Richard Cannings on Committees of the House

Madam Speaker, I thank the member for Regina—Lewvan for that question. Maybe he does not understand how taxes work. This would be tax on profits. The grocery companies have had record profits. In the last few years, they have made billions of dollars in profits while Canadians struggle to put food on the table. This would tax those profits, and it would not affect the bottom line. I am talking about the big corporations, such as Loblaws, Sobeys and Metro. It would be taxing their excess profits.