Joe Oliver

[Business of Supply, May 14th, 2014]

Mr. Chair, the numbers prove the opposite.

Canadian families in all income groups have seen increases of about 10% or more in their real after-tax, after-transfer income since 2006. Lower income families have seen their real income increase by 14%. That is quite significant.

It should also be noted that in 2011, Canadian families in all income groups had a higher income than before the recession. As a result of the balanced growth in the different income groups, income inequality has not increased in Canada since 2006.

[Business of Supply, May 14th, 2014]

Mr. Chair, first of all, I would like to give out 2 numbers: Montreal, 2; Boston, 0.

Lowering corporate taxes is one of the fiscal measures with the highest multiplier in the long term. That is indicated by the multipliers in the 2009 budget.

Furthermore, our studies on finance show that cutting corporate taxes is the most efficient way to stimulate long-term growth.

[Business of Supply, May 14th, 2014]

Mr. Chair, we have done many things to stimulate the economy.

Some initiatives have a short-term impact and others have a long-term impact. Our government's solid record on tax relief includes many things. I can name them if I have the time to do so.

[Business of Supply, May 14th, 2014]

Mr. Chair, I do not have the exact figures. I know that they are not very high but that they will have a significant long-term impact.

[Business of Supply, May 14th, 2014]

Mr. Chair, I cannot.

However, if the hon. member has the figures, then why is he asking these questions?

[Business of Supply, May 14th, 2014]

Mr. Chair, it was approximately 1.5.

[Business of Supply, May 14th, 2014]

Mr. Chair, I do not have that figure with me right now, but I can send it to the member.

[Business of Supply, May 14th, 2014]

Mr. Chair, it is about 1.7.

[Business of Supply, May 14th, 2014]

Mr. Chair, that number is 1.6.

[Business of Supply, May 14th, 2014]

Mr. Chair, that number is about 1.75.