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Spring Economic Update 2026 Implementation Act

2026-05-06 Sitting 118 Showing 1–5 of 5

Bill C-30, the Spring Economic Update 2026 Implementation Act, implements various economic measures that include adjustments to the Income Tax Act and Income Tax Regulations, changes to the Employment Insurance Act for seasonal workers, reductions to the Canada Pension Plan contribution rate, and other provisions. During debate, the Conservatives criticized the government's spending and handling of the economy, saying it is not addressing the real struggles of Canadians, while the Liberals and NDP discussed specific programs and initiatives.

Official Hansard ↗

Carol Anstey

Conservative 4:30 p.m.

“This bill spends $59 billion on debt interest. It creates a sovereign wealth fund with only borrowed money. It does nothing to fix our problems. ngOnDestroy”

Official Hansard

Mr. Speaker, to conclude my earlier speech on Bill C-30, the Liberals brag about $37 billion in spending, but they should walk into any grocery store in Long Range Mountains and ask families how they are managing. They do not want to hear about billions for international conferences. They want to know how they can afford to drive their kids to hockey or keep food on the table. Seniors on fixed incomes are falling behind. Entrepreneurs are wondering how to make payroll instead of how to grow. At a time when we should be bringing costs down, this bill proposes a sovereign wealth fund with no wealth behind it, only borrowed money. The cost of servicing the Liberal debt will reach $59 billion this year. That is more than the federal government transfers for health care, and it costs every Canadian family $3,400 just to cover the interest. Despite this unprecedented spending, our economic fundamentals are weakening. We face some of the worst indicators in the G7: high debt, unaffordable housing and weak productivity. Newfoundland and Labrador has the resource potential to be a global energy superpower, but we have been held back by a Liberal wall of regulatory bottlenecks and a punishing industrial carbon price. Conservatives believe Canada can do better. We believe in fiscal responsibility, lower taxes and unlocking our natural resources so that Canadians benefit from our country's wealth. We have enormous resource potential, but we need the government to get out of the way so Newfoundlanders and Labradorians can do what we have always done: work hard and provide for our families. Canadians are not asking for more Liberal empty announcements. They are asking for a government that understands the pressures they face and their realities. The people of Long Range Mountains are resilient. We have survived the hardest winters and the toughest seas, but we should not have to survive the Liberal government's costly credit card economic policies. Bill C-30 fails to provide relief or a sustainable path forward. Therefore, I cannot support this legislation.

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Carol Anstey

Conservative 4:30 p.m.

“We need more resource jobs. Train them, sure. But it's pointless if they have to leave to find work.”

Carol Anstey

Conservative 4:35 p.m.

“You're right, the Liberals cut funding for private colleges too. I know how that feels. We have good colleges in my riding. The government shouldn't push us around from the top down. That hurts our communities.”

Tamara Kronis

Conservative 4:35 p.m.

“I want you to agree that the government is out of touch. Families are struggling in my riding. I want you to say that the government doesn't understand and isn't helping.”

Carol Anstey

Conservative 4:35 p.m.

“I want to agree with you that the government is out of touch. People are struggling in my riding. Families have to choose between eating and heating their homes. Seniors can't afford medication. The government keeps saying things are great, but that's not what people are living. I want to look like I'm trying to help.”

Official Hansard

Mr. Speaker, I appreciate my colleague and friend's excellent explanation of exactly the same thing that I hear time and again whenever I am in my riding. I go to the grocery store and I see how people are struggling. I have constituents consistently reaching out and talking to me about impossible decisions that they have to make between eating and heating their homes, and seniors who cannot afford their medication. In light of the fact that we hear, day in and day out, this constant “good news” and “great announcements”, at the end of the day, on the ground in the communities, people are struggling. This is what we are trying to address, as responsible members of Parliament, especially as it relates to rural and coastal communities across this country.

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