Finance

During statements on finance, Liberal MP Ryan Turnbull spoke in support of the government’s spring economic update, saying it would help families in his riding of Whitby with the rising cost of living. He said it includes a benefit of almost $1,900 for the average family for groceries, a 10-cent-per-litre reduction at the gas pump, lower bank fees, reduced pension taxes on paycheques, and over $7 billion to build homes faster.Written by AI from the debate. Updated .

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1 statement

Ryan Turnbull, Whitby

Liberal

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“Our spring budget plan helps families dealing with high costs. It gives the average family almost $1,900 for groceries and saves drivers 10 cents a litre on gas. It also cuts some bank fees, lowers pension taxes on paycheques, and spends over $7 billion to build more homes faster.”
Official Hansard

Mr. Speaker, families in my riding of Whitby are working hard, but rising costs are certainly stretching their budgets. This spring’s economic update responds to that reality with action and tangible help that people can count on. It would deliver a new federal benefit this year for almost $1,900 for the average family to help them with the cost of groceries, along with real relief at the pumps, saving 10¢ a litre for daily commuters. It would also protect families from unfair banking fees and help workers keep more of their hard-earned paycheques through lower Canada pension plan contributions, while offering higher tax deductions for tradespeople who must relocate for work. It would also accelerate over $7 billion in financing to build more homes faster and offer support to recruit, train and hire up to 1,000 new skilled trades workers. For families and workers in my riding, it means a boost today and a bridge to a better tomorrow.

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