House of Commons Hansard #129 of the 44th Parliament, 1st Session. (The original version is on Parliament's site.) The word of the day was money.

Topics

Fall Economic Statement Implementation Act, 2022Government Orders

11:15 a.m.

Conservative

The Deputy Speaker Conservative Chris d'Entremont

The member for Berthier—Maskinongé on a point of order.

Fall Economic Statement Implementation Act, 2022Government Orders

11:15 a.m.

Bloc

Yves Perron Bloc Berthier—Maskinongé, QC

Mr. Speaker, I will not often defend the leader of the Conservatives, but let us be serious about our work.

We must work on the measures that the government presented so we can help people face inflation, but the member has spent about eight minutes talking about cryptocurrencies.

People are watching us on television. Can we get to work?

Fall Economic Statement Implementation Act, 2022Government Orders

11:15 a.m.

Conservative

The Deputy Speaker Conservative Chris d'Entremont

I believe that is a matter of debate, but I repeat that members must speak to the bill at hand.

The member for Kingston and the Islands.

Fall Economic Statement Implementation Act, 2022Government Orders

11:15 a.m.

Liberal

Mark Gerretsen Liberal Kingston and the Islands, ON

Mr. Speaker, that is incredibly rich coming from this Bloc member who happens to be sitting next to the member who, only two nights ago, made the point that, yes, it is fun to watch members run out of the room and do a quorum call. However, this member wants me to trust that the Bloc is taking this place seriously when his own colleague, sitting right next to him, was engaging in those activities just two nights ago.

If Bloc members want me to talk about them because they are feeling a little left out as I have been focusing on the Conservatives, I am happy to do that too. However, for the Bloc member, his colleague sitting next to him asked moments ago why the government was not focused on supports for Canadians during these difficult times. Is he living under a rock? That is my question to him, because we can look at the countless initiatives and things that are in this fall economic statement that are there specifically—

Fall Economic Statement Implementation Act, 2022Government Orders

11:15 a.m.

Conservative

Damien Kurek Conservative Battle River—Crowfoot, AB

Mr. Speaker, I rise on a point of order. Certainly, in light of the many things that the member is not able to do directly that he seems to be doing indirectly, I would ask you, Mr. Speaker, to ensure that there is, in fact, quorum in this place to ensure Canadians know there are actually people here doing the work they expect us to do in this place.

Fall Economic Statement Implementation Act, 2022Government Orders

11:15 a.m.

Conservative

The Deputy Speaker Conservative Chris d'Entremont

There is a quorum call, and I believe I quickly have to count.

And the count having been taken:

The Table says we do have quorum.

We will go back to the hon. member for Kingston and the Islands.

Fall Economic Statement Implementation Act, 2022Government Orders

11:15 a.m.

Liberal

Mark Gerretsen Liberal Kingston and the Islands, ON

Mr. Speaker, three times the other night while I was speaking, the Conservatives did the exact same thing. I would take this opportunity to encourage people to go to my Twitter feed right now, where I posted a really interesting video that shows how Conservatives were playing with that quorum game just two nights ago in the House. They did it again. What happened when they did a quorum call? The Speaker stood up, verified we had quorum, and then I continued. This happens to me; it happened to the member for Saanich—Gulf Islands. The Conservatives are doing it routinely, and I do not understand if they think that is the business of the House, because it is not.

I would like to get back to the Bloc, and I apologize to my Conservative friends that I have gone off topic from them, and I want to focus on the Bloc. I am back with the Bloc now. Its members say we are not doing any initiatives for Canadians and that there is nothing to help Canadians. They can look at the countless measures in here making life more affordable, like by taking the interest off students loans. They can go talk to students who have interest on their loans and ask them if that is going to help make life more affordable for them. We are lowering credit card transactions and doubling the GST tax credit for six months for certain Canadians. There is a $500 top-up for the Canada housing benefit, the Canada dental benefit and a new quarterly Canada workers benefit.

Are Bloc members trying to tell me that those are not meaningful things that would impact people? Are they nodding? If they are nodding, that basically means they do not think that stuff would be impactful to Canadians and Quebeckers. Even if they are nodding, I doubt they would actually agree with that.

We can also look at some of the other stuff in here, like making housing more affordable. The housing top-up I mentioned is helping young Canadians afford a down payment faster. We are helping Canadians save on closing costs, introducing a new refundable multi-generational home renovation tax credit and cracking down on house flipping by ensuring profits from properties are held for less than 12 months. Do those members think these are initiatives that Canadians are not going to benefit from?

There is the Canada growth fund to help build technology, infrastructure and businesses. I could go on and on, and then the Bloc is going to get up, ask about the health transfers and say we are failing because they do not happen to agree with the manner in which we are distributing the health transfers.

This fall economic statement is about providing supports for Canadians. That is exactly what has been laid out in this document. It is exactly why I am very much in favour of supporting it, and I think the Canadian people will judge those who choose not to support these measures, and we will see how that comes to be when we get to vote for this. Hopefully Conservatives will let us vote on this some time in the fall, rather than waiting until June, like last year, but I will not hold my breath.

Fall Economic Statement Implementation Act, 2022Government Orders

11:20 a.m.

Conservative

Dave Epp Conservative Chatham-Kent—Leamington, ON

Mr. Speaker, you might rule me out of order, because I wish to ask a question on the fall economic statement. Finally, I did hear a comment at the end of the speech that listed a few topics broadly that were listed.

In an earlier exchange with the member for Calgary Shepard, he asked a question of the previous member. One of those things the hon. member across the way did not list was the $14.2-billion blank cheque. I have yet to hear what that is about. How is that not incendiary spending, as identified by the Parliamentary Budget Officer? I would like to know whether that is a measured response, which a previous speaker so described.

Fall Economic Statement Implementation Act, 2022Government Orders

11:20 a.m.

Liberal

Mark Gerretsen Liberal Kingston and the Islands, ON

Mr. Speaker, I have not asked a single question this morning. He might be referring to somebody else. I do not even know what he is talking about.

Fall Economic Statement Implementation Act, 2022Government Orders

11:20 a.m.

Bloc

Julie Vignola Bloc Beauport—Limoilou, QC

Mr. Speaker, today we are talking about Bill C-32. The opposition's role is to point out what the bill is lacking. So far, it appears that the government's role is to boast a lot and not listen.

We are here to point out the flaws, the jurisdictional issues and the agreements that are not being honoured. Among those agreements is the one on infrastructure, which my colleague mentioned earlier, but there is another one that has not been respected for a very long time. It is the Constitution.

Strangely enough, in the last election, The New York Times said that the party that respected the Canadian Constitution the most was the Bloc Québécois, the separatist party. We are asking that the jurisdictions of Quebec and the Canadian provinces be respected in accordance with the Constitution.

Since I am talking about agreements we want the government to respect, I would like to point out that the 1867 Constitution, the only one that Quebec has signed, has yet to be translated, despite the 1982 agreement to translate it within six months.

When will this finally happen, and when will the government respect its own Constitution? It is about time it did.

Fall Economic Statement Implementation Act, 2022Government Orders

11:20 a.m.

Liberal

Mark Gerretsen Liberal Kingston and the Islands, ON

Mr. Speaker, if I heard the member correctly, she said that The New York Times said that Quebec was the best at respecting the Constitution. I apologize if I am not willing to take advice from a foreign newspaper on Canada's Constitution and the way that various different parties contribute to it. I apologize, but I just cannot see how I can possibly answer a question that is based on the premise of a foreign newspaper weighing in on our Constitution.

Fall Economic Statement Implementation Act, 2022Government Orders

11:20 a.m.

Some hon. members

Oh, oh!

Fall Economic Statement Implementation Act, 2022Government Orders

11:20 a.m.

An hon. member

I cannot believe you just called The New York Times fake news.

Fall Economic Statement Implementation Act, 2022Government Orders

11:25 a.m.

Conservative

The Deputy Speaker Conservative Chris d'Entremont

Order, please.

Questions and comments, the hon. member for Edmonton Griesbach.

Fall Economic Statement Implementation Act, 2022Government Orders

11:25 a.m.

NDP

Blake Desjarlais NDP Edmonton Griesbach, AB

Mr. Speaker, I want to thank the hon. colleague for his important intervention holding the opposition members accountable. I believe as a member of the opposition that it is important to advance our program, the program that New Democrats fight for every single day in this place, which is to make the material conditions of Canadians better.

In my community of Edmonton Griesbach, I want to offer a respectful reflection of what they are experiencing. We know that across the country there is a housing crisis. People in my community cannot get ahead. We have 3,400 houseless folks across the city of Edmonton. We have nearly 470 people who died in the last two years of houselessness. These are folks I knew, real people who are affected. To give credit to the government, this fall economic statement does, in fact, help some of those folks with a $500 housing benefit. I know that is going to help Canadians. New Democrats pushed for that and we agree with that.

However, it was clear that the national housing strategy detailed by the Auditor General earlier this week is damning. What the government was supposed to build for folks did not hit its targets. It also said that the government would fail to ensure that the proper amount of housing is established by 2027 and 2028.

When will the government take housing seriously and when will it increase the supply?

Fall Economic Statement Implementation Act, 2022Government Orders

11:25 a.m.

Liberal

Mark Gerretsen Liberal Kingston and the Islands, ON

Mr. Speaker, that is a great question. I think it is a valid question. I want to thank the member for bringing it up. I would agree that there will always be more we need to do.

I want to thank the NDP for actually being adults in the room when it comes to the other parties. It is the NDP who can take credit for what is in this bill, which they do when they see it as appropriate. They saw a situation where it is a minority Parliament. Rather than just be obstructionist like the two other opposition parties, they decided to try working with the government to actually advance things for Canadians. They did exactly that.

If the member would like to continue talking about housing, I would be more than willing to do that because I think it is an important issue. I hope he keeps raising it.

Fall Economic Statement Implementation Act, 2022Government Orders

11:25 a.m.

Conservative

Tim Uppal Conservative Edmonton Mill Woods, AB

Mr. Speaker, this fall economic statement arrived during one of the most difficult financial periods in many Canadians' living memory. For my constituents of Edmonton Mill Woods and for Canadians across the country, life has become increasingly difficult. We are witnessing an unparalleled affordability crisis, and too many Canadians are barely hanging on. My constituents are struggling to deal with inflation, which is at a 40-year high, and with interest rates that are increasing at the fastest rate in decades.

This crisis derives almost entirely from a government that, since being elected into office, has decided to spend more money that Canadians do not have on projects and initiatives that Canadians have not seen. After years of imprudent spending, the government has run out of Canadians' money. The Bank of Canada is working overtime, attempting to keep up with the government's fiscal irresponsibility.

This is why Canada finds itself in the position that it is in today. Our national debt has doubled, and the Prime Minister has created more debt than all other Canadian prime ministers combined. We have heard from the government benches that the Prime Minister had no choice but to double our debt, yet 40% of all the new spending measures have had nothing to do with COVID. That amounts to 205 billion dollars' worth of unnecessary and harmful debt that future generations of Canadians will have to account for.

Similarly, government spending is now up 30% from prepandemic levels. The cost that it takes for the government to service the debt that it has created, often needlessly, is as much as the Canada health transfer. This means that Canada can spend less and less money on crucial social expenditures like health care. Canadian tax dollars that could have gone toward hospitals and nurses are instead being squandered on the effort to keep up with the Prime Minister's debt.

This is just one example of how government spending is hurting Canadians. There are the real-world consequences to the Prime Minister's reckless decisions.

The Prime Minister is happy to spend $6,000 a night on the most expensive hotel room in London while Canadians cannot even afford to pay their rent. As a consequence of this, we are now in a position where the cost of government is driving up the cost of living for Canadians. The Prime Minister's inflationary deficits, to the tune of half a trillion dollars, have created more dollars while Canada produces fewer goods. Worse still, inflation has increased the cost of producing and distributing these goods. This is how we have come to find ourselves in this very difficult position.

Canadians are having to skip meals and food banks were visited over 1.5 million times in a month, a 35% increase in comparison to just last year. Canadians across the country can no longer afford basic necessities like heating their homes and gas. Mothers are having to mix water into their babies' milk, and as we head into this holiday season, parents have less to spend on their children.

Nearly every single component of the Canadian economy is failing. Home prices have doubled, and a significant number of young Canadians simply cannot afford to purchase a home in the cities and towns they grew up in. There was once a time when being able to afford a home was not a luxury reserved for the wealthiest. However, now in Canada, the second-largest country in the world with the second most space for housing developments, purchasing property is outside the realm of possibility for too many Canadians. The cities of Vancouver and Toronto have the third- and tenth-most overpriced housing markets in the world. This means that poor and working-class kids and new Canadians will never be able to afford a home.

Despite Canada having the most inflated housing bubble in the world, those who have been able to afford a home may lose it. Monthly payments on mortgages are rising even as house prices are starting to drop. Families that bought a typical home five years ago with a typical mortgage that is now up for renewal will pay $7,000 more per year. This is clearly unsustainable for many Canadians.

Recently, a constituent of mine wrote to me about how they can no longer afford to pay their mortgage, which had increased significantly every single month. How can we expect Canadians to afford this? Despite this, the Bank of Canada has said that it will have to continue hiking interest rates just to keep up with the government's inflation. We now face a crisis where many Canadians can no longer afford to pay for their mortgages.

As the Prime Minister's inflation makes the cost of everything even more expensive, household debt has skyrocketed, as more Canadians are relying on credit cards instead of paycheques. Despite this, Canadians have never paid more in taxes to the government. The government goes on collecting taxes, further draining the pockets of Canadians. It has revealed no intent to slow down.

The government plans to triple the carbon tax, making vital goods like food and heating a home even more expensive than they are today. The Conservatives have consistently voiced our concerns for seniors and families unable to afford food or even heat their homes this winter. For some families in Mill Woods, this will be the toughest holiday season yet. However, the Prime Minister continues to carry on with his wasteful spending agenda on the backs of hard-working Canadians.

Canadians need a break. The government cannot go on spending like this while providing little to no support for Canadians who are struggling to keep their heads above water. This economic update does not come close to what Canadians are expecting and what they need to see. It fails to address the cost of living crisis spurred on by the government's out-of-control spending.

Before the fall economic update, the Conservatives made two demands of the government: that it stop the tax increases and that it stop the spending. We urged the government to introduce no new taxes on the backs of my constituents and those who are struggling across Canada. This includes cancelling all planned tax hikes, like the tripling of the carbon tax. We need to work toward making life easier for Canadians. Instead, the government chooses to actively make life more expensive and much more difficult.

We also asked the government to stop the needless spending. A Conservative government would ensure that new spending is matched by equivalent savings. However, as we have seen from this economic update, the government will continue its wasteful spending and expanding its inflationary deficits, which will drive up the cost of everything.

Despite the government saying that it will now be fiscally prudent, it has refused to commit to any of our requests. This fall economic statement will keep Canada regressing down the path of economic hardship. Instead of creating more cash, the government should be supporting the creation of more of what cash buys. The Prime Minister should be looking at building more homes and developing our ethical natural resources. This would mean the production of cheaper food and other essential goods right here in Canada.

For this reason, we cannot support the government's inflationary update, and we will continue to represent Canadians who are struggling by holding the government to account. It is time for a government to address the cost of living crisis. It needs to plan to make energy more affordable.

That is why the Conservatives will repeal anti-energy laws and get Canadian energy out to market. We will remove government gatekeepers, get more homes built and make Canada the quickest place in the world to get a building permit. We will reform the tax and benefits system to ensure that whenever somebody works an extra hour, takes an extra shift or earns an extra bonus, they are always better off working.

Canada does have a future, and hope in the Canadian dream can be restored. However, first the government must control its wasteful spending and address the cost of living crisis that is affecting every Canadian.

Fall Economic Statement Implementation Act, 2022Government Orders

11:35 a.m.

Winnipeg North Manitoba

Liberal

Kevin Lamoureux LiberalParliamentary Secretary to the Leader of the Government in the House of Commons

Mr. Speaker, Canadians need to be concerned when Conservative after Conservative stands up to say that every dollar borrowed that was not directly attributed to the pandemic is harmful and unnecessary debt. That is what the member said.

Let us think about child care and the national child care program. Yes, there is a cost to it, but there is also a benefit to it that the Conservatives continue to not recognize. In fact, the Conservative Party of Canada wants to get rid of our national child care program. I have a tough time with that. Canadians have a tough time with that.

We had to borrow some money to support our national health care system. Given what the Conservatives are saying today, can we anticipate that the Conservative Party would also roll back the investments we are putting into health care? Is that part of the hidden agenda from the Conservative Party? Do the Conservatives intend to roll back health care transfers?

Fall Economic Statement Implementation Act, 2022Government Orders

11:35 a.m.

Conservative

Tim Uppal Conservative Edmonton Mill Woods, AB

Mr. Speaker, the member talks about having a tough time. Do members know who is having a tough time? It is Canadians who are having to visit the food bank to feed their families. About 1.5 million Canadians did so in one month. That is a record for Canada, a sad record. Do members know who else is having a tough time? It is Canadians who now have to choose to skip a meal.

What would the member say to parents who have to tell their kids they will not be able to provide a gift for them this Christmas? It is the Liberals' inflationary crisis that is putting this strain on Canadian families.

Fall Economic Statement Implementation Act, 2022Government Orders

November 17th, 2022 / 11:35 a.m.

Bloc

Yves Perron Bloc Berthier—Maskinongé, QC

Mr. Speaker, it is ironic to hear the Liberals talk about health transfers and about how the Conservatives will offer less, when the amount is already so small. In any case, we will give them a fair chance.

I thank my colleague for sticking to the topic of the day for his whole speech. I appreciate it. He talked a lot about housing. This is an essential and very important issue. Housing costs are a major challenge for nearly everyone at this time.

What does my colleague think about a major investment in social housing, and how does he propose we go about it? It would take some people out of the market and relieve the pressure on prices. This should be done quickly with a significant amount of money.

Fall Economic Statement Implementation Act, 2022Government Orders

11:35 a.m.

Conservative

Tim Uppal Conservative Edmonton Mill Woods, AB

Mr. Speaker, the member mentioned a couple of things there and I appreciate his question.

First, on health care, the fact is that right now the Liberals are spending as much as the health care transfer amount on servicing the debt they created. Right there is where we would find savings to support health care, not service debt.

The other thing the member talked about is the housing crisis. He is right that there is a housing crisis, so what we need to do is increase supply. In Canada, we have the space to build more homes. We just need to get to a point where we are actually building those homes.

We need faster building permits. Under a Conservative government, we would have the fastest building permits around the world, and not only to build houses but to build projects and get this country moving again.

Fall Economic Statement Implementation Act, 2022Government Orders

11:40 a.m.

NDP

Daniel Blaikie NDP Elmwood—Transcona, MB

Mr. Speaker, I want to continue on that theme of housing. If we listened to the Conservative leader, we would know that as long as there is this much capital in the market for bidding on new homes and new units of various kinds, we will have to build a lot of units to ever see the price of housing come down.

One thing in Bill C-32 is a pandemic dividend, or the Canada recovery dividend. It is really about going to the very same financial institutions that the Conservative leader has rightly complained about, which got a lot of liquidity support during the pandemic, and taking some of that money back into government coffers for it to be put out on things like the doubling of the GST rebate, the dental benefit and the Canada housing benefit.

I found it odd not to hear any support from the Conservative leader for the pandemic dividend, because it seems to me that it is very clearly an issue of justice, as we are talking about who should bear the cost of the moment we are in, in light of what has gone on in the pandemic. It also seems to be a pretty important tool for trying to right one of the structural problems in the housing market right now.

I wonder if the member might offer his thoughts on the pandemic recovery dividend.

Fall Economic Statement Implementation Act, 2022Government Orders

11:40 a.m.

Conservative

Tim Uppal Conservative Edmonton Mill Woods, AB

Mr. Speaker, we have been very vocal that we want Canadians to pay less tax. We believe it is more effective for Canadians not to have to pay out that money and give it back to the government. We want Canadians to make a choice of where to spend that money, and many Canadians would spend it on housing. Then they would be able to afford their rent and get into houses.

The other thing to note is that, yes, the member is right that we need to build a lot more houses. In fact, the government has a plan to significantly increase immigration, so we need housing. We have a construction industry that is ready to build those homes. We just need to get the gatekeepers out of the way so we can get them built.

Fall Economic Statement Implementation Act, 2022Government Orders

11:40 a.m.

Liberal

George Chahal Liberal Calgary Skyview, AB

Mr. Speaker, it is always a pleasure to rise in the House on behalf of the residents of Calgary Skyview.

Albertans and Canadians are feeling the squeeze due to the rising cost of living. I have had numerous conversations with my constituents of Calgary Skyview. I talked to workers, small business owners, families, newcomers, seniors and students. The message is crystal clear from them: An affordable cost of living is a top priority. That is why I am so proud to rise today to speak about the real actions our Liberal government is taking to support Canadians through the recently released fall economic statement.

Our government's plan outlines a responsible and fiscally prudent path to help the economy grow and prosper while making life more affordable for Canadians. We are doubling the GST tax credit for six months. This is important. This will provide an estimated 11 million low- and modest-income Canadians a much needed credit top-up. This means somebody living in Calgary would receive an additional $234, and a family of four would receive an additional $467 to assist with the rising cost of living.

I recently had the opportunity to talk to Raj, a university student. He told me about the challenges he faced as a post-secondary student due to the rising cost of living and how important it is for the government to support students. That is why I am proud to say the fall economic statement will make all Canada student loans and Canada apprentice loans permanently interest-free, including those currently being repaid, so that we can continue to support young people during these turbulent times.

Half of all post-secondary students in Canada rely on student loans to help them afford the cost of tuition and essentials during their studies. By eliminating interest charges for student loans, we are helping ease the burden students face after graduating. Our government is committed to strong fiscal prudence. It is a promise we made to Canadians, and one we continue to uphold.

Canada has one of the lowest net debt and the lowest deficit-to-GDP ratios in the G7. Our economy had one of the fastest job recoveries in the G7, and we have a near record-low unemployment rate of 5.2%. Throughout the pandemic, we took quick and decisive action to support Canadian families with emergency payments. Through responsible investments in our communities, we are continuing to support Canadians by sustaining an economy that works for everybody.

We understand that through a responsible fiscal strategy, Canada's economy can continue to be resilient and well positioned to endure challenging and ever-changing global conditions. The transition to a greener economy requires significant investments. In the fall economic statement, our government has announced new initiatives to help support the economy through a green transition. These investments will ensure we build a globally competitive, sustainable economy that is fair and leaves nobody behind.

This includes a $6.7-billion investment tax credit for clean technologies, which will provide a refundable tax credit of up to 30% for investments in various green technologies such as solar, electricity storage systems and heat pumps, so Calgarians and indeed all Canadians can afford the transition to greener technologies.

To further our commitment to support sustainable jobs, we created the Energy Transition Centre to help equip Canadian workers with the skills of the future. These key investments are necessary to ensure Canada becomes a world leader in the net-zero transition. We are focused on supporting businesses and creating high-paying jobs. This is why, similar to the U.S. Inflation Reduction Act, we are taxing stock buybacks to make sure businesses pay their fair share and to incentivize the reinvestment of their profits in Canadian workers.

From the devastating effects of the COVID–19 pandemic to the recent cost of living crisis, our government is committed to helping Canadians through tough times. While we take strong action and provide tangible results for Canadians, the only ideas we hear from the Conservatives include cutting essential government programs and providing financially illiterate advice to Canadians to purchase cryptocurrency to opt out of inflation.

I am proud of the government's work. I know it will help my constituents in Calgary and Canadians from coast to coast to coast.

Fall Economic Statement Implementation Act, 2022Government Orders

11:45 a.m.

Conservative

Tom Kmiec Conservative Calgary Shepard, AB

Mr. Speaker, the riding of Calgary Skyview is one I know well as I am often there. According to Statistics Canada, the median income in that riding after tax is about $87,000. That is not a lot of income for Calgary, and it puts people directly into the middle class. They will be paying thousands more because of the inflationary spending that the current government keeps supporting.

I will ask him the same question I did this morning to a different member. The Parliamentary Budget Officer identified $14.2 billion that does not relate to anything. There are no specifics on how that money will be spent. It is a blank cheque. That is what the Parliamentary Budget Officer essentially said.

Can the member explain where this money is going and why he thinks the current federal government deserves another $14.2-billion blank cheque?