The House resumed from November 26 consideration of the motion that Bill , be read the second time and referred to a committee, and of the amendment.
:
Mr. Speaker, I rise today to address Bill , the first budget implementation act. The budget was introduced after Canadians were made to wait well over a year to understand the fiscal reality the Liberal government put them in after 10 years.
Canadians are facing a harsh and worsening reality. When they open their wallets, they see less money and fewer opportunities. They are met with promises from a government that insists a few more billion dollars in Ottawa spending will magically resolve their struggles. The same government believes the same ideas are going to fix its messes: spend more, borrow more and add bureaucracy. Every time, it makes the situation worse.
I stand here representing the great people of Red Deer, Alberta, to tell the government my constituents have had enough. They have had enough of the 10 long Liberal years that continue to add inflationary spending to the already ballooned national debt left by Justin Trudeau.
Speaking of Justin Trudeau, as prime minister, he spent more of Canadians' hard-earned dollars than all other prime ministers in the history of Canada combined. Today, the current is well on his way to eclipsing the unfortunate milestone set by his predecessor.
Budget 2025 is not a blueprint for prosperity. It is a blueprint for more government intervention, more centralized planning and more top-down bureaucracy.
Just six months ago, the claimed he would restore discipline and fiscal credibility. Instead, the budget revealed a sharp departure from those commitments. What do Canadians have to show for it? They have a federal debt standing at nearly $1.3 trillion; $141 billion in new spending; a $78.3-billion deficit in 2025-26 alone, which has ballooned from $62 billion; an affordability crisis in which housing costs have doubled and food, fuel and necessities are out of reach for many; GDP stagnation to only 1% between 2014 and 2024; and a lower standard of living.
According to the Parliamentary Budget Officer, the federal debt-to-GDP ratio in budget 2025 is projected to be higher compared to the 2024 FES and is no longer projected to be on a declining path over the medium term. The federal government's own so-called debt-to-GDP fiscal anchor has been abandoned. The government promised to help municipalities cut homebuilding taxes in half. The budget breaks that promise and locks in higher housing costs.
Meanwhile, Canada is mired in a productivity crisis of its own. Just days ago, the deputy governor of the Bank of Canada stated that we are stuck in a “vicious” cycle of “weak productivity.”
He further stated:
A certain level of regulation is essential, of course. But it’s fair to ask if we could regulate better. This could mean speeding up approval processes, re-evaluating the scope of some rules and reducing the overall uncertainty around regulation. We also need to address overlap, redundancies and contradictions between the different levels of government.
This is not some partisan Conservative attack. This is a government official in an institution tasked with setting the monetary policy of the government, which is something the should know well enough about.
Canadians expect economic stability, yet StatsCan shows the economy weakening rapidly. GDP grew by only 1.1% in the past year, for the second-lowest growth in the G7. Canada has lost more than 27,000 manufacturing jobs in the past year. Business insolvencies are up 35% year over year, which is the highest increase since the eighties. Wages are falling in real terms, with young workers experiencing the sharpest declines. Core inflation remains above 3%, and food inflation continues to rise month after month.
When parents in Red Deer wake up every morning, too often they are forced to wonder whether their paycheques will be enough to cover their rent or whether they will be able to put healthy, nutritious food on the table for their families. In March 2025 alone, there were 2.2 million visits to food banks across Canada, the highest number ever recorded.
In Alberta, 36% of food bank visits were for children. Even more troubling, employment income accounts for the largest share of income sources among food bank visitors, 31% of all visits. That means that fewer Albertans even have the means to donate to food banks to help their neighbours in need.
Let us talk housing. The government stole the dream of home ownership from an entire generation of young Canadians. Canadians were told that homes would be built at a scale and speed not seen in generations. What did the budget do? It created another bureaucratic organization and less action. The agency promised to immediately cut development charges in half. That has gone unfulfilled, and CMHC confirmed in October that housing starts are down 17%.
Young Canadians want to start a family and to be able to live the life they were promised after they were educated and have worked hard, but now they find it impossible to get ahead. This is the first generation in decades that has a lower standard of living than their parents and their grandparents did, and the government believes that bringing in more immigration will fix the problem. While Canadians are stuck without support to start and grow their own family, mass immigration into this country has played a major part in the affordability crisis, robbing Canadians of prosperity in their own country. It is simple: More people taking up more infrastructure, health care capacity, housing and government subsidies means less availability for Canadians already here.
It is not the fault of people coming to Canada under a false promise of a better life from a government without a plan for them. For decades, immigration with proper integration has shaped our communities and helped forge who we are as a nation. Indeed, it is the government's own doing of rapidly expanding our migration numbers without ensuring our institutions can handle it that has both collapsed Canadian confidence in our immigration system and led to the fracturing of communities across our country.
For example, over the past number of weeks, we have heard over and over again at the health committee that not one health care body was consulted on immigration levels to ensure that our health care system could handle them. If the people working to keep Canadians healthy do not even have a say on how many people they can treat, how can they be expected to care for millions more on top of their burden? Well, they were expected to, and the government said, “too bad”.
Over 6.5 million Canadians are without a family doctor, and the nursing shortage is expected to exceed 100,000 nurses by 2030. Meanwhile, there are 80,000 foreign-trained health care professionals who came to this country to work in our health care system but are not able to do so. Again, government red tape and bureaucracy have made it impossible, but instead of integrating the health care professionals who are already here in Canada, the government wants to repeat the same mistake and bring in more. This is not sustainable.
All of this adds up, and somebody eventually has to pay the bill. It is simply unfair to pass on responsibility for today's reckless spending to our future generations while the government repeats the same mistakes of the past decade that led us to the problem. The government should be looking to unleash the power of Canadian ingenuity and industry; set the standards for growth; get out of the way; and incentivize the free market, not be the main driver of a centralized economy, or worse, make the conditions of a free market impossible to grow so that government is the only answer.
Canada has limitless potential if only the government would not see itself as the main character but as a supporting act to the Canadians who power it. Approve energy development, restore investor confidence, reform project approvals, expand our industries and get out of the way.
The people of Red Deer will not accept the irresponsibility of the budget. They demand and deserve better. They want action and real progress, not just the illusion of something happening, with more talk and announcements. I will always stand here to be their voice against a government that has silenced them.
Conservatives will always fight for Canadian families and Canadian workers. I urge the government to start doing the same.
:
Madam Speaker, budgets are not just about numbers; they are about trust. They are a promise, a promise that a government makes to its citizens: that it will be responsible with their money, transparent with their books and honest with their future.
When Canadians open their credit card bills, they do not see “operating” and “capital”. They do not get to move expenses around to a different column to make the numbers look better. When their fridge breaks or their mortgage payment rises, Canadians do not get a special carve-out or a subsidized tax shelter in Bermuda; they face reality, and all they ask is for their government to do the same.
When the Liberal announced that he would be splitting operating spending and capital spending in the federal budget, many economists, fiscal watchdogs and Canadians expressed deep worry, not because the idea was new but because it looked dangerous. It looked like an accounting trick used to hide deficits, confuse Canadians and bury the truth.
The parliamentary budget watchdog confirmed that this is exactly what is happening. The Liberal 's new bait-and-switch definition of capital spending, according to his words, is “overly expansive” and “expands beyond the current treatment in the Public Accounts” and practice adopted by other countries.
Instead of following international standards, the Liberal quietly lumped in corporate tax breaks, subsidies, incentive programs and boutique handouts that would not be considered capital anywhere else in the developed world. He counted them anyway.
By using a proper, internationally accepted definition, the parliamentary budget watchdog found that real capital investment spending was 30% lower than what the Liberals claimed it was. That is a $94-billion difference, a number hidden in the fine print. At the end of the day, every dollar the Liberal spends comes out of the pockets of hard-working Canadians through higher taxes, higher inflation and higher deficits. Canadians see it clearly. Canadians deserve an honest and affordable budget, not a manipulated and costly credit card Liberal budget.
A government that loses control of the numbers eventually loses control of the truth. First the Liberals had a fiscal anchor to keep federal debt-to-GDP on a declining track. They abandoned it. Then they created a new anchor, balancing only the so-called operating budget within five years. They abandoned that too. The Liberal has now moved this goalpost even further, maintaining a declining deficit-to-GDP ratio. The parliamentary budget watchdog has already confirmed that there is only a 7.5% chance that this will actually happen. That means that there is a 92.5% chance that the government will not even meet its own target.
This is the same Liberal government that warned last year that keeping a stable debt-to-GDP ratio was key for fiscal responsibility, investor confidence and protecting Canada's AAA credit rating. Fitch Ratings, an independent credit ratings agency, has already issued a warning that the costly credit card budget and the Liberal accounting tricks underscore the erosion of the federal government's finances. When ratings agencies start to warn us, investors pay attention. The cost of borrowing gets more expensive, and the cost does not fall on the Liberal ; it falls on working Canadians, families, homeowners, seniors and the next generation.
After spending months boasting that his fiscal anchor will lead to stability, the Liberal could not even pass his own test. He is proving that he is not trustworthy at all.
Behind every lofty speech and Liberal promise is one undeniable truth: that the numbers do not lie. Under the Liberal , the federal debt is growing by $10 million every hour. That is how much he is costing Canadians. He will add $321 billion to the national debt over the next five years, more than twice what Justin Trudeau would have added over the same period. Federal debt now stands at $1.35 trillion, the highest in Canadian history, after the Liberal government doubled it over the last 10 years.
Next year taxpayers will spend $55.5 billion in interest payments alone, more than what the government pays in federal health transfers and more than what it collects in GST revenue. That is $3,300 per Canadian household, just to pay interest on old debt, not a single dollar to be used for hospitals, schools or infrastructure, let alone for repaying any of the debt the Liberals have accumulated.
Meanwhile, real GDP growth in 2025 is stalling at 1%, the second-lowest in the G7. Since January, Canada has suffered a $62-billion net outflow of capital. It is not just people leaving; we are hemorrhaging investment, innovation, talent, factories and future employers. Investors are voting with their feet. They are losing confidence in Canada, and our productivity crisis and unemployment rate continue to worsen. Investors are warning us about the government's fiscal recklessness with their capital. We cannot build Canada strong when capital jobs and confidence are leaving faster than they arrive.
The Liberals told Canadians their new so-called expenditure review would save $50 billion, but the parliamentary budget watchdog has his doubts. This so-called review lacks any detail regarding the impact on individual programs. It provides no information on how it would affect services, staffing outcomes or reporting. It has no accountability mechanism at all. In other words, it is not a real expenditure review; it is just a Liberal press release.
The costly Liberal budget will increase gross new spending by $140 billion. Even if we take the $50-billion claim at face value, the costly Liberal budget would still increase net new spending by $90 billion. The math is simple. Even after using the Liberals' own inflated numbers, there are no savings, just bigger deficits, bigger debts and bigger burdens on Canadian families and the next generation.
The Liberal broke every single promise he made just eight months ago. He promised to keep the deficit at $62 billion; it is at $78 billion. He promised to lower the debt-to-GDP ratio; he is raising it. He promised to spend less; he is spending $90 billion more, which is $5,400 in extra inflationary spending per household. He promised more investment, but the costly Liberal budget even admits that private investment in Canada is collapsing and that productivity has worsened in the last 10 years. He promised transparency and then delayed the public accounts, in other words, the official audited financial statements of the Government of Canada, for months for the second year in a row.
He is not just breaking promises anymore; he is breaking Canada. It is no wonder the Liberal asked Canadians to make some sacrifices, as if Canadians have not sacrificed enough for Liberal failures. He wants to lower the expectations of Canadians and have us be content with less, because he simply is not delivering.
A government that conceals its books has already lost control of them. Canadians recognize that for what it is. Whether it is a cover-up or typical Liberal incompetence, only time will reveal which truth the Liberals are running away from.
While Canadians rushed to file their taxes, were squeezed by rising costs and were terrified of the CRA, one Canadian had no such worries. It was the , who is proving this to be the same old Liberal government with a new Liberal cover-up. While he was advising Trudeau to hike taxes on small businesses, tradespeople, doctors and families, his own Brookfield funds had their income stashed above a bike shop in Bermuda, a notorious tax haven with zero capital gains taxes, zero dividend taxes and zero withholding taxes. He was not just minimizing taxes; he was avoiding them entirely to the tune of $5 billion or more.
Under the Liberal government, there is a two-tier tax code for Canadians. There is one for the rich Liberal friends of the and another for everyone else. Worse yet, in this costly Liberal budget, the Liberal Prime Minister gave himself and his buddies a tax break on the purchase of luxury yachts and private jets, while voting against scrapping taxes on food and groceries. The Liberal Prime Minister helped design a tax system he did not have to live under because he was living outside of it. While Brookfield was safely storing profits in Bermuda, small charities and family businesses faced the full force of the Liberal tax-collecting agency.
On top of egregious tax avoidance, the Liberal 's conflict of interest cover-up is even worse. Brookfield's chief operating officer confirmed this month that 95% of its companies are not covered by the so-called ethics screen. That means 1,900 companies stand to benefit from government decisions that will enrich the Prime Minister personally at the expense of taxpayers, and Canadians will be kept in the dark about how those companies are involved.
The Liberal is even taking private meetings with Brookfield executives at the Prime Minister's Office and while he travels overseas. With ethics like this, how can Canadians trust him? He is starting to look a lot like the last Liberal prime minister, just more costly. At the end of the day, Canadians deserve a prime minister whose loyalty is to the public, not to his private portfolio or the shareholders of Brookfield.
Canadians feel betrayed. Do we continue down the path of manipulated budgets, rising debt, shrinking paycheques and declining prosperity, or do we rebuild a country where the numbers are honest, the budgets are responsible and the promise of Canada, that hard work leads to an affordable home, opportunity and security, is restored?
The Liberal promised Canadians he was a seasoned central banker who could be trusted to spend less and invest more, but it turns out he is just another Goldman Sachs investment banker who is in it for himself and the Brookfield shareholders. Canadians are left to pay the price this time.
Conservatives will expose the truth, restore fiscal discipline, demand transparency and protect taxpayers. We will rebuild a country where hard work leads to a home with a yard on a safe street and affordable and nutritious food on the family dinner table every day, and where the next generation is not sacrificing to survive, but thriving for a better tomorrow.
This is not just the Conservative way; it is the Canadian way, and it is the Canada we will fight to restore.
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Madam Speaker, it is always an honour and a pleasure to rise in this House on behalf of the good people of Windsor West.
They are not impressed with this budget implementation act. This is not just another budget for the people of Windsor. It took the government six full months to bring it forward after forming a minority government. It took six months, while families watched the price of milk go up. It took six months, while rent climbed and mortgages increased. It took six months, while the cost of everything, from basic necessities to kids' hockey, went through the roof.
When the budget implementation act finally arrived, folks looked at it and asked the same thing many of us are thinking here: Where is the help the government promised? That is the first of five questions I am putting before this chamber, not for theatre or to score points, but because people at home deserve straightforward answers.
First, where is the support families were promised after six months of waiting? Windsor is not a city of complainers. We do not expect perfection, but we expect fairness. We are a city that knows what work means, whether it is shift work, working on a line or driving a rig across the border. Our people do not sit still. They do not wait for someone else to fix their problems. They get up and get on with it.
However, they cannot keep absorbing rising costs while Ottawa keeps saying that help is coming. Help is not coming quickly enough, and sometimes it does not come at all. Grocery bills are up, rent is up, gas is up and insurance is up, especially in border communities like ours. I have met parents who have skipped meals so their kids could eat. I have met seniors who ride one bus to buy slightly cheaper bread and then another to pick up prescriptions, because every dollar matters.
Budget slogans do not fill kitchen cupboards. Press conferences do not lower bills. Families do not need speeches; they need policy that delivers. That is why budget delays matter. That is why every month counts. That is why people are asking, “If families cannot delay their bills, why was the government allowed to delay the budget this long?”
Second, how does the government spend record-high deficit money and still deliver less? I want to be fair here. I understand that the government had to spend more money during COVID, but what people want now is clarity. If we are posting the largest deficits in Canadian history outside of a crisis, the results should be tangible, visible and undeniable. That is not the case here.
In communities like mine, what we see instead are gaps. Seniors are falling behind because they are on fixed incomes. Students are taking on more debt with fewer job guarantees. New immigrants are driving for Uber because they cannot match their skills with the jobs available. That is a failure of immigration policies. Small businesses are shuttering due to high costs. Families are lining up at food banks in record numbers, and churches are stepping in to fill the gaps. When the government spends this much and life still gets harder, something is fundamentally wrong.
The people in Windsor understand budgets. Households have them, shops have them and shift workers plan around them. They know they cannot put everything on a credit card and hope that tomorrow pays for yesterday, yet the government continues down that road, asking Canadians to trust that it will all balance out someday. The former prime minister said the budget would balance itself, but nothing balances itself. Someday is not a plan, and eventually is not a strategy.
That brings me to question number two: How do we have record spending and record deficits and still have record amounts of struggle on our homes and streets?
Third, If Windsor feels the fire of a trade war, why does the say there is no “burning issue”? We are a border city. We feel trade pressures before anyone else in the country. With one slowdown at the bridge, one tariff or one retaliatory measure, Windsor pays first.
We have lived this reality for decades, but this week, the Prime Minister suggested the trade dispute with the United States is not a burning issue; it is just a minor detail. He asked, “Who cares?” These are not words that Windsor West expects a prime minister to say. Jobs, exports, tool-shops and auto supply chains are not just background noise; they are real people, and these struggles matter.
Windsor cares. The workers at Titan Tool and Die care. They have been shut out of the factory because the owners have moved their operations across the Detroit River, and management is not even talking to the workers anymore. Toolmakers do not need slogans; they need fairness, predictable policy and respect from their own leadership, because when a trade war hits, the blast radius directly impacts border communities like mine. I ask the government, plainly and directly, question number three: If our manufacturing sector is sweating from the heat, how does the not see the flames?
Fourth, why are we encouraging Canadian pension funds to invest in the U.A.E. or the U.S.A. while Canada is put on ice? I want Canadians to hear this clearly: While our economy contracts, Brookfield is signing deals around the world at a breakneck pace, and Canada, somehow, is left standing in the hallway. We are watching pension capital flow offshore while we desperately need investment here at home. The company most associated with these deals has quietly benefited more than almost any other in the country, while average families pay the price.
People ask me questions at coffee shops, at the arena or at the temple after prayers: How do we have money for foreign investments but not enough for new homes or lower food costs? Why can Brookfield close deals abroad while Canadians struggle to pay more rent at home? How did the government become more interested in pleasing global finance, as with Brookfield, than its own workers? These are not wild conspiracy questions; these are kitchen-table questions. The fact that Canadians even need to ask them is alarming, in and of itself. Let me place this question question on the floor of this House: Why is the government prioritizing global investors over Canadian workers who built this country with their own blood, sweat and tears?
Fifth, if this budget can move billions internationally, why can it not move projects in Windsor? This is where it becomes a reality for my hometown. Let us talk about the Gordie Howe International Bridge, a transformational project that was delayed, redated and adjusted, and still we do not have a firm final opening date. Businesses are planning logistics in a blind fashion. Truckers are paying premium rates for aging infrastructure. Small companies are wasting hours while idling at border queues. Do members want to know how to kill a business slowly? It is by taking away predictability.
Then there is the Ojibway national urban park, an environmental jewel, a generational opportunity and a chance for preservation, stewardship, education and pride, yet the file is shuffled, pushed back and still waiting. Windsor waits and waits, and at some point, that waiting ends up eroding trust and begins to look like neglect. I am not here to pick a fight; I am here to ask for some fairness for our city. Every press release in Ottawa seems to come with fireworks, but in Windsor, we are still waiting for answers. We are waiting for timelines that do not move, like shadows on a wall.
Here is question number five: If the government can move money offshore in a heartbeat, why can it not move projects forward in Windsor? I am not standing here angrily. I stand here determined because Windsor matters, our workers matter, our future matters and Canadians matter. We are not asking for handouts; we are asking for fairness and for urgency. We are asking for leadership that treats border communities like economic engines, not afterthoughts. Families are tired of speeches; they want action. Seniors are tired of promises; they want affordability. Businesses are tired of waiting; they want Canada to compete, not retreat.
Today, on behalf of the people of Windsor, I have five questions. Where is the help? Why do the Liberals spend more and get less? why is the trade war not a burning issue for the ? Why are foreign investors prioritized over our workers? Why does Windsor keep getting told to wait?
Canadians are ready. Windsor is ready. It is time that the government showed up with a real action plan and did something for regular Canadians for a change.
:
Madam Speaker, I am happy to participate in the debate today, and it will come as no surprise that I will say up front that I will vote against the bill.
The loves to yell in the House that this is a generational budget. What is clearly and unequivocally true is that this is a budget imposing massive, crushing and unforgivable generational debt. I cannot help but point out that our deficit is now just under $80 billion, a number that would make even Justin Trudeau blush.
Canada's productivity has slipped badly among G7 nations. Why? Capital is staying on the sidelines as confidence lags. Investments in equipment, new innovation and business efficiencies are on hold because of basic economic uncertainty. That is the essence of productivity. The last thing our economy needs right now is uncertainty, yet here we are.
I have listened intently to my colleagues on the Liberal side of the House talk about this budget, and it left me wondering how so many people have suddenly come down with a case of “sometimers”. Perhaps it is a form of political amnesia, because it seems that those on the front bench of this so-called new government have forgotten that they paved the way for this massive dive into new generational debt.
While the says his words were poorly chosen when he said “Who cares?” about dealing with Trump, what is said in jest often holds an element of truth. His “Who cares?” comment tells us a couple of things. Perhaps he is just going through the motions with the U.S., and CUSMA is the backstop, at least for now. He loves to say that Canada has the best deal right now. Well, frankly, that is a crock. We have the same CUSMA deal we had before the election, with a pile of new tariffs on everything outside that agreement. That is an abject failure. Maybe he does not care because he is hoping that Trump loses his court cases or perhaps loses control of Congress in the midterms, or that the U.S. economy finally feels the inevitable pain of tariffs, with job losses and inflation.
Silence and saying “Who cares?” are dangerous, misguided, irresponsible and frankly lazy. We are in a trade vacuum with a case of George Costanza's elbows-down shrinkage factor. Everyone knows it is a precarious game negotiating with Trump and his sycophant team of validators. Trump is a bit like Biff Tannen in Back to the Future Part II, where the bully controls the dystopian town and the people around him. Perhaps the strategy is just to wait him out and hope for the best.
When Trump opens up CUSMA, which he most certainly will, Canada's economic stability is literally on the table. The idea that we are going to supplant our trade with the U.S. with trade in other jurisdictions may appear to be an opportunity, but it is at best a long-term objective. If we ask anyone who has built a successful SME in Canada, they will tell us that it takes decades to develop the relationships and supply chains needed to provide solid predictability in our export markets.
Some 75% of Canada's exports go to the U.S. That may fluctuate, and it has over time, but fundamentally our relationship with the U.S. is never going to change in our lifetime. To suggest otherwise ignores facts, history and the natural political, geographic, economic and basic integration of our economies. The north-south network of supply chains, transportation and logistics, built over decades in relationships and confidence and trust in financial linkages, is not something that our manufacturing and service sector can abandon or miraculously recreate in other jurisdictions just because the says so.
It took 100 years for our economy to evolve to ensure the efficient movement of goods and capital and ensure stable supply chains. Saying that we are going to double trade with Europe is fine, but it is not going to fix our problems before CUSMA comes up for review. Let us be clear: Canada's economy has evolved over the past 50 years through technological change and the realization that trade liberalization was the only pathway to improving the Canadian standard of living.
Money flows to the path of least resistance balanced against return. Policy drives the creation of that path. However, as we developed our north-south trade strategy, we abdicated our responsibility in supporting a national manufacturing strategy and, most importantly, a national access to capital strategy.
I know this because I have spent the past 20 years helping Canadian start-ups commercialize their ideas against strong and sometimes insurmountable barriers against capital access. There were incredible successes in the Canadian start-up ecosystem, like Shopify and Hootsuite, among many others. BlackBerry is literally responsible for the creation of the Waterloo innovation machine that paved the way for Canadian entrepreneurs to chase their dreams.
The Harper government launched an incredibly helpful program to enhance the innovation sector through support to the angel investing community. It was inexpensive yet enormously successful, and it bridged the gap between ideas and capital. Angel investor groups popped up across Canada and aggregated substantial amounts of capital to support Canadian companies. Sadly, the Trudeau government cancelled this program.
Over the past 10 years, we have missed the boat in establishing an access-to-capital platform to support companies beyond the early stage phase. Regional development agencies could have been the platform for this, but are basically acting as bailout agencies instead of a network of strategic investment for Canadian start-ups.
I have seen dozens of companies leave for the U.S. simply because they could not obtain funding in Canada. The U.S. offered the solutions to risk-averse Canadians to provide a runway of support to these companies that wanted to stay here but simply could not turn down the opportunities south of the border. This should be low-hanging fruit for us. If the government is intent on nosediving our nation into debt, how about we first take a look at how we fund our brightest and best in this country and try to fix the gap between capital and ideas.
We need to incentivize Canadian capital to actually invest and stay here in Canada. Eight out of 10 start-ups ultimately fail. Angel investors, angel funds and venture capital funding vehicles are familiar with this risk, but as we navigate this uncertain time, as I said earlier, capital is staying on the sidelines. Fifteen years ago, it was easier for us to attract early-stage investment because it was the policy priority of the federal and provincial governments. Accredited investors organized and went on a tear of investing in Canadian companies. It was a beautiful thing, but investing fatigue has now set in because deal flow is weak and confidence is low.
The incentives for investing in start-ups today in Canada are non-existent. That is the barrier to investment. That is the tragedy of where we missed the chance over the last 10 years to provide incentives for investment. To be clear, this is not a tax break for the rich; this is an incentive for people who are willing to take risk on Canadian companies. Make no mistake: The risk is high. The two out of 10 that actually make it to market need years of mentoring and support, with multiple rounds of investment. Unless we are prepared to support this ecosystem, we will continue to tilt at windmills, watch our best and brightest move south and continue to weaken our domestic innovation ecosystem.
My is onto something. He is really onto something when he talks about eliminating capital gains taxes, provided that the gains are invested in Canadian companies. People understand this at the ground level. If we could provide this kind of incentive to support Canadian start-ups, we could build a more diversified economy where Canadian companies and capital stay here and grow here. This is the real nation-building effort, one company at a time. It will create confidence and enthusiasm and bring massive private capital reserves back into our economy.
Canada is over-regulated, overtaxed, disincentivized and uncompetitive, with the worst productivity rate in the G7. The government says it wants new ideas. I just threw several at it, all validated by past best practices and all cancelled by the Liberals.
The Liberals talk a good game, but talk is cheap. The “we believe in Canada” ad nauseam is offensive to me. It suggests that only Liberals believe in Canada. I also believe in Canada. My life's work has been dedicated to creating value for Canadians, jobs for Canadians and growth in my region.
My small grandchildren will pay the price for this, and only Conservatives will bring sanity and solid fiscal policy back to our country and put Canada first.
:
Madam Speaker, the was elected on a promise that the Liberals would stand strong against Trump and would fight American tariffs. He even did an elbows-up dance following the election.
What has the Liberals' rhetoric, with Canada strong against Trump and elbows up, looked like since the election? The U.S. has imposed a 35% levy on all Canadian goods, even though most are exempt under an existing free trade agreement. Trump has slapped sector-specific levies on Canadian goods, including a 50% levy on metals and a 25% levy on automobiles. Trump has imposed a new 10% tariff to the existing anti-dumping and countervailing duties on Canadian lumber, bringing the levy to over 45% and crippling the industry. In addition, 25% has been imposed on certain finished wood products.
In the 's definition of elbows up to appease Trump, he has rescinded the digital services tax, which is a 3% tax for massive multinational companies operating in Canada such as Google, Amazon and Netflix. This is a tax the Parliamentary Budget Officer projects would generate over $7 billion in new revenues over five years for Canadians.
While the wanted Canadians to believe that every tariff blow Trump threw our way was met with retaliatory countertariffs, in reality, after the initial hurrah, the Liberals removed all tariffs on goods from the U.S. that are covered by CUSMA. They then quietly removed countertariffs on American goods that are not compliant with CUSMA.
As if the was put on steroids to further appease Trump, he committed to boosting defence funding from 2% to 5% of GDP, and we saw a commitment of a whopping $81.5 billion over five years made in budget 2025.
It does not stop there. To further placate Trump, under the guise of border security to address Trump's imagined fentanyl border crisis, Bill was the 's first piece of legislation in this House, a dangerous omnibus bill that threatens Canadians' civil liberties, infringes on their privacy rights, eliminates due process and takes a page directly from Trump's anti-refugee, anti-rule-of-law agenda.
When Trump took offence to an ad that accurately recounted former president Reagan's view on tariffs, the kowtowed to Trump and apologized. This is not exactly elbows up, is it?
The 's actions are a far cry from his election promises to Canadians, and as it stands, Canada has become the only G7 nation without a trade deal with the U.S.
During the campaign, the promised Canadians he would get clean energy projects built. At no point did he say he would end the tanker ban and build a new pipeline. What is the Prime Minister doing? He is signing an MOU with Premier Danielle Smith on advancing a new pipeline to the B.C. coast, an agreement developed behind closed doors with zero consultation with B.C. and first nations.
British Colombians do not want another megaproject that increases emissions and threatens coastal ecosystems. The cannot justify negotiating a pipeline deal with Alberta that excludes B.C. entirely, affected first nations and impacted communities. None of them has been at the table.
British Colombians will not stand for the lifting of the tanker ban, and B.C. Liberal members know it. Instead of sowing division, why does the not work on truly nation-building projects that are good for the economy and the environment and help Canada meet its Paris accord commitments?
Canadians were told that budget 2025 is a bold statement of generational ambition. They were shown the headline figure of $1 trillion in public and private investments over five years and told that this budget would secure the future of Canada, yet despite all the fanfare, few Canadians feel inspired. Why? It is because the budget, at its core, is underwhelming, contradictory and deeply conservative in its priorities.
It is back to the future with austerity and the Liberal government.
The calls this a “generational investment budget”, but it is not the kind of investment that working Canadians have been asking for. It misses the mark.
The budget shifts resources away from everyday people in an affordability crisis. It has very little investment in indigenous communities and indigenous-led projects, and there is no mention of the calls for justice on missing and murdered indigenous women and girls.
It delivers deep cuts, at 15% across most ministries, and downsizes critical public services, all to make room for a record increase in military spending. The government is reining in its day-to-day spending through a so-called comprehensive expenditure review, cutting $13 billion annually by 2028-29, for a total of $60 billion in savings, it says. That means shrinking public services, targeting the very frontline workers who deliver the essential care that everyday Canadians rely on.
The hides the impact of the cuts in euphemism. The budget is riddled with terms such as “modernizing”, ”streamlining” and “recalibrating”. What does that really mean? It really means that services will be cut, and it imposes austerity that disproportionately affects women, frontline workers and vulnerable communities.
For the workers and families who have lost their jobs, or the 40,000 workers who will lose their jobs because of the 15% cut across all departments, with a few minor exceptions, there is no support for them in budget 2025. There is no EI reform for these workers and their families, retraining or transition; there is no support for them. It is not exactly a worker-friendly budget, is it? Canadians are struggling with the cost of living, a housing crisis and an overstretched health care system, yet the government is asking workers and families to tighten their belts while defence contractors get a windfall.
The cuts to the federal public services are short-sighted and unnecessary. These are the people who process benefits, GIS applications for seniors, tax refunds and EI applications, which are services that keep government running. Undermining these things means undermining services that Canadians need. A truly generational budget would invest in people, in affordable homes, green jobs, public health care, climate change mitigation and a post-secondary education system that has been decimated by the Liberals' mismanagement of student visas.
On the issue around housing, Build Canada Homes comes with a lot of hype and promises. The government talks about delivering 40% affordable units and deep affordability tied to 30% of the median income. It turns out that this commitment only applies to six sites. For the rest, there are no affordability criteria attached. Not only that, but there is only $6.5 billion of new money in budget 2025; the rest of the $25 billion is carried over from previous budgets. With that, so far, the only target we have heard from the government is that 4,000 new homes are scheduled to start next year. This is a drop in the bucket of the million non-market housing units needed over a decade to address backlogs.
The government is also leaning heavily on provinces to subsidize deep affordability. With no firm commitments, and without clear affordability guarantees, Build Canada Homes will fail to deliver the affordable homes Canadians desperately need.
Budget 2025 promises a lot, a trillion dollars of investment, but most of it is pre-committed, reclassified or private sector investment that may never materialize. The government talks a lot, and there is a lot of fanfare and hype, but in reality, much of it is just hot air, with recycled announcements and recalibration of existing programs and investments that have already been committed. A $25-billion headline number shrinks to just $0.3 billion in new R and D—
:
Madam Speaker, it is always a pleasure to rise in the House on behalf of the constituents and families in Foothills, my farmers, my ranchers, my agri-food processors and certainly my families and entrepreneurs.
Bill , the budget implementation act, is anything but a plan for prosperity. It is a blueprint for higher taxes, higher debt, higher inflation and higher costs for the people who feed and power this economy. I could probably summarize the Liberal budget in two ways: It is a budget of over-promising and underdelivery.
In the previous election, the promised Canadians fiscal restraint, transformational change and fiscal discipline. Once again, the Liberals failed to deliver on any of those things. I would warn the Liberals that they cannot build the Canada of tomorrow, which all of us want to see, if they are mortgaging the future. This is exactly what the budget has done, with almost $80 billion in additional debt burden on the backs of Canadian taxpayers.
As a result of this, our standard of living is eroding. That is a concern for an entire generation of young Canadians, who are starting to accept that this type of debt and deficit is becoming the norm. Others have certainly noticed. For example, out of the 48 countries tracked by the OECD, Canada is expected to rank second worst in per capita growth from now until 2030. Canada has the worst per capita growth in the G7, with more than a 10% drop in investment per worker.
A decade ago that certainly was not the reality for Canadians. Under the previous Conservative government, we had the wealthiest middle class in the world. We had a balanced budget. We were respected by our most important and trusted trading partners. For the most part, Canadian families had hope. Instead, the Liberal government has chosen to burden and throw gas on the inflationary fire, with $90 billion in new spending and a $78 billion deficit.
Unbelievably, the Liberal government's deficit is twice that of the previous prime minister, Justin Trudeau, with a deficit and reckless spending that sent his finance minister packing. I find it incredibly interesting that only a year ago, the Liberal members were scrambling, outraged at the reckless spending of the predecessor, but now they are standing and cheering deficits and spending that are twice that of Justin Trudeau. It is incredible how things have changed on the Liberal benches and how easily they will twist themselves just to ensure that they win an election.
To put this in perspective, the cost of just maintaining that debt is more than $50 billion a year. That is more than what the federal government is transferring to provinces in health care. Instead of building hospitals, hiring doctors and nurses, or expanding ports and repairing highways, more than $50 billion in taxpayer money is going just to service the Liberal debt. That is an incredible number. I hope Canadians who are watching here today understand the consequences and ramifications of those kinds of numbers.
For Canadians, it is very hard to fathom that. For Canadians who are standing in line waiting for a family doctor or waiting hours on end in the emergency, I want them to think about the fact that we have solutions for those problems. However, instead of funds going to solve those problems, they are going to pay down just the interest on Canada's credit card as a result of the Liberals' out-of-control spending. As typical Liberals, they promise one thing during an election and do the exact opposite once they are elected.
During the election, they promised transformational change and generational investment. However, what they have delivered is intergenerational debt, and it will take generations of Canadians to try to pay this back. Canadians are not fooled. Even some of the Liberals' best friends are not fooled.
I would like to mention some headlines that have come out since the budget was released. We have, from the Toronto Sun, “[The Prime Minister's] budget as unsustainable as a Trudeau budget”; from the National Post, “Liberals should be kept far away from the economy”; from The Globe and Mail, “The Liberals' growing deficit of trust”; and from the Liberals' favourite publication, the Toronto Star, “Once again, [the Prime Minister] doesn't quite live up to the hype”.
These warnings are coming in when Canadians are struggling as they never have before.
Food Banks Canada reported that more than two million Canadians are being forced to line up at food banks every single month. That number has more than doubled over the last five years. It is unbelievable that four out of five Canadians now list food security as their number one financial burden. How does that happen in a country as wealthy as Canada, or seemingly as wealthy, until the Liberals got out of control with their spending?
This is hitting all of us in our ridings. For example, at the Okotoks Food Bank, in one of the largest communities in my riding, food bank use is up 200%. In the first seven months of last year, it had about 15,000 users; it now has more than 45,000. In my small hometown of High River, more than 100 families are using the food bank every single week. That is absolutely unbelievable in a country like Canada.
Food banks were never designed to be the backbone of a social safety net, but that is exactly what has happened under the Liberals. The food banks are now becoming a primary source of groceries for too many Canadian families, when they are supposed to be the source of last resort. This is a new reality Canadian families are facing.
I want to touch on a subject about which the Liberals are really gaslighting Canadians. They are trying to say that the hidden taxes the Liberals have put on food prices are imaginary. They are not imaginary. In fact Canadians are seeing the impact of these taxes every single week when they try to go to the grocery store and put food on the table. How can these taxes be imaginary when they are actually included in the Liberal budget?
In the Liberal budget, the Liberals say they are going to maintain the escalator tax on beer, wine and spirits. It is actually connected to inflation, so the Liberals cannot even say how high the escalator tax is going to be when it hits on April 1. It says in the budget that they are going to maintain the Liberal fuel standard, which adds 17¢ a litre for farmers who grow the food, truckers who move the food, and certainly the retailers who sell the food.
In the budget, the Liberals also say they are going to strengthen, which means increase, the industrial carbon tax, which increases the cost of literally everything. It not only increases those costs but also drives investment and industry out of Canada. As my colleague from Saskatchewan mentioned earlier, we have seen the consequences of that when a $1 billion new potash terminal is going to be built in Vancouver, Washington, not Vancouver, British Columbia.
Nutrien is one of the largest potash producers in the world, based proudly in Saskatoon, Saskatchewan, but one of Canada's crown jewel industries is not investing in Canada. It is investing in the United States because of a regulatory regime in Canada that is unnavigable and because of high tax rates. It simply cannot carry the burden.
That is just the latest warning sign that we have seen as a result of Liberal taxes and a regulatory regime that are driving investment away. In fact more than $50 billion in investment has fled Canada since the was elected last spring. Since 2015, and this is a staggering number, 670 billion dollars' worth of resource projects have been either shelved or delayed as a result of the high taxes and regulatory regime of the Liberal government.
I just want to name a few of the projects that would certainly impact everybody across Canada. The Teck frontier mine, the northern gateway pipeline, energy east, the Saguenay LNG project and Pacific NorthWest LNG have all been shelved as a result of the Liberal government. Imagine the jobs that Canadians would have, had these projects gone ahead.
Finally, I want to mention this: The Liberals continue to say they are in a trade war, but we cannot be in a war if we have already surrendered. They have backed down on everything. Conservatives stand ready to work with anyone who is committed to getting Canada back on track and unleashing our resources like agriculture, mining and energy to provide Canada with the tools we need to face these challenges, to be successful and to have hope. Conservatives are willing to get that work done, and that is why we cannot support the budget, because the Liberals are certainly not willing to make those sacrifices.
:
Madam Speaker, it is my turn to speak to Bill and, of course, the budget.
The budget tabled on November 4 is about building a stronger and more prosperous Canada. It essentially boils down to three themes: building, protecting and empowering Canada. I will discuss these three broad themes in greater detail in a moment, but before I do, I would like to put the budget into context.
The context is that the world has changed. The world has changed in the last year or so, ever since a new administration came to power down south and implemented a trade policy that is unusual, to say the least. We are not in a situation of cyclical change where things are likely to go back to normal within a few quarters. No, we are facing a major economic shock. On top of that, this shock follows two previous events that severely disrupted the Canadian economy, specifically the global financial crisis in 2007-08 and the COVID-19 pandemic in 2020, so this is the third successive shock to hit the Canadian economy.
What has been happening for the past year or so is very serious and very grave. The shift in global trade resulting from policy changes in the United States is weakening multilateral institutions, the rule of law, and trust between economic partners. The imposition of arbitrary, unfair and illegal tariffs has a twofold impact: first, supply chains are being reconfigured, and second, many companies are learning that in order to sell to the United States, they must manufacture in the United States. This is causing many problems for all trading partners, but it is also causing problems for us, since our economies are closely intertwined. This situation is causing prices to increase across the board, fuelling inflation and creating additional problems. As has been mentioned several times, the United States accounts for 75% to 80% of our exports. It is therefore clear that we are the country most affected by these major changes.
We understand very well that this situation calls for the government to meet the moment with a strong, ambitious, massive response. That is what we have delivered in budget 2025. Ultimately, we are doing what we said we would do. We are simply implementing what we promised.
It is worth noting that what we are essentially doing is reorienting the Government of Canada's economic policy to clearly encourage investment. This is an investment budget that will increase our production capacity and help Canada transition to an economy that is less dependent on the U.S. economy. We are planning to invest about $280 billion in infrastructure and other areas, which should catalyze close to $1 trillion in total investments. That is one-third of Canada's GDP. Obviously, there are risks involved, and it is clear that this is not a given. Indeed, there is no 100% guarantee that these investments will happen. However, with the measures we are putting in place, we are confident that these investments will materialize.
In fact, we think that the biggest risk would be to take no risks at all and table a budget more in keeping with the norm. For at least the past three months, our Conservative colleagues have repeatedly floated the idea of a truly conservative budget approach. That is not our approach. What they are proposing is an austerity approach. Right now, with all the upheaval coming from outside the country, this kind of approach would certainly lead us into a very serious recession.
What we gather from our Conservative friends' statements is that their fiscal approach would most likely reduce investment by $50 billion to $60 billion. As others have already mentioned, that kind of austerity would be downright toxic, because it would weaken the economy even more at a time when it is already weak.
A number of studies have mentioned the need for fiscal restraint, but the blind austerity proposed by our Conservative colleagues would have made the situation much worse.
Is sustainability really a problem as far as Canada's fiscal policies are concerned?
[English]
Is the Canadian public debt sustainable or not sustainable? Would a deficit of $78 billion in the budget be manageable or not manageable? Would this deficit generate, as our friends maintain, massive inflation, or would it support the economy, allow us to expand the supply side of the economy and, in fact, contribute to having fewer inflationary pressures? We think it is the latter.
A deficit of $78 billion is a deficit of 2.5% of GDP. That is perfectly manageable. That is a lot less than many of our partners have, whether it is the United States or even countries in Europe. Our level of public debt is around 43% of GDP, and it would remain in that range for the next five years, which is a level of debt that is sustainable.
Members do not need to take my word for it. Members can look at the financial markets and at what is going on in the bond market. Where are the long-term bond yields? They are lower now in absolute terms than they were in 2006, when there was another government in place at that time. Therefore, our debt is sustainable. We can and we do afford it. We are able to finance that debt.
Interest payments over GDP are a lot less now than what they were in the 1990s. It seems to me that our Conservative friends appear to still be living in the 1990s. We are no longer in the 1990s. The world has changed. We are now at a point in time, in 2025, when those of us who believe that the state has an important role to play are doing it, and those of us who believe that the state should just step aside, well, they will see how that goes in countries where that is taking place. It would be making a bad situation 10 times worse if the state were to withdraw from the economy at this point.
We need to promote investment. We need to make sure that our economy is efficient and productive and that the private sector finds reasons to invest and projects to invest in. We will support that.
:
Madam Speaker, it is a privilege for me to stand here this morning to speak on behalf of the many hard-working constituents in Provencher, my riding, to address this budget implementation act.
A government is judged by the condition of its people. Our stated that he should be judged by the prices at the grocery store. As of today, that would be a failing grade. After only eight months, the Prime Minister is already a failure by his own measure. After ten years of Liberal promises, Canadians are poorer, families are struggling to feed themselves, the young cannot start their lives and the old cannot finish their lives in peace.
The Parliamentary Budget Officer called the government's path “stupefying”, “shocking” and “unsustainable”, and said, “if you don't change, this is done.”
The warning could not be clearer, and it reminds me of an old urban legend. This is a transcript of a radio conversation of a U.S. naval ship with Canadian authorities off the coast of Newfoundland in October, 1995, and the radio conversation was released by the chief of naval operations on October 10, 1995.
The Americans, in their first radio transmission, asked the Canadians to please divert their course 15° to the north to avoid a collision.
The Canadians said that they recommend that the Americans divert their course 15° to the south to avoid a collision. The captain of the U.S. naval ship responded, saying that he is the captain of a U.S. Navy ship, so he would again advise the Canadians to divert their course. The Canadians say again that the Americans should divert their course.
The Americans responded that they are the American carrier USS Lincoln, the second largest ship in the United States Atlantic fleet, and that they were accompanied by destroyers, cruisers and support vessels. They demanded that the Canadians change their course 15° north.
The Canadians responded that they were in a lighthouse, so it was the Americans' call.
The Parliamentary Budget Officer is our lighthouse, and the Liberals have abandoned all of their previous fiscal anchors. It does not matter how large the Prime Minister's ego is, how global his resume is, how many so-called expert bureaucrats he surrounds himself with, or how loudly he insists that the laws of economics will divert 15° any which way to his will. Reality does not move.
The collision course is set, and the warning light is fixed, but the government is refusing to turn. The 's capital budgeting framework hides debt by counting spending as an investment. The Prime Minister spent his career on Bay Street, so maybe it is no surprise that he is still cooking books. In the private sector, he called it creative finance. In government, he calls it capital budgeting.
Conservatives know what it is. It is a credit card budget. Canada now has the fastest-shrinking economy in the G7, a $78.3-billion deficit and interest costs of $55.6 billion annually, which is more than the Canada health transfer and more than the government collects in GST.
Canadians were promised expert prudence. They got more debt. They asked only for honesty and for a government that lives within its means and tells the truth about the books. The campaigned on the promise that we would do things previously thought impossible at speeds we have not seen in generations, but now he warns young Canadians that, because of his failures, we will not transform our economy easily or in a few months, and it will cost sacrifices and take time.
The promised to make life more affordable. Every sign shows the opposite. Food prices are rising nearly 40% faster in Canada than in the U.S. Over 2.1 million Canadians use food banks each and every month, and nearly one in five visitors are employed but still unable to afford food. A few days ago, a friend of mine and his wife went to the grocery store. They set a limit of $200. As they filled their cart, he kept his iPhone calculator in hand, adding up the price of every item. By the time they reached $200, the cart was still nearly empty. It was a few basics, no luxuries, and the bill was already full.
That is the reality for families across the country today. Not long ago, that same $200 would have filled the cart to the top. Most Canadians remember it well, before the Liberal lost decade hollowed out the dollar and drove up the cost of everything. While Canadians count every dollar in the checkout line, the pretends to understand their struggle. He may stage his photo ops in grocery aisles, but let us be honest: He is not the one doing the shopping. The global elite, as he refers to himself, do not push their own carts or calculate the cost of milk.
This budget would make food even more expensive. The industrial carbon tax hits farmers and agri-food on fertilizer, machinery and manufacturing costs. The Liberal fuel standard adds a 17¢-per-litre cost to the price of diesel and gasoline. The Liberal packaging tax adds billions throughout the food supply chain. Food inflation is now so severe that Food Banks Canada gave the an F on poverty and food insecurity. Canadians do not need to settle for this. They remember a time when a fair wage meant a full grocery cart, when the government lived within its means and when ordinary people could afford an ordinary life.
The government said it would build more homes and bring prices down. Instead, housing starts have collapsed 17%, mortgage payments are up two-thirds since 2020, builders are cutting staff and young Canadians with full-time jobs are being told to rent for life.
Canada is expected to rank second worst in the OECD for per capita growth from 2025 to 2030. Investment per worker has fallen 10%, while in the United States, it has risen by 22%.
The said he would spend less and invest more, but what did we get? We got higher spending, lower investment and a larger deficit. Families now pay the price each time they buy food, renew a mortgage or watch their children give up on home ownership dreams.
The new capital budgeting framework was sold as innovation, but was called “overly expansive” and referred to as exceeding international practice by the Parliamentary Budget Officer. It counts subsidies and housing programs as assets. Imagine that. It turns spending into investment and shrinks the deficit on paper, while our deficit and debt keep rising. This pattern defines the government's record.
The promised discipline, but has increased spending by 8% since taking office. He promised transparency, but delayed the public accounts past its legal deadline. He promised a falling debt-to-GDP ratio, yet the PBO confirms it is climbing for the first time in 30 years.
The Parliamentary Budget Officer has done his duty and warned that this path cannot continue. It is Parliament's responsibility to divert its course.
Behind every number is a life that's made harder. The over two million food bank visits in March are not statistics; they are families choosing between groceries and rent, seniors skipping meals for medicine and parents working extra shifts so their children can eat.
Housing shows the same decline. The government's own agency warns that homebuilding will drop 13% over the next three years. Mortgage rates have reached heights not seen in recent years, builders are cutting staff and couples who might have built families are being forced to wait.
Farmers who feed the nation carry the industrial carbon tax on fertilizer and machinery, the 17¢ Liberal fuel standard and the billion-dollar packaging tax that adds billions to the food chain. These measures have made Canadian food unaffordable.
Canadians deserve a government that treats public money as a trust. The Conservative vision begins with restraint and the discipline to live within our means and spend for the good of everyday Canadians. The Parliamentary Budget Officer has already warned the government that its fiscal path is unsustainable, and that borrowing will exceed statutory limits by year-end 2026‑27. No government has the right to hand a country steeped in debt to its children and grandchildren.
The Conservative plan begins with one rule: Every new dollar of spending must be matched by a dollar saved. Waste in bureaucracy, consultants and corporate welfare must end before new promises are made.
The Parliamentary Budget Officer reported $53.9 billion in lost investments since the government took office. We will bring that investment home by rewarding production, by lowering taxes on work, homebuilding and energy, and by unlocking resource development instead of delaying it.
Taxation must again be fair. Families should not bear the cost of a government that spends for political gains. Ending the industrial carbon tax, the Liberal clean fuel standard of 17¢ a litre and the $1-billion packaging tax will lift the burden on farmers, manufacturers, families and, ultimately, all Canadian households. If the government will not divert its course, the opposition will.
A budget that puts Canadians first by telling the truth and respecting taxpayers is not an ambition; it is our responsibility to the Canadian people.
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Mr. Speaker, I am very pleased to take part in today's debate on the bill before us, the budget implementation bill. This budget aims to build, empower and protect Canada, as my friend the parliamentary secretary so aptly described.
[English]
It is really important to have the context of this budget bill in front of us clear. We have a hinge moment of rupture in our trading relationship with our major trading partner.
We go to our different constituencies on weekends to talk to our constituents and business owners. I was in touch just last night with the business owners of the Baby Point Gates Business Improvement Area. What is on their mind is this rupture moment and how Canada will respond. They are looking for leadership, frankly, from all parties to respond to this moment.
As my friend and fellow mentioned, this budget does a really good job of making the key investments that would help us with this transition and help us respond to this hinge moment and this rupture we are experiencing today. There are some concrete investments in the long term.
Some of those investments are in the people who have been asking for support for some time. They are the people who put themselves on the line for our sovereignty and our freedom. I am thinking in particular of one of the single biggest major investments in this budget, which is the salary increase for the women and men who serve in our armed forces. Past governments were not as attentive to this as they needed to be. Canadians and the armed forces have said they need to be invested in. They need to be the people who are trusted to continue to defend Canada, whether at home or abroad, with some real recognition and some real investment.
This budget makes a really significant and important commitment to those people. It was unfortunate to see our friends on the other side, who have often spoken about the value of the Canadian military and military service, vote against that, but it was very important that we put that in the budget.
There are also tax measures to support the people who have needed it the most. I want to refer to a couple of them. The personal support worker health care heroes tax credit is a really important commitment that was made by our party in our manifesto. We hear every day about the back-breaking physical labour, often done by women, immigrants and newcomers.
In my riding of Taiaiako'n—Parkdale—High Park, the Tibetan Canadian community, often trained in health care professions, works as personal support workers for Copernicus Lodge at the different health care sites. Some are in the riding and some very far from the riding. These are people who put everything on the line for the people they care about, their clients and their patients, who are the most vulnerable in our society, but they are vulnerable too. They often have to work two jobs and go between different places of work. It was especially important that we recognize them.
I think everyone in this House would have recognized that work during the pandemic. After the pandemic, it was too easy for too many to forget about the role of these health care heroes and the representation they got from their union. On this side, we heard the call. I am so pleased to see that in this budget bill, we honour the commitment to the health care heroes tax credit. I just met a couple of days ago with a couple of personal support workers, Vegeta and Ellen, who shared with us the back-breaking work they do and their desire and their need for support.
The tax measures are also for the job creators that bring economic growth to our nation.
The good news about some of these tax measures and investments is that when the money goes directly to the people, we know they are spending the money, so when we make an investment in our military and the lowest-paid members of our services, we know they are going to use that money to buy goods and services in their community.
Some of the tax measures to build Canada, as my friend, the mentioned, are for our job creators. I am thinking in particular of the refinements to the SR and ED tax credit. This is of major interest and major use to so many small and medium-sized businesses in our communities.
Recently I met a constituent, Brad McCabe, who told me that the tax credit, while good policy, was not working as well as it could be. It was taking too long for people to find out about this tax credit and whether they would be eligible. As a result, the investments Mr. McCabe was making in his business were not being recognized by the government.
We therefore made the proposed change in the budget bill to move to pre-approval so investors have the certainty of knowing that there would be a recognition of their investment with a tax credit. We also proposed compressing the timeline so people would be able to find out about and receive the money in a more timely fashion. It is an important tax measure in the budget to support Canadians.
There is another part of the budget bill I want to highlight that I think is important to many members in southern Ontario and Quebec. It has been much talked about, and now we have some government action that is starting to move the needle. I am talking about the measures in the budget bill around high-speed rail. We know that the Alto project is a very exciting project that Canadians have been talking about for decades. There are some really specific and concrete measures in the budget bill that would bring forward the work, along with the commitment to reduce the timelines around the assessment of the project from eight years to four years.
This is something that people throughout southern Ontario and Quebec have been looking for. They have been saying that it is a really key part of our growth and connectivity as a country. My hon. friend from knows how important this is. We talk about it as a Toronto to Quebec City corridor, but there are major places along the way that could also stand to really benefit from it. In this moment when it is so easy to be divided and for Canadians to be pitted against each other, it is a very important measure that in the budget bill we have some investments that are intentionally about connecting Canadians.
As parliamentary secretary to the Minister of Industry, I cannot help but point out that there are some very important investments in science and research in the budget. Other countries are pulling back on science, and even in the general public there is a growing concern or fear that science is not something we should be trusting, that discovery-based research is something for someone else, and that the really important work of diversity, equity and inclusion in science and research is something to be rejected. When this is happening, I am really proud to be associated with a government that stands wholeheartedly in support of inquiry in the hard sciences, the life sciences and the social sciences and humanities.
The current budget is the second of two historic budgets for science and research work and its community and therefore for the economic benefit that will come from that. In our 2024 budget, we brought forward major investments in the three major granting councils. Those are the agencies that fund the research done by our professors, graduate students and postdoctoral fellows, which in turn generates the life-saving and economic innovations we are all so lucky to benefit from.
In the current budget, there is a major new commitment around attracting international talent and identifying the best minds, the people who are looking to do science and are being told frankly in their country that it may not be the place for them to do science, that it is going to cut funding, that it does not like their political views or that what they are doing is political.
On our side of the aisle and in the budget, we very clearly recognize that work done in teams in pursuit of excellence and scientific inquiry is the kind of work we want to do in Canada. The budget makes a major investment in this, and we are looking for Canadians in Canada and people all around the world to be looking forward to this international talent attraction strategy. I am so proud to be associated with it.
I was at the Canadian Science Policy Conference last year, and the academic community from coast to coast in Canada has been raving about how well supported it feels. Its members are feeling more patriotic than ever, and they know that when we invest in science and research and in open-ended inquiry in the hard sciences, the life sciences and the social sciences and humanities, it is not just about the research; it is actually about sovereignty and freedom for Canada. They depend on a certain level of sovereignty and freedom to do their work, and in turn they generate sovereignty, freedom and economic benefit for all of us.
These are just some of the benefits of the budget that I am proud to point out today, and I look forward to questions and comments.
:
Mr. Speaker, it is critical that we take the time to discuss, to analyze and to review what the government's spending priorities are and that we put it in the context of what Canadians' priorities are. What does Canada need?
There is an old saying, wishing someone a blessing that they might live in interesting times. Some say that it is perhaps a curse and not a blessing, but we certainly do live in interesting times. Having had the privilege, the honour and the duty to represent my community in this place for coming on seven years now, I have seen the effects of the changing global, national and regional dynamics on my community.
The beautiful riding of Leeds—Grenville—Thousand Islands—Rideau Lakes comprises 13 municipalities. It is a collection of stories of families and of neighbours, people who are the true essence of this wonderful country, the greatest country in the world, Canada. Like so many other people, they have forged their livelihood, forged a living, forged a community and are raising a family, having broken the ground and fed the the nation and the world with the products they produce.
It has never been for lack of ingenuity, effort or wherewithal that hard times have fallen on my community. Its people have an incredibly collaborative spirit, always looking to work together, and they are committed to lifting up the least among us. I truly think that the measure of a good, just and fair society is how we treat the least among us. How are we doing with that? As I said, the efforts that people in my community have put forward have been laudable, and I am incredibly proud of the work they undertake, but what I hear consistently from them is that the cost of government so far outpaces what we are able to afford.
Is that to say that everything government, or the current government, does is bad? Well, not everything is. There is the continuation of programs that have been developed in consultation with generations of Canadians that continue to be funded and that are important.
Could we do better with the allocations that are being made? Yes, we could. While that is true of all governments, none being perfect, what we see in the current budget is an awful lot of debt and deficit spending that are really beyond the ability of Canadians to manage. The amount that we are spending on servicing the debt is more than we are spending on health care, which is something I hear about in my community often.
What is the federal government doing in terms of resolving the health care human resource challenge we have? How much money is it allocating in health transfers to the provinces? What specific measures is it taking to solve the lack of access to a doctor or other health care professional?
It is important, as the official opposition, that we oppose; it is our role, and it is an imperative in our system. However, we must also propose. I encourage the government, as it seeks passage of legislation, to meaningfully consult with the opposition. There is a lot that ties us together. There is more that we all have in common in this country than we would disagree on, so why not have those consultations?
Why not take a look at the proposal the put forward in the election on credential recognition, on having one system across Canada for personal support workers, RPNs, RNs, NPs and MDs in which their recognition, licensure and credentials are recognized across the board. Let us straighten that out. It should be the same for folks coming from abroad who want to bring their skills, talents and credentials to Canada to help solve our health care human resource challenge. That is one example of many in which we can offer constructive solutions to the government and look for it to collaborate with us on that.
Every dollar the government spends comes from somewhere. It is coming from the pockets of Canadians. We would say that some of that should stay in their pockets. Now, how do we do that? We encouraged the government to cap the deficit and to do more on cutting taxes. Again, we are not just opposing legislation put forward by the government on reduction of taxes, on making sure that we are able to work as one Canadian economy. I voted for that. I would not just blindly oppose what the government puts forward, but I do look for those constructive conversations on such things as capping the deficit and cutting taxes.
Where can the government save money? As soon as we talk about saving money, the cries go up that it is going to mean cuts to important services for Canadians. Let us look at such things as the more than $20 billion a year that is being spent on consultants. Is every dollar spent on consultants a waste? I would not say every dollar is, but I would say it is more than $1 billion, more than$10 billion. That is what the government needs to look at. It was exposed and laid bare with the arrive scam and with fraud in indigenous procurement, with companies claiming to have indigenous status or eligibility when they did not. That is one concrete example. My goodness, $20 billion would go a long way to solving much of what ails our country and could be used to support our community.
We need constructive conversations. We need a government that cares about our trading relationship. My community has two international bridges to the United States, our largest trading partner. More than 100 jobs from Invista, in Maitland, Ontario are going across those bridges down to Texas. Dozens of jobs at Douglas Barwick have been lost because of steel tariffs. Let us have those conversations. We need that collaboration.
We need a government that is working with the opposition to adopt some of the priorities we have put forward. The people in my community, like Canadians from coast to coast to coast, need a government that cares. I am offering that. I have offered that in my seven years of service, and I will continue to do that, as will my Conservative colleagues. I look forward to members' questions.
:
Mr. Speaker, as a member of Parliament for a rural Alberta riding, and as someone who spent 26 years as a chartered professional accountant before coming to this place, I feel obligated to rise today to speak to Bill and to the government's latest disaster of a federal budget.
I am going to dive into some of the fiscal details of the budget, but I want to be clear from the start: After 10 years of the Liberals, Canadians cannot afford the cost of the . They cannot afford the cost of his deficits; they cannot afford the cost of his broken promises, and they cannot afford the growing cost to simply feed their families. This budget does not build a stronger Canada. It mortgages our future and leaves rural communities, such as the ones I represent, behind.
I spent more than two decades reviewing financial statements, and I have seen business families thrive, but I have also seen them struggle. When I look at the budget, one thing is obvious: In the business world, the government would never secure financing on this record.
Let us remember what the promised Canadians six months ago. He promised a deficit at $62 billion, but it is at $73.8 billion. He promised to lower the debt-to-GDP ratio; instead, it is rising. That is another miss. He promised to spend less, but he is spending $90 billion more, which amounts to $5,400 in new inflationary spending per household. He promised more investment, yet investments in Canada are collapsing.
These are not minor errors. These are fundamental failures in fiscal stewardship, and they are costing Canadians every day. That is the cost of the Liberal government.
Tourism is the heartbeat of many rural Alberta communities, especially in my riding of Yellowhead. With the natural beauty of Banff National Park and Jasper National Park, to the welcoming communities of Canmore and Grande Cache, our local festivals, rodeos, campgrounds, trails and small businesses employ over 8,700 workers in my riding, Moreover, 2,259 businesses in Yellowhead are tourism-related.
Tourism has proven to be one of the best returns on investment that a country can make, with research showing an up to 12-fold return for every dollar invested in tourism. I was appalled to see that the budget absolutely ignored our tourism sector. Rural operators are struggling with higher costs, labour shortages and shrinking margins. They are fighting just to stay open. The federal government had a chance to support them, and it chose not to. That decision puts real jobs, families and communities at risk.
Another area I was hoping to see addressed in the budget is regarding indigenous policing. I have been privileged to sit on the indigenous and northern affairs committee. We have heard again and again, week after week, that the government needs to step up and adequately fund indigenous policing in Canada. The lack of consistent, reliable funding is continuing to have an impact on public safety in these communities.
I believe the government really missed the mark when it comes to not including dedicated funding where it is sorely needed. This is a profound failure. Rural Albertans know this well. My communities rely on underfunded RCMP detachments that are already stretched thin. Indigenous communities deserve equitable public safety and should be supporting first nations policing, not ignoring it.
As a rural Albertan, a legal firearm owner and a hunter who has been a responsible gun owner my entire life, I need to address the impacts the bill would have on law-abiding firearms owners. What Ottawa is calling a buyback is not a safety measure. It feels as though the government does not understand our way of life, and it is reaching into our homes and taking property when we have already followed all the rules. Gun owners are licensed and trained, and we follow storage and transport requirements because we believe in safety.
However, the budget continues to pour millions of dollars into confiscating legally purchase firearms instead of putting resources where they actually make a difference, such as border enforcement, rural policing and indigenous policing, as I have already mentioned, and the government needs to address the root causes of crime. Bill punishes people who did nothing wrong while real problems go untouched.
For those of us who hunt to fill our freezers, who pass down traditions to our children and who treat firearms with respect, this is not just a policy disagreement. It is a sign that our voices and realities are being ignored. We deserve laws that target criminals, not citizens who follow the law.
I want to address another issue that, as a CPA for 26 years, is especially troubling to me: the government moving forward on automatic tax filing. Let me be clear. Conservatives support making life easier for Canadians. We support simplicity, efficiency and fairness, but automatic tax filing is not about making life easier. It is about giving the CRA the power to assess people's taxes for them without ensuring they get the benefits, deductions and credits they are entitled to.
The Auditor General reported that when people are able to get through on the phone, the CRA gives wrong information more often than not. Many Canadians already face reassessments and incorrect notices. It is naive to believe that adding another automatic system would improve in any way the service Canadians receive from the CRA. My expectation is that this change will only cause more confusion, more frustration and more phone calls to an already drowning phone line. Under automatic filing, the CRA would become both the tax preparer and the auditor. This is not service and it is not simplification; this is a conflict of interest. Seniors, low-income families and rural citizens would be the ones most likely to lose the benefits they should receive.
When the CRA makes a mistake, who do Canadians appeal to? We already have a system where someone is guilty until they can prove otherwise with the CRA. With this change, Canadians would need to appeal to the same agency that made the mistake, and likely months after the fact. As someone who has spent a career helping people navigate the tax system, I cannot support a policy that would put vulnerable Canadians at risk of overpayment and missed benefits. This is a system that would put government convenience ahead of citizens' rights.
I spent my career studying numbers behind government decisions and the impacts those decisions have on Canadians and their businesses. I can tell members this: Too often, Liberals have lacked the vision to see what happens with the changes they make. For example, the changes to bare trust reporting that were supposed to be implemented for March 2024 were meant to go after so-called rich people, but they cast a wide net affecting millions of ordinary Canadians. At the eleventh hour, after thousands of accounting hours, the Liberals cancelled the implementation because it would have had unintended consequences.
In the last few days, several Liberals have admitted to the cancellation of the UHT, or underused housing tax, which also had unintended consequences. They eliminated that fiasco. The UHT was supposed to target foreign speculation, yet it swept up millions of Canadians into unreasonable reporting requirements for no good. Once again, red tape for poorly thought-out legislation added layers of half-formed regulations and burdens. I can only say that thank goodness someone saw the light on this Liberal failure.
My fear is that this disastrous budget would not create prosperity, just financial strain on our constituents and future generations. The Liberals discourage growth, punish taxpayers and add complexity to a system already strained to the breaking point. What Canadians need is a tax framework that rewards work and supports Canadians.
After I listened to Canadians in my riding, my conclusion was simple: This budget fails the people it is supposed to support. Rural communities asked for affordability, for safety, for opportunity and for respect. Instead, they would be handed higher costs, more bureaucracy and a government that continues to ignore the realities outside major cities.
The Conservatives continue fighting for a government that lives within its means and respects taxpayers. We will push for a tax system that is fair, a regulatory system that makes sense and a budget that puts families, farmers, workers and small businesses first. Canadians deserve better, and the Liberal budget does nothing but disappoint.
:
Mr. Speaker, I rise today to represent the good people of Abbotsford—South Langley, who are frustrated with the current budget.
When the announced that he would be splitting operating and capital spending in the budget, it was met with widespread worry that he would use the change to cook the books. The Parliamentary Budget Officer has now confirmed that is exactly what is happening. The Parliamentary Budget Officer confirmed that capital spending is “overly expansive”, expanding beyond the public accounts and international practice. Instead of following international accounting standards, the Prime Minister lumped it into corporate tax breaks and subsidies that “would not be considered capital formation”.
Also, the PBO found that capital investment spending was 30% lower than what the Liberals claimed, a $94-billion difference. He found that the will not balance the operating budget over the next five years, abandoning key fiscal anchors after already abandoning the previous one to reduce the debt-to-GDP ratio. The PBO found that the debt-to-GDP ratio will be even higher after the latest economic update, which means we are already on a declining trend.
Last year's fall economic statement stated a declining debt-to-GDP ratio was key to preserving Canada's AAA credit rating, but even Fitch Ratings has already warned that the budget “underscores the erosion of federal government's finances”. The fumbled the old fiscal anchor with a declining deficit-to-GDP ratio.
Even the so-called expenditure review notes there is a “lack of detail regarding the impact on individual programs”, offering no clarity on service levels, personnel or how results will be reported. Even if the budget somehow produced $50 billion in savings, it still has a $90-billion net increase in spending. That is $5,400 per Canadian family. For the second year in a row, the Liberals failed to table the public accounts for more than seven months after the fiscal year ended.
Canada remembers when the last minister of finance resigned in disgrace over the deficit. Why did the government celebrate the deficit of over $70 billion? Canadians cannot afford baby formula and are facing precarious housing, yet the government abuses their tax dollars further under the guise of shrewd investment. Investment has become a buzzword and is used to ignore the rising inflation of the government.
When facing such economic turmoil, the solution is to remedy the productivity crisis. We should not bury Canadians in more red tape. Instead of investing in a bureaucratic mess of weak government-led projects, why do the Liberals not allow Canadians to operate their businesses as they have done before? Our fishing industry, forestry industry, military, and health care sectors are all facing major setbacks because the Liberals are too preoccupied studying their own systems into failure. The cost of this budget is pushing Canadians out of this country and into the United States.
At the same time, the areas that actually need help are left behind. These areas are facing crises. We are facing the largest drug crisis in the history of Canada, but budget 2025 remains blissfully ignorant. Cutting funding to those who are most vulnerable will only make the opioid crisis cost more lives and our cities more unsafe.
Our federal debt has reached over $1.28 trillion. That is $1,280 billion, which is incomprehensibly large to the average Canadian. Canada will be spending $54 billion just to service the debt, which is equal to federal health transfers. Servicing the debt is now a core government function, yet money is still wasted on vanity projects such as the gun grab, which will not remedy public safety.
Over 10 years, we have witnessed budget after budget with ballooning deficits. The prime minister who presented them resigned. The man who replaced him told Canadians that he would be a reasonable guy who was more fiscally responsible. With his first, late, budget, he is not the man he said he was.
With a projected deficit of $78.3 billion, this budget gets us nowhere close to balance. It is especially hard to achieve balance or strike any meaningful deal with the President of the United States when the is burning hundreds of thousands of dollars on photo op travels instead of doing real work for Canadians. The Parliamentary Budget Officer has indicated that the GDP growth is stagnant and will remain below 2% for the decade, making rising debt levels unmanageable.
The new has now presented a budget that will grow our debt-to-GDP ratio rather than shrink it. Budget 2025 boldly claims to have the most ambitious housing plan since the Second World War, yet Canadians today face a housing crisis that is, by many measures, worse than that of 1945. Government-imposed costs, fees, taxes and delays are making up to 30% to 50% of new housing prices. I will repeat again that government-imposed costs, fees, taxes and delays are making up to 30% to 50% of new housing prices.
CMHC now warns that red tape is one of the biggest barriers to building homes. Canada builds fewer homes now than it did back in 1970, despite having the fastest population growth in half a century. Instead of clearing the way for builders, as previous generations did, the government layers on more bureaucracy and calls it ambition. The promised to cut development charges in half, but budget 2025 says nothing about that. He promised to incentivize private rental construction, but budget 2025 still has nothing. The first six Build Canada Homes projects have failed. Meanwhile, CMHC says Canada needs 480,000 homes a year for 10 years. We are not even close to 200,000. Young Canadians delay having families, careers and life itself because they cannot afford homes or find an affordable house as it is. It is not the Canada that we want to leave to them.
Budget 2025 fails all Canadians who believed in the when he promised to build at scale. Young Canadians deserve a government that works as hard as they do, one that cuts red tape, empowers builders and focuses on getting more homes built. Budget 2025 does not meet that moment. It fails an entire generation. Mark Carney told Canadians that he was a serious—
:
Mr. Speaker, budget 2025 meets an important moment in our country's history. It is a budget that bets on Canada, a budget that invests in our future and ensures that we will build a strong and resilient future. The challenge before us is to become less reliant on our trade partners to the south and to build from within.
I would like to start off by talking about one of my favourite words in the English language, which is “infrastructure”. I would also like to congratulate the Victoria Highland Civic Centre steering committee on its advocacy and work to ensure that a new rink will be built in Baddeck if the 2025 budget passes. The community has been sorely lacking over the past year with a rink that had been eroded to the point that it was no longer safe. During my campaign in the spring, I heard from many in Victoria, and especially in Baddeck, about how devastating the loss of the rink was to the community and what we needed to do to get a rink for the community for the local youth hockey program. It fills me with great joy to be able to deliver on this project for them. I want to especially thank the members of the steering committee, John Trickett, Jeanne Campbell, Terry Kelly, David Parkinson and Sandy Campbell for never giving up on the new rink for the community.
This rink is a perfect example of the kind of infrastructure investments our government is making. We now have a build community strong fund with $51 billion over 10 years, from small local community infrastructure to major infrastructure, such as hospitals, universities, transit, and road and water systems. On this side of the House, we are ready to build great things and keep our economy moving.
Our government is also investing and fast-tracking major projects that will focus on buying Canadian for Canadians. These are projects that are shovel-ready and shovel-worthy and that would advance our climate and reconciliation goals. One project of significance for Cape Breton—Canso—Antigonish is the government's Major Projects Office selection of Wind West Atlantic Energy. Wind West has the potential to power Nova Scotia and beyond with enough clean wind energy to meet our demands into the future. This first phase, with four wind power areas off the coast of Nova Scotia, aims to unlock 5,000 megawatts and could drive billions of new investments in economic activity across the country. Wind West is a project that shows the investment in clean energy does not have to come at the cost of economic development. We can invest in our future while strengthening our economy.
Another major investment we are making is in housing and homes. With the new Build Canada Homes initiative, there is $13 billion that aims to increase the supply of affordable housing through construction, financing and industry. As we endeavour to build houses faster and in greater numbers, we will build these Canadian homes with Canadian materials, such as lumber, to ensure that we are supporting our local industries from start to finish.
Restoring affordability to homes is important, but we are also working to restore affordability to everyday life. It is clear that the cost of living has increased in Canada, just as it has increased around the world due to climate change, American tariffs and the war in Ukraine. As a G7 country with the lowest debt-to-GDP ratio, we are uniquely positioned to make investments in our future and build a stronger, more resilient country.
Our government is also cutting taxes for 22 million middle-class Canadians, which goes a long way to help the residents of Cape Breton—Canso—Antigonish, and of ridings across Canada, to keep more money in their pockets. At the same time, we remain committed to seniors with our dental care program, committed to families with our affordable child care and the Canada child benefit, and committed to youth with a $40-million investment in a youth climate corps with green jobs that will help take on the challenges of climate change, not to mention the 175,000 jobs within Canada for the Canada summer jobs program for young Canadians.
We are launching automated federal benefits to ensure that 5.5 million low-income Canadians get the benefits they need without the complicated paperwork. We have also ensured that the children across Canada are not distracted by empty bellies when they are trying to learn by making the national school food program permanent. This program saves money for families and makes sure that no child's hunger is an obstacle to their education.
Budget 2025 continues the important work of advancing reconciliation. Our campaigned on a promise to spend less to invest more, but while other departments were asked to find up to 15% in savings, we knew that we had to protect the core services and programs that we deliver to indigenous Canadians, and that is what we did.
It is not only the right thing to do; it is also our fiduciary responsibility to ensure that we do not take steps backward. We heard from Indigenous people during the budget consultation process not only that we needed to invest billions in housing, water, waste water and infrastructure in indigenous communities but also that weather-related emergencies are more frequent and that the impacts of climate change required urgent investments. Fires, floods and hurricanes have impacted indigenous communities in great numbers, and we will be there to help them through these difficult times.
We also heard about challenges to our communities, when it came to health and Jordan's principle. That is why we are investing billions to ensure that we address the challenges within Jordan's principle, including addressing the backlog of crises and creating stability moving forward. Budget 2025 allows us to do that.
Unlike budgets in the past that captured indigenous investment on a few pages, the current budget has indigenous investment that is embedded and integrated throughout. It is embedded within the national school food program. It is embedded within the artificial intelligence budget, which can help us digitize indigenous languages moving forward. It is embedded in the projects of national importance that will help us build the strongest economy in the G7 by ensuring that projects advance indigenous interests with meaningful equity, meaningful partnership and meaningful participation.
I have heard the challenges during my lifetime from first nations communities, which have shared with me a great deal about how they are tired of micromanaging poverty. I have good news: Budget 2025 dreams of a future of prosperity for indigenous communities, through major investments in being multi-million-dollar partners in the energy sector, in building trade ports and in mining critical minerals that the world needs.
We invite indigenous nations to dream big and to take advantage of the $10 billion in the indigenous loans guarantee program and the $45 billion allocated to the Canada Infrastructure Bank, so indigenous leaders can manage prosperity, not poverty. I would encourage first nations, Métis and Inuit communities to look at the suite of tools available to make investing in major projects more affordable.
For example, last spring in my riding, 12 Mi'kmaq communities formed a limited partnership known as the Wskijnu’k Mtmo’taqnuow Agency, WMA, and borrowed $18 million from the Canada Infrastructure Bank's indigenous equity initiative to invest in a battery storage facility alongside Nova Scotia. The great thing about this is that they get the own-source revenues not only when the project is paid off but also all along the way; as they are making payments, they are able to bring own-source revenues back to their communities.
I have often been asked by Indigenous leaders how they can invest in major projects when the needs are so great in their communities. How can they make payments on million-dollar loans? This is the beauty of the indigenous loan guarantee program. The way it is set up, it works with indigenous stakeholders and communities so loan payments are balanced to maximize benefits to them.
When communities are given the right tools, indigenous leadership drives prosperity and long-term ownership. With the budget our government has presented, we are investing in housing, clean water, health care, connectivity and infrastructure so communities can thrive and prosper. The budget speaks to the north and to working hand in hand with indigenous partners to build a stronger future together.
I invite indigenous leaders to work together, to dream big, to create partnerships and to be partners in major clean energy projects such as the Wind West Atlantic energy project, the Iqaluit hydro project or the Northcliff Resources Sisson mine. Now is the time to build Canada. Let us build prosperity in all our communities.
:
Mr. Speaker, it is always a pleasure to join the debate in this place on behalf of the good people of Okanagan Lake West—South Kelowna. This particular debate is noteworthy, and I will explain why.
After 10 years of Liberal budgets under Justin Trudeau, this is the first budget under what the and his cabinet like to call the new Liberal government. Really, who could blame them? We all know that the old Liberal government frequently blew past its budget numbers and ignored its cast-in-stone promise to return to a balanced budget in 2019. The last Trudeau government was a full-on fiscal disaster, so it is no wonder the new Liberal government wants to distance itself as far as possible from the old one.
During the election, we heard the current loud and clear. He promised to spend less. Literally hundreds of times at campaign stops across Canada, he looked Canadians square in the eye and told them that he would “spend less”. Not long ago in this place, in his throne speech, he was sharply critical of the former Trudeau Liberal government for dramatically increasing spending and running large deficits. He condemned it for allowing spending to grow by 9% annually and told us that he would reduce spending growth to under 2%. That was a clear and unequivocal Liberal promise.
[Translation]
What are we seeing in this Liberal budget?
The , who advocated for spending cuts, announced a projected deficit of $78 billion. To put things in perspective, that is almost double the $42-billion deficit projected by the previous Trudeau government. I repeat: the Prime Minister who criticized his predecessor for spending too much and who promised Canadians that he would spend less is actually promising to spend twice as much. Honestly, who does that? Who criticizes their predecessor for their excessive spending, gets elected on a promise to spend less and then goes ahead and spends twice as much?
The $78-billion deficit proposed by the current Prime Minister is the largest in the history of Canada outside a pandemic or global crisis. It is an astronomical figure, no matter how one looks at it.
[English]
That is not all. Budgets, as we know, also outline future spending plans, and here the picture becomes even more alarming. Over the next four fiscal years, the “spend less” is proposing deficits that total roughly $265 billion. Let us compare that to prime minister Trudeau's last budget, which projected $131 billion in deficits over the same period. Once again, the “spend less” Liberal is proposing to spend twice as much as his predecessor, despite having campaigned on so-called fiscal discipline.
From my perspective, this is part of a troubling pattern. Guess what happened every time since 2015 that the old Liberal government set spending targets in a budget. It missed the mark every time. For example, in 2015, Prime Minister Trudeau promised modest deficits to fund infrastructure and invest in Canadians, followed by a cast-in-stone balanced budget by 2019. We all know the result: It was never honoured. The old Trudeau government created a fiscal mess with runaway spending.
It is easy to understand why the current criticized that record during the campaign and promised to fix it. Canadians expected a change in course, yet the budget from our new Liberal government follows exactly the same old path as the old one, only on a much larger scale. That is not what the nor any Liberal member of Parliament promised Canadians just a few months ago.
In my riding, I have met constituents who have told me they voted for the current because they believed in him. They believed in his promises. After all, bankers are supposed to be trustworthy; they are not supposed to make promises they have no intention of keeping. That, to me, is the real rub. The new Prime Minister is not even trying to spend less. In that regard, he is exactly like the former prime minister. It is not unlike in the movie with Alec Baldwin, Glengarry Glen Ross, but instead of ABC, always be closing, it is ABS, always be spending.
For all these reasons, I will, of course, be voting against the budget. Frankly, every member on the government side of the House should do the same, because they were elected on the promise to spend less, not unlike the elbows-up promise. However, that is a topic for another day.
In closing, I would like to thank all members for taking the time to hear my comments. It is greatly appreciated.
I expected the budget to be different. When the talked about the need to spend less, he made an excellent case for why he campaigned so heavily on the commitment. Many Canadians believed he would be the one Liberal Prime Minister who actually did what he said he would do, yet here we are. Again, the fiscal anchors are completely adrift.
The loves to say we should focus on the things we can control, but he does not follow his own words. He could control how much he spends. He could repeal the regulatory regime the previous Liberals created instead of drafting Bill to selectively manoeuvre around that regulatory mess. He has not done that. He could repeal the net zero mandate for electric vehicles, which automakers have said will harm their vehicle sales and their interests in Canada, but he has not done that either. He could repeal the industrial carbon tax, which makes Canadian steel more expensive and less competitive against steel from other countries that we compete against. However, he has refused to do that. He could decide not to finance BC Ferries' vessels built in China and let China finance its own shipbuilding industry, instead of Canada.
All of those actions would cost very little, yet the refuses to take them, despite preaching that he would rather focus on things he can control. Instead, he is choosing to spend money, and not just a little. It has been spend, spend and spend.
For these reasons, I believe the budget and the budget implementation act must be opposed, just as the argued during the election. We need to spend less.
:
Mr. Speaker, I would love to say it is a pleasure for me to take the floor today to speak to Bill , but it is the opposite of a pleasure. It is reliving a nightmare.
I am going to start by pointing out a few things that have been missed in the discussion of the budget and the budget implementation act.
First, I want to share with colleagues something I do not think anyone has mentioned, and I wish we could do something about it, which is the decision of the that budgets shall henceforth only happen in the fall. To all my colleagues, who just went through a nail-biter of a budget vote in which the plea was that we needed to pass the budget or we would have a Christmas election, if we always have a fall budget, we will always face that threat: If we actually consider the budget properly, study it properly and perhaps even defeat it, we will face a Christmas election. This needs to be revisited. We cannot just accept that budgets are always henceforth in the fall with this new threat.
Second, on principle, I object again and again to an omnibus budget bill changing things that were scarcely mentioned in the budget itself. This is a position of principle that I have taken for many years. I would like to refer the House, to save time, to interventions I made in the 41st Parliament, in Hansard volume 146, to a point of order that was detailed on June 4, 2012, in which I pointed out the many ways in which omnibus budget bills are offensive to democracy and the ways in which, on principle, Parliament should be able to properly study all elements of legislation and not have them bound together. Particularly when saying it is all about the budget, one must at least make sure the budget itself mentions that this change is coming. There are a number of places in which that is not the case.
In light of my reference to historical background on this point, omnibus budget bills came into fashion in the Harper years. Justin Trudeau promised he would not bring in omnibus budget implementation acts, but then he did. However, they were never as long as this. For Canadians who do not know, the budget implementation bill runs to more than 600 pages. It took me a while to read all of it, and I have, which means it has taken me a while to discover sections I find particularly offensive.
Again, this is not the budget itself. This is Bill , which was only recently brought in for consideration in this place.
With all due respect to our current Speaker, I think the greatest Speaker Parliament has ever had was Lucien Lamoureux. In 1971, he said that budget implementation bills or, for that matter, omnibus bills of all kinds are a slippery slope for democracy. He was referring to omnibus bills of all kinds. Speaker Lamoureux pointed out, “we might reach the point where we would have only one bill” tabled at the beginning of the opening of a new Parliament, in which the government said that the bill would better the lives of Canadians, and it would contain all the legislation for the session to be passed all at once. He then said, “That would be an omnibus bill with a capital ‘O’ and a capital ‘B’”, but he went on to say that we are not there yet.
I worry that we are getting there. I was informed recently by someone in government that while Bill is an omnibus budget bill to implement budget 2025, it is in fact only part one of an omnibus budget bill to implement the 2025 budget, which is to say that we could be awaiting another 600-page piece of legislation coming sometime soon.
One has to ask a question about a number of measures in the budget that we find in the budget implementation act, and I wish we had time to study the bill properly, but we will not. This question is, why have the Liberals used the mechanism of special operating agencies to bring in numerous new bureaucracies, such as the Major Projects Office and Build Canada Homes? There are a number of them, and they will never have the transparency that they would if they had been brought in properly as agencies that were properly studied individually.
I am also particularly concerned that we should have built “Canada first” into this budget. I completely agree that it is a good idea to get rid of a luxury sales tax on certain products, but it should have the caveat that they are built in Canada.
There is nothing wrong with a luxury sales tax on airplanes, cars or boats that Canadians buy overseas, but domestic manufacturers were being damaged by this tax, particularly in my own riding. Recreational vessels would hardly be considered a luxury item for someone who lives on the coast. In any case, that would be removed and I am glad it would be removed. However, why not focus on Canada first and have that tax apply only to luxury products that are made outside of Canada?
Last, a number of things are quite disturbing to me. As members know, I voted for the budget, but there are things in the budget implementation act that were never mentioned in the budget itself. I know I cannot use props, but when speaking of the item itself in debate, there is an allowance for saying “in this book”.
I read the budget, and we were not given the full budget in the written document. We had to later get a memory stick, and it contained annex 5, which contains the legislative changes that were going to be made. Annex 5 is not in the text of the budget in the written, bound book, as we understand it, but it said there would be amendments to the Canadian Environmental Protection Act. It is the first time the government has proposed to eliminate the five-year termination date for equivalency and administrative agreements.
There is concern about that in the environmental community. Why are we touching the Canadian Environmental Protection Act at all and the agreements that go to the question of protecting Canadians from toxic substances? Because this is an omnibus budget bill and because it is moving quickly, we are very unlikely to have a chance to study or properly debate this or even see these sections referred to the House of Commons Standing Committee on Environment and Sustainable Development.
If it can get worse, it gets worse. When I went through the budget implementation act, it was not until I got to page 536 that I found out the Liberals would not just change the Canadian Environmental Protection Act, as mentioned in annex 5 but not in the printed budget itself. By the time we get to pages 536 and 537 in division 32, clauses 548 to 549, we find that they would also change the International River Improvements Act, the Canada Wildlife Act, the Migratory Birds Convention Act and the Antarctic Environmental Protection Act. Of course, we knew they would change the greenhouse gas pricing bills and remove other provisions that had to do with climate, but that was foretold. In division 42, again, there are changes to the Canadian Environmental Protection Act that were not included in announcements or in the budget document itself.
I find myself looking at the budget implementation act as separate legislation from the budget itself, as it is. I want to vote for some of what is in the budget implementation act. I like that we see the school lunch program. I like that we see a continuation of good programs, particularly for the social safety net. However, I wonder why we would not be able to properly study the creation of entirely new agencies. It was not until I got to page 448 of the budget implementation act that I found we would be creating yet another entity, or bureaucracy as the Conservatives would call it. There would be a Canada development investment corporation, to be created but not to be studied.
Omnibus budget bills are an abomination, and bills of 400 pages are an offence to democracy and to Parliament. They can never be properly studied. They can only be pushed through with the rallying cry “If we do not pass it, we are stuck with a Christmas election”. God bless everyone.
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Mr. Speaker, federal budgets are not just about numbers on a page. They at least should not be about just numbers on a page. They must be about addressing the cost of groceries for struggling families and about the price of gas for workers who depend on their vehicles to earn a living. They should be about whether or not young Canadians can afford a home. As I said, at least they should be about that. The Liberals, though, unfortunately fall far short of that mark.
During the election campaign, the Liberals pledged to get their spending and their deficits under control, but what does this budget offer instead? There will be a $78-billion deficit this year alone and projections of $321 billion in new debt over five years, more than double what was promised. What was promised was too much already. It is a worse record than that of Justin Trudeau, who was the worst prime minister in Canadian history up until now. This is not just a broken promise; it is a cynical, self-serving betrayal of trust.
Every dollar borrowed today is a dollar that our children and grandchildren will have to pay back with interest. Let us not forget that interest payments are already exceeding what is spent on health care transfers in this country. This is not compassion; it is fiscal recklessness. It is all over the place in this budget.
The budget locks Canadians into a cycle of debt that will last for decades and decades. Thanks to the government, Canadians are already paying over $50 billion annually in interest, money that could fund things Canadians need or, better yet, be left in the pockets of taxpayers, who earned that money in the first place.
Let us look at the opportunity cost that is being squandered by continuing to rack up the national credit card. Imagine what $50 billion in annual interest payments could do. It could build dozens of hospitals. It could build maybe 1,000 schools. Some 4,100 kilometres of new roads could be built. It could cover nearly half of Canada's 5% NATO commitment for our defence spending to ensure that we finally properly equip the men and women of Canada's Armed Forces. Best of all, it could give the average Canadian family nearly $5,000 a year in tax relief.
Instead, that money just vanishes into thin air, into debt servicing. The Liberals continue to choose to increase that debt and therefore the cost of that debt. As a result, they line the pockets of bondholders and bankers, their Liberal friends. They call that investing in the future, but every extra $1 billion that is borrowed today is actually a burden on Canadians who are not yet born, locking them into decades of repayments for sunk costs instead of leaving them with the means and resources to invest in their own futures and their own priorities.
I call the Liberals' debt and deficits approach what it really is: passing the bill for Liberal priorities today to Canada's children of tomorrow. Adding more government, more bureaucracy and more layers of red tape seems to be the Liberals' answer to every challenge. Their solution is to create new agencies, new programs and new bureaucracies that slow down progress and stifle innovation.
Let us think about some of the things they have done recently. We have an issue in this country with being able to get major projects built. Rather than removing a lot of the barriers and obstacles that already exist, which the Liberals, frankly, created, they have said to just build a whole new bureaucracy to decide if we might be able to exempt some of those things from the bureaucracy we already have. Well, how about just removing some of the obstacles and actually seeing things get built? That would make a lot more sense.
It is the same thing when it comes to building homes. Everyone in the home construction industry and everyone who is trying to buy a home already recognizes that the biggest cost going into the construction of a new home nowadays is complying with government, whether it is on taxation, red tape or bureaucracy. Instead of dealing with knocking that down, the Liberals are just going to build a whole other bureaucracy to supposedly build homes. More bureaucracy on top of bureaucracy, which is more of the same problem on top of the problem that already exists, is not going to get homes built.
It is the same thing when we talk about equipping our Canadian Armed Forces. It is great to hear of new investments being put in, but what the Liberals are going to do is spend all that money on new bureaucracy and consultants. What I am afraid of is that at the end of the day, there will be nothing left to buy the equipment and resources that our men and women in uniform need.
More and more bureaucracy is not the challenge. Canadians do not need more office towers full of bureaucrats. They need homes they can afford, jobs they can count on and a government that gets out of the way so that projects can get built. Instead, they are getting more of the same failed Liberal policies in a new package.
Why does this matter? It matters because every dollar borrowed today drives inflation tomorrow. It means higher taxes, smaller paycheques and fewer opportunities for Canadians.