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Results: 76 - 90 of 1564
View Chrystia Freeland Profile
Lib. (ON)
View Chrystia Freeland Profile
2021-05-26 20:23 [p.7424]
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Madam Chair, once again, I thank the member for his question.
I want to point out that consultations, especially with the provinces and territories, will be very important in ironing out the details, such as the ones the member asked about in his questions.
Discussions with the provinces and territories revolve around business practices for payment service providers. Federal public servants, under the leadership of Mr. Michael Sabia, will continue to work closely with the provinces and territories on issues related to business practices like disclosure, accountability and dispute settlement mechanisms, and will review options regarding consumer protection, which is of great interest to my colleague across the way. All these discussions will take place in a way that respects provincial, territorial and federal jurisdictions.
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View Chrystia Freeland Profile
Lib. (ON)
View Chrystia Freeland Profile
2021-05-26 20:26 [p.7424]
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Madam Chair, that is an important question. The member opposite has highlighted exactly what our work and our consultations should be all about, specifically the consumer's position.
We must always ensure that consumers will be protected if they use a traditional bank or other mechanism. That is why we really need to pay attention to all the details of these regulations. That is why we will hold consultations to lay out the legislation in detail.
My team and I will be more than happy to listen to specific suggestions from the member opposite.
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View Chrystia Freeland Profile
Lib. (ON)
View Chrystia Freeland Profile
2021-05-26 20:28 [p.7424]
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Madam Chair, I can assure the hon. member that our government and all members of the House are committed to consumer protection. We understand the need to create space for new technologies in the Canadian economy, but we must also ensure that consumers are always protected. That really is our goal, and I think that goal is shared by all members of the House.
I would be quite happy to continue discussing this with the member, to listen to and understand his ideas on how to ensure that consumers will always be protected, even in the 21st century.
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View Chrystia Freeland Profile
Lib. (ON)
View Chrystia Freeland Profile
2021-05-26 20:30 [p.7424]
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Madam Chair, it may be his last question, but it is a very complicated question that covers multiple subjects.
I will start with the last part of his question, that is cryptocurrencies. In my view, this is an important issue that must be addressed. We must have a conversation about this with our international partners and allies. In the G7, for example, finance ministers and central bank governors have already begun discussing this at their meetings. I agree with the member that we need to do this.
In my opinion, we must do two things at the same time. We must ensure that Canada's economy is ready to embrace these new technologies. Canada has fantastic technologists, scientists and researchers. We also need to have some ground rules that make it possible to innovate and use new technologies.
However, with regard to the financial sector, we must ensure that we encourage the use of new technologies while continuing to protect consumers and their rights, privacy and personal information. To be frank, it is going to be difficult, but I am convinced that we can do it.
To conclude, I would like to point out that this must be done in close collaboration with our international allies, including the European Union. That is exactly what we are doing.
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View Chrystia Freeland Profile
Lib. (ON)
View Chrystia Freeland Profile
2021-05-26 20:34 [p.7425]
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Madam Chair, let me also congratulate you on the tech support you just offered.
Let me say to the member opposite that I really believe, strongly, that we are all in it together. I share his conviction that everyone needs to pay their fair share. We have introduced measures in this budget to ensure that is the case. That is why we have introduced a luxury tax. That is why we have introduced a digital services tax. That is why we have introduced a tax on vacant property owned by non-resident, non-Canadian owners, and that is why we have introduced the most aggressive measures to fight tax evasion and tax avoidance that have ever been introduced by a Canadian government.
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View Chrystia Freeland Profile
Lib. (ON)
View Chrystia Freeland Profile
2021-05-26 20:36 [p.7425]
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Madam Chair, as the member opposite knows, our government strongly agrees with him that the first priority during the fight against COVID has been to support Canadians and Canadian workers. I am so pleased that 5.9 million Canadians have been supported through the CERB, 1.95 million Canadians have been supported through the CRB and 5.3 million Canadian jobs have been supported through the wage subsidy, including 621,000 jobs in the member's province of B.C. As the member opposite also knows very well, his province of B.C. and other provinces across the country are making great strides in the fight against COVID. They are opening up the country. They have put forward clear and strong plans, and our programs have to adapt accordingly.
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View Chrystia Freeland Profile
Lib. (ON)
View Chrystia Freeland Profile
2021-05-26 20:38 [p.7426]
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Madam Chair, I am very pleased that in the budget we were able to keep our campaign commitment to raise the OAS for seniors 75 and older by 10%. We appreciate, as I think do all members of the House, that as a person gets older, their needs are greater, their savings may be running out and their ability to work diminishes. I am very pleased that for Canadians 75 and older we are able to offer this additional support.
The member points out something else, though, which is so important to me, to our government and I believe to all Canadians. In addition to supporting seniors in our budget, we need to invest in young Canadians. This pandemic has hit our youth hard and they have sacrificed for us. They have sacrificed to preserve the lives and health of their parents and grandparents. That is why I am so pleased that this budget makes an unprecedented $5.7 billion investment in young Canadians. That investment will double the Canada student grant for two additional years, it will extend the moratorium on federal interest and it will mean that 450,000 low-income student borrowers will have access to more generous repayment assistance.
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View Chrystia Freeland Profile
Lib. (ON)
View Chrystia Freeland Profile
2021-05-26 20:42 [p.7426]
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Madam Chair, I actually agree with the member opposite that it is essential for us to take action against tax evasion and aggressive tax avoidance schemes.
The member opposite began his round of questions by asserting something I disagree with. He said we are really not in this together. Here I part ways with him, because I think we really are in it together. However, to be in it together, it is essential for us all to pay our fair share and for Canadians to know everyone is paying their fair share. That is why I am so proud of the extensive measures in this budget to close loopholes, to make popular tax avoidance schemes no longer permitted, to provide significant additional resources to the CRA to go after illegal tax evasion and unprecedented measures to shine a light on beneficial ownership schemes.
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View Chrystia Freeland Profile
Lib. (ON)
View Chrystia Freeland Profile
2021-05-26 20:44 [p.7426]
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Madam Chair, as I said, I actually agree with the member opposite about a lot. He has a very sincere and many years' worth of commitment to supporting working people in Canada, and I strongly share that commitment. That is why one of the budget measures that are most important to me personally is the Canada workers benefit.
However, I part ways with the member opposite when it comes to what seems to me embedded in his question, which is a lack of concern about the stability of the financial sector in a once-in-a-generation economic crisis. When COVID first hit Canada and the world, we were plunged into the greatest depression since the Great Depression. The government and the Bank of Canada and OSFI acted with urgency to maintain the stability of our financial sector. That was the right thing to do.
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View Chrystia Freeland Profile
Lib. (ON)
View Chrystia Freeland Profile
2021-05-26 20:46 [p.7427]
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Madam Chair, there are a lot of questions there, so let me go through them quickly.
I know the member opposite sincerely cares about workers, seniors and students. So do I, and I know that a collapse of the financial sector would hurt each one of those groups. That is why, in a once-in-a-generation crisis, the government, the Bank of Canada and OSFI acted as they ought to do and as they needed to do.
Let me point out that when it comes to disabilities, the budget includes important measures to provide additional support to students with serious but temporary disabilities. I am really glad that it is there.
When it comes to the wage subsidy, the most important thing for us to bear in mind is that it has supported 5.3 million jobs across the country.
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View Chrystia Freeland Profile
Lib. (ON)
View Chrystia Freeland Profile
2021-05-26 20:48 [p.7427]
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Madam Chair, briefly, it is simply not correct to overlook the very significant support that Canadian students with disabilities are getting in this budget. That is going to transform lives, and I am glad that it will.
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View Chrystia Freeland Profile
Lib. (ON)
View Chrystia Freeland Profile
2021-05-26 21:04 [p.7429]
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Madam Chair, I am delighted the member opposite is drawing attention to student loans, because support for students is one of our government's priorities. This budget commits $5.7 billion to Canadian students. That includes doubling the Canada student grant for two more years. It includes extending the moratorium on federal interest and ensuring that 450,000 low-income student borrowers will have access to more generous repayment assistance.
I trust the member opposite supports that.
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View Chrystia Freeland Profile
Lib. (ON)
View Chrystia Freeland Profile
2021-05-26 21:06 [p.7429]
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Madam Chair, I struggle to understand the sincere intent behind the member's question. Is she implying that somehow we should not be making student loans available to young Canadians? If that is her implication, I could not more strongly disagree. Student loans are essential to our young people. They are an essential investment in our future.
I am so proud that this budget strengthens the student loan program and that, thanks to this budget, young Canadians earning less than $40,000 do not have to start repaying their student loans.
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View Chrystia Freeland Profile
Lib. (ON)
View Chrystia Freeland Profile
2021-05-26 21:07 [p.7430]
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Madam Chair, again, I would like to probe a bit the intent behind the member's question. She has been asking about the wage subsidy. That is a program that has supported 5.3 million Canadian jobs. In her native province of Manitoba, it has supported 175,000 jobs alone.
Our priority is Canadian students and Canadian workers, and we will do whatever it takes to support them.
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View Chrystia Freeland Profile
Lib. (ON)
View Chrystia Freeland Profile
2021-05-26 21:09 [p.7430]
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Madam Chair, what I will commit to is an important measure in Bill C-30 and I hope the member opposite will support. This measure applies to publicly listed corporations that received the wage subsidy for any qualifying period after June 5. These corporations would be required to pay the amount by which the remuneration of their top executives in 2021 exceeded their remuneration in 2019 up to the amount of wage subsidy received for active employees for this period. That is an important measure and I look forward to support from the other side of the House for it.
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