Canada Business Corporations Act  Madam Speaker, I thank the member for Central Okanagan—Similkameen—Nicola for his very substantive speech tonight. Can he share with the House how his constituents feel about ending money laundering? What do the great people of Central Okanagan—Similkameen—Nicola think the government should be doing to provide more transparency and accountability as it relates to money laundering?

Lytton Businesses  Mr. Speaker, June 30 marks the second anniversary of the deadly fire in my riding that decimated Lytton, two years of residents without a home, two years of students unable to reunite with their classmates, two years of entrepreneurs unable to restart their businesses. Lytton entrepreneurs and small businesses are doing everything they can to recover.

Canada Business Corporations Act  Mr. Speaker, we all know very well that we cannot refer to sitting members of this House of Commons by their name. It is the member for Durham.

Canada Business Corporations Act  Mr. Speaker, to my knowledge, I am the only member in this chamber who participated in the amendment stage of Bill C-42. I will point out that we worked in good faith with all members of this House of Commons to put forward common-sense amendments to the legislation. The hour before we had clause-by-clause, we had some of the most critical witnesses appear on this bill.

Petitions  Mr. Speaker, the first petition I would like to present today is on behalf of the village of Lytton, which was decimated by fire on June 30, 2021. We are coming up on the two-year anniversary. When this petition was written, Lytton was still under an evacuation order. That was lifted two days ago.

Petitions  Mr. Speaker, the second petition I would like to present today is on behalf of the people of Agassiz, who are trying to build a regional aquatic centre. This project was inspired by a progressive approach to reconciliation. All of the local first nations have worked with the District of Kent to get the Lets'emot community and aquatic centre built.

Canada Business Corporations Act  Madam Speaker, I would like to understand the rationale behind lowering the significant threshold from 25% to 10%. Indeed, the New Democratic Party supported this amendment after hearing testimony during the debate at committee on why Canada should be a leader in money laundering to adopt a more progressive threshold, which was outlined by the RCMP.

Canada Business Corporations Act  Madam Speaker, Mission—Matsqui—Fraser Canyon is Canada's number one riding. I will just note that, during the witness testimony, we heard from Transparency International and the RCMP that the standard practice the government keeps talking about was not actually a standard practice; it was just a norm that became adopted.

Canada Business Corporations Act  Madam Speaker, indeed, the member raised some important points. I do not believe that any of the security officials who appeared at committee, in their limited time, referenced a correlation between this legislation and the invasion by Russia into Ukraine. I think what is important in this registry, as the lawyers from the Canadian Bar Association outlined in their information to the committee, is that we balance the Charter of Rights and Freedoms right to protection of personal information with the need for a public registry to ensure that we end snow washing in Canada.

Canada Business Corporations Act  Madam Speaker, I actually raised the hon. member for Nepean's testimony from the debate we had at second reading during the amendment process. We should do more to ensure that valid government identification is included in the registry, maybe not on the front end that the public can access, but making sure that our law enforcement agents can in fact review that information in a timely manner.

Canada Business Corporations Act  Madam Speaker, if we are to compare the way we take information for someone who donates to a political campaign in Canada versus the United States, I think we can rest assured that in Canada, we have a maximum donation of $1,700 for an individual. No corporations are allowed to donate in Canada, and we have a public registry that is updated on a regular basis by Elections Canada.

Canada Business Corporations Act  moved: That Bill C-42 be amended by deleting the long title. Mr. Speaker, it is a pleasure to rise on Bill C-42, an act to amend the Canada Business Corporations Act and to make consequential and related amendments to other acts. I outlined the amendment because we really did not study or work on too many other acts.

Committees of the House  Madam Speaker, with respect to the labour shortage and housing for workers, including housing for people who build homes, the Canadian Home Builders' Association came forward with a very interesting proposal, and it is one I support: removing the GST on new home builds in Canada.

Committees of the House  Madam Speaker, I actually do believe that the private sector has a much bigger role to play in solving the housing crisis we find ourselves in today. I do believe that the private sector could do much more. What we have seen in the last eight years is a government trying to replace the private sector, and all we have seen are disastrous results, higher housing costs, more homelessness and more debt.

Committees of the House  Madam Speaker, let me just say that, in the 1970s and 1980s, when we had the most purpose-built rentals constructed in our country, it was under a taxation plan that deferred capital gains. That is the only time we have seen the amount of rental construction that we actually need.