Madam Speaker, to make sure that we have the resources needed to invest in Canadians and help our economy continue to recover from the pandemic, we are ensuring that the wealthiest pay their fair share. Our government is introducing a luxury tax that would apply on the sale of new luxury cars and aircraft with a retail price over $100,000 and new boats over $250,000.
We are currently studying this measure at the finance committee, and will continue to work with Canada's entrepreneurs and businesses to grow our economy and to make life more affordable.