Interventions in the House of Commons
 
 
 
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View Pierre Poilievre Profile
CPC (ON)
View Pierre Poilievre Profile
2017-12-08 11:18 [p.16214]
Mr. Speaker, five months ago, the finance minister told local businesses he would impose a reasonableness test to determine what they were allowed to pay to contributing family members as part of the business.
Now, three weeks before that so-called reasonableness test will take effect, nobody has any idea what it means. There is no written legislation, there are no written rules, but businesses are now scrambling right before the Christmas break to determine what the laws will be.
How is that reasonable?
View Joël Lightbound Profile
Lib. (QC)
View Joël Lightbound Profile
2017-12-08 11:19 [p.16214]
Mr. Speaker, I want to reassure the member that the details will be known very shortly.
I also want to highlight what the finance minister has also announced, which is a reduction in the small business tax rate from 10.5% to 9%. This will represent, on average, $1,600 per small business in Canada and up to a maximum of $7,500 that they can invest in innovation and hiring workers. That is because we believe in the importance of small businesses across the country to contribute to Canada's prosperity. We are very proud of our small businesses.
View Pierre Poilievre Profile
CPC (ON)
View Pierre Poilievre Profile
2017-12-08 11:19 [p.16215]
Mr. Speaker, the small business tax rate was already set for 9% when the finance minister took office. He then raised it back up to 10.5%. We are happy that due to the unrelenting pressure of the official opposition, he has backed down from that.
Now small businesses are expected to have faith in the government's idea of “reasonable”. Reasonable to it is raising taxes on people with diabetes, on waitresses enjoying a small sandwich during their break, on autistic people, on farmers, and on small businesses.
How can the government expect small businesses to have faith that the government will be reasonable in its treatment of family compensation?
View Joël Lightbound Profile
Lib. (QC)
View Joël Lightbound Profile
2017-12-08 11:20 [p.16215]
Mr. Speaker, it is quite the contrary. We lowered taxes for small businesses, from 11% to 10.5%, and now to 9% by 2019. Because we recognize the importance of small businesses in Canada, we will always be behind our entrepreneurs. What is reasonable is to have made the investments in infrastructure, to go forward with the Canada child benefit that has contributed to more growth in the country in the last three years than the Conservatives could ever achieve in 10 years. That is good for small businesses.
View Pierre Poilievre Profile
CPC (ON)
View Pierre Poilievre Profile
2017-12-08 11:21 [p.16215]
Mr. Speaker, the finance minister appears unable to stand and answer basic questions about a plan that he will impose in just three weeks. It is not just that the finance minister owned shares in a company he regulated, or introduced a pension bill while having ownership in a pension company, or sold shares just a week before market-moving tax measures, all those things were ethical lapses and failures. However, because he is up to his eyeballs in these troubles, he is unable to do his job, which is to answer questions and tell people what the rules will be.
If he cannot do the work of a finance minister, why will he not step aside and let someone else do it for him?
View Joël Lightbound Profile
Lib. (QC)
View Joël Lightbound Profile
2017-12-08 11:21 [p.16215]
“Mr. Speaker, I recognize this is Friday and the member for Carleton is sometimes a bit careless with facts.
When we talk about the measures announced on December 7, it was not deemed market moving. Let me remind members, and Canadians listening, that the measures we introduced on December 7, 2015, was to raise taxes on the wealthiest 1% and lower them for nine million Canadians. For the people at home watching this, for middle-class Canadians it is $670,000-plus per year, on average. For a couple it is $1,340 more in its pockets. We recognize that a prosperous and successful middle class is good for Canada.
View Gérard Deltell Profile
CPC (QC)
View Gérard Deltell Profile
2017-12-08 11:22 [p.16215]
Mr. Speaker, after question period, during tabling of documents, we will have the opportunity to verify the claims of the Parliamentary Secretary to the Minister of Finance.
At this time, entrepreneurs know that new tax measures will be imposed on January 1. That means that they have less than three weeks to adapt to these measures. Every day that goes by means that entrepreneurs and job creators have one less day to prepare.
Can the government at least tell us that the new measures will be presented next week at the latest so that we can finally debate them here in the House?
View Joël Lightbound Profile
Lib. (QC)
View Joël Lightbound Profile
2017-12-08 11:23 [p.16215]
Mr. Speaker, I can assure my colleague that the measures will soon be presented, along with the details on how they will affect income sprinkling. Canadians and entrepreneurs will find out about these measures very soon.
I would also like to remind my colleague that the objective of the income-sprinkling measure is to create more tax fairness in our system. We think that it is unfair that individuals in Canada can incorporate and save $48,000 a year, the equivalent of the average salary in this country. In our view, that is unfair and the rules need to be more fair and equitable for all Canadians.
View Gérard Deltell Profile
CPC (QC)
View Gérard Deltell Profile
2017-12-08 11:23 [p.16215]
Every day that goes by means that entrepreneurs have one less day to prepare for these new measures. I hope that the measures will be introduced next week at the latest so we can debate them here in the House.
Canadians are right to be pleased. We remember the sad day, July 18, when the government announced draft legislation that could have resulted in tax increases of up to 73%. This bad government would also have made business people pay much more if they wanted to sell their companies to their children.
Will the government pledge to introduce the new measures as quickly as possible, at least next week, so that our entrepreneurs can adequately prepare?
View Joël Lightbound Profile
Lib. (QC)
View Joël Lightbound Profile
2017-12-08 11:24 [p.16215]
Mr. Speaker, yes, we pledge to do that. The details will be made available very soon.
We will ensure that all entrepreneurs have the information they need to make informed decisions. We do not want to impact family businesses. We will always support the family business model. Our objective is to make our tax system a little fairer.
When the member talks about a bad government, it is important to remember that this government has created 600,000 jobs in the past two years in the Canadian economy, a growth rate—
Mr. Gérard Deltell: No, it was the Canadian economy.
Mr. Joël Lightbound: Yes, but it was the government that created the conditions for this prosperity, for this growth, which is the envy of every country, and the Conservatives were never able to achieve that in 10 years.
View Diane Finley Profile
CPC (ON)
View Diane Finley Profile
2017-12-08 11:29 [p.16216]
Mr. Speaker, there are over 2,000 small businesses in my riding. Most of them are run by people with families and many of them live hand-to-mouth, depending on the vagaries of the federal tax system.
The Minister of Finance has said that he is changing the rules on January 1, but he refuses to provide any details. Just how does the minister think that giving these people less than 24 days to do their tax planning is fair, especially at Christmas?
View Joël Lightbound Profile
Lib. (QC)
View Joël Lightbound Profile
2017-12-08 11:29 [p.16217]
Mr. Speaker, it is important to highlight that our government has always been behind small businesses. We have lowered the small business tax rate from 10.5% to 9% by 2019. We believe that it is important to stimulate growth.
With regard to the question from the member opposite, the details will come very shortly. Our goal here has always been to bring more fairness to our tax system while supporting the family business model in Canada.
View Diane Finley Profile
CPC (ON)
View Diane Finley Profile
2017-12-08 11:29 [p.16217]
Mr. Speaker, I would say that the Liberals are acting like Scrooges, except that Scrooge saved money and that is a foreign concept for this Liberal government. They seem to think it is fair to spend $2.2 million paying actors for their talent, but when it comes to small business owners, the Liberals do not think it is fair to tell them how the tax changes are going to affect them.
In the spirit of Christmas, will the minister tell them what to expect so that they can plan for the new year?
View Joël Lightbound Profile
Lib. (QC)
View Joël Lightbound Profile
2017-12-08 11:30 [p.16217]
Mr. Speaker, as I have mentioned time and time again, the details will come very shortly. What is a foreign concept to the opposition is probably the concept of tax fairness, in and of itself.
Growing this economy, as well, has been a foreign concept to them. They have had the lowest growth since the Second World War, they have had high unemployment, and we have reduced the unemployment levels to the lowest they have been in a decade. That is because this government understands the economy and understands what measures need to be taken to create a prosperous environment in Canada.
View Maxime Bernier Profile
CPC (QC)
View Maxime Bernier Profile
2017-12-08 11:31 [p.16217]
Mr. Speaker, for the past five months, small business people across the country have been waiting for the Minister of Finance's promised tax measures, which are bound to increase their taxes.
While we all joyfully celebrate Christmas and the new year, some people will be feeling somewhat less celebratory about these tax hikes.
Will the government share the details of the tax hike with Canada's entrepreneurs before the new year?
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