Discussion · Government Orders
Ryan Turnbull Liberal
“We are speeding up permits for major mineral projects without lowering our standards. We also improved tax deductions for exploration to encourage more mining, because the world needs our resources. Our new business tax deduction helps companies of all sizes invest in new equipment and become more productive.”
“Mr. Speaker, Canada has always been a jurisdiction of high standards, and we are not going to lower those standards today. We are streamlining permitting processes to get shovels in the ground on major critical mineral projects. We have enhanced the tax deductions for exploration in this country for minerals and critical minerals and extended those benefits to incentivize more critical mineral development across Canada, because we have such a wealth of natural resource assets that the world wants and needs. The member opposite talked about the productivity mega deduction. It cuts across the entire economy, applies to businesses of all sizes and allows them to have the confidence to invest in themselves and in new machinery and equipment and enhance their productivity after getting the tax deduction this year. That is only going to be a good thing for investment in this country.”
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Mr. Speaker, Canada has always been a jurisdiction of high standards, and we are not going to lower those standards today. We are streamlining permitting processes to get shovels in the ground on major critical mineral projects. We have enhanced the tax deductions for exploration in this country for minerals and critical minerals and extended those benefits to incentivize more critical mineral development across Canada, because we have such a wealth of natural resource assets that the world wants and needs. The member opposite talked about the productivity mega deduction. It cuts across the entire economy, applies to businesses of all sizes and allows them to have the confidence to invest in themselves and in new machinery and equipment and enhance their productivity after getting the tax deduction this year. That is only going to be a good thing for investment in this country.