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View Pierre Poilievre Profile
CPC (ON)
View Pierre Poilievre Profile
2020-04-11 14:37 [p.2125]
Mr. Chair, a large corporation receiving the wage subsidy could basically displace money that it would normally give its front-line workers and use that same money for executive bonuses, dividends and share buybacks, which is completely unacceptable. Taxpayers should not be shovelling hundreds of millions of dollars into a large corporation, some of which will then flow into the hands of wealthy executives and shareholders. That is what happened when the government and the Minister of Industry gave Bombardier $372 million. The executives and the owners got huge bonuses, and the workers lost their jobs.
I take the minister's non-answer to mean there is nothing to prevent share buybacks or dividend payouts from this bill.
Also, Sunny and Randy own a Markham business. They have a payroll of just over $1 million. Do they qualify for the emergency business loan, yes or no?
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