House of Commons Hansard #240 of the 42nd Parliament, 1st Session. (The original version is on Parliament's site.) The word of the day was money.

Topics

Bill C-63--Time Allocation MotionBudget Implementation Act, 2017, No. 2Government Orders

10:40 a.m.

Liberal

Bill Morneau Liberal Toronto Centre, ON

Madam Speaker, it is very important to understand how our plan is working for Canadians. Our current economic situation is an important example and that is thanks to our policies. One very important policy is the Canada infrastructure bank. This bank gives us the opportunity to find global investors for our infrastructure fund and Canada's pension funds. That is exactly what we will have the opportunity to do in Montreal and the surrounding areas, in order to improve public transit. It is an investment in infrastructure that will make a big difference for people living in Montreal or near Montreal. It is very important. Once the bank is up and running I hope that we will have the opportunity to invest with institutional investors to improve conditions for people living near Montreal.

Bill C-63--Time Allocation MotionBudget Implementation Act, 2017, No. 2Government Orders

10:40 a.m.

NDP

Robert Aubin NDP Trois-Rivières, QC

Madam Speaker, I must say that I am confused. We are currently debating a time allocation motion on the budget, and yet I am hearing my Liberal colleagues and the Minister of Finance discussing the budget even though they must not want to talk about it, given that they moved a time allocation motion.

Does the Minister of Finance want to talk about the budget or not?

Bill C-63--Time Allocation MotionBudget Implementation Act, 2017, No. 2Government Orders

10:40 a.m.

Liberal

Bill Morneau Liberal Toronto Centre, ON

Madam Speaker, we have had plenty of time to talk about our budget. Now I believe it is time we thought about how we might speed up the process to finally implement it. We want to continue with our plan to improve Canada's economy. Things are already going very well, but there is still work to be done. This bill is an important part of our plan to improve our economy. That is why we are here today.

Bill C-63--Time Allocation MotionBudget Implementation Act, 2017, No. 2Government Orders

10:40 a.m.

Conservative

Tom Lukiwski Conservative Moose Jaw—Lake Centre—Lanigan, SK

Madam Speaker, I would first like to address my comments to my colleague and friend, the parliamentary secretary to the government house leader, who has made continuous interruptions and interventions during this debate, citing relevancy.

I point out to my friend, and to all members in this place, that we are talking about the budget implementation bill, and as the finance minister, he is the architect of that bill. Any budget-related matters are relevant to this discussion and debate.

The credibility of not only the government but this minister is at stake here. His failure to answer a basic and very simple question about the timing of the sale of 10 million Morneau Shepell shares affects not only his credibility but that of his government as well.

For the life of me, I cannot understand why the Minister of Finance, arguably the second-most important member of this government, refuses to answer a legitimate and very simple question. This question is about the timing of a sale of shares that could have potentially benefited the Minister of Finance directly. He refuses to answer even the most basic question about that potential conflict of interest. We are simply asking why he does not answer the question.

Did he have any knowledge about the sale of Morneau Shepell shares one week prior to the introduction of the bill that he himself introduced on this floor?

Bill C-63--Time Allocation MotionBudget Implementation Act, 2017, No. 2Government Orders

10:45 a.m.

Liberal

Bill Morneau Liberal Toronto Centre, ON

Madam Speaker, as I have said in this House, it is important that we work together with the Ethics Commissioner to make sure that we do things exactly as prescribed, which is exactly what I have done.

The fabrication of processes that do not exist is completely unnecessary. What we are talking about today is how we can move forward on Bill C-63, making a real difference for Canadians. I fully understand why the member opposite does not want to talk about that. I fully understand that he is not interested in talking about how constituents of his and people across this country are doing better because of our policies. We understand that.

We are going to continue to move forward to make a real difference for Canadians, and we are not going to be taken off our game by fabrications.

Bill C-63--Time Allocation MotionBudget Implementation Act, 2017, No. 2Government Orders

10:45 a.m.

NDP

Anne Minh-Thu Quach NDP Salaberry—Suroît, QC

Madam Speaker, I find it appalling that a time allocation is being imposed on us for the 26th time, especially since this is a mammoth 329-page bill that amends about 20 acts.

In his own budget bill, the Minister of Finance proposes no measures whatsoever against tax avoidance. I can understand why, given that he himself is involved in a tax avoidance mess.

Why does he want to hasten the process when this is such a major bill? With the holidays around the corner, it is time we gave Canadians the gift of bringing back home all the tax that has been dodged and using it to provide public services.

Bill C-63--Time Allocation MotionBudget Implementation Act, 2017, No. 2Government Orders

10:45 a.m.

Liberal

Bill Morneau Liberal Toronto Centre, ON

Madam Speaker, we want to continue to move forward with our plan for the country. That is the explanation for today's situation. Moving forward with our plan is very important.

It is clear that our plan is working, because our economy is doing very well. Many more people now have jobs, which is important. Thanks to our policies, we have a very high rate of economic growth. We are going to continue implementing our plan. That is an important part of our plan.

Bill C-63--Time Allocation MotionBudget Implementation Act, 2017, No. 2Government Orders

10:45 a.m.

NDP

The Assistant Deputy Speaker NDP Carol Hughes

It is my duty to interrupt the proceedings and put forthwith the question necessary to dispose of the motion now before the House.

The question is on the motion. Is it the pleasure of the House to adopt the motion?

Bill C-63--Time Allocation MotionBudget Implementation Act, 2017, No. 2Government Orders

10:45 a.m.

Some hon. members

Agreed.

No.

Bill C-63--Time Allocation MotionBudget Implementation Act, 2017, No. 2Government Orders

10:45 a.m.

NDP

The Assistant Deputy Speaker NDP Carol Hughes

All those in favour of the motion will please say yea.

Bill C-63--Time Allocation MotionBudget Implementation Act, 2017, No. 2Government Orders

10:45 a.m.

Some hon. members

Yea.

Bill C-63--Time Allocation MotionBudget Implementation Act, 2017, No. 2Government Orders

10:45 a.m.

NDP

The Assistant Deputy Speaker NDP Carol Hughes

All those opposed will please say nay.

Bill C-63--Time Allocation MotionBudget Implementation Act, 2017, No. 2Government Orders

10:45 a.m.

Some hon. members

Nay.

Bill C-63--Time Allocation MotionBudget Implementation Act, 2017, No. 2Government Orders

10:45 a.m.

NDP

The Assistant Deputy Speaker NDP Carol Hughes

In my opinion the yeas have it.

And five or more members having risen:

Call in the members.

(The House divided on the motion, which was agreed to on the following division:)

Vote #407

Budget Implementation Act, 2017, No. 2Government Orders

11:25 a.m.

Liberal

The Speaker Liberal Geoff Regan

I declare the motion carried.

I wish to inform the House that, because of the proceedings on the time allocation motion, government orders will be extended by 30 minutes.

The House resumed from November 27 consideration of Bill C-63, A second Act to implement certain provisions of the budget tabled in Parliament on March 22, 2017 and other measures, as reported (without amendment) from the committee, and of the motions in Group No. 1.

Report StageBudget Implementation Act, 2017, No. 2Government Orders

11:25 a.m.

Liberal

The Speaker Liberal Geoff Regan

Once again, I want to remind members who are engaged in voting to try to avoid passing between the Speaker and the member who is speaking.

There are five minutes remaining in the speech from the hon. member for Barrie—Innisfil.

Report StageBudget Implementation Act, 2017, No. 2Government Orders

11:25 a.m.

Conservative

John Brassard Conservative Barrie—Innisfil, ON

Mr. Speaker, I will remind the House that I moved a motion to adjourn debate yesterday when we were talking about Bill C-63. The reason I moved that motion was the fact that the finance minister refused to answer the question from the member for Carleton and others, including the member for Louis-Saint-Laurent. In the context of that bill, I moved that motion because of a lack of confidence in the finance minister's ability to talk about it. Again, unless and until the finance minister answers these tough questions, we will be at a stalemate.

When time allocation was moved this morning, during tough questions from the member for Carleton, very simple questions, too, the finance minister suggested the member take it outside. That has been a pattern of the government in the past. If the Liberals do not want to answer the questions in the House, the inference is that we should take it outside, a bully politic tactic. If the finance minister wants to threaten high-priced Bay Street lawyers by threatening us to take it outside, we will not stand for that. In this democracy and this Parliament, every one of us is sent here to represent the voices of our constituents and every one of us has an obligation to ask the tough questions, the simple questions, the yes or no questions.

The debate was adjourned yesterday because we lacked the confidence in the minister's ability to deal with Bill C-63. We did not know his agenda, and we still do not know what his agenda is with respect to Bill C-63. The funny thing was that every member of the Liberal Party voted to adjourn yesterday, including the finance minister. Therefore, the Liberal members clearly do not have confidence in the finance minister's ability to deal with this issue as well.

We read in The Hill Times yesterday that the Liberals' major concern was not transparency, not accountability, not openness, not the impact Bill C-63 would have, not the fact that the finance minister would not answer any questions, and continues to hide in the dark. Their concern is the next election, the fact that potentially in 2019, after four years, they may lose their pensions. This was said in The Hill Times. That causes me to greatly question the motivations of Liberal backbenchers. It is all about their pensions. How sad is that?

I hear them chirping on the other side, and to that I say “bring it on”. Until the finance minister answers the simple questions being asked by Her Majesty's loyal opposition, we will continue to ask the tough questions, the very simple questions, on behalf of all Canadians who sent us here, including my riding of Barrie—Innisfil.

There are no high-priced lawyers in Barrie—Innisfil. It is a working-class community. The finance minister thinks he can come in here, bully the opposition by threatening lawsuits, libel, or slander suits, telling us to take this outside and not ask the tough questions in the House. None of us will be intimidated by the bully tactics of the finance minister, and we ask him to answer the questions.

Returning to Bill C-63, the Liberals have talked about tax fairness and the fact that the middle class and those working hard to join it are somehow better as a result of what they have done. This is about the middle class and those working hard to stay in it. They talked about a revenue-neutral tax decrease, that they would tax the top wealthiest 1% and lower taxes on middle-class Canadians. It was not revenue-neutral. It was going to cost the treasury $8.9 billion over six years, further adding to the debt and deficit of the government, deficits as far as the eye can see, debt that is projected to be $1.5 trillion by the 2050s.

For those of us who live in Ontario, talk about compounding the problem. The Ontario government is mired in endless debt and deficits. Now the federal government is moving in that direction. Quite frankly, I am worried, not just for my four children but every young person in the country who will have to pay for the Liberals' spending.

Report StageBudget Implementation Act, 2017, No. 2Government Orders

11:35 a.m.

Conservative

Harold Albrecht Conservative Kitchener—Conestoga, ON

Madam Speaker, I want to thank my colleague for standing up for democracy and for the hard-earned dollars that young families are contributing through their taxes. The government continues to squander that.

When we look at the deficit alone, between now and 2021, the interest costs alone on the deficit will be $33 billion per year. Just think for a moment what we could be doing with the $33 billion that would actually make a positive difference in our country. However, the government continues to spend money it does not have on projects we do not need. I wonder if my colleague would comment a bit about the long-term effects of this growing deficit that adds to our national debt, which my children, grandchildren, and even great-grandchildren will need to be paying back.

Report StageBudget Implementation Act, 2017, No. 2Government Orders

11:35 a.m.

Conservative

John Brassard Conservative Barrie—Innisfil, ON

Madam Speaker, that is a very good and relevant question. If they say that imitation is the sincerest form of flattery, the hon. member for Kitchener—Conestoga does not have to look too far to understand the impact that high debt has. In Ontario, we are the largest sub-sovereign nation debtor in the world. In fact, payments on the debt alone are one-third, next to health care and education. If paying for the debt was a department in Ontario, it would be the third biggest funded department in the Province of Ontario at $1 billion a month, just in debt payments. When we start compounding that, think of the impact that is going to have on our kids. Two things happen: taxes go up and services go down. We have seen that in Ontario, and it is predictable federally as well.

Report StageBudget Implementation Act, 2017, No. 2Government Orders

11:35 a.m.

Whitby Ontario

Liberal

Celina Caesar-Chavannes LiberalParliamentary Secretary to the Minister of International Development

Madam Speaker, one of the things I have noticed in Durham Region—and my riding of Whitby is a part of Durham Region—is that, right now, we have the lowest unemployment we have had in 15 years. It is at 5.3%.

I wonder what my hon. colleague would say to his constituents who have benefited from the work our government has put in place. We have the largest growth in the G7, a strong economy, 500,000 new jobs created, and low unemployment. What does he say to his constituents who have benefited from such a great economy currently in Canada?

Report StageBudget Implementation Act, 2017, No. 2Government Orders

11:35 a.m.

Conservative

John Brassard Conservative Barrie—Innisfil, ON

Madam Speaker, there have been reports recently about Canadians being the most indebted nation in the OECD. We have seen the government show no limit to the amount of debt and deficit spending it is willing to do.

Employment based on debt that is funded is not sustainable in the long term. We have seen that in Ontario. Ontario has become a have-not province. Again, if we want to predict the future, we need only look at what has happened in Ontario. Every person in Ontario, under a Liberal government, is suffering as a result of the debt and indebtedness. It is not sustainable in the long term. If the hon. member ran her house in the same manner they are running the government, she would not be able to afford it, because it is not sustainable.

Report StageBudget Implementation Act, 2017, No. 2Government Orders

11:35 a.m.

NDP

Nathan Cullen NDP Skeena—Bulkley Valley, BC

Madam Speaker, it is a strange moment where Liberals voted, essentially a non-confidence vote against their own finance minister, in a way. That happened yesterday afternoon. One might understand some of their concerns and reservations with the conduct of the finance minister because of the recent number—

Report StageBudget Implementation Act, 2017, No. 2Government Orders

11:35 a.m.

Some hon. members

Oh, oh!