The Finance Department tabled a report, just before Christmas, that says, without major changes Canada may not balance its budget until 2050 or 2051!
But the Liberals won't let us study this report. Why the cover up? Trying to hide their reckless spending from Canadians?
0 Comments
Currently there is a motion before the Government, Motion 100, which asks the "Government of Canada to continue to recognise the important role that co-operatives play in the Canadian economy and to ensure that Canada’s co-operatives continue to thrive."
Here I spoke in the House of Commons on exactly why I think this is such an important motion. In particular, I focused on credit unions. As the Deputy Finance Critic, I have heard at length from credit unions on very serious struggles they are facing, all trying to keep up with Ottawa's imposed one-size-fits-all regulatory compliance-related red tape. If we are to support this motion, and I am hopeful that all parties and all members will support this motion, then by extension we must do more to recognize the value of co-operatives. The other day I spoke in the House of Commons on on why trade is important to our riding.
A while back I had a meeting with a group of local fruit growers. The growers came to my office not to request more government funding or support, but rather to share with me that new trade opportunities have helped their businesses grow - which helps the Canadian economy grow! The particular opportunity they brought up was a deal with China, signed by the previous Conservative Government, which resulted in an innovative new way to send BC cherries to China. I would like to commend the government for carrying on the good work of the former government to see that the CETA (Comprehensive Economic and Trade Agreement) deal moves forward. Yesterday I asked why the Liberals took away CMHC insurance when Canadian families refinance their mortgage. The "Talking Point" in response was about the mortgage stress-tests and long term affordability. It's alarming Liberals don't seem to know the difference between stress-test requirements and taking away CMHC insurance.
Will the Liberals reverse this punitive and damaging change? Today I asked the Liberals why they are taking away CMHC Insurance when Canadian families re-finance their mortgage.
At the Finance Committee we have heard people re-finance in order to invest is a small business; undertake home renovation projects, to get through an extended strike or lockout, unemployment - even matrimonial divorce These changes will result in Canadians paying higher interest rates when refinancing a mortgage - this in turn hurts middle class homeowners and also will adversely impact many real estate related industries. As I discovered today in question period the Government still refuses to tell Canadians why they are making these punitive changes. I will continue to press for an answer. The other day I was on CPAC talking about yet another broken Liberal promise. I think that regardless of your opinion on electoral reform, we can all agree that we've seen this before: Another day, another broken Liberal promise. First the size of the deficit, now electoral reform, what's next?
Why does the Liberal Government think middle-class Canadians should pay higher interest costs when they need to access their home equity?
If you are refinancing your home access your equity the cost of doing that are going to greatly increase as a result of much higher interest rates. Even the Liberals own witnesses at Finance Committee chastised this damaging new policy that will harm middle-class Canadians. |
Dan Albas is the proud Member of Parliament for
Central Okanagan – Similkameen – Nicola
Central Okanagan – Similkameen – Nicola