Does the Minister support a wealth tax?

Elizabeth May (Saanich—Gulf Islands)
2020-09-29 23:52 [p.313]

Madam Speaker, there is an issue clearly looming as we look at where we are in terms of the deficit and our debt. I was recently looking at an article by our former parliamentary budget officer, Kevin Page, pointing out that we really cannot continue spending without looking at the revenue side of the ledger.

As the minister looking at middle-class prosperity, when will we look at a wealth tax? We need to find new sources of revenue. The Green Party has been advocating for a wealth tax. I wonder if she has had a look at it. The PBO has costed it and it is viable.

Hon. Mona Fortier (Ottawa—Vanier)
2020-09-29 23:53 [p.313]

Madam Speaker, I want to thank my colleague for her leadership on many files. By working all together, we will find ways to make sure we get through this pandemic. She has encouraged us to all work together, and it is important to do that.
I want to recognize that the PBO has done important work on behalf of Parliamentarians and all Canadians. As we entered as a country into this crisis, we had a strong fiscal position relative to our G7 peers.

By using this fiscal firepower, we will continue to ensure Canadians, workers and businesses get the support they need. We have a well-deserved international reputation for small and prudent fiscal management. Our plan continues to be fiscally sustainable, and we will continue to be responsible.

Canadians are counting on our government to be there for them. We have done, and will continue to do, exactly that.