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Results: 1 - 8 of 8
View Philip Lawrence Profile
CPC (ON)
I can agree with the chair. I would certainly like to see more Liberals retire.
Thanks very much.
My question, obviously, is for the minister.
The inability to collect revenue from tax evaders—which is somewhere in the neighbourhood of $10 billion to $25 billion a year—has real consequences. Our debt now, Minister, is over a trillion dollars, the government's debt-to-GDP ratio will exceed 50% and the government has shown little, if any, ability to control spending. Despite raising taxes on many hard-working Canadians and business owners, it has shown also a very poor record of increasing revenue. In fact, it has zero record of it. No doubt that's partially due, as I mentioned, to billionaire evaders and Liberal friends avoiding taxes.
Will the minister finally come clean today and announce when the Liberals will be putting a tax on one of the few tax shelters left to middle-class Canadians—that being their homes? Otherwise, why would they be tracking the sale of principal residency, if not to eventually tax it?
View Brad Vis Profile
CPC (BC)
That's very helpful.
Earlier in your remarks, you touched upon the budget line item regarding the 1% non-residents tax. I don't think I got that completely right, but you know what I'm referring to. In CMHC's market analysis division, have they done a study of the impact of the proposed 1% non-resident tax and the impact it would have on the Canadian housing market?
View Gabriel Ste-Marie Profile
BQ (QC)
Thank you.
If I'm not mistaken, the measure is for vacant housing.
Ms. Farha, did you want to respond to that? I saw that you raised your hand.
View Ed Fast Profile
CPC (BC)
View Ed Fast Profile
2021-04-22 16:37
Yes. You were a partner with Generation Squeeze, which is committed to reforming taxation as it relates to personal residences. Did that cause you any concern?
View Ed Fast Profile
CPC (BC)
View Ed Fast Profile
2021-04-22 18:09
This is not about “gotcha”. This is about trying to get to the bottom of the study, which is, I think, very important to Canadians. Obviously CMHC saw it as being important.
You have been quoted in the National Observer as suggesting that you want Canada's tax systems shifted to take more account of property value and other wealth. Is that correct?
View Ed Fast Profile
CPC (BC)
View Ed Fast Profile
2021-04-22 18:27
Dr. Kershaw, you are in favour of taxing housing wealth. Is that correct?
I think, in an answer to Mr. Julian's question, you said that there needs to be a move more towards taxing housing wealth.
View Elizabeth May Profile
GP (BC)
I'm so excited. I have a quick one for Dr. Kershaw.
I'm very interested in the tax announced in the budget, the non-resident, non-Canadian vacant house tax.
I would like your take on that.
Results: 1 - 8 of 8

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