Mr. Speaker, I have sat in the House now for five years, listening to the back and forth, the questions and answers, the proposals and counter-proposals. I have to admit, I am always amazed at how tone deaf and out of touch some motions are with the wants and needs of Canadians and their families.
Today's opposition motion is no exception and a good case in point. We entered a major national crisis from which all accounts is going to get worse before it gets better. The COVID-19 pandemic has changed the lives of all Canadians. People are afraid and unsure. They are unsure about their own health and safety and the well-being of their families, children, parents and friends. Workers are concerned about their jobs and futures and how will they get by from day to day, month to month. They are worried about their kids' education, putting food on the table and maintaining the life they worked hard to build.
In short, most Canadians are afraid and unsure of how the COVID-19 crisis will affect their lives, their security and the well-being of their loved ones. Right now, more Canadians are looking at the governments, both federal and provincial, for support and protection. That is why it is beyond my understanding that the Conservative Party would bring forth the current opposition day motion.
The motion before us today makes it clear who just exactly is a priority. None of the measures in the motion would help Canadian workers and their families. They are all aimed at helping big business and their wealthy owners and investors.
In this way, some of these measures are quite reckless, especially during a time of national crisis. The idea to postpone the increases to the Canada pension plan are one example. Who will this help? Will it be small business? Probably not so much. I have not heard from one small business in my riding that wants relief from its CPP obligations. Will it be big businesses? Absolutely. That is who will benefit. This could be a real financial boondoggle for big business, especially for those who are already making record profits off the pandemic.
Who will be hurt by this measure? All the workers who make regular payments into the Canada pension plan and who expect to see an increased pension when they retire. This kind of measure could end up reducing the benefits they expect to receive when they retire. This kind of measure would be done on the backs of working people and their families, and that is unacceptable.
What Canadians need and desperately want are ideas and solutions that will help them, their families and their loved ones weather the trials and challenges of this pandemic, help them get through the tough times they are facing. The motion before us today does none of that. There are no creative solutions being proposed in the motion, none that could help Canadians and their families. Instead, we do not see the motion having people pay their fair share of taxes.
I do not think anyone in the chamber or in the country would disagree that Canadian businesses are in distress. It is pretty easy to understand that the current health crisis has had and continues to have a devastating effect on the economy and especially on small business. I am sure all my colleagues are getting the same kinds of calls I am getting from local businesses so desperate to find a way to get through this difficult time to ensure their survival, their livelihoods and the jobs of their workers.
It is also easy to see that right now any barriers to employment are not taxes and regulations. The barrier is a national health pandemic, which has changed the lives of millions of Canadians. That is why we in the NDP have put our focus on fighting for people and helping to get us all through this pandemic. That is why we fought for adequate funding for CERB, the wage subsidies that would meet the needs of Canadian businesses and a rent assistance program for businesses that would effectively help the tenants and not just the landlords.
I am proud to say that the NDP will keep fighting for small business owners and their workers by pushing the government to improve the supports on which all Canadians rely. That is why the NDP continues to put forward creative and progressive ideas to help Canadian workers and their families get through these difficult times.
That is also why we believe that Canadian families should not have to pay for the pandemic and that those who have profited billions of dollars off the pandemic should help pay for the recovery. Many people actually benefit from the pandemic. Big business, their owners, CEOs and shareholders are making millions and billions, while Canadian workers and their families are struggling to get by.
Last week, the Canadian Centre for Policy Alternatives released the profits reported by Canada's big six banks. The numbers are staggering: National Bank, $2.1 billion; CIBC, $3.8 billion; Scotiabank, $6.9 billion; Royal Bank of Canada, $11.4 billion; and TD Bank, 11.9 billion. It is important to remember that these profits, made during the pandemic, happened while the banks were also receiving $750 billion in government assistance.
Our research has also shown that Canadian billionaires are $37 billion richer than when the March 2020 COVID lockdown started, and not a single one of these top 20 billionaires in Canada has suffered a decrease in their overall wealth in the emergence of COVID-19. Furthermore, Canada's wealthiest 87 families now have 4,500 times more wealth than the average Canadian family. Together, they collectively own the same amount as the lowest-earning 12 million Canadians or as much as everybody in Newfoundland and Labrador, New Brunswick and Prince Edward Island, combined.
Meanwhile, workers in Canada continue to bear the economic brunt of the crisis. In the latest labour force data, 1.1 million fewer people were employed in Canada compared with before the pandemic crisis. Another 713,000 workers have lost half or more of their casual pre-pandemic hours, and low-income workers have been hit the hardest by the pandemic, with women and racialized Canadians being overrepresented in that wage group.
That is why the NDP has developed a suite of proposals that would make sure the richest elites and the most profitable corporations pay their fair share to help pay for the help we need to deliver to those who are struggling. Our 1% wealth—