Mr. Speaker, first, I would like to congratulate my colleague on his election and his very important role as parliamentary secretary to the Minister of Industry. I just listened to an eloquent speech.
I think we can all agree that the member gave a very thoughtful speech, in which he raised a number of important issues. I am proud to have him as a colleague in caucus. We will learn a lot from him. He was involved as a teacher for years and is someone who cares about Canada.
The member mentioned two things. I will come back to his question, but I cannot resist saying that at the last G7 meeting of finance ministers and central bank governors, we had a special guest, which was the minister of finance of Ukraine. I can say that at that time, there was a moment when the world or at least the G7 colleagues were standing shoulder to shoulder. We understand that Ukraine is fighting for democracy, and for all of us really. They are fighting for dignity.
The member will be pleased to hear that, since the Russian invasion of Ukraine in 2022, Canada has committed $19.7 billion in different supports for Ukraine. This is something my colleague will be happy about. In the estimates, he will see that there is an increase in the development of financial intermediary response for Ukraine of $200 million. The message is loud and clear that we are there for Ukraine and will be shoulder to shoulder with Ukraine. I am also pleased to say that, for the upcoming leaders' summit in Kananaskis, the Prime Minister has invited the President of Ukraine. He will be there. That is another show of solidarity.
My colleague mentioned the health transfer. He and his students, who are probably watching tonight, because I know they are keen to see their former teacher, will be happy to hear that we are looking at these issues. If we look at the main estimates, there is an increase of $2.6 billion in Canada health transfers. The Canada health transfer in 2025-26 will be a total of $54.7 billion. This is very significant. The member's students would be proud to see that their former teacher is part of a government that believes in providing Canadians with services that are dear to their hearts. When I think of the Canada health transfer, I think of us investing to support services in hospitals and medical care for Canadians. This is the very essence of who we are as Canadians.
I know the member not only cares about Ukraine and spoke about the health transfer, but he also raised a very important issue. One of my colleagues, the former finance minister in Quebec, from whom I learn every day, mentioned one of the first things we did.
I know the students watching at home believe in deeds. Words are easy. We have to listen to them every day. I have been here for almost a decade, and I have listened to a lot in the House coming from the Conservatives. What people at home are wondering about and care about is action. It is deeds.
The first thing the Prime Minister did in this new government was to present a ways and means motion to reduce taxes for 22 million Canadians. This is a promise made and a promise delivered. That is the kind of thing that builds trust in a society. When political parties put forward platforms and deliver on what is in them, it builds trust. These are confidence-building measures.
I am sure the member's students would be proud to see their former teacher in the House tonight, at what is a late hour for some of us who are a bit older, responding to questions to make sure that our democracy is functioning well.
Let us look at the estimates. I say that because I know my Conservative colleagues are very keen to read the main estimates. If we look at the 2025-26 main estimates, we present a total of $486.9 billion in budgetary spending. What the member's students will find interesting, and they will pay attention because there might be a question on the exam, as will my Conservative friends, because sometimes they learn a thing or two from us, is that the majority of the amount, $295 billion, is in transfer payments for provinces, territories or individual Canadians. Therefore, 60% of what we see in the main estimates—