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Results: 601 - 660 of 889
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, I would really like to ask the Conservatives to be clear with Canadians and maybe even to be clear with themselves as to what they are driving at. We know what the NDP believes in. We know what the Bloc believes in, but the Conservatives right now seem to be struggling. On one hand they are concerned enterprises in their ridings are not getting enough support from the government, but on the other hand they seem obsessed with debt and deficits. Conservatives really owe it—
View Chrystia Freeland Profile
Lib. (ON)
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, the question is, what is the Conservative Party's policy? Is it a policy of austerity, or is it a policy of supporting businesses?
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, it is actually a question of policy, a question of philosophy.
Our philosophy is to support businesses. I want to know what the Conservatives' policy is.
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, it is something that I think about a lot and we are doing some important work on this. In fact my colleague, the Associate Minister of Finance, is very focused on this and is doing some really important work exploring precisely that issue and exploring precisely whether there are some other metrics that we can and should be looking at.
As I know the member for Vancouver Granville is also aware, countries like New Zealand have been very effective in bringing some of this thinking into their own economic policies. If we look at how effectively New Zealand has fought the coronavirus, we need to appreciate there is a lot we can learn from them.
Finally, and I think the member for Vancouver Granville was going in this direction, the coronavirus has revealed in a very bleak way how we all pay a price if we leave the most vulnerable among us without resources. That is yet another reason why, in our plan for a recovery, we need to be thinking a lot about how we support the most vulnerable—
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, I would like to thank the member for Vancouver Granville for another really thoughtful question.
I would like to say that another lesson of COVID has been how effective indigenous communities can be when they have the tools and authority to look after their own well-being. We have seen indigenous communities across the country take really tough decisions about protecting their health and well-being on reserve, and those decisions have really paid off.
I agree with the member opposite that we need to really speed up our work on reconciliation and our work on being sure that indigenous communities have the tools they need to control their own fate. That is the answer.
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, the member opposite is absolutely right that a core direction for our government has been the understanding that health care is delivered by provinces and territories. We knew that we needed to support provinces and territories with really unprecedented levels of financial support. The safe restart has provided, as the member knows very well, $19 billion to provinces and territories, and then an additional $2 billion for the safe return to school. That came after half a billion dollars of—
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, I absolutely share the member opposite's analysis. I agree with him about the social determinants of health. We are just seeing very starkly both that the coronavirus is ruthlessly targeting the most vulnerable among us and also that we really are our brother's keeper. We are all paying the price for that.
What do we need to do about it? The first step is to have support measures in place now to help all Canadians get through it. The EI and the new CRB measures we voted for on September 30 are playing an important role there. I also think the rapid housing initiative referred to earlier tonight is so important. If part of our fight against coronavirus can be real progress on ending homelessness in Canada, that will be both a necessary and major accomplishment.
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, that is another great question. I share the member's preoccupation with long-term care. I think this is a national tragedy and a national shame. We have to do better. I do not minimize how hard it is to do this.
I want to say to our partners in the provinces and territories that we are there to work with them on it. Significant support has already been provided in the safe restart agreement. We are—
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, I thank the member for her question.
I want to say two things. First, I hope the member will agree with me that the rent relief is very important and that we must pass it, because many businesses in Quebec need it.
Second, I agree—
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, I thank the member for her question.
As I have already explained in response to the Bloc's other questions, our approach with the rent relief is to focus on the future, not the past. However, I agree with the member that seasonal businesses are unique, and I agree that we need to find a solution.
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, we tried to strike a balance with the Canada emergency wage subsidy and the Canada emergency rent subsidy.
We gave our businesses plenty of certainty. We told them that the help would be there until June 2021 and that it would remain at its current level until December 19.
At the same time, we need to be flexible. We do not know how the economy will be doing or what the public health situation will be. We therefore found—
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, I would like to start with where Canadians are now. I think it is so important for us to appreciate that we are in a second wave of the coronavirus. This is really serious.
Canada is in a lucky position because the virus has hit us later than many other countries, so we can look at their experience. If we look at what is happening with Europe, the situation is really disquieting.
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, I just want to emphasize that the second wave is here. It is hitting countries much like ours with a vengeance—
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, as I said earlier this evening, I urge colleagues to have patience. We committed in the Speech from the Throne to a fall economic—
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, as I said, the next important economic moment is going to be our fall fiscal update. I am glad so many members are looking forward to it.
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, let me start with the premise of the question, which I think is not quite right. With this legislation, which we are all talking about tonight and voting on tomorrow, we are offering certainty to our businesses. We are saying these essential programs will be in place until the summer. That is really important, and I am glad we all support that.
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, I am grateful for all the great ideas we hear in this House, and I am really glad we are going to support this important legislation.
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, I have thought really carefully about the intended consequences of the lockdown support. What I believe this support will do is empower public health officers, mayors and premiers to do the right thing for health because that is going to be the right thing for the economy.
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, the members opposite seem to be confusing the job of the finance minister with the job of the Governor of the Bank of Canada. I understand the distinction, and I honour it.
View Chrystia Freeland Profile
Lib. (ON)
Again, Madam Chair, the members opposite seem oddly keen on undermining the independence and the authority of the Bank of Canada, and I can think of nothing that is more pernicious and more dangerous in this difficult time. Our government believes in the independence of our Bank of Canada. We know how important that is to our economy.
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, the Conservatives may, for partisan reasons that I actually do not entirely fathom, seek to attack the Bank of Canada—
View Chrystia Freeland Profile
Lib. (ON)
Again, Madam Chair, external demand for Canadian securities is in fact very strong because of our strong economic performance and because of our strong fiscal record. However, I want to repeat, the Conservatives cannot have their cake and eat it too. Either they believe in supporting Canadians and Canadian businesses or they do not.
View Chrystia Freeland Profile
Lib. (ON)
Again, Madam Chair, I say to the Conservatives to pick a lane: They are for austerity or they want to support Canadians. We know what we believe in.
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, I do want to say how much I admire and respect the people who are keeping our planes flying. They are doing a terrific job in circumstances that are really challenging and I know how dedicated they are. We are looking now carefully at the particular circumstances the airlines face—
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, let us just remember that what we are talking about tonight is very comprehensive support that is going to be in place until the summer. I do not think there is any country in the world—
View Chrystia Freeland Profile
Lib. (ON)
As I said, Madam Chair, the programs that we have put in place are extensive. We, together here in the House, are giving businesses and organizations across the country real certainty. We know that they do not cover—
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, we agree about a lot in the House. We are going to vote together to support Canadian businesses. However, I think we disagree on firearms and I am very glad to be on this—
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, I am not sure which order in council the member is speaking about, but if he is talking about firearms, we are proud of our government's position. We—
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, what I think is there is a clear line between us and the Conservatives. We believe military-style assault weapons have no place in the hands of Canadians.
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, as I said, on this point we differ, and I am proud to be on our side. We need to get these weapons out of our country.
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, these subsidies are about helping our businesses get through the fight against COVID. They are about helping businesses across the economy and across—
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, let me start by thanking the member opposite for his truly heartfelt question, a question that, to me, reflects real knowledge of his community and real advocacy for his community. I really respect that and I am grateful for the input.
In terms of the measures that we are going to be voting on tomorrow, together we can all be really proud that once we have passed this legislation, Canada will have a set of measures that are mutually reinforcing, that will be in place until the summer, that support businesses and support Canadians, and that I think are second to none anywhere in the world.
We will have done our job helping Canadians to get through. That is what we need—
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, we are here for four hours tonight, answering questions of members from the opposite side of the House and across the country. That is democracy in action, and what I am really proud of is at the end of all of this, tomorrow, I hope that all of us are going to support these measures that are so important for Canadian businesses.
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, some verdicts are already coming in on how Canada is doing. I want to point to a TD report, which describes “The Tale of Two Recoveries: Canada Versus the U.S.” Here is what TD said, “Perhaps the old adage [that when the U.S. sneezes, Canada catches a cold] should be rephrased to say, 'When the U.S. sneezes, Canada builds antibodies'.”
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, I would like to point the members here to another verdict on how Canada is doing in fighting the coronavirus.
The Economist this week has written a piece that calls Canada a “Northern light”. The Economist concludes that “among rich countries Canada has so far performed well” on both the economic and epidemiological fronts. That is the objective view of how we are performing.
View Chrystia Freeland Profile
Lib. (ON)
moved that Bill C-9, An Act to amend the Income Tax Act (Canada Emergency Rent Subsidy and Canada Emergency Wage Subsidy), be read the second time and referred to a committee of the whole.
She said: Mr. Speaker, I would like to ask for unanimous consent to split my time with the member for Ottawa—Vanier.
View Chrystia Freeland Profile
Lib. (ON)
Mr. Speaker, I do not think I need to remind anyone in this place that we are battling an aggressive second wave of the coronavirus across Canada and around the world. In order for us to create the conditions for a robust and lasting economic recovery, we must take the right steps now to keep Canadians healthy and safe. We have to do that to flatten the curve, conquer the coronavirus and put it behind us.
While we are doing that, we must mitigate the economic harm of this pandemic in the short term, but also in the long term. That is why I am very happy to speak today in support of Bill C-9, a series of measures that, taken together, will provide Canadians and Canadian businesses with urgently needed support.
We realize that the best economic policy is a sound health policy. Life will not get back to normal in our factories, malls, movie theatres and restaurants until the virus has been eradicated.
We know that the best economic policy is a smart health policy. Normal life, including in our gyms, shopping malls, movie theatres and restaurants, will only resume in full measure once the virus is truly beaten.
The reality is that we must fight against any outbreak of COVID-19 regardless of where that might be. The way we fight this virus is by limiting our social contacts. That also means limiting our economic activities. In return, we must support Canadians and businesses when they face revenue losses. That is the only thing to do that is both fair and practical.
This is precisely what Bill C-9 would achieve.
First, it includes a new Canada emergency rent subsidy to provide direct rent support until June 2021 for businesses and other organizations that are losing revenue because of COVID-19. It allows for coverage of up to 65% of rent or mortgage payments for businesses that suffer a revenue drop of 70% or more. Support will be fixed at this level until December 19, 2020. For businesses suffering a revenue loss of less than 70%, there will still be support in proportion to how much revenue they have lost.
Like the Canada emergency wage subsidy, the new rent subsidy will be delivered through the Canada Revenue Agency, providing easy-to-access support directly to businesses. Critically, it will be directly available to organizations that rent their premises as opposed to requiring participation from their landlords.
In addition to the new rent subsidy, eligible businesses, non-profits and charities will have access to an additional 25% subsidy through our new lockdown support. If businesses have to close their doors because of an emergency COVID-19 lockdown restriction or have to significantly restrict their operations as mandated by a qualifying public health authority, these businesses will have the additional support they need and deserve.
As business circumstances improve, the levels of support we provide will decrease. If, sadly, circumstances worsen, the level of support provided will increase. That is built into these programs, which are designed to be flexible and to provide targeted support where it is needed most.
In addition, Bill C-9 would extend the Canada emergency wage subsidy through to June 2021. This fulfills a commitment in the Speech from the Throne. As we know, the wage subsidy was initially put in place for 12 weeks as an emergency measure to help employers keep workers on the payroll.
Starting last spring, we consulted widely with businesses and their employees. We were told loud and clear that the program was essential. Bill C-9 extends that essential support. It freezes the subsidy rate at 65% until December 19 to ensure that organizations can continue to pay their employees during the second wave.
Together, thanks to the measures in Bill C-9, Canadian businesses and organizations will receive the help they need when they need it. Let's be clear: these measures are based not just on our willingness to help people, but also on the economic realities.
Our economic objective is to stave off long-term economic damage, whether for a major manufacturer or a small family restaurant. Every business we lose creates a void in a community and the repercussions of that loss are felt throughout the country. We must put a stop to that.
Our public health objective is to support local public health officials in the agonizing decisions they must make, and are making, in our fight against the coronavirus. If public health officials anywhere in Canada believe that limited local lockdowns are the best way to stop the spread of the virus, our government will step in with additional economic support for affected businesses. That is what these programs, particularly the lockdown support, will provide.
As the Prime Minister has said, we can and will do everything in our power to help Canadians through this pandemic. In doing so, we will build the foundation for a strong, equitable recovery.
I would like to close by briefly addressing some economic fundamentals.
When COVID-19 hit, Canada had the lowest net debt-to-GDP ratio in the G7. Today, following our country's most ambitious emergency response since World War II, we are still expected to have the lowest net debt-to-GDP ratio in the G7. Our borrowing costs are at historic lows. Today's interest charges on Canada's debt as a share of GDP are the lowest in a century.
Our government is aware that the necessary fiscal measures for fighting the coronavirus are not unlimited. These are temporary but essential measures. These investments are a bridge to a safer and more prosperous future.
The proposed measures in Bill C-9, such as the new rent subsidy, the new lockdown support and the extended wage subsidy, are fundamental pillars of that bridge.
I ask all members of the House to join me in supporting Canadians and Canadian businesses as we confront this pandemic, as we conquer the virus and then, ultimately, as our economy comes roaring back. At a time when we see this global pandemic dividing so many societies around the world and thereby paralyzing their responses, I hope and trust Canadians will remain united.
We unanimously supported the income support measures. I hope we can do the same thing with these business support measures. We can get through this together.
View Chrystia Freeland Profile
Lib. (ON)
Madam Speaker, let me start by emphasizing, which is really important for Canadian businesses to know, that these programs will be retroactive to September 27. Businesses can get rent support for the month of October. Of course, the previous CECRA program did cover the month of September, so businesses are getting support all the way through.
I would also like to emphasize that, taken together, the income supports the House has unanimously voted in favour of and the business support measures I am speaking about today, which I hope will be unanimously supported, will create an interlocking set of support measures that will be in place until next summer. These measures are targeted and flexible, and together they will get us through.
View Chrystia Freeland Profile
Lib. (ON)
Madam Speaker, I thank my colleague for her question.
Our government's approach is to begin by providing general programs targeting all businesses across the country that have suffered losses. I think that is a good start. We have brought in measures to support Canadians until the fall of 2021.
Today we are talking about measures to support all businesses, depending on the losses they have suffered, until the summer of 2021. I agree that after we pass this bill, we can then think about what else can be done.
View Chrystia Freeland Profile
Lib. (ON)
Madam Speaker, I think our government has been very clear. We understand that now is not the time for austerity. At the same time, the measures we are talking about today are targeted measures to help our economy during the fight against the coronavirus. I am convinced the fight will not go on forever, so these measures will not be needed forever.
View Chrystia Freeland Profile
Lib. (ON)
moved that a ways and means motion to amend the Income Tax Act be concurred in.
View Chrystia Freeland Profile
Lib. (ON)
moved that Bill C-9, An Act to amend the Income Tax Act (Canada Emergency Rent Subsidy and Canada Emergency Wage Subsidy), be read the first time and printed.
View Chrystia Freeland Profile
Lib. (ON)
Mr. Speaker, let me be really clear about one thing. Canada, today, is facing a grave second wave of the coronavirus. Now is the time for all of us to come together and fight this second wave, which is ravaging Europe and our neighbour to the south.
Now is the time for us to focus on what we can do going forward to save Canadian lives and to preserve the Canadian economy. There will be a time for post-mortems, but while the plane is flying, one does not try to change the engine.
View Chrystia Freeland Profile
Lib. (ON)
Mr. Speaker, as I said, what I am focused on, what the government is focused on and what I believe all members of the House need to be focused on today is the crisis before us. We need to work together to fight the second wave, which is here right now.
I do agree with the member opposite that there are lessons we can all learn from this global pandemic. For me, one of those lessons is that, as a country going forward, we need to invest more in our public health systems. We need to invest more to be sure that when the next pandemic comes, Canada is even more prepared. I know that all members of the House will support us in doing so.
View Chrystia Freeland Profile
Lib. (ON)
Mr. Speaker, when the global pandemic hit Canada, we introduced tougher restrictions on the Canada-U.S. border than had existed in Canadian history. What I am especially proud of is that we have managed to have those restrictions in place without harming the vital trade between our two countries. That is a real accomplishment for the Canada-U.S. relationship. It is an accomplishment by all Canadians.
I want especially to thank Canadians living along the border, who have really enthusiastically understood the value of these restrictions and supported them.
View Chrystia Freeland Profile
Lib. (ON)
Mr. Speaker, I thank my colleague for his very important question.
I think all Canadians are truly horrified by this heinous attack in Nice, and I think I speak for all members of the House when I say that our hearts go out to the people of France and the people of Nice.
France is one of Canada’s closest, dearest and most important allies, and we will always stand in solidarity with France.
View Chrystia Freeland Profile
Lib. (ON)
Mr. Speaker, we never refuse to show leadership when it comes to protecting the lives of Canadians, and that is why protecting Canadians, here in Canada and around the world, is a priority for our government.
I want to emphasize one more thing, because it is very important: now and forever, Canada stands in solidarity with France and its people.
View Chrystia Freeland Profile
Lib. (ON)
Mr. Speaker, my father did not say, “Just watch me”, but I think this is an important question.
It is important to remember that the period surrounding October 1970 was difficult for all Quebeckers. We must think about the family of Pierre Laporte, for whom this anniversary brings some painful memories.
Results: 601 - 660 of 889 | Page: 11 of 15

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