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The Economy Mr. Speaker, global inflation caused by a number of factors. Supply chain bottlenecks, climate change and the war in Ukraine are having significant impacts on the household budgets of Canadians. While Canada's rate of inflation is below average when compared to the Euro area, th
June 22nd, 2022House debate
Terry BeechLiberal
Taxation Mr. Speaker, we understand rising gas prices have had a negative impact on the household budgets of Canadians, but we also know that the increase is a global phenomenon, in part resulting from the war in Ukraine. If we implement a tax holiday on oil and gas, energy companies co
June 22nd, 2022House debate
Terry BeechLiberal
The Economy Madam Speaker, we know that a price on pollution is the best way to fight climate change, and that inflation is a global phenomenon. We also know that the federal price on pollution is 11¢ per litre, and that it is the only fee collected on gas that is refunded to consumers, wit
May 20th, 2022House debate
Terry BeechLiberal
Small Business Madam Speaker, small businesses are the backbone of the Canadian economy. Before the pandemic, we cut their taxes from 11% to 9%. During the pandemic, we had their backs: We supported 450,000 businesses and 5.3 million Canadian workers. Now we are going even further by targeting
May 6th, 2022House debate
Terry BeechLiberal
Taxation Madam Speaker, to make sure that we have the resources needed to invest in Canadians and help our economy continue to recover from the pandemic, we are ensuring that the wealthiest pay their fair share. Our government is introducing a luxury tax that would apply on the sale of ne
May 6th, 2022House debate
Terry BeechLiberal
Burnaby Firefighters Madam Speaker, I rise today to thank our firefighters in Burnaby and in the District of North Vancouver. Not only do they work hard to keep our community safe, but they regularly go beyond the call of duty. On April 23, Burnaby firefighters hosted their gala ball, which raises m
May 3rd, 2022House debate
Terry BeechLiberal
The Economy Madam Speaker, before the pandemic, it took only two Conservative governments to accrue more than 70% of Canada's prepandemic debt. That is because their fiscal ideology is to cut taxes for the wealthy and to cut services for everyone else. In stark contrast, our last Liberal g
April 29th, 2022House debate
Terry BeechLiberal
The Economy Madam Speaker, budget 2022 is entitled, “A Plan to Grow Our Economy and Make Life More Affordable”. This budget lowers our debt-to-GDP ratio and seeks solutions for the labour shortage because our jobs-based recovery strategy has successfully lowered Canada's unemployment rate to
April 29th, 2022House debate
Terry BeechLiberal
The Economy Madam Speaker, we just recently had an election where the Conservatives committed to spending more than what we proposed. They pretend to be good fiscal managers, but this is impossible if they are not committed to evidence-based decision-making. Our government will lower our de
April 29th, 2022House debate
Terry BeechLiberal
The Economy Madam Speaker, global inflation is having a significant impact on household budgets. While Canada's rate of inflation is below that of the U.S., Europe, the G7 and the OECD, we are continuing to focus on making life more affordable. We are indexing important programs, such as th
April 29th, 2022House debate
Terry BeechLiberal
The Economy Madam Speaker, the leader of the Conservative Party herself has already admitted that the extraordinary investments that were made over the course of the pandemic were necessary to protect Canadian families and Canadian workers. Our plan has worked. In fact, we have maintained t
April 29th, 2022House debate
Terry BeechLiberal
Canada Revenue Agency Mr. Speaker, as I have noted, our government supports the spirit of Bill S-216. I appreciate the member's comments about reducing red tape. I also look forward to the delivery in this house of the budget implementation act and am hopeful to be able to commence that work very soon
April 25th, 2022House debate
Terry BeechLiberal
Canada Revenue Agency Mr. Speaker, I appreciate this opportunity to clarify the government's position for my opposition colleague for Sherwood Park—Fort Saskatchewan. I also heard him inquiring about Bill S-216 during the budget debate today, and I am very happy to have this opportunity to address the
April 25th, 2022House debate
Terry BeechLiberal
Taxation Mr. Speaker, in addition to our middle-class tax cuts, budget 2022 proposes additional measures that would make Canada's tax system more fair while promoting economic growth. This includes a permanent 1.5% corporate tax increase on profits over $100 million for banks and life ins
April 8th, 2022House debate
Terry BeechLiberal
The Economy Mr. Speaker, we understand that global inflation is having a significant impact on the household budgets of Canadian families. That is why we are focused on affordability in budget 2022. Let me give three quick examples. We are providing dental care for Canadian families that ha
April 8th, 2022House debate
Terry BeechLiberal