Mr. Speaker, I agree. We should ensure that every Canadian pays their fair share of taxes.
We have already announced that we are permanently raising the corporate income tax rate by 1.5% on Canada's largest, most profitable banks and insurance companies, and we have introduced a recovery dividend of 15% on the excess profits of these institutions during the COVID pandemic. We have also implemented, effective September 1, a 10% luxury tax on private jets and luxury cars worth more than $100,000, and boats and yachts worth more than $250,000.
On the point of providing supports to Canadians, we have been doing so since we were elected in late 2015. We increased taxes on the top 1%. We reduced them on the middle class. We have increased the Canada workers benefit three times. We introduced the Canada child benefit. We introduced national child care.
We have been there for Canadians. We will continue to be there for Canadians moving forward.