“Mr. Speaker, I am rising to follow up on a question I asked in question period on the topic of the economy and, in particular, the spring economic update, which we have been debating these last few weeks. In the spring economic update, the government’s charts show that Canada has one of the lowest net debt-to-GDP ratios. In fact, the government brags that Canada’s net debt-to-GDP ratio is far below the G7 average of about 100% and is around 10%. However, with every financial statement, I have learned that we have to read the notes, because in the notes we find the information we need to understand these numbers. When we read the notes to these charts, charts 34, 35 and 36, I believe, in the spring economic update, we will find the following in relation to defining government net debt: “The internationally comparable definition of ‘all levels of government’ includes the central, state, and local levels of government, and social security funds. For Canada, this includes the federal, provincial, territorial, and local and Indigenous government sectors, and the Canada Pension Plan and the Québec Pension Plan.” That is the key provision in the note, right at the end, where it says, “and the Canada Pension Plan and the Québec Pension Plan.” What the government is saying is that it has included in its calculation of debt and assets Canada’s pension plans. Of course, including Canada’s pension plans and their assets will lower the net debt-to-GDP ratio, but these assets have been earmarked for future pension obligations. They are not, or at least should not be, available to satisfy general government debt. Of course, the CPP and QPP are independently managed, as they should be. The government is suggesting in its spring economic update that the pension of Canadians be available to satisfy its debts. I am not arguing about the calculation of net debt to GDP right now. I am simply focused on the idea that the government is suggesting that the assets of the CPP and QPP could be used to satisfy government debts. My question to the parliamentary secretary this evening is this: Is it the position of the Liberal government that the CPP and the QPP could be raided by foreign creditors to satisfy the government’s debts?”
Statement grade
C
The average of Signal, Relevance, Respect and Clarity is 76. The grade is held to 64, 30 above Relevance.
64 / 100, held down by Relevance
A score under 50 is red. Choose a measurement to see where it lost points and why; choose it again to clear.
Claims 92%Reasoning 2%Procedure 4%Promise 2%
This view breaks the statement into its steps and names what each one does.
Madam Speaker, Claims · 48 wordsallow me to start off by emphasizing that the global landscape is rapidly changing, leaving businesses, workers and families under a cloud of uncertainty.As a result of all these geopolitical shifts, the costs of groceries and everyday essentials in Canada have been high for way too long.Reasoning · 10 wordsWe believe our economy is stronger when it serves everyone.Claims · 276 wordsThat is why we took action to make groceries and other essentials more affordable in the near term and, in parallel, to promote food security and support innovation in the agricultural and food sectors.Vague promiseTo support the people most affected by the rising price of food, in January 2026 we announced a new Canada groceries and essentials benefit to help more than 12 million Canadians afford day-to-day essentials.1The Canada groceries and essentials benefit builds on the existing goods and services tax credit and will provide $11.7 billion in additional support over six years.2This includes a one-time top-up payment to be issued June 5, equal to a 50% increase in the annual 2025-26 value of the GST credit.3This delivers, of course, $3.1 billion in assistance to individuals and families who currently get the GST credit.4We know that Canadian household budgets are feeling the squeeze from higher costs.There is no doubt that this spike is causing financial difficulties for far too many individual Canadians.To help Canadians and businesses manage such pressures, our government introduced a temporary suspension of the federal fuel excise tax on gasoline, diesel and aviation fuels.5The suspension came into effect on April 20 and will stay in place until and including Labour Day, September 7.6This step is expected to lower Canadian bills at the gas station by up to 10¢ per litre in gasoline and four cents on diesel.7Such temporary suspensions are expected to save Canadians up to an estimated $5.75 on gasoline when filling up a typical 50-litre tank of fuel.8Overall, the suspension is estimated to provide relief of over $2.4 billion in 2026-27.9Partly on pointProcedure · 19 wordsWe have done even more to alleviate the pressure from the high cost of fuels on Canadian household budgets.ProcedureClaims · 71 wordsRight after taking office, the Prime Minister cancelled the federal consumer fuel charge, effective April 1, 2025, in a move that directly helped Canadians save money at the pump.10As of that very same date, our government also removed the requirement for provinces and territories to have a consumer-facing carbon price.11These actions helped reduce gas prices in most provinces and territories by about 18¢ per litre in comparison to 2024-25.12Partly on pointProcedure · 3 wordsThere is more.ProcedureClaims · 133 wordsOur government is also delivering major tax breaks to Canadians.Since July 1, Canadians have been paying less tax, after the government lowered the first marginal personal income tax rate from 15% to 14%.13Thanks to this change, I would add, 22 million Canadians benefit from tax relief of up to $420 per person, saving two-income families up to $840 this year.14Our government has eliminated the GST for first-time buyers on new homes up to $1 million and reduced the GST for first-time homebuyers on new homes between $1 million and $1.5 million.15In addition, we have also made the national school food program permanent, providing school meals for up to 400,000 children each year.16Despite what the member is suggesting, there are a number of different affordability measures in the update.Promise · 14 wordsWe are working on that.Vague promiseWe are working on investments, Vague promiseand we will continue—Partly on pointVague promise