Chrystia Freeland

[Questions on the Order Paper, June 19th, 2024]

Mr. Speaker, the total expenditures incurred to produce the 2024 budget documents amount to $390,094.02. Please find a detailed breakdown below.

In response to part (i), the consulting costs were $0.00.

In response to part (ii), the publishing costs were $0.00.

In response to part (iii), the printing costs were $269,858.61.

In response to part (iv), the design costs were $180.00.

In response to part (v), the writing costs were $0.00.

In response to part (vi), the marketing costs were $0.00.

In response to part (vii), any other costs, the translation costs were $120,055.41.

[Taxation, June 18th, 2024]

Mr. Speaker, we have already established that the Conservatives are not on the side of working Canadians. They are not on the side of the nurse, the plumber or the soldier who is living from paycheque to paycheque. They are on the side of the multi-millionaire who has already made $250,000 in capital gains profit in a given year. However, in opposing this measure, they are also opposing dental care that will help nine million Canadians, school food for 400,000 children and our plan to build four million homes in Canada. Shame on them.

[Taxation, June 18th, 2024]

Mr. Speaker, yet again, the Conservatives need to work just a little harder, not only on being less hypocritical about support for working Canadians, but also on just getting their facts straight. After this move, the capital gains rate in Canada will be lower than the tax paid in California or in New York City. Furthermore, the METR, Canada's marginal effective tax rate, is the lowest in the G7, and anyone who read the budget would have seen that.

[Taxation, June 18th, 2024]

Mr. Speaker, as a proud farmer's daughter, I truly want to reassure my hon. colleague that I often talk with farmers and I respect their work very much.

That is why I am proud to announce that on June 25, we are increasing the lifetime capital gains exemption to $2.5 million for a couple. This is an important measure for farmers in Quebec and Canada.

[Taxation, June 18th, 2024]

Mr. Speaker, I am very happy to do so.

These deflecting and deceiving Conservatives should be a little careful when it comes to talking about gold-plated public pensions. After all, they are led by someone who has worked his entire life for the government and someone who currently lives in government, luxurious housing and has a government chef.

Now, when it comes to working people, we are on their side. The Conservatives have just shown that they are not.

[Taxation, June 18th, 2024]

Mr. Speaker, these deflecting and deceiving Conservatives should be a little bit careful when it comes to talking about gold-plated public pensions. After all, their leader has worked his entire life for the government. He currently lives in government accommodation—

[Carbon Pricing, June 18th, 2024]

Mr. Speaker, the Conservatives are showing not only that they are fake populists, but also that they are populists who cannot do math.

We have been really clear that the new level of capital gains inclusion kicks in only after each individual has made $250,000 in capital gains, and they can do that every single year. That is the reality, and the Conservatives are ashamed of themselves.

[Carbon Pricing, June 18th, 2024]

Mr. Speaker, as the proud daughter of a farmer, I know the huge contribution farmers make to our country. That is why I am glad that with these tax measures, we are able to increase the lifetime capital gains exemption to $1.25 million for each farmer in Canada.

I also know that farmers are hard-working people. They are on the side of the working people, not on the side of the multi-millionaires, but that is not the side the Conservatives are on.

[Carbon Pricing, June 18th, 2024]

Mr. Speaker, let me share some economic analysis: “Here we have a monstrous policy of transferring wealth from wage-earners to asset-holders, from the working class to the wealthy.... Here we have a policy that is specifically designed to transfer wealth from those who earn wages to those who earn capital gains through their assets.” Who said that? It was the current Conservative leader. He was railing against the holders of assets and claiming to support working people, but we learned last week that is fake populism.

[Carbon Pricing, June 18th, 2024]

Mr. Speaker, the average income in Calgary Forest Lawn is $35,000. The average person in Calgary Forest Lawn can only dream of having an income of more than $250,000 a year. However, their MP thinks that the average person earning $35,000 in Calgary Forest Lawn should pay tax at a higher rate than a multi-millionaire making a profit of more than $250,000 a year. That is shameful.