who knows what else. If their home business fails due to over-regulation and over-taxation, will they get to claim a tax deduction against their high income tax bill?

What will be the dollar value of the tax collections quota that the new tax collectors hired as a result of the most recent economic update are required to shake down from taxpayers? Were they hired to go after home-based businesses or can Canadians expect other tax increases by stealth? For example, there is the decision to go after family owned campgrounds. How many taxes does the Liberal Party intend to collect from closing the so-called personal residence loophole?

Every proposition has a price tag. We know that the government has a figure. Average, middle-class Canadians have a right to know what it is.

What about the line in the bill with respect to beer made from concentrate on the premises where it is consumed? Unlike the finance minister, who heads to his private villa in the south of France to pursue his taste for fine French wine, for the average middle-class, working man, Canadian beer is their beverage of choice. That is certainly the case in the upper Ottawa Valley. The Liberal complaint seems to be that someone might otherwise be getting a slight break on the price of a beer. As usual, the Liberals have the wrong approach and they have hired a bunch of new tax collectors to pursue their wrong approach.

Why is wine made from concentrate not a tax target in Bill C-63? Why is beer only being overtaxed by this finance minister? The Conservative approach to this manufactured excuse to raise taxes on beer is to lower taxes specifically on beer that is already subject to high taxation. In the last few years the upper Ottawa Valley has seen the growth of a vibrant craft brewery trade. Typical of the liberal, deficit-obsessed big government mentality, the success of the craft breweries have made them a Liberal tax target.

A lot of hard work goes into starting a small business, something that is not appreciated by a government that has $212,234 to spend on a glossy front cover for its deficit budget document.

Democracy is under attack in Canada. It is under attack by an arrogant Prime Minister through his refusal to be held accountable during question period in Parliament. It is under attack by his unwillingness to fire his finance minister, who has so far admitted that his personal fortune has increased by $14 million since he took office. I say so far, because Canadians are in the dark as to the full extent to which the finance minister's personal financial holdings have increased and continue to increase.

Now that the finance minister has admitted to breaking the Conflict of Interest Act by pleading guilty to his convenient lapse of memory regarding his European villa, his removal should be automatic. His continued refusal to disclose the vast holdings in his collection of numbered companies sends a clear message that he is hiding something from Canadians.

Rather than practise open government, the finance minister has acquired a Liberal insider from Toronto as his chief of spin, Ben Chin. Who is this Ben Chin who has been hired by the finance minister to spin the truth for him? Chin is a failed Toronto Liberal Party candidate who was rewarded for losing to an NDP candidate with a position as an insider and a fixer alongside Gerald Butts, the Prime Minister's current hatchet man, when he was at Queen's Park in Toronto.

Chin's claim to fame happened after he landed a plush patronage job at the Ontario Power Authority at a $247,000 salary, paid for by Ontario's overtaxed electricity ratepayers. One of the schemes he was able to set up was a twisted conservation incentive program called Air Miles for Social Change. Data mining is one of the reasons loyalty programs are set up. The personal information acquired has an attractive resale value to groups like political parties.

The Ontario Power Authority's initial deal with Air Miles was intended to be only from the spring of 2010 until the end of that year, but there was an option for the OPA to extend that relationship. Under Ben Chin's supervision, the program was extended.

One of the beneficiaries of the Ontario Power Authority's new relationship with Air Miles was the charity World Wildlife Fund Canada, then headed by current Prime Minister insider—surprise, surprise—Gerald Butts. The Ontario Power Authority provided the option for participants in designated conservation programs, who were Air Miles collectors, to pledge their Air Miles rewards to—surprise, surprise—the World Wildlife Fund Canada.

In the context of today's discussion regarding omnibus tax-and-spend legislation and who benefits, a powerful statement is being made by the ethically challenged finance minister when he turns to someone with a reputation as a Liberal insider like Ben Chin. Chin adds to the finance minister's shattered reputation.

Chin and Butts, since they were associated with the Liberal Party in Toronto, are responsible for energy poverty that is now a fact of life in Ontario: heat or eat.

Rather than address the real reasons for energy poverty in Ontario, this is a government that goes into huge deficits with Bill C-63 to send borrowed Canadian dollars to China for the Asian Infrastructure Investment Bank.

What about infrastructure in Canada? I know of more than a dozen municipalities that desperately need infrastructure repairs in Renfrew—Nipissing—Pembroke. They do not have the luxury of endlessly raising taxes or unlimited borrowing to fix their streets and sewers.

Governments should be concerned about the needs of Canadians first before chasing foreign money schemes that are designed to make the rich richer.

This is what a smart observer had to say about the finance minister's new spin doctor:

Ben Chin’s electricity career helps to illuminate the real purposes driving those with their hands on the levers of power in Ontario’s electricity system.... Ontario was establishing itself as a massive electricity exporter, selling enough discounted and often free power to neighbouring jurisdictions to power substantial cities.... The conservation PR that Chin was engineering was focused on a different kind of power.

Democracy is under assault in Canada by the federal government's fiscal policies.

Budget Implementation Act, 2017, No. 2Government Orders

1:35 p.m.

Louis-Hébert Québec

Liberal

Joël Lightbound LiberalParliamentary Secretary to the Minister of Finance

Madam Speaker, the member mentioned what she considers to be the omnibus nature of this budget implementation bill. I do not doubt her expertise about omnibus bills. For 10 years she was under the Harper Conservatives, who dropped the largest BIA in the history of this Parliament, so she knows a fair bit about omnibus bills.

We are not modifying the navigable waters act, as those members did while in government. As far as I am concerned, everything is related to the budget.

I would like to ask my colleague what specifically in Bill C-63 does not relate to the budget. I have heard her talk about taxes, about excise taxes. I have heard her talk about everything that is related to the budget. How can she frame this to be an omnibus bill when everything is related to the budget and its implementation? Again, I do not doubt her expertise about omnibus bills. She has seen a lot of them.

Budget Implementation Act, 2017, No. 2Government Orders

1:35 p.m.

Conservative

Cheryl Gallant Conservative Renfrew—Nipissing—Pembroke, ON

Madam Speaker, well, the omnibus bill goes all over the board. It goes from the principal residence to division 10 of part 5 and the Energy Efficiency Act. This is a particular part of the omnibus bill with which we in the riding of Renfrew—Nipissing—Pembroke have special familiarity.

We have the provincial people implementing a similar takedown of taxes from taxpayers at the federal level now, and the practical solutions to Ontario's energy problems were never the focus of the people who have the levers of power today. They weave their way around the House and outsource everything from the government sector in many ways, such as the Asian infrastructure bank in which the outsourcing is not even going toward Canadian infrastructure but toward wealthy people in Asia and the companies there.

Budget Implementation Act, 2017, No. 2Government Orders

1:35 p.m.

Liberal

Mike Bossio Liberal Hastings—Lennox and Addington, ON

Madam Speaker, the member mentioned the debt levels, and that we should not be investing so much in infrastructure. I guess I would congratulate her in that she really does not feel that we should be investing in any infrastructure in her community.