Mr. Speaker, our government has been, and will continue to be, committed to ensuring everyone in Canada is paying their fair share. That is why we have permanently raised the corporate income tax by 1.5% on the largest banks and insurance companies in Canada; implemented a recovery dividend of 15% on the financial sector to pay for the cost of COVID-19; implemented a luxury tax on private jets, luxury cars and yachts; and we will implement a 2% tax on share buybacks.
We are committed to ending the corporate tax race to the bottom and ensuring that multinational corporations pay their fair share of tax wherever they do business.