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Ryan Turnbull

Liberal on Taxation

Replying to Melissa Lantsman (Conservative)
“Mr. Speaker, the Prime Minister stood in the House and said affordability is the best it has been in decades, and we know that is not true. The government said that the debt-to-GDP would go down, and we know that is not true. After a decade of runaway Liberal spending, Canadians cannot keep up. Food banks saw a record 2.35 million visits in a single month, and inflation is above the bank’s target range. Instead of easing the pressure, Ottawa keeps adding to it. Federal taxes still add up to about 20¢ for every litre of gas. Nobody is telling the Prime Minister to change things that are out of his control. He found billions for everything else. Will he find 20¢ a litre for every Canadian on Thursday?”

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Mr. Speaker, we can all recognize that Canada has the strongest fiscal position in the G7. We have the lowest net debt-to-GDP ratio by far, given it is at 40.7%, with the G7 average, excluding Canada, at over 100%. We found $60 billion in savings, and we are on track to balance the operating budget one year ahead of schedule. Also, we topped the G7 in second quarter growth and have seen a large spike in new business investment. Our plan is working, and budget 2026 will build on that plan to build the strongest economy in the G7. Just wait until Thursday.