Madam Speaker, first and foremost, I would like to inform you that I will be sharing my time with the member for Ottawa—Vanier.
Today I had the honour of participating in the discussion on Motion No. 30 and listening to remarks from our Conservative friends, which sort of made my hair stand on end. Our goal is to put an end to Conservative obstruction of this bill. That is what we are working on.
Bill C-56 is about affordable housing and groceries. It is most unfortunate that the Conservatives have resorted to filibustering and delay tactics to stop such a critical bill. This has led to over 20 hours of debate in five days in this chamber. I confess that I would rather be with my family tonight than here in the House debating this with the Conservatives.
They obviously have no intention of letting this bill to get to a vote even though some of their own members support it. For example, the Conservative member for Mission—Matsqui—Fraser Canyon told the House he would vote in favour of the bill over a month ago. On October 5, he said, “I will be joining my Conservatives colleagues in voting to move this bill forward to committee”.
That sounds great, but 49 days have passed since then, which is why I am looking forward to hearing where my Conservative colleagues stand now. Before they share that with us, though, I want to emphasize the importance of this bill and why passing it is crucial for Quebec, for Canada, and for the people of Argenteuil—La Petite-Nation.
We are all well aware of the toll that rising food prices and the lack of affordable housing are taking on Canadian families. I am very pleased to clarify the measures set out in Bill C‑56 to address these urgent problems.
As far as affordable housing goes, home ownership is clearly slipping beyond the reach of many Canadians, especially young people and newcomers. I have two daughters who are about to buy their first home, and even buying a small house under the current conditions is very difficult for them. I have never been so proud of our government, which is trying to introduce these measures to help young people buy their first home.
Bill C‑56 proposes improvements to the rebate on the goods and services tax, or GST, for new purpose-built rental housing. This improvement encourages the construction of more rental housing, including apartments, student housing and seniors' residences. The bill will also facilitate tax relief. For example, a two-bedroom rental unit valued at $500,000 will deliver $25,000 in tax relief.
These measures seek to create conditions that are conducive to building housing tailored to the needs of families, which is sorely lacking. What is more, the bill removes restrictions on the existing GST rules to ensure that public service bodies, such as universities, hospitals, charities and qualifying not-for-profit organizations, can claim the GST rental rebate, which has increased to 100%. We are also asking the provinces and local governments to buy in to our new rental housing rebate and to make it easier to have housing built near public transit and services.
At the same time, the rising cost of food is cause for concern. We have already provided targeted inflation relief to millions of modest- or low-income Canadians through a one-time grocery rebate in July.
To further stabilize the cost of groceries, Bill C‑56 amends the Competition Act. These amendments allow the Competition Bureau to conduct in-depth market studies, eliminate the efficiencies argument to stop anti-competitive mergers and take measures to block collaboration efforts that undermine competition and consumer choice, especially those that put small competitors at a disadvantage compared to large grocery chains.
What is the next step in our government's economic plan? It is very simple. We will continue the government's work to support Canadians. The 2023 fall economic statement presented by the Deputy Prime Minister and Minister of Finance earlier this week is directly connected to the initiatives outlined in this bill.
My colleague opposite just clearly stated in his speech that all responsibilities should fall to the private sector. I would like to remind him that, during the pandemic, we were there for businesses, for citizens, for workers and for organizations. We were there for the arts, for culture and for seniors. He voted in favour of our measures every time. Now he is saying that we should not have taken on all those responsibilities. Once again, we support our communities. My colleague's main argument seems to be that we should not be doing what we are doing for Canadians. He believes that we should make cuts to affordability and housing measures.
The foundations of our economic plan have produced encouraging results. We have seen that over one million additional Canadians have jobs today. We have recovered all the jobs lost during the pandemic, and more. Inflation is down, and wage increases are outpacing inflation, which is a testament to our resilient economic policies. This year, the fall economic statement focused on two key challenges: strengthening support for the middle class and accelerating the construction of new housing. When new housing is built, it directly helps families in need. It stimulates the economy, helps families and helps send young people to school to support them in their everyday lives.
We recognize the need to stabilize prices and ease the burden of imminent mortgage renewals for Canadians. Our government responded with targeted measures in the fall economic statement.
These strategic measures seek to stabilize prices, help Canadians overcome mortgage difficulties and make life more affordable for everyone. Similarly, we are injecting billions of dollars in new funding to support our commitment to accelerate the pace of housing construction. What is more, we are cracking down on disruptive short-term rentals in order to make housing more accessible and affordable across Canada.
The fall economic statement is fully in keeping with our ongoing efforts to improve the lives of Canadians. We have a strong record when it comes to providing benefits, as demonstrated by our historic investments in affordable child care, the quarterly carbon tax rebates, the enhancement of the Canada workers benefit and the increase in Canada child benefit payments.
Our government is also proposing crucial amendments to the Competition Act to make groceries more affordable by eliminating junk fees and to remove the GST on essential services, such as psychotherapy and counselling.
This statement is not just a plan for economic growth. It is something we are genuinely excited about. It is a testament to our commitment to a cleaner, more sustainable future. The key measures it outlines, such as tax credits for investing in Canada's clean economy, the Canada growth fund's carbon contracts for difference, and advancing the indigenous loan guarantee program, demonstrate our commitment to supporting a robust economy that can stand up to global changes.
Crucially, the fall economic statement builds on our ongoing commitment to making housing more affordable.
In conclusion, we believe that passing Bill C‑56 is essential. I hope all members of the House will vote in favour of it.