House of Commons Hansard #63 of the 43rd Parliament, 2nd Session. (The original version is on Parliament's site.) The word of the day was industry.

Topics

Economic Statement Implementation Act, 2020Government Orders

1 p.m.

NDP

Taylor Bachrach NDP Skeena—Bulkley Valley, BC

Madam Speaker, there is much in the hon. member's speech that I agree with. She spoke to the needs of tourism operators in her region and the fact that the current support programs have not necessarily met their unique needs.

This speaks very closely to the situation in northwest B.C., where so many tourism operators in places like Haida Gwaii have lost an entire tourism business season and stand to lose another one. The current programs have not met their needs.

Perhaps the member could speak to how she sees the programs being improved so that small tourism operators could make it through this pandemic in one piece and look forward to prosperous days ahead.

Economic Statement Implementation Act, 2020Government Orders

1 p.m.

Bloc

Kristina Michaud Bloc Avignon—La Mitis—Matane—Matapédia, QC

Madam Speaker, I would like to thank my colleague for his question. As I said in my speech, a uniform approach rarely works, and we need programs adapted to regional realities.

My region is a tourist region. As much as 2019 was a record year for the tourism industry, 2020 was probably the worst. We need to help these businesses keep their head above water but, unfortunately, a single Canada-wide program may not work well enough. We need to consider regional realities and find ways to help these businesses.

Economic Statement Implementation Act, 2020Government Orders

1 p.m.

Conservative

Ziad Aboultaif Conservative Edmonton Manning, AB

Madam Speaker, I do not think any of my colleagues, from either side of the aisle, would disagree with me when I say that this bill is incredibly important to Canadians.

We are now over a year into this pandemic. I know that the first case in Canada was confirmed in January 2020, and the first recorded case of COVID-19 in Alberta was in March of last year. However, I do not know when the first plan to get back to normal will be presented, either to Canadians, or to the House of Commons. I honestly cannot believe that I had to say those words.

We are now over a year into this pandemic, and the government has not yet presented a plan. I do not think there is a way for anyone to easily describe how disappointing that is, and how disappointing it is that the bill before us does not present any sort of plan either. Of course, this raises the question of what the government would do if it did have a plan.

I am not asking about policies here. I am asking about how the government expects to get its plan through the House of Commons. While I and many of my colleagues appreciate the time we have had to go through the contents of the bill before us, I have to seriously ask what the government is thinking. The fact is that we are debating the 2020 fall economic statement in the winter of 2021. Obviously, we had our winter break, which contributed to the delay, but the government has a bit of a secret that I would like to let members in on.

The Liberals are big procrastinators. They love to leave some of their most important bills, the ones Canadians are asking for, until the last minute. They will also introduce a bill, have the first reading, and then sit on it for weeks on end until it finally goes to second reading. That is the tactic of this government.

There are far too many examples of this for me to list. However, there are plenty of examples from this very parliamentary session. I will start with a big one, which I know my colleagues from the Standing Committee on International Trade have heard me ask about plenty of times. I am referring to Bill C-18, an act to implement the agreement on trade continuity between Canada and the United Kingdom of Great Britain and Northern Ireland.

As the title of the bill so clearly lays out, it would implement a trade deal worked out between Canada and our close friends and allies the United Kingdom. Originally, we were going to lose many of our preferential tariff levels with the United Kingdom by the end of last year, and we had to pass the bill to ensure that would not happen.

What did the government do? It introduced the bill about a week before we rose for the winter break. As I am sure members are aware, we only voted on the second reading of the bill on Monday, February 1, 2021. The only reason we still have those preferential tariff levels with the United Kingdom is because the government realized its folly and signed a memorandum of understanding that temporarily extends those levels until we pass Bill C-18. Believe it or not, this is not the only bill the Liberals have delayed on.

I am sure all my colleagues, and of course many, many Canadians, are very familiar with Bill C-7 by now. We had a court-imposed deadline to pass this bill, which was December 18, 2020. I am sure my colleagues opposite will try to blame the opposition for it taking a long time to get to the other place, but it was nearly two weeks between the Speech from the Throne that kicked off this session and the bill being introduced. I wonder why.

This was not a surprise. The court decision that mandated the law be changed was made back in 2019, but it took two weeks to reintroduce this bill. On top of that, last February was the last time we looked at Bill C-7, an act that would amend the Criminal Code with respect to medical assistance in dying. That is right, it was February of 2020.

Why was this not introduced right after the 2019 federal election, as soon as we returned in December of 2019? Why not in January of 2020, or early February? The answer is that the government loves to delay the introduction and debate of important pieces of legislation. The bill we are debating today, Bill C-14, is no different.

Obviously she needed some time to be introduced to the job, but why did the Minister of Finance wait until November 30, 2020, to introduce this bill? By that point, Canadians had been asking for a plan for eight and a half months, if not longer, depending on the province. Why did she wait for two whole months after the start of the second session to introduce this bill?

It was certainly not to give my colleagues in the opposition and I time to study the bill. The Minister of Finance complained on Twitter that we were allegedly delaying this bill, but I think the answer is a little different. I think it was simply another example of Liberals leaving important business until the 11th hour.

I know my Conservative colleagues and I welcome some of the parts of this bill, such as the Canada child benefit top-up, which our leader has been calling for, but we want to make sure we have time to discuss it. The Liberal government has had plenty of poorly written legislation during this pandemic. How else does one explain that this bill would do such things as amend the rent relief legislation for the second time? This is the third try for the rent relief legislation. I know Canadians across the country are hoping this third time will be the charm, but I am not sure.

Liberals like to blame Conservatives for everything, and I know they love blaming former prime minister Harper for everything too, but in the case of Bill C-14, I am pretty sure any and all problems are their fault and theirs only. At this point, it is unacceptable that the Liberals still cannot get anything done.

I know all my colleagues in this House want to support Canadians who are still struggling against this pandemic, but the Liberals are still playing their classic game of delaying and blaming the Tories, and it is doing anything but helping Canadians. The Prime Minister and his party are just busy preparing for a snap election. They are not busy making sure the lives of Canadians are better. A fiscal update has to be in place so we know where we are going in these tough times.

Economic Statement Implementation Act, 2020Government Orders

1:10 p.m.

Winnipeg North Manitoba

Liberal

Kevin Lamoureux LiberalParliamentary Secretary to the President of the Queen’s Privy Council for Canada and to the Leader of the Government in the House of Commons

Madam Speaker, the member could not be any more wrong. Let us be realistic. I would like to say very clearly to those following the proceedings of this House that the Conservative Party, and the games it plays in order to filibuster what takes place in the House, are absolutely and completely a destructive force. Bill C-14 has had many days of debate, and it is a good example. The government has a limited number of days to bring in bills, and the Conservatives continue to come up with ways to prevent the government from passing legislation. That is the reality, whether the member recognizes it or not.

When will the Conservative Party start contributing positively to ensuring we can pass the important legislation we need to pass for Canadians, such as Bill C-14? It is time the Conservative Party starts behaving—

Economic Statement Implementation Act, 2020Government Orders

1:10 p.m.

Liberal

The Assistant Deputy Speaker (Mrs. Alexandra Mendès) Liberal Alexandra Mendes

The hon. member for Edmonton Manning.

Economic Statement Implementation Act, 2020Government Orders

1:10 p.m.

Conservative

Ziad Aboultaif Conservative Edmonton Manning, AB

Madam Speaker, the hon. member needs to probably find some market where he can sell the nonsense he is saying. There is no market for what he is saying because there is no credibility in what he is saying. The government controls the agenda of the House, and it was very good at blaming others when it screwed up on that specific agenda.

It is time for the member and his party to act with transparency. At that time, we will all be looking to help Canadians, but when the government is not acting with good faith and in the best interests of Canadians, then it is going to have to expect delays. That will be its fault, and only its fault.

Economic Statement Implementation Act, 2020Government Orders

1:15 p.m.

Bloc

Julie Vignola Bloc Beauport—Limoilou, QC

Madam Speaker, speaking of transparency, a huge amount of money is currently being spent, and we, the Bloc Québécois, believe that it is important that a committee be established to review and study all COVID-19 spending, in order to ensure that past and future spending is managed soundly and responsibly.

What does my Conservative colleague think of this?

Economic Statement Implementation Act, 2020Government Orders

1:15 p.m.

Conservative

Ziad Aboultaif Conservative Edmonton Manning, AB

Madam Speaker, I happen to serve with the member on the Standing Committee on Government Operations and Estimates.

The answer is very simple. I came from the business world where accountability, productivity and results are important. There have to be results. The government is only good at how much it spends on a credit card. That is its strategy.

However, with results, it does not want anyone to question how productive its policies were or how it was able to generate the proper results out of what was spent. The member is correct that the government needs to be questioned about that, too.

Economic Statement Implementation Act, 2020Government Orders

1:15 p.m.

Conservative

Luc Berthold Conservative Mégantic—L'Érable, QC

Madam Speaker, we still do not have a date for the budget. The fall economic statement was late. Instead of a budget, they delivered a very improvised economic statement.

The Liberals have been saying since this morning that the bill is being filibustered.

So far, 22 Liberal members have spoken to Bill C-14. Would my colleague agree that what the Conservatives have to say is just as important as what the Liberals and my Bloc Québécois colleagues have to say?

I think it is important that we get things straight. If 22 Liberal members were able to speak, we also have the right to speak because this bill concerns all Canadians.

Economic Statement Implementation Act, 2020Government Orders

1:15 p.m.

Conservative

Ziad Aboultaif Conservative Edmonton Manning, AB

Madam Speaker, I thank my hon. colleague for his very straightforward point. We know the government has dragged its feet on everything since the start of the 42nd Parliament. It drags its feet on every piece of legislation in the House in order to give less time to opposition parties to question. Unfortunately, government members get very upset and disappointed when we take our time to ask questions on behalf of Canadians and the people we represent.

We know the government's style. We know this is the way the government wants to operate. It is unfortunate, because it is becoming a burden on top of the worries Canadians are carrying through the difficult times we are going through right now.

Economic Statement Implementation Act, 2020Government Orders

1:15 p.m.

Conservative

Blaine Calkins Conservative Red Deer—Lacombe, AB

Madam Speaker, it is a pleasure to participate virtually this afternoon from Central Alberta.

When the Deputy Prime Minister and Minister of Finance introduced the fall economic statement in late November last year, many people finally realized just how dire the financial situation we face here in Canada actually is. Unfortunately, very few, if any, of these people are part of the Liberal government, which seems to be content with the concept that putting good vibes out into the world with platitudes like “build back better”, “budgets balance themselves” and “the economy will come roaring back” are somehow enough to just will the outcomes back into existence.

The reality is the fall economic statement has highlighted a number of reasons for deep concern, yet proposes to continue many of the Liberal government's reckless economic tendencies without offering any of the necessary solutions.

There absolutely has been a need to spend money to support Canadians over the past 11 months. I was in support of some of the government's programs that helped support families and small businesses, and Conservatives played a key role in improving these programs for Canadians. While the Liberals like to suggest that criticizing the amount of debt they may have accumulated since taking government means that Conservatives would somehow be less generous had we been in government, that is just a false narrative and another example of putting politics before the well-being of Canadians.

The reality is that successive bad decisions, like delaying the initial closing of the borders, trusting the World Health Organization's data over Canada's own experts, and relying on China for our initial tranche of vaccines, decisions that we Conservatives would not have been naive enough to make, has in many ways forced this situation upon us.

Mismanagement from the outset seems to have stemmed from a total lack of a plan to deal with this pandemic. We came into this crisis with an additional $100 billion in unnecessary debt racked up by the government since 2015. We had less personal protective equipment and other critical supplies because of the government's decision to purge emergency supplies, and we were without our pandemic early warning system, a program cancelled by the government.

We would never have had to make these trade-offs because we would never have allowed ourselves to get into a situation of having among the highest unemployment rates in the G7, while also running the largest deficit in the G7, and having the fewest people per capita vaccinated. I believe we are 52nd in terms of our vaccine rollouts. That is abysmal. We are paying more under the Liberal government to get less.

Perhaps it is unfair to say there was no plan. In fact, retired lieutenant-colonel David Redman, who previously served as the head of the Alberta Emergency Management Agency, has suggested that governments across the country seem to have discarded their pandemic plans and core principles in favour of starting brand new when the virus began to appear here in Canada. Mr. Redman's resumé includes being tasked with closing the Lahr military base in Germany, leading the unplanned withdrawal from former Yugoslavia and re-establishing staging bases in the area, and leading the development of Alberta's counterterrorism strategy after 9/11. All that is to say that he is a serious and well-credentialed individual who has advocated from the beginning that the pandemic cannot be viewed through the lens of solely a public health emergency, but as a public emergency writ large that requires a different type of response.

It is hard to argue that the pandemic has not impacted virtually every part of our lives, and not just people's respiratory health and the health care system at large that supports us in the time of need. I understand that many people are comforted by the status quo of lockdowns and restrictions of civil liberties, because as much as it is hard to do and everyone seems to hate it, it gives some people a sense of control.

Meanwhile, the true cost of these measures will take years, if not generations, to actually determine. While some people may find small comfort in these measures, the financial situation in our country necessitates a reconsideration of how we are responding to this pandemic. My friend, the hon. member for Carleton, outlined perfectly in his speech why the situation is no different from past situations in other countries and how a debt crisis truly is a looming threat.

The Liberals' failures have left Canada in a very precarious situation. We have been forced to abandon the debt-to-GDP ratio as a fiscal anchor, which has now exceeded 100% in terms of government debt alone. During the 1990s debt crisis, our debt-to-GDP ratio was only 92%. In that case, high inflation and increasing interest rates nearly led to Canada's having to go to the International Monetary Fund for a bailout. At that time, the deficits were smaller than they are currently.

The deficit in the 2021 fiscal year is $381.6 billion, which is greater than the total federal spending the entire previous fiscal year. Our federal debt alone reached $1.2 trillion in 2020, with the expectation that it will continue to sharply rise for the next several years, potentially getting as high as $1.6 trillion by 2025. The government is banking on interest rates remaining low for the foreseeable future in order to ensure that we can manage the debt load.

These low rates are the only thing keeping our nose above water right now. While there are many countries taking advantage of these low interest rates, this is not without risk. Some international banks are actually betting that Canada will be forced to increase interest rates ahead of many of our partner countries, suggesting that we will be more susceptible to inflationary pressures. If interest rates exceed our economic growth rates, we will be in for a very difficult time. When we consider that Canada's GDP growth averaged out to around 1.7% between 2015 and 2019, we realize just how dangerous a game we are playing.

While I appreciate that the governor of the Bank of Canada plans to keep interest rates pinned near current levels for the foreseeable future, the reality is that the bank must must respond to the market like everyone else. Rates will not stay low forever, and in order to be prepared for when they inevitably do rise, we need to create high, sustained economic growth.

Creating economic growth is another area where the fall economic statement falls short. It appears to be more of an afterthought than a target for the document, which should not be surprising, since pesky things like a strong economy always seem to be secondary to making announcements about woke concepts that never really deliver for this government. This trend cannot continue, if we hope to avoid a financial crisis coming out of this pandemic, and we cannot afford to wait to get started.

We need to get people back to work safely. We need to empower the private sector, from our small businesses right up to major corporations, and create jobs and prosperity here in Canada, instead of having all of that capital fleeing to other jurisdictions. We need to give potential infrastructure proponents predictability when it comes to their investments, so that they are willing to invest in major projects here in Canada, whether in extraction projects, pipelines, renewable resources or something else altogether. Jurisdictions around the world are going to be competing to attract investment and the jobs and additional revenue that accompany them. Without a concerted effort to make Canada the most desirable place to invest and create, those opportunities will go elsewhere.

The government cannot continue to move the goalposts and signal that it does not want certain well-paying sectors to set up shop in Canada, based on its ideological bent. The energy sector has led Canada out of dire financial straits in the past, and it will be able to strongly contribute again this time, if it is not shackled by the current government's policies.

We also need to empower small businesses to succeed. For the past 11 months, many have been asked to go into an economic coma. Businesses have barely been getting by, and far too many of the shops we love on the main streets in our communities will not reopen. This is not just an economic loss to our country, but an example of shattered dreams for business owners and a physical reminder of the difficult, but sometimes not impossible, choices that families are being forced to make.

A recent survey by the Red Deer & District Chamber of Commerce indicated that over 70% of business owners expected their businesses to either contract or stay about the same for the next 12 months, with only 27% expecting to see growth. In that same survey, nearly 42% of businesses acknowledged that they have had to make layoffs, 55% had substantially less revenue and over 20% were concerned they could not outlast the restrictions put in place by public health authorities. These numbers are very troubling. The Liberals keep saying they are trying to ensure that our economy will be able to come roaring back. However, the small business owners themselves are not confident this is going to happen. We need to create the conditions for them to succeed, something that the fall economic statement does not do.

In late January, the Canadian Federation of Independent Business released its 2021 edition of Canada's “Red Tape Report Card”. It showed that for a business with fewer than five employees, including the owner, the cost of regulations was over $7,000 per employee. For a business of five to 19 employees, it fell to $3,380 and it was $2,600 for businesses with 20 to 50 employees. These numbers excluded the cost associated with COVID-19 regulations. The report suggested that 28% of these regulations are red tape or excessive regulation that does not actually contribute to the public good.

We all understand the importance of health, safety and environmental regulations, but it is clear there is a great deal of red tape that can be cut without exposing ourselves to additional risk. The report suggests that the savings could approach $11 billion a year, which equates to 205 million hours or 105,000 full-time job equivalencies. There is a phenomenal opportunity just in red tape reduction.

Conservatives hope that the Liberals' vaccine procurement gets back on track. Success on this front would be for the good of all Canadians. That said, we cannot simply rely on vaccines to be the silver bullet.

I can see that my time is coming to a close. I look forward to the questions that are going to come. We need to get Canada back on track. We need to get Canada back to work.

Economic Statement Implementation Act, 2020Government Orders

1:25 p.m.

Winnipeg North Manitoba

Liberal

Kevin Lamoureux LiberalParliamentary Secretary to the President of the Queen’s Privy Council for Canada and to the Leader of the Government in the House of Commons

Madam Speaker, in fact, the government is on track with the vaccines and has been for many weeks and months now, since we indicated that we would have six million by the end of March, and then get to mid-to-high 20 millions by June.

The Conservative party wants to continue to put off seeing this bill go to committee. When does the member anticipate the Conservative party allowing this bill to go to committee? Does the member have any sense of the impact this bill would have on Canadians if it passes?

Economic Statement Implementation Act, 2020Government Orders

1:25 p.m.

Conservative

Blaine Calkins Conservative Red Deer—Lacombe, AB

Madam Speaker, as both a G7 and G20 country, having a track record of being in 50th place in vaccine procurement is not something I would be particularly proud of. I would deflect from that track record by accusing my opposition of trying to delay things.

The reality is that we have the ability as members of Parliament to speak to these matters. I do not get to speak very often on behalf of my constituents because of the format that we have. We have had Parliament shut down quite excessively over the past year. We had a prorogation rather than getting some work done in the summer leading up to the fall.

The government has a number of tools at its disposal. If it wants this bill passed, it would use them to do so.

Economic Statement Implementation Act, 2020Government Orders

1:25 p.m.

NDP

Scott Duvall NDP Hamilton Mountain, ON

Madam Speaker, my friend made some very good and valid points.

One of the things I would like to ask is this. This pandemic has been over a year now and the government finally recognized the help that seniors and people with disabilities need, especially my ,community along with, I am sure, many other communities across Canada. It finally recognized the help they needed and gave them some assistance. Now we are in a second wave, but we do not know when it will end or when a budget will be in place to help people.

Does the member feel that it is important that a second assistance payment be made immediately to help low-income people get through some of these bad times?

Economic Statement Implementation Act, 2020Government Orders

1:30 p.m.

Conservative

Blaine Calkins Conservative Red Deer—Lacombe, AB

Madam Speaker, Conservatives have supported some of the programs put forward by the government that directly assist people. Seniors are very vulnerable and have had to bear some of the costs of this as well, such as drug dispensing fees due to shortages of medication, along with a number of other costs that were pandemic-related. If there is a need for this, I think that all members of Parliament would look to the government to do what is right on behalf of Canadian citizens.

The real frustration that I have is the expenditures just racking up the debt on the credit card. We seem to have no positive outcomes for it. We are fiscally adrift right now globally. We have no anchor to attach our fiscal ship to. Things are going to get a lot worse for us in the future if we do not make smarter decisions on where that money is going. That should not be politically motivated; it should be in the best interest of Canadians.

Economic Statement Implementation Act, 2020Government Orders

1:30 p.m.

Conservative

Nelly Shin Conservative Port Moody—Coquitlam, BC

Madam Speaker, my colleague pointed out that, despite accusations this morning by the Liberal government that Conservatives have been holding up passage of support for Canadians, the reality is that we have been helping to improve some of these benefits to be more inclusive of Canadians.

My question has to do with this. It is very clear that the Liberal government is positioning Canada for a snap election. Can the member speak to the delay that an election would cause in support going to Canadians?

Economic Statement Implementation Act, 2020Government Orders

1:30 p.m.

Conservative

Blaine Calkins Conservative Red Deer—Lacombe, AB

Madam Speaker, I think it would be largely irresponsible for the government to use the budgetary process or the fiscal snapshot process to enable the Liberal Party to position itself favourably for an election. There has been a lot of commentary in the media and even some hints from the Prime Minister and senior Liberals about that possibility.

We should be focused on actually helping Canadians. We should be focused on getting through this pandemic as quickly as possible. We should be focused on giving people back their liberties and freedoms as quickly as possible by procuring vaccines, implementing the use of rapid tests and other therapeutics that will help us get back to life as normal, as soon as possible. That should be job number one for every member of Parliament in the House of Commons: getting us through this situation as quickly and painlessly as possible both financially and when it comes to our mental health and our businesses. That is job one. It should be the focus of everyone.

Economic Statement Implementation Act, 2020Government Orders

1:30 p.m.

Conservative

Kenny Chiu Conservative Steveston—Richmond East, BC

Madam Speaker, we know Bill C-14 seeks to continue the pandemic relief strategy by implementing provisions from the fall economic statement. While its segments cover a breadth of topics, I would narrow my discussion on the bill to two topics today. I would begin with amendments made to the Income Tax Act to provide additional support to families with young children as the COVID-19 pandemic progresses. I believe that across party boundaries we may find that supporting Canada's youth, and young children in particular, is something on which we may find common ground.

Bill C-14 proposes amendments to the children's special allowances program to provide a similar benefit with respect to young children under that program. The CSA program provides payments to federal and provincial agencies and institutions, such as children's aid societies, that care for children. The monthly CSA payment is equal to the maximum Canada child benefit payment plus the child disability payment.

I am proud to say these benefits originated from Conservative government initiatives such as the Canada child tax benefit. This was a tax-free monthly payment available to eligible Canadian families to help with the cost of raising children. It was enacted under former prime minister Brian Mulroney in response to a commitment made by Parliament in November 1989 to eradicate child poverty in Canada by the year 2000. The CCTB could incorporate the national child benefit, a monthly benefit for low-income families with children, and the child disability benefit, a monthly benefit for families caring for children with severe and prolonged mental or physical disabilities.

Following the 2006 federal election, the newly elected, Stephen Harper-led Conservative government created the universal Canada child benefit, a new benefit of up to $1,200 annually for children under age six. The UCCB Act received royal assent on June 22, 2006, and UCCB was paid the first time in July 2006. In the 2010 Canadian federal budget, the UCCB was made shareable between shared-custody parents and in that instance, the payment was evenly split between parents, each receiving $50 per month. The measure entered into force in July 2011.

Though our nation, sadly, did not meet the aspirational goal of eradicating child poverty by the year 2000, we have made progress. Since its inception, the Canada child benefit has lifted about 300,000 Canadian children out of—

Economic Statement Implementation Act, 2020Government Orders

1:30 p.m.

An hon. member

This is rubbish.

Economic Statement Implementation Act, 2020Government Orders

1:35 p.m.

Liberal

The Assistant Deputy Speaker (Mrs. Alexandra Mendès) Liberal Alexandra Mendes

Can I remind the hon. members who are not speaking to please put their microphones on mute?

Economic Statement Implementation Act, 2020Government Orders

1:35 p.m.

Conservative

Kenny Chiu Conservative Steveston—Richmond East, BC

Thank you, Madam Speaker. I assure you that this is not rubbish. This is actually the Canada child tax benefit, which has lifted about 300,000 Canadian children out of poverty and helped reduce child poverty by 40% from 2013 to 2017. We should all work to continue to protect Canada's children and youth. One of our largest duties as parliamentarians is to ensure that future generations of Canadians have a safe and prosperous Canada to call their home.

This leads me to measures taken for our teens and young adults, which is my second point. Bill C-14 proposes amendments to the Canada Student Loans Act, Canada Student Financial Assistance Act and Apprentice Loans Act. It seeks to provide that, during the upcoming fiscal year, no interest is to be accrued or paid on existing student loans. The Parliamentary Budget Officer estimated that this would cost the government $315 million in unearned revenue for the 2021-22 fiscal year, and limit revenue generated to $5 million for the next fiscal year. Given how marginal this expense is compared with the extravagance of less responsible and more poorly planned programs, I must ask why the government would allow interest on student loans to resume accrual in the first place?

The Liberals had months to reassess and act on student loan interest measures and did nothing until it was too late. Now students have had months of unnecessary interest accrual due to what has become all too common: Liberal incompetence.

Student debt in Canada is a major burden for more than 50% of Canadian post-secondary students. The effects of student debt are well documented, and impact debt holders' fiscal, financial and mental well-being.

During the early days of the ongoing pandemic, national student loan repayments were paused, with instructions given that the loan repayments would restart in October 2020. In November, however, preplanned payments were not coming out of many accounts and many people were confused. When students checked their loan accounts, they were surprised to find that their payments were shown as being past due and highlighted in red. Automatic payments were fully set up, yet payments did not come out. By November, all student loan accounts were shown as being past due, and many people were worried that this would negatively affect their credit scores.

I heard at that time that few people were able to get through to the government hotline, frequently facing long hold times, transfers and mysteriously dropped calls. When someone actually got through to the hotline, there was a wait of around 98 minutes. To make matters worse for young Canadians, the government website for repayment had crashed. Students were informed that their payments would be coming out immediately; however, some borrowers who logged in and made their past-due payments had to worry about double payments. If the loan came out automatically later that day, it created a huge issue for people on a fixed income. While this situation is now resolved, it did not need to occur in the first place and it stands as a testimony to our government's lack of foresight.

Mismanagement again occurred through CERB payments going to dependent teens who normally would have earned less income working part-time than the handouts the government gave. Much like our vaccine rollout, which was promised to occur at a certain time and has had the goalposts moved, we have been met with consistent failures to deliver, as more and more money is thrown at our problems in half-hearted attempts to appear as if the government is doing something meaningful.

As we stand here today, Canadians go without vaccines and face uncertainty respecting the health and security of their families. It is inexcusable that the current Liberal government has failed Canadians on multiple fronts, that our nation now ranks 52nd in vaccine rollout and that the climbing national debt burden will still be felt by my great-grandchildren. Even if the government persists in ignoring this generation, it will have to answer to these future generations. If our government truly wishes to help Canadian students and youth, I would encourage it to consider working toward a balanced budget and not to bury future generations under insurmountable debt.

Because the members opposite are so fond of asking for solutions to help dig them out of their holes, I would encourage the government to do more.

The government could increase the scope of debt forgiveness on student loans and retroactively cancel interest that should not have accrued through the legislative gap of its own making. It could encourage employers to do more by offering an employer-sponsored student loan repayment assistance benefit. Those are options we have yet to see put on the table.

While I support Bill C-14 for doing something, I think we must all acknowledge it is too little, too late for Canadian students and youth.

Economic Statement Implementation Act, 2020Government Orders

1:40 p.m.

Liberal

Mark Gerretsen Liberal Kingston and the Islands, ON

Madam Speaker, the member spoke quite a bit about the debt and the burden of the debt. He seemed to be quite critical of the amount of debt that has had to be taken on to support Canadians during this pandemic, so my question for him is quite simple. Why did he support it? All the measures that have been brought before the House to spend money over the last 11 months or so during the pandemic have been adopted by unanimous consent.

Why did he not say that he did not want to support it and not give unanimous consent to that? Why did the Conservatives and every party vote in favour of it?

Economic Statement Implementation Act, 2020Government Orders

1:40 p.m.

Conservative

Kenny Chiu Conservative Steveston—Richmond East, BC

Madam Speaker, this is a common misunderstanding the hon. member across has been perpetrating. The Liberals seem to understand this as a black and white, one or zero, yes or no world. We can help Canadians on the one hand, but at the same time we could do it right so we do not waste so much of the taxpayers' or future generations' money. Besides that, we knew, even before the pandemic, the Liberals had been spending like there was no tomorrow. We know that Canada began 2020 with a deficit of $40 billion. That was prior to the World Health Organization declaring the pandemic, so the members opposite have been in the habit of misspending, spending large and mismanaging the file. That is why we are here to oppose them.

Economic Statement Implementation Act, 2020Government Orders

1:40 p.m.

Bloc

Louise Chabot Bloc Thérèse-De Blainville, QC

Madam Speaker, I have some concerns about support for workers.

I am not sure if the member is aware of the troubling figures released by the Institut de la statistique du Québec regarding job losses in certain economic sectors that are not recovering. The unemployment rate among young part-time workers is very high.

How does the member plan to support these sectors that are in crisis and, in particular, young people, during the economic recovery? Investments will be required.

Economic Statement Implementation Act, 2020Government Orders

1:45 p.m.

Conservative

Kenny Chiu Conservative Steveston—Richmond East, BC

Madam Speaker, it is a huge problem we are facing. Future generations will be taking up an insurmountable amount of debt because the current government has been spending recklessly and is incapable of spending on relief and recovery money. As we speak, the situation is dire. This is where we think the Conservative idea is what will respond best in Quebec, as well as in other provinces. We believe Canadians, including and especially our younger generations, would hugely benefit from a paycheque economy rather than credit card debt. This is where we think the government owes so much to Canadians. It has not been able to put us back on track for a recovery. For example, it dropped the ball entirely on—