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Results: 541 - 600 of 742
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, what I would like the hon. member to reflect on is that only in the eighties and the nineties did the interest rate exceed the rate of growth. That is a fundamental—
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, I very much understand the relevance of history and the way in which Canada's very traumatic experience of debt in the 1990s is shaping the current debate. That is why I addressed that very directly in my speech—
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, I am really glad to have the member opposite ask questions about that because I think it is so important for us as a country to remember the lessons of the 1990s and to appreciate—
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, I am going to quote a Financial Post writer who observed that for sure debt is a concern when it comes to our future generations, but saddling them with a weaker economy than it needs to be is an even greater concern. That is—
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, I am really pleased that in all the questions we have been receiving tonight, there seems to be a unanimous view that the new rent subsidy program we are debating is a good program that will support our businesses in the future.
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, I believe that it is the responsibility of banks, landlords and all of us to be supporting the Canadian businesses—
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, without knowing the precise details of the enterprise, I cannot give precise guidance, but I would say this. If we can get this legislation passed with alacrity, which I really hope we can, then Canadian businesses will be able to get up to—
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, businesses can get up to 90% of rent covered, up to 65% of wages covered, plus a CEBA loan of $60,000, $20,000 of it forgivable.
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, the first thing I would say is this is not about support two months from now. This is about support really quickly.
The second thing I would say specifically to the Conservatives is that it is time for them to choose a lane. They need to decide whether they think we need to be offering meaningful support to Canadian businesses, as the questions I am getting now suggest, or whether their preoccupation is with debt and deficits. Pick a lane.
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, I would tell them that it is not about what interest rates were in the 1990s, which seems to be the obsession of the member's caucus colleague. I would urge the members on the Conservative benches to really reflect on what they care about. Is it supporting Canadian businesses or is it debt?
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, I thank the member for his question.
The wage subsidy is designed to help employers protect the jobs that Canadians depend on and to rehire workers who have already been laid off. This support applies to employers of all sizes in all sectors, including not-for-profit organizations that have been hit hard by COVID-19.
To date, more than 3.8 million employees across the country are being supported by the wage subsidy. It is an important program—
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, I thank the member once again for the question.
I know the member is very familiar with the wage subsidy program. As I have already explained, this program was created to help many businesses and organizations in Canada.
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, I thank the member for his question.
I know that the member is very familiar with the wage subsidy and that he knows that this program was created for all of Canada, for all businesses, big or small, and for not-for-profit organizations. That was the purpose of the program, that is what the program did and that is what it will continue to do.
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, I did go to high school in the excellent riding of Edmonton Strathcona.
We absolutely know that there are businesses across the country that need support. That is why we are discussing tonight strong programs to support Canadian businesses, rent support of up to 90% if a business is subject to local lockdown.
View Chrystia Freeland Profile
Lib. (ON)
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, the wage subsidy is organized to help as many people keep their job as possible, but it is a very important issue to look into and to think about.
View Chrystia Freeland Profile
Lib. (ON)
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, that is an excellent question. We need to focus today on fighting COVID and getting through the COVID winter. Then once COVID is conquered, that will be the time for a program of government investment for jobs and growth.
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, I really share the member opposite's concerns about the COVID situation in Alberta and particularly in Edmonton. I have been in touch with Don Iveson about it. It is something on which we all really need to focus. Edmonton and Edmontonians really have our government's support in this fight against COVID.
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, first of all, I want to thank the member opposite for his support and the support of his chamber for these programs. I think what we will have in place once we get this passed into law is a comprehensive set of supports for workers and for businesses that will get us through together until next summer. That is a really big deal. I can think of no other country in the world that will have such comprehensive—
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, thank you for bringing in a note of levity to our late-night debates. I am just going to finish my sentence from the last answer, because it is really important. We are now going to do something very special with this legislation. We are going to have targeted mutually reinforcing programs that go up and down as the economy needs it with—
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, our government is very available to answer questions. Here we are late into the evening, and I think we are all actually glad to be here and to be having this discussion. I have also—
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, I know everyone is really looking forward to it because we have heard a lot about it tonight. We have said we will provide an update later this year.
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, as we have heard from the Secretary of the Treasury Board, we strongly support the work of the Auditor General and we believe the Auditor General does need the—
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, as I said, I am really thrilled everyone here is waiting with bated breath. The fall fiscal—
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, since we talked about this when it came to Edmonton, I would like to start by saying how much all of us in this House are thinking of the people of Manitoba as they fight a very powerful resurgence of COVID. We are here for Manitoba. I do want to point out that the additional lockdown support we are talking about tonight could be of particular—
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, the changes in the emergency wage subsidy, which we are talking about tonight, were first promised in the Speech from the Throne, and that it would go through to the summer. That is a commitment that I am delighted we are keeping.
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, I think that we all agree that the new Canada rent subsidy is a really good program that is going to support a lot of Canadian businesses. I am proud that we are discussing it.
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, we are talking about some really important legislation. The sound and fury of the past two hours may obscure the fact that we all agree this is legislation—
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, this coronavirus pandemic has given me a renewed appreciation of the hard work and the value of CRA. This is the agency that has been able to deliver support to literally millions of Canadians. I am grateful to the people—
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, I certainly am and when it comes to offering forecasts, we were clear in the Speech from the Throne about that.
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, we committed in the Speech from the Throne to offer detailed fiscal projections in the fall economic update and we will do that. We are not going to—
View Chrystia Freeland Profile
Lib. (ON)
View Chrystia Freeland Profile
Lib. (ON)
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, what I expect is that Canadian businesses and Canadians can now rest easy knowing we have programs in place until then.
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, I have huge respect for the private sector and I am so thrilled that so many Canadians are back at work, that 76% of Canadian jobs are back. I am grateful for all—
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, we have been clear. We committed in the Speech from the Throne to do a fall economic update and that is what we are going to do.
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, I am delighted to hear Conservatives talking about homelessness in Edmonton. That is a big focus of ours. We are delighted to work with Mayor Iveson. We will keep on doing that. He is doing a great job on homelessness.
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, I would like to thank the hon. member for his really hard work, not only representing his riding, but also speaking for rural Canada. I always appreciate his advice on these issues.
When it comes to his question about what is so valuable about the measures all of us are supporting in this House tonight, we are now going to be able to say to small businesses across the country they will get up to 65% of their wages covered and up to 90% of their rent covered if they are subject to a local lockdown. Let us not forget about the expansion of CEBA, up to—
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, I am glad the member mentioned the Atlantic bubble. This was controversial when Atlantic premiers first introduced it. The significant restrictions they—
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, I would summarize our plan this way: Right now the focus for all of us needs to be fighting the second wave of the coronavirus, and for the government and all members of the House to be supporting Canadians and Canadian businesses as we get through that fight. Then, once the virus is vanquished, it is going to be time for all of us to turn our attention to investing for a roaring-back Canadian economy. We have been talking about that, too, a lot tonight, and that is going to be something we are going to be well positioned to do, and I know that we are all going to contribute to that effort.
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, agriculture is so key to the Canadian economy. It is key to Canadian society and Canadian communities. I think we should all be proud of our farmers, and of course agriculture and our farmers are going to be a key part. They are a key part of our economic—
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, I would like to thank the member opposite for her visible hard work on behalf of her constituents and the businesses in her riding.
What we are talking about tonight is a very substantial, comprehensive set of measures that will help Canadian businesses, like the ones the member opposite has described in her riding, going forward. The rent subsidy means 65% of rent covered and up to 90% if they are subject to a local lockdown, and that goes back to September 27. The wage subsidy is up to 65% of wages covered, and, of course, there is CEBA, which we are going to expand so businesses can get a 60% loan—
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, the member opposite makes me want to go dine in London, Ontario with that description.
This program will apply from September 27. It is focused on the future and provides really generous support for businesses.
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, we are talking tonight about providing really significant support for enterprises, with up to 65% of wages covered. That is a grant, not a loan.
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, I will conclude my answer to the last question, because it is important for Canadians to understand. Neither the wage subsidy nor the rent subsidy involve additional debt for businesses. These are straight grants from the government to Canadian enterprises. I agree that is what Canadian enterprises need. That is why we are going to be there for them.
I would also like to point out a new feature of the rent support program. It is available not only to enterprises that are renters but also to support enterprises and entities that are—
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, I think the New Democratic Party shares our government's absolute focus on helping the small businesses that need the support the most. That is what this program has been—
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, obviously, to answer categorically, one would need to know the specific details, but this rent support also covers interest payments. It is not only for rent. If someone has an interest payment on a building, that is covered too.
Results: 541 - 600 of 742 | Page: 10 of 13

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