House of Commons photoLost his last election, in 2015, with 43% of the vote.
Canada-U.S. Relations May 5th, 2014
Mr. Speaker, FATCA has raised a number of concerns in Canada. The new agreement addresses these concerns, relying on the existing framework under the Canada-U.S. tax treaty.
The CRA will not assist the IRS in collecting U.S. taxes, and no new taxes will be imposed. In our negotiations, we obtained a number of concessions, including exempting certain accounts, such as RRSPs, RDSPs, and TFSAs, from FATCA reporting.
The Economy May 1st, 2014
Mr. Speaker, the facts are not on the side of the hon. member.
Low-income families have fallen to the lowest percentage level in three decades. Canadian children from poor-income families have a higher probability of moving up the income scale than in most countries, including the United States, the United Kingdom, France, or Sweden.
Canadian families at all levels have increased their real income by about 10% or more since 2006, and net worth has gone up by 45%. This is an amazing record, and Canada is admired around—
The Economy May 1st, 2014
Mr. Speaker, the OECD study does not take into account tax measures or government transfers.
Taking these into account, average income is up 10% since 2006, with the highest income growth among low-income Canadians.
Under this Conservative government, Canadians in all income groups are better off. We will continue with our low-tax plan, unlike the tax-and-spend Liberals and NDP, whose high-tax, high-spending agenda will threaten jobs and set working Canadians back.
Securities April 30th, 2014
Mr. Speaker, Canada is the only developed country in the world without a national securities regulator. We will comply with the Supreme Court's recent decision. However, we have been working with the provinces for some time to establish a single Canadian securities regulator. We were pleased to announce that a co-operative regulatory system had been established with Ontario and British Columbia. We are awaiting other announcements.
Government Advertising April 29th, 2014
Mr. Speaker, our government listens to Canadians. Canadians are concerned about jobs, low taxes, and economic growth. That is what we have accomplished for Canadians and that is what the economic action plan has done for Canada from coast to coast to coast. We will make sure Canadians know about it and know how to access our programs.
Government Advertising April 29th, 2014
Mr. Speaker, the economic action plan has helped and will continue to help and protect Canadians during the current global economic turmoil.
The government's plan contains many measures focused on creating jobs and supporting economic growth. For the plan to be effective, it is still essential that Canadians know how to access those measures.
The Budget April 29th, 2014
Mr. Speaker, the hon. member opposite does not listen very well, and apparently he does not read very well either. He seems to have a bit of a problem with numbers.
The fact is that Canadians are doing better than they ever have before. Net worth is up 80% since 1999. Net worth is up 44% since 2006. We are doing better than other countries.
If we had followed the reckless advice of the NDP, we would now not be in a position to preserve our social programs and move on to a budget surplus next year.
The Budget April 29th, 2014
Mr. Speaker, from the depths of the recession, we have created 1.1 million new jobs. Canadian wealth has never been greater. The median net worth of Canadians has increased by 45% since 2006, by over 80% since 1999, and there has been a 10% increase since 2005 in average income. Canadians have saved $3,400 in taxes since 2006.
We are doing better than other developed countries and we will stick with a budget that works.
The Budget April 29th, 2014
Mr. Speaker, our government and our policies are working well for Canadians. In fact, our economy is doing better than other G7 countries. Our debt is one-half that of the G7 average. Canadians are wealthier than they ever have been before—wealthier than Americans, wealthier than the British, wealthier than the Australians.
This is a sound policy that is working for Canadians right across the country from coast to coast to coast.
The Economy April 29th, 2014
Mr. Speaker, balanced budgets keep taxes low, inspire investor and consumer confidence, and are vital to job creation and economic growth. Unlike previous Liberal governments, we do not balance the budget at the expense of the provinces by reducing transfers. Unlike the NDP, we will not introduce new taxes, such as the $20 billion carbon tax on everything.