Finance

In question period on finance, the Conservatives raised an Auditor General report saying FINTRAC has not effectively overseen compliance with Canada’s anti-money-laundering rules, and argued the government missed its 2021 promise to create a financial crimes agency and delayed sharing financial information with police. The Liberals pointed to work on a national anti-fraud strategy, added RCMP resources, and the proposed Financial Crimes Agency, asking the Conservatives to support the bill. Most of the remaining exchanges were about the economy: Conservatives cited rising inflation, interest rates, unemployment, and deficit spending, asking when the government would stop running deficits and for the data behind claims about the school food program. Liberals pointed to tax cuts, affordability benefits, federal investments including in Saskatchewan, Canada’s AAA credit rating, and said inflation is driven by the war in the Middle East.Written by AI from the debate. Updated .

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7 statements

Ryan Turnbull, Parliamentary Secretary to the Minister of Finance and National Revenue and to the Secretary of State (Canada Revenue Agency and Financial Institutions)

Liberal
“We are working on a national plan to stop fraud and setting up a new agency to fight money crimes. I want the Conservatives to vote for this bill to help stop money laundering.”
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Official Hansard

Mr. Speaker, our government is committed to protecting the integrity of Canada’s financial system and supporting the institutions that safeguard it. We are taking concrete steps to develop a national anti-fraud strategy in collaboration with industry partners and agencies. We are also creating the financial crimes agency, which will lead the fight against sophisticated financial crimes with increased RCMP resources. If the Conservatives are concerned about combatting money laundering, we encourage them to support Bill C-29.

Ryan Turnbull, Parliamentary Secretary to the Minister of Finance and National Revenue and to the Secretary of State (Canada Revenue Agency and Financial Institutions)

Liberal
“We are working to protect Canada's financial system from fraud. We gave the RCMP more resources, and we are creating a new agency to fight financial crime. The Conservatives should support this bill.”
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Official Hansard

Mr. Speaker, again, our government is committed to protecting and safeguarding the integrity of Canada’s financial system. We have taken concrete steps to develop an anti-fraud strategy in collaboration with many partners. We are in the process of creating the financial crimes agency that will lead the fight against ever more sophisticated financial crimes. We have given the RCMP additional resources to help coordinate these efforts. If the Conservatives are concerned about this issue, they should support our bill, Bill C-29.

Ryan Turnbull, Parliamentary Secretary to the Minister of Finance and National Revenue and to the Secretary of State (Canada Revenue Agency and Financial Institutions)

Liberal
“Our spending is not causing inflation. The war in the Middle East is driving inflation. We have cut taxes on income, housing, fuel, and business investments. We have also increased benefits and are creating jobs to help Canadians with the cost of living.”
  • Government answer in Question Period

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  • A repeated line

    “That is how we build Canada strong.”

    Said 20 times by 14 members since April 23.

    Every time it was said
Official Hansard

Mr. Speaker, unlike the Conservatives, we believe in the independence of monetary policy in our central bank, and we know that inflation is being driven by the war in the Middle East. Unlike the Conservatives, we are stepping up every single day in this House to offer more affordability supports for Canadians when they need it most. We have cut taxes on income, housing, fuel and new business investment. We have enhanced and increased access to federal benefits, like the groceries and essentials benefit, and we are investing to create tens of thousands of new jobs all across Canada. That is how we build Canada strong. That is how we support Canadians.

Buckley Belanger, Secretary of State (Rural Development)

Liberal
“Since June, the federal government has put more than $467 million into Saskatchewan. We invested in child care, local infrastructure, and Indigenous communities, and the province's canola sales are going up.”
  • Government answer in Question Period

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Official Hansard

Mr. Speaker, as the Conservative caucus members from Saskatchewan awaken from their slumber, this is what has been happening in Saskatchewan. Since June alone, I have been part of federal announcements representing a more than $467-million investment in Saskatchewan, and canola sales are increasing. We have spent money in support of child care, and canola sales are improving. We have spent money in community infrastructure, and canola sales are improving. We have spent money in indigenous communities, and canola sales are improving. I think maybe the member and the entire Saskatchewan—

Joël Lightbound, Minister of Government Transformation, Public Works and Procurement and Quebec Lieutenant

Liberal
“Our government has focused on lowering costs by cutting taxes and helping with grocery bills. I want the member to explain why he voted against child benefit payments that give 22,000 children in his riding about $3,500 each.”
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  • A repeated line

    “We introduced the Canada groceries and essentials benefit.”

    Said 29 times by 19 members since April 23.

    Every time it was said
Official Hansard

Mr. Speaker, if the member opposite had been paying attention to what the government has been doing for almost a year and a half now, he would see that we have been focusing on affordability. We lowered taxes for 22 million Canadians. We introduced the Canada groceries and essentials benefit. However, there is something that I still do not understand and that is why I am asking him this question: Given the cost of living, why did he vote against the Canada child benefit, which provides $79 million for 22,845 children in his riding of Louis-Saint-Laurent—Akiawenhrahk? That is approximately $3,500 per child in his riding, and his riding is home to nearly 23,000 children. Why did he vote against that?

Joël Lightbound, Minister of Government Transformation, Public Works and Procurement and Quebec Lieutenant

Liberal
“Canada has one of the best credit ratings and lowest debts among our peer countries. The member should vote for our programs, like dental care and help with groceries, which support thousands of families in his own riding.”
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Official Hansard

Mr. Speaker, let us be clear about Canada’s fiscal position. Canada is one of only two G7 countries with a AAA rating. We have a better debt-to-GDP ratio and deficit-to-GDP ratio than our G7 peers. However, what I still do not understand is why the member insists on systematically voting against measures that have a very direct impact, whether it is a tax cut, the groceries and essentials benefit or the Canadian dental care plan. Those programs affect 23,614 residents in his riding, not to mention the 23,000 children who are benefiting from the Canada child benefit. If he wants to talk about helping families, he should put his vote where his mouth is.

Leslie Church, Parliamentary Secretary to the Secretaries of State for Labour, for Seniors, and for Children and Youth, and to the Minister of Jobs and Families (Persons with Disabilities)

Liberal
“I reject the Conservatives' criticism of our school food program. Groups that feed kids and students themselves say this program helps them every single day. The member should listen to them.”
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Mr. Speaker, we absolutely take no lessons from the other side of the House when it comes to the national school food program. I was at that committee meeting, and I heard from the Coalition for Healthy School Food, from the Breakfast Club of Canada and from students who have written to our Prime Minister about how the national school food program is helping them every single day in their schools. The member should listen up.

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