Debates of Sept. 29th, 2022

Opposition Motion—Moratorium on New Taxes

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

We are going to the answer.

The hon. member for Edmonton Strathcona.

[Heather McPherson, NDP, Edmonton Strathcona, AB]

Madam Speaker, I just want to say to the member that I am very thankful that I was able to do what I could to make sure that children in Saskatchewan are able to access dental care.

[Alexis Brunelle-Duceppe, Bloc, Lac-Saint-Jean, QC]

Madam Speaker, I believe that the Conservatives are moving this motion today because real solutions are much more complex. There should be more thought put into how to create wealth while protecting the environment and, above all, how to share this wealth.

We heard about populism today and, to my great surprise, a Conservative colleague said he was proud to be a populist. I almost fell off my chair, but these are sturdy chairs. My question is simple.

Does my colleague from Edmonton Strathcona, who I hold in high regard, agree with me that this Conservative motion proposes simplistic and populist solutions to a complex problem?

[Heather McPherson, NDP, Edmonton Strathcona, AB]

Madam Speaker, I would like to thank my colleague. We have worked very well together on a number of issues, and I find that we align. I suspect him of being NDP in fact.

In terms of his question, I think it is true. It is very similar to what the member for Elmwood—Transcona said. It is dangerous when the Conservative Party brings forward motions like this that are filled with rhetoric and that are filled with disinformation. That is a dangerous thing, and we have a responsibility as parliamentarians to not allow the dialogue, the debate in this place, to be at that level. We need to elevate it, and this motion does nothing to assist with that.

[Shannon Stubbs, Conservative, Lakeland, AB]

Madam Speaker, I will split my time with the member for Chicoutimi—Le Fjord.

Canadians cannot afford the current Liberal government. The NDP-Liberals have made the cost of living so expensive that people are being forced to choose between heating their homes, putting gas in their cars and feeding their families. That is why the Conservative motion today calls on the government to immediately stop new taxes on gas, groceries, heating and paycheques. That would mean cancelling its planned carbon tax increase and their planned tax hikes on paycheques, which are all defined on the Liberal government's own website as taxes.

The numbers are stark. A Canadian making $60,000 a year went from paying $3,400 a year in taxes under the previous Conservative government to $4,169 in taxes today. The average Canadian family now spends more of their income on taxes than they do on food, clothing and shelter combined, and this share is going to keep escalating under the current Liberal government. That is morally wrong, and it is all a consequence of bad policy.

The cost of everything is skyrocketing. Families are spending $1,200 more a year to put food on the table. Housing prices have spiralled out of control, and rising interest rates mean that half of young Canadians, 56%, who are looking to buy their first home have put their plans on pause or given up altogether.

Rent for a one-bedroom home in Toronto is over $2,300 a month, and post-secondary students are living in homeless shelters. One in six small businesses are considering closing permanently, while almost two-thirds are still carrying debt from the last two years, in large part because of decisions made by governments. Of course, there is also the ever-increasing carbon tax that the Liberals promised would stay at a certain level, but it is going to blow way past that and way past what they claimed.

The Liberals keep saying this tax gives Canadians more back than they spend on it, but of course, the Parliamentary Budget Officer completely debunked that claim. The reality is that 60% of Canadians will not get back more than they put into it, and of course, courtesy of this particular Liberal government, Albertans are the hardest hit, paying $2,282 more than they get back.

However, the carbon tax rebate is effectively the Liberal government using working-class Canadians as a 0%-interest loan. Proceeds are not returned, and it costs Canadians the exact cost of inflation for every month that they do not have their money, plus the cost of lost potential investment income.

For example, using what we all now know is actually a conservative inflation number of 3.4%, which was inflation in 2021 and has more than doubled this year, plus a conservative 2% rate of return on investments, and adding that to the average 2021 carbon tax cost for an Albertan of $1,585, it is almost $86 that has just disappeared, money that these Canadians will never get back and money these Canadians could have used to pay for their grocery bill that week or fill up their gas tanks. The Liberals are going to make these losses worse and keep taking more and more away from Canadians.

Conservatives are focused on Canadians who are struggling with this Liberal-manufactured cost of living crisis.

Coralea from Elk Point wrote to me. Her son has ADD and several other learning difficulties. To deal with these challenges, she sent him to a school about half an hour away from where her family lives. They were able to carpool with other families, and her husband had a well-paying job in the oil patch, but the Liberals’ war on the oil and gas sector changed all of that.

Drilling rigs shut down, companies closed, investment dried up and projects were cancelled, all because of the risk and uncertainty created by the Liberal government, and unfortunately, like tens of thousands of other workers directly employed by the energy sector, Coralea’s husband lost his job. He did find another job local to their home, but it paid him a third of what he was making. Coralea started a housekeeping business so their family could make ends meet, but that business was wiped out during the last two years.

A few months ago, Coralea's son’s school called with a plan for the next four years that would actually see her son graduate with a diploma and his first-year apprenticeship, but she had to tell them that her son is not returning next year, because the skyrocketing cost of gas to drive an hour back and forth twice a day, is no longer feasible on their reduced income.

Coralea is not a Canadian who can afford to buy a fancy $60,000 Tesla. She cannot even afford to rewire her home to accommodate the charge. She cannot afford to have an electric car that does not work in the snowstorms and in -40°C weather that people in Lakeland often experience. She cannot afford the taxes the Liberal government keeps imposing and hiking on Canadians.

Another constituent, Steve, who is a senior living in Vermilion, told me he received both CPP and OAS, both payments are indexed to inflation. The Liberals will tell us that seniors living on these programs are protected from cost of living increases and inflationary pressures, but that is just not the case. Under half of Steve’s monthly gas bill is for the actual gas he uses. A full quarter of his bill goes to taxes, over $50 a month.

For the first two quarters of the year, single adults received just over $250 in carbon tax rebates. Steve would pay $300 in taxes on his gas bill alone at the same time. He pays carbon taxes on his electricity bill, carbon taxes on his groceries and carbon taxes on the fuel he needs to fill up his truck. Steve is going to be taxed out of his retirement at this rate. He told me, “This carbon tax is killing me””, and asked me to keep fighting against this “nonsensical and needless taxation.”

Then there is 25-year-old Austin from Vegreville, who should have a bright future ahead of him. He should be ready to start his life, buy a home and plan a family if he wants. Instead, he has to decide on what bills he pays every month and whether he can afford groceries at the same time. His car ran into some issues, costing him $850, $850 that he cannot afford when gas prices have doubled and his gas and electricity bills are costing him $400 a month. Austin works two jobs, at Walmart and at a local indoor arena. His girlfriend is 21 and works in early learning and child care. He is really worried about their future and he stood up. He told me to, “Scrap the carbon tax...Stop the spending, soften the blow of inflation, and actually make the middle class pay less tax and actually help us get ahead, not send us backwards.”

We could all go on about this from our constituents: from Jason, who runs a small public golf course in New Brunswick, who paid an extra $6,000 in fuel from 2020 to 2021 and is anticipating another $7,500 increase this year; to Linda, a widowed senior, who is still working as a school bus driver because she cannot afford to heat her home and put gas in her car; to Fred, who told me of a young family he sits beside every week at hockey practice that now has to choose which of their kids can play this coming season because the cost of travelling to games has become too much.

The cost of living crisis imposed by the Liberals is not “transitory”, it is not “Vladimir Putin’s inflation” and it is not “a supply chain issue.” It is inflation created because the government has consistently spent well beyond its means and ignored all Conservative warnings that its out-of-control spending would lead to higher prices of basic necessities for all Canadians.

The cost of living crisis driven by the government’s spending and tax increases on gas, groceries, home heating and paycheques is forcing the Canadians who I represent to choose between heating and eating, to choose which of their kids can go into sports or if they can at all, to choose whether they can afford to see their grandchildren, to jeopardize their children’s future because they cannot afford the costs anymore. This has to stop. The government’s reckless spending, its attacks on working Canadians and its continued tax hikes are ruining lives. That is why the motion today is so important. Canadians literally cannot afford the Liberals anymore.

As our new leader, the member for Carleton, has urged them for years, the Liberals must reverse course, find savings in government spending and balance the budget so all that debt is not passed on to future generations with nothing to show for it. It needs to stop fining, demonizing and firing Canadians whose personal medical decisions were not acceptable to the Prime Minister; stop destroying lives and livelihoods of Canadians by driving away investment, handcuffing the development of Canada’s natural resources in agriculture sectors, anchors to our economy, with its anti-business, anti-private sector, high-taxing red tape agenda; and commit today to no new taxes on gas, groceries, home heating and paycheques.

[Mark Gerretsen, Liberal, Parliamentary Secretary to the Leader of the Government in the House of Commons (Senate)]

Madam Speaker, on a number of occasions, I have asked the Leader of the Opposition to explain his position on Bitcoin and cryptocurrency. The Canadian public deserves to know.

He pulled a stunt a number of months ago, I believe five or six months ago, where he bought a shawarma with Bitcoin. That shawarma cost him the effective rate of $10 Canadian at the time. If he were to buy that same shawarma today, it would cost him $22.35, given the devaluation of Bitcoin.

I am wondering if the member can provide her comments, since her leader will not, on where she stands on Bitcoin or will she stand up and refuse to even utter the words “Bitcoin” or “cryptocurrency”, like the Leader of the Opposition has done every time he has been asked this question.

[Shannon Stubbs, Conservative, Lakeland, AB]

Madam Speaker, it is striking that the government has been in power for seven years, and has a deal to stay up to 10 years, and the consequence so far has been almost never seen before skyrocketing prices on all basic essential necessities on literally everything.

Members of the government stand in the House of Commons and offer their thoughts, prayers, hope and compassion to Canadians facing the cost-of-living crisis, which they admit, yet the member wants to talk about everything and anything other than their own record and the cost-of-living crisis that they have created.

[Elizabeth May, Green, Saanich—Gulf Islands, BC]

Madam Speaker, this is my first opportunity to get in on the debate, although I have been listening to it for hours. I would like to ask the hon. member for Lakeland a question that I have been wanting to ask since the hon. opposition House leader, the former Speaker of the House, made his speech.

The context in which the Conservatives put this forward is somehow that Canada, alone in the world, did quantitative easing, borrowed a lot of money to keep currencies afloat, to keep economies afloat. I want to refer her to the reports of the International Monetary Fund back in June 2020. All the economies of the G20 took the same steps. All of them, as well as ourselves, did quantitative easing. We can question whether these were good policies, but I would ask her to think about this.

If the member's current leader had been prime minister during the pandemic, would the Conservatives have decided to reject Boris Johnson's policies, reject policies of other ideologically aligned Conservative governments around the world and chart a—

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

The hon. member for Lakeland.

[Shannon Stubbs, Conservative, Lakeland, AB]

Madam Speaker, the reality is this. The Prime Minister has spent more than every other prime minister combined in Canadian history. That is a consequence of the government's out-of-control spending through budget after budget. It is not just a consequence of the last two years, frankly.

I think Canadians want to see their elected representatives take responsibility for the government's policy agenda, which is making life too expensive and unaffordable, causing Canadians to struggle to make ends meet and causing great anxiety and fear about their futures. It just is mind boggling to me to hear elected representatives from other parties acknowledging the cost-of-living crisis, but taking no responsibility whatsoever and refusing to vote in favour of what is an obvious and immediate tangible measure that could provide relief to every single struggling working and everyday Canadian in every part of the country.

[Taylor Bachrach, NDP, Skeena—Bulkley Valley, BC]

Madam Speaker, I share the frustration of my colleague from Edmonton Strathcona that the Conservatives seem intent on mischaracterizing pension contributions as taxes. Both of my parents are pensioners. One thing I hear about frequently from seniors in northwest B.C. is how difficult it is to make ends meet on old age security, on the minimal public pensions they receive.

Does my colleague from the Conservative Party agree, first, that Canada's seniors deserve a significant increase to old age security; and, second, that this increase should accrue not just to seniors over 75 but to all seniors?

[Shannon Stubbs, Conservative, Lakeland, AB]

Madam Speaker, this is another area where it is very striking to see the gap between the words of members of other parties, their actions and the actual outcomes of their policy agenda. The reality is this. The high taxing, high spending, high deficit policies of both the NDP and the Liberals disproportionately harm low-income Canadians; people on fixed incomes, seniors; the working poor; and the most disadvantaged people right across the country. Their policy agenda hurts them the most. The Conservatives are the ones offering a real solution to provide—

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

Resuming debate, the hon. member for Chicoutimi—Le Fjord.

[Richard Martel, Conservative, Chicoutimi—Le Fjord, QC]

Madam Speaker, today we are talking about inflation, which is taking a toll on Canadians. This inflation was entirely foreseeable. The government could not keep printing stack after stack of money and not expect any consequences.

The ratio between the money supply and our GDP has increased drastically lately. It is unfortunate that nothing was done earlier on to regain control of the money supply. From the start, the government has been blaming inflation on the global situation, more specifically, supply chain disruptions. True, these disruptions are having an impact on supply and demand, but there are many other factors for which the Liberals have been responsible from the moment they took office, and those factors are behind this economic situation.

I do not want to be all doom and gloom today, but the Liberals' policies are leading us right for a cliff. There are two things that stand out to me regarding the situation we are now. The first is the Liberal government's inordinately large deficit, which is undermining Canada's financial stability and, even worse, endangering the economic prosperity of future generations.

When the Liberal Party formed government in 2015, Canada was in an enviable economic position. Not only did we have one of the lowest debt-to-GDP ratios in the G7, but we also had a budget surplus accompanied by positive economic growth. Canada was one of the best countries to invest in.

When the Liberals took office, they embarked on a spending spree that was unnecessary, considering the economic context. Canada's debt rose dramatically, going from $626 billion in 2014 to $1.049 trillion in 2021. Of course, part of that increase is a result of managing the pandemic. I want to talk about that management, though. Canada borrowed more than any other industrialized country, except Japan, and got little in return. Canada ranked 21st out of 33 industrialized countries in terms of average economic growth in 2020 and 2021, with the fifth-highest average unemployment rate.

Even so, this is still a level of debt that, all in all, could be managed well with historically low interest rates. However, by being short-sighted and failing to plan ahead, which is a recurring theme in the Liberal Party, the government was playing with fire. This situation could not continue if certain parameters changed, and now they are changing. As interest rates rise, servicing the debt will become increasingly expensive. Government forecasts will have to be revised.

The yield curve is inverted, probably signalling that a recession is coming. The 10-year treasury yield is rising very quickly, pointing to a growing lack of confidence in the Canadian treasury. Lastly, the increase in 10-year treasury bonds is making Canadian debt more expensive.

Who is going to pay for this debt? Who is going to pay the interest on it? Will it be Canadians? Can the government assure the House today that it will not raise taxes and other charges on Canadians, who are already struggling to fill up their cars and put food on the table?

The Liberals' silence speaks for itself. Why is that? This brings me to my second point about why the Liberals are responsible for the current situation. The Liberal government has been waging war on Canada's energy sector since 2015, which has made it hard for us to respond to global energy shocks. Canada has the third-largest oil reserves in the world and the 18th-largest natural gas reserves. Not only do we have quantity, but we also have quality, because we produce oil and gas more cleanly than countries like Saudi Arabia and Venezuela.

With energy and gas prices soaring, let us imagine what Canada could do if it were an energy superpower. First, we could put more barrels on the global market, which would increase the supply and ultimately lower prices. Second, we could meet the energy needs of countries that really need it right now. I am thinking in particular of our allies in Europe, who are being held hostage by an authoritarian regime that controls the flow of energy into western Europe. Being an energy superpower is not just about meeting local demand, it is also about meeting an international need.

Instead, the Liberal government is trying to convince itself that Canada's energy industry is a thing of the past and that exporting our energy would be difficult because the product is far from the coasts. However, this is the same government that killed off over $100 billion worth of Canadian energy projects and cancelled the development of key infrastructure meant to reach export terminals on the east and west coasts.

President Biden would rather ask Saudi Arabia to increase its production, even though we are the United States' closest neighbour. That is shameful and embarrassing, not to mention hypocritical.

Yes, it is hypocritical, because the Liberals keep talking about fighting climate change, but they have done nothing to stop the supply of dirtier oil from Saudi Arabia and Venezuela.

Canada's Minister of Natural Resources is talking about increasing natural gas exports to the United States, which will then export it to Europe. How out of touch is that? Instead of putting Canadians to work, developing Canadian expertise and creating Canadian wealth, which would help fight inflation, we are acting as the United States' lackey.

Canada's energy policy is a disaster for Canadians' pocketbooks. It is also a disaster in terms of making a positive contribution to the fight against climate change. Furthermore, it is directly responsible for the significant increase in energy and gas prices.

The government plans to triple the carbon tax soon. Is that still in the cards? Is it really a good idea to increase gas prices when Canadians are struggling to make ends meet?

Gas is essential for transportation, in particular the transportation of food. Last August, food prices rose 10.8% over the previous year, when they were already trending upwards.

Is it reasonable to consider adding an indirect tax on food by increasing the price on carbon at a time when food prices have jumped by nearly 15% in two years? It is utterly ridiculous to even be considering it.

Families are losing faith in the economy and are going deeper into debt. The ratio of household debt to income is now 181.7%. It is not just a question of what rising interest rates will do to Canada's ability to service its debt. We also have to consider what Canadians will do as interest rates continue to rise. How will they be able to pay down their debt if everything gets more expensive and their loans get more expensive but their income does not keep pace with inflation?

We could be headed for some dark days if we do not address this crisis quickly. The government must first provide certainty for Canadians by committing to not increasing taxes of any kind in an attempt to make up for its own oversights, mistakes and inaction.

The current situation paints a bleak picture for Canadians who will end up in debt slavery if this trend continues. It will be extremely difficult for the next generation to buy property. We cannot afford to ignore the economic importance of property. Canadians see it as a symbol of prosperity and independence. For many, it is a retirement fund; for others, it is financial leverage. It is a place to raise a family, the bedrock of society. We have to put families first and give them all the tools they need to prosper.

We are talking about the rising cost of consumer goods, but I would like to conclude with some comments about the other issues hanging over our heads. The 0% interest rate policy was in place for years. How did that affect the structure of Canada's economy? That is a question we have to consider, because our party's motion makes even more sense given how much money was injected into the system and the unnecessary risks that companies and governments take when money really has no value because interest rates are near zero.

To get back to the main point of my speech, the government must give Canadians as much certainty as possible by not increasing their taxes.

I urge all parties to support our motion. To resolve the current inflationary crisis, I urge them to be prudent when it comes to government spending in the future and to stop the war on Canadian energy.

[Francis Scarpaleggia, Liberal, Lac-Saint-Louis, QC]

Madam Speaker, first of all, the price on carbon pollution does not apply in Quebec. Consequently, my colleague's constituents will not be affected by that measure, although they will benefit from the relief set out in Bill C-30. However, I want to put that aside for a moment.

The price on pollution adds an estimated 2.2¢ to every litre of gasoline, but, in any event, Canadians are compensated for that increase.

Does my colleague believe that this 2.2¢ increase has a greater impact on the price of gas than the war in Ukraine?

[Richard Martel, Conservative, Chicoutimi—Le Fjord, QC]

Madam Speaker, my riding had a great liquefied natural gas project planned. Through that project, we would have been able to export natural gas and reduce the number of coal-fired power plants. It would also have reduced Europe's dependence on Russia.

I do not understand why we are not developing our natural resources as much as we should. The government is holding us back. I welcome the use of all kinds of energy. Why is the government shunning Canadian energy?

For the sake of our country, we should be making use of all sources of energy, particularly our fossil fuels.

[Denis Trudel, Bloc, Longueuil—Saint-Hubert, QC]

Madam Speaker, since my Conservative friends have no qualms about moving essentially the same motion today that they moved on Tuesday, I am not going to worry too much about asking essentially the same question that I asked a Conservative member on Tuesday, especially since I did not get an answer to it anyway.

In this intense period of fighting climate change, the federal government continues to invest $14 billion in direct and indirect support for fossil fuels. In Quebec, an entire infrastructure is being created to support renewable energy. A company in my riding is working on developing electric engines for aircraft. This is key. We need more of this. The aviation industry emits 3.5% of all greenhouse gases on the planet. We will have to address that eventually. The $14 billion that the government is investing in oil could be invested in new technologies. This would create wealth and jobs and would combat greenhouse gases.

Would my colleague not agree?

[Richard Martel, Conservative, Chicoutimi—Le Fjord, QC]

Madam Speaker, our fossil fuels have come a long way thanks to new technologies. We must never forget that.

As I have already said, I am not opposed to other energy sources. We are simply not there yet. Let us stop burying our heads in the sand. The demand for energy continues to rise. As I said, back home we had a great energy transition project planned involving liquefied natural gas, which would have reduced the number of coal-fired power plants in the world and eliminated Europe's dependence on the Russians.

I think we need to take another look at this, all of us together. We need to sit down and work together to develop the resources we have here in Canada.

[Alexandre Boulerice, NDP, Rosemont—La Petite-Patrie, QC]

Madam Speaker, I am rather shocked by the inanity of the comments I have been hearing from the Conservative benches since this morning.

The former leader of the Conservative Party said that taxation is theft. He said Canadians were being robbed. He used the rather odd analogy of dumping a bottle of beer out on the ground, saying that it served absolutely no purpose.

Does my colleague from the Conservative Party not think that, if taxes are well thought out and progressive and take care of the less fortunate, they pay for public services, a social safety net, roads, schools, universities and hospitals for the people in his riding?

An American doctor once said that taxes are the price we pay for civilization. Has the Conservative Party forgotten that when we pay taxes, we get services in return?

[Richard Martel, Conservative, Chicoutimi—Le Fjord, QC]

Madam Speaker, if the government had properly managed the budget from the beginning, we likely never would have gotten to this point.

I recall that in 2015, stimulus measures meant that there was no need to inject money into infrastructure or the economy, because the stimulus drove economic growth.

This government is unable to predict anything. Everyone knows that what goes up must come down. The economy goes through highs and lows. The economy was on a high and the government was just throwing money around. Now, we are struggling. People are struggling. Interest rates are skyrocketing. People are struggling to put food on the table. People no longer know what to do. They are very worried about debt.

The government has been irresponsible.

[Francesco Sorbara, Liberal, Vaughan—Woodbridge, ON]

Madam Speaker, I will be splitting my time with my dear friend and colleague, the hon. member for Winnipeg North, which is in the beautiful city of Winnipeg in the beautiful province of Manitoba. I know it will be riveting for everyone to hear the member's remarks, after I give mine of course.

I am pleased to respond to this motion today, brought forward by the official opposition. The government’s timely and targeted measures played an important role in helping Canadian businesses weather the pandemic and now respond to the global inflation that has taken a hold of Canada and the world for reasons we know quite well. It has helped Canadian businesses and workers deal with the economic uncertainty and financial challenges brought on by COVID-19, by supply chain issues and now by the subsequent and very unfortunate barbaric invasion of Ukraine by Russia.

Our government enacted its plan while also exercising fiscal responsibility and prudence. It is a serious plan with serious leadership. Our actions have built a resilient foundation as the world economy continues to face strong headwinds.

I remind my hon. colleagues that if they have read the news in the past couple days about what is going on in Europe regarding movements in bonds and stock prices, and Nord Stream, there continues to be greater uncertainty in the world economy that we too will face and that is coming to the shores of North America. That is why we need serious leadership for these very uncertain times.

Canada is faring better than other G7 countries in these difficult times. The OECD continues to project that Canada will have the strongest economic growth in the G7, both this year and in 2023. The OECD just revised this week its projections for economic growth.

In addition, Canada has the lowest total government deficit in the G7 this year, and by far the lowest net debt burden among these countries. This is due to our government's overriding commitment to fiscal prudence, to maintain a fiscal framework and to always maintain our AAA credit rating to ensure a good, strong fiscal position, not only today, but going into the future for all our children, including my three kids.

However, Canada is not immune to adverse global developments. Global supply challenges and elevated energy prices resulting from the illegal, barbaric Russian invasion of Ukraine are adding upward pressure on global prices, including in our country. We also know that inflation is a global phenomenon that is a lingering result of the pandemic. It is exacerbated by worldwide events, and it is making life harder for many Canadians, including those back in my riding of Vaughan—Woodbridge.

Canada’s job market is strong, though, and businesses are doing well. Corporate profit margins and corporate balance sheets are actually very robust, and companies are investing in this country. We have seen this in the automotive sector here in Ontario. We have seen this with our steelmakers here in Ontario. We have seen this with our artificial intelligence in organizations like in the city of Montreal.

That is why our government support programs continue to be so important for the Canadians who continue to face challenges today because they are exposed to high inflation, including seniors, folks with fixed incomes, and working Canadians.

We have an affordability plan that includes many important measures. This is to support the most vulnerable people in our communities, to help them at a time when the cost of living is a real challenge for many Canadians. Our affordability plan is a suite of targeted measures totalling $12.1 billion in new support in 2022 to help make life more affordable for millions of Canadians from coast to coast to coast, including those in my wonderful riding of Vaughan—Woodbridge.

Simply put, we are helping Canadians cope with inflation, and I am very surprised that the Leader of the Opposition did not mention our measures in his motion.

Therefore, allow me to outline some of the key measures in this plan that will help Canadians manage inflation, including the GST credit. We will double it with Bill C-30 for six months to help 11 million Canadians, with $2.5 billion in relief going to the Canadians who need it the most, like our most vulnerable: single mothers, seniors and folks on fixed incomes.

It is something that is concrete and tangible. We can get it out the door before the year ends. I am glad to see, if I understood correctly, that the official opposition party will be joining us in moving this bill quickly through Parliament and having it receive royal assent, so we can get this help to Canadian families.

In Bill C-31, we have a one-time top-up for the Canada housing benefit to assist nearly two million renters with $500. Again, it would be timely relief that would provide help to Canadians who need it the most.

I will say one thing on the Canada pension plan, because it has been mentioned by various individuals. The CPP was enhanced in June 2016 by our government, after coming to an agreement with all provinces in Canada, to ensure that Canadians have a secure and dignified retirement in their golden years. It is something we worked on with all provinces and we came to an agreement. It demonstrates, again, what I call serious leadership. It is leadership that recognized that Canadians who were retiring needed their Canada pension plan to be enhanced from the level it was at. It was called the replacement rate on their wages and salaries. This is so important because many Canadians do not enjoy a defined benefit pension plan provided under unions or provided to public sector employees.

When Canadians retire, they depend on the Canada pension plan. It is indexed. It is monthly. It is an annuity stream. It is one of the best examples of how Canada is leading the world in ensuring a secure and dignified retirement for its citizens. It was applauded by all corners of our country and somewhat supported by different political parties at the provincial level. These are contributions by our citizens so they can have a great, secure and dignified retirement. This is something we need to continue working on with the types of measures that assist Canadians. Again, this is what I call serious leadership, prudent leadership and reasonable leadership.

On the question of employment insurance, employment insurance is about contributions. They are contributions by employees and employers for when someone is laid off or when there are changes in the economy.

Earlier this week, the Office of the Superintendent of Financial Institutions, otherwise known as OSFI, released its actuarial report on the employment insurance system. It is in the Employment Insurance Act, something that has been in existence under Conservative governments and Liberal governments. It talks about the seven-year break-even rate. The funds do not go into general government revenues. There is an operating fund for EI; it is there. I was actually reading the report this morning, again from OSFI's chief actuarial officer, and it talks about the EI system.

We know we need to continue to alter and change the EI system to respond to changing workplace requirements and job requirements given the sectoral and geographic changes that happen in our economy and our country. It is very important that when we speak about EI and speak about CPP, we note that these are bedrock programs for our social safety net. They are there to assist Canadians.

Thus, I say again that we need serious leadership at times when there is economic uncertainty and when there are global events happening. To use sound bites and cliches, I think, is a disservice.

On the question of dental coverage in Canada, I said in the prior opposition day that as members of Parliament, we meet a lot of different constituents. I have met constituents who are dealing with dental coverage, especially seniors, and who do not have dental coverage. They did not belong to a public sector union or are not covered under benefits when they retire. They have no coverage. When they go see a dentist, they are paying out-of-pocket.

We need to cover for those seniors. They deserve it. They deserve our support; they deserve our help. That is exactly what our government is going to do. We are going to start off, this year, helping those under 12 with income-tested and means-tested programs. I greatly support means-tested programs. Then we are going to help seniors as well. We are going to make sure that this is in place because it is the right thing to do.

That is, again, dealing with serious leadership in these times and identifying issues that we can all work on as parliamentarians. We can work together to make sure we are taking care of individuals who need assistance.

Seeing a dentist is important for our health, but it can be expensive. A third of Canadians currently do not have dental insurance, and in 2018, more than one in five Canadians reported avoiding dental care because of the cost. That is unacceptable in our country. For these reasons, the government has previously committed to providing dental care for uninsured Canadians with a family income of less than $90,000 annually.

As I know my time is quickly running out, I wish to say happy Thursday to all of my dear colleagues and to all of their constituents at home.

[Julie Vignola, Bloc, Beauport—Limoilou, QC]

Madam Speaker, I like to look at both sides of the coin to see the positive and the negative aspects of a situation. The government has invested and continues to invest a lot of money in many areas. We cannot be against a good thing. However, the other side of the coin is that the positive impact of some measures is temporary, while other measures are just making up for the lack of investment in previous years, not just by this Liberal Party, but also by the Conservatives. We have made up most of the lost ground in certain areas but we are just getting started in others. Let us stay positive.

The current motion seems like a good idea, because everyone would like to pay less taxes.

Let us now look at the other side of the coin.

Could my colleague explain the impact of a recession on services and debt if government coffers were emptied by a combination of more money going out to taxpayers and less revenue coming in because of the reduction, elimination or suspension of a tax?

[Francesco Sorbara, Liberal, Vaughan—Woodbridge, ON]

Madam Speaker, in terms of where our economy is, as we saw in the GDP report that came out this morning, the Canadian economy continues to grow. We are seeing the impact of uncertainties in global dynamics and of higher interest rates brought on by the Bank of Canada, but I will say this. We have continued to strengthen our social safety net, whether through the Canada child benefit, the third improvement to the Canada workers benefit, a program I really love, the 10% increase to the GIS, the 10% increase to old age security or creating the environment to grow our economy. That is why I ran as a Liberal MP in 2015 for the economy. I saw the anemic growth that was happening under the prior government.

It is important to take all those things into consideration. We are moving the economy forward and have a strong fiscal framework. We can respond when we need to.

[Heather McPherson, NDP, Edmonton Strathcona, AB]

Madam Speaker, there are many reasons why we have inflation happening right now in Canada. Some things we do not have control over and some the government very much does. One of those things is corporate greed. We have heard from economists at Canadians for Tax Fairness, who say there is a very simple reason for this inflation and for the affordability crisis. It is because corporations are taking the opportunity to raise prices. They also say the people who have the least are being asked to sacrifice the most.

As a member of the government, would this member support a corporate tax that would look at the massive profits that corporations are gouging consumers with? Does he look at a tax as a potential opportunity?

[Francesco Sorbara, Liberal, Vaughan—Woodbridge, ON]

Madam Speaker, first, on any sort of consumer gouging that is happening, we introduced in prior legislation, which I think was in the BIA, changes to the Competition Act to give the Competition Bureau more power when that occurs. We never want to see that occur. I hate crony capitalism; I very much dislike it. The Competition Bureau needs to be strengthened and we are doing that.

With regard to taxation, very frankly, every Canadian and every organization needs to pay their fair share of taxes. We have a progressive tax system. We have actually made it more progressive over the last six years. We cut the middle-class tax rate when we first came in. We are raising the basic personal expenditure amount to $15,000 and not providing it to those in the upper incomes. It is a great policy. We are taking people off tax rolls, including seniors and hard-working Canadians, and we will continue to do that. Recently, we increased the corporate tax rate on banks and financial institutions, again asking those organizations that can pay extra to do so.

We will continue to do what is right for our economy. We will continue to ensure that everyone pays their fair share so we can deliver the services that Canadians depend on day in and day out.