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Results: 31 - 45 of 95
David Charter
View David Charter Profile
David Charter
2021-05-17 17:13
What I can tell you about that is that of the 26,200 employees who will benefit from this change, roughly 4,000 work in businesses employing 20 or fewer people and so in fairly small businesses, and another 4,400 work in businesses that employ 20 to 99 employees—still fairly small—and then 3,500 work in businesses that employ 100 to 500 employees. The majority, however, work in large businesses that employ 500 or more employees, to the tune of 14,200 of them. These make up 54% of the employees who will benefit.
There will be a cost. While there will be an impact in terms of impacted employees, the bulk work for the larger employers.
The same profile applies when it comes to cost. I can say, though, that the total cost we expect employers to pay in the additional wages to bring these 26,200 employees up to $15 is about $44.1 million for the first year, which is 0.1% of annual federally regulated private sector payroll.
View Tamara Jansen Profile
CPC (BC)
I was actually talking about those outside federally regulated employment, but extra cost after a pandemic is a huge issue. I'm just wondering whether you looked outside the federally regulated sector, because obviously, if federally regulated employers are changing their minimum wage, that will impact those who are not federally regulated—small business, mom-and-pop shops.
David Charter
View David Charter Profile
David Charter
2021-05-17 17:14
In terms of extra cost and COVID, as I mentioned there will be costs for federally regulated private sector employers. One thing that was also considered was that across provinces and territories, as I mentioned, many provinces and territories already have processes in place to increase their minimum wages, and during the pandemic they have continued to index, update and increase their minimum wages as time passes.
As far as looking at—
View Tamara Jansen Profile
CPC (BC)
I'm wondering about the dollar figure. You mentioned that you had figured out the dollar figure for those who are federally regulated—how much they're going to be impacted, dollar-wise—but outside of that, obviously small business is going to be impacted by these changes. It's one thing to say it's only going to cost this much, but you have the spillover effect: it's going to cost much more.
David Charter
View David Charter Profile
David Charter
2021-05-17 17:15
Right. I do have a cost figure for federally regulated small, medium and large businesses, as I just described. As I mentioned, it is possible that there will be spillover in the federally regulated private sector for employees making $15 or up to potentially $17 per hour. I don't have a costing figure for employers in provincially regulated sectors.
View Peter Julian Profile
NDP (BC)
First, as a quick clarification, Mr. Chair, Ms. Dzerowicz said that the NDP was following the Liberals. Of course, you'll recall, Mr. Chair, that in 2015 the Liberals mocked the NDP for raising the $15 per hour minimum wage. Very clearly the evidence and the receipts are on the table.
View Peter Julian Profile
NDP (BC)
Yes, absolutely.
There are two aspects. There's the aspect of the increase in the minimum wage, but also the economic stimulus that comes from it. You have people who are actually earning a more adequate salary and are spending more in the community.
I'm wondering to what extent the department has analyzed both the benefits, in terms of community positive economic ramifications of raising the minimum wage, and as well the increase in tax revenues that come with people earning a higher wage.
David Charter
View David Charter Profile
David Charter
2021-05-17 17:17
They're both good questions. I'm afraid I don't have data or figures on hand for the impact upon GDP or the economy, or on the additional tax revenues. As I mentioned, what we're looking at is about 26,2000 employees in the federally regulated private sector, and so the economic benefit would be commensurate with the number of employees impacted.
View Chrystia Freeland Profile
Lib. (ON)
Thank you very much, Mr. Chair. I will leave it to you to introduce the officials later on, but let me say thank you very much to the officials for being with us.
Mr. Chair and members of the committee, thank you for inviting me to speak to you today about Bill C-30, Budget Implementation Act, 2021, No. 1.
After more than 14 months of uncertainty and challenges, Canadians are continuing to fight COVID-19, but we know there is light at the end of the tunnel. As we fight the third wave, more and more Canadians are getting vaccinated.
Bill C-30 is an essential piece of legislation that, once enacted, will allow us to implement our plan to finish the fight against COVID, create jobs and a swift recovery from the COVID recession and lay a foundation for robust, inclusive, green, long-term economic growth.
This budget is about helping middle-class Canadians, helping workers and helping more Canadians to join the middle class. It is about embracing this moment of global transformation to a greener, cleaner economy. It is a plan that will help Canadians and Canadian businesses heal the wounds of COVID and come roaring back.
First, we need to finish the fight against this virus. This bill includes a one-time payment of $4 billion to the provinces and territories to support their health care systems, support that is so essential as we fight the third wave. This is in addition to the $1 billion to support the provinces and territories as they ramp up their vaccine campaigns.
We are making progress in our vaccination efforts, and I know that team Canada can vaccinate even more Canadians even more quickly, and we will. I was vaccinated with the AstraZeneca vaccine at a Toronto pharmacy 15 days ago, and I encourage all Canadians to get vaccinated as soon as it is their turn.
The pandemic has caused a recession, so we need to start by rolling out a comprehensive plan for jobs and growth, to address the disproportionate impact the recession has had on women, young people, racialized Canadians, low-wage workers and small business.
A cornerstone of our plan is a historic investment of $30 billion over five years, reaching $9.2 billion annually, in permanent investments to provide high-quality, affordable and accessible early learning and child care across Canada. Our goal is that within five years, families everywhere in Canada should have access to high-quality child care for an average of $10 a day. Dear colleagues from all political parties, let's make a commitment together today to all Canadians. Let's get this done.
I want to take a moment to recognize Quebec's leadership, especially that of feminist Quebeckers, who have led the way for the rest of Canada.
While we know better days are ahead, many families are still struggling. Around a million Canadians either remain out of work or are working significantly fewer hours than they were pre-pandemic. We must support hard-hit Canadians and businesses across the country so they can recover as soon as possible.
Bill C-30 includes emergency supports for Canadian workers, businesses and families.
The legislation extends the Canada emergency wage subsidy, the Canada emergency rent subsidy, and lockdown support through to September 25, 2021 which will help protect millions of jobs.
With this legislation, we are providing a bridge for people who are unable to work because of COVID by extending income supports, maintaining flexible access to EI benefits, and extending the EI sickness benefit from 15 to 26 weeks.
Bill C-30 also introduces a $15 an hour federal minimum wage. It expands the Canada workers benefit, extending income top-ups to about a million more low wage workers, and lifting nearly 100,000 Canadians out of poverty. These are measurable concrete steps to help Canadians who need help.
We must also help small business, the backbone of our economy and every main street in the country. To do that, we need to improve access to capital and help businesses hire more workers, in particular, through the new Canada recovery hiring program.
Young Canadians have made tremendous sacrifices this past year to protect their elders, and now, they need our collective support.
Through Bill C-30, we will make college and university more accessible and affordable by extending the waiver of interest accrual on federal student loans until March 2023. This will mean savings for more than 1.5 million Canadians repaying student loans. We will not let young Canadians become a lost generation.
Mr. Chair, I have spoken today about just a few of the measures included in Bill C-30, measures which will make a tangible positive difference in the lives of millions of Canadians.
This is a plan for jobs, growth and the middle class. It is a plan built around helping Canadians recover, succeed and thrive.
I recognize the critical role parliamentary committees play in scrutinizing government legislation, and I'm grateful to all of you for your hard work.
Bill C-30 is a historic first step towards recovery and new economic growth for future generations of Canadians.
I would be pleased to answer any questions you have as you study this critically important piece of legislation.
Thank you.
Thank you very much.
View Julie Dzerowicz Profile
Lib. (ON)
Perfect.
Thank you for that, and thanks to everyone for this really great conversation on a multitude of issues.
I will start off with ACORN Canada.
One of the things in my great riding of Davenport, which is a downtown west Toronto community and a very working-class community, is they put these little signs on their lawns and they've been asking me for years, “Julie, when is the federal government going increase the minimum wage to $15?” They've been very much lobbying for it. I know that they've been delighted to see that it's been introduced into budget 2021. Can you talk to how our announced $15 federal minimum wage can help low-income Canadians?
Blaine Cameron
View Blaine Cameron Profile
Blaine Cameron
2021-04-29 17:32
That's going to be of great benefit to them. It means that they can afford to eat better, to live better, to provide for their families. You kind of cut out there, so I didn't get what was introduced federally.
View Julie Dzerowicz Profile
Lib. (ON)
I just talked about what we introduced, which was the $15 minimum wage in our federal budget, and I wanted to get your thoughts about how you think it's going to be helpful to low-income Canadians.
Blaine Cameron
View Blaine Cameron Profile
Blaine Cameron
2021-04-29 17:33
I'm not versed on the subject in terms of who exactly will benefit from that, since it's federal and not provincial legislation. I would have to refer you to our head office to answer that particular question. I apologize.
Blaine Cameron
View Blaine Cameron Profile
Blaine Cameron
2021-04-29 17:34
I think if they're setting that standard federally, it definitely puts pressure on the provincial governments to follow suit.
Results: 31 - 45 of 95 | Page: 3 of 7

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