Madam Speaker, I will be sharing my time with the member for Leeds—Grenville—Thousand Islands and Rideau Lakes. It is a great honour to speak to this opposition motion today.
When the world caught the news that multiple vaccines for COVID-19 had finally been approved, that this horrible year was finally about to come to an end, there was great relief and a sigh from across the world. That was until we realized that help was on the way for many of our close international partners including the U.K., U.S.A., Germany and Mexico and their economies might be able to reopen and their citizens would start to engage in normal life again, but Canada would have to wait. Granted, today's news was great. It is fantastic news that we will see the first vaccines coming to Canada, but certainly for our economy to re-engage we absolutely need to see far more, as soon as possible.
The government spent $44 million on upgrades to the National Research Council's Royalmount vaccine production facility in Montreal, and that is despite the Prime Minister saying that there would be no vaccine manufacturing in Canada. Unfortunately, the upgrades at that facility still are not finished and are not projected to be finished until 2021, so that really lagged our ability to produce vaccines and thus put us further behind many other countries.
Most people need some kind of certainty, and “as soon as possible” just does not work. With the variety of vaccines that have been announced and the contracts that the government has put in place, it seems entirely reasonable to ask, once they are approved, what the timing would be when Canadians can expect to see these vaccines, and to give the provinces the latitude to know what is coming down the pipe so they can start making arrangements for these vaccines that Canadians so desperately need to land at their pharmacies or to whatever execution method each of the provincial governments would use.
Our opposition motion today highlights the unequivocal fact that a lot of Canadian business owners are in distress and I am sure many of the members have heard this. Business owners need help just to survive while waiting until some form of rapid testing or a robust vaccination plan rolls out. They are really struggling.
Forty-six per cent of business owners are worried about the survival of their businesses. We hear a lot about essential services. For many of the business owners whom I speak to, their businesses are essential to them. They are essential for their livelihood. They are essential for them to look after their families and to generate incomes. It is essential for them that they get back to work. Some are working at reduced activity, and I really admire their ingenuity in trying to make the best of what is a very difficult situation.
As early as March, 56% of business owners said they had no more capacity to take on debt during this emergency. That is a phenomenal number, and even debt does not necessarily solve the problem. During the first wave, the government determined which were considered essential and non-essential businesses. Their businesses were absolutely essential for their livelihoods. A lot of large corporations, such as Costco and Walmart, would still be able to benefit and sell products that a lot of small businesses sell as well, so the small business owners really want to get back to work.
A simple fact is that there will be no recovery if there are no businesses left, so the government has handed out about $240 billion in the first eight months of the pandemic. Not to say that we should not have been spending money, but that is about $952 million a day between March 13 and November 20.
While the government members had been starting to talk about their great reset stimulation and other singular-driven goals, we are spending virtually more than any other country in the G7, but we have the highest unemployment, so it is obvious that some of these programs are not working for their intended people. The Liberals have been stingy in regard to spending on what Canadians need, but what people really want is to get back to work and earn a paycheque.
The federal government must support employment by removing barriers to job creation, such as taxes and regulation. This is something that we could do that does not cost anything and creates that opportunity for businesses, particularly around interprovincial trade barriers.
The government needs to fix the large employer emergency financing facility, the LEEFF program, by reducing restrictions and amending the interest rate schedule. As of today, there are only a couple of companies that actually have used this particular program that the government has put forth. It strikes me that it would be time to fix this, do something with it and make sure that it is more accessible for companies.
Postponing the increase of the Canada pension plan payroll tax plan for January 1 again is a tax burden on businesses that they just cannot afford. They are not in a position to increase their input costs and, quite frankly, they have nowhere to pass it on. Postponing the increase of the carbon tax and the alcohol escalator tax plan for 2021 is not to say that we should not have the increase, it is just that these small businesses cannot have this kind of input cost in their businesses at this time.
The motion also calls for complete details on the highly affected sectors credit availability program by December 16, including criteria when the businesses can apply, when the sectors are eligible and when repayment will be required. Giving details like this should not be a battle. The government often announces these programs, but with details to follow. I can say from what I hear from businesses that they want certainty. These plans are clear as mud, there is a bunch of smoke and mirrors and the Canadian public needs to know.
We have the hangover. Kevin Page, who served as the PBO for five years, says he can hardly make sense of the 223-page fall economic update, saying after spending an evening going through the charts and all the verbiage, he had difficulty even understanding where it is at. We cannot sit idly while the rest of the world recovers. We cannot sit by while the world starts to move along. We need a plan. We need a timeline. We need to understand when vaccines are going to arrive and when we are going to be able to get back to business.
Ultimately, we know that the long-term cure for the ailing economy cannot be sustained by government programs no matter how many are provided to help small business. Whether the government wants to believe it or not, the debt we are accumulating, in excess of $1.1 trillion, will be unsustainable. If we continue along this path, we will effectively ruin any chance for future generations, our children and grandchildren, from realizing the immense possibility that once lay before us when we were their age.
We need a plan that will unleash private sector companies. Let them get back to work and create jobs. The investment plan that the government talks about I hope is in assets that will help improve productivity and our export potential. Canada, at the end of the day, is a relatively small country that has enormous potential and resources and it needs to be able to sell to other people in the world. There is a tremendous opportunity to unlock the IP that many companies in this country have and put policies in place that would support that export capacity. Handouts are not the answer. All of the businesses I talk to want to be able to execute their plans, but they want the government to put policies in place that encourage them to invest and do not stop them from investing.
We need to recognize and support our strategic sectors, allow them to grow and make sure we understand what our strategic advantage is. As nice as it would be to rely solely on ourselves for economic growth, the hard reality is that in order to flourish economically, limiting our recovery efforts by internal selling, selling to ourselves, will never get us out of this hole. We need to get focused on what we can do to make sure we can get people back to work and create an environment where Canadian companies are competitive and able to sell their goods and services all over the world. That is what they want to do, that is what they want to focus on and that is what we need the government to get focused on.
The vision of growth and prosperity after this pandemic must include a recovery for all. It has never been more important than now. It is important for creating opportunities for Canada's youth now and in the future instead of burdening them before they even have a fighting chance.