February 11, 1975

LIB

John Napier Turner (Minister of Finance)

Liberal

Hon. John N. Turner (Minister of Finance):

The question has nothing to do with the preamble. The appointment of the next deputy minister of finance lies within the prerogative of the Prime Minister of Canada.

Topic:   ORAL QUESTION PERIOD
Subtopic:   FINANCE
Sub-subtopic:   APPOINTMENT OF DEPUTY MINISTER
Permalink
?

Some hon. Members:

Oh, oh!

Topic:   ORAL QUESTION PERIOD
Subtopic:   FINANCE
Sub-subtopic:   APPOINTMENT OF DEPUTY MINISTER
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AMOUNT OF TAX LIABILITY REDUCTION IN 1975 DUE TO INDEXING

PC

Sinclair McKnight Stevens

Progressive Conservative

Mr. Sinclair Stevens (York-Simcoe):

My final supplementary is also directed to the Minister of Finance who in his November 18 budget speech stated that the tax liability reduction due to indexing would be $950 million in 1975, whereas yesterday he told the House that such a tax indexing reduction would be $750 million this year. Would the minister indicate which figure is correct, the one he gave us yesterday or the one he gave us on November 18?

February 11, 1975

Oral Questions

Topic:   ORAL QUESTION PERIOD
Subtopic:   AMOUNT OF TAX LIABILITY REDUCTION IN 1975 DUE TO INDEXING
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LIB

John Napier Turner (Minister of Finance)

Liberal

Hon. John N. Turner (Minister of Finance):

This is a great game of selective statistics again advanced by my hon. friend.

Topic:   ORAL QUESTION PERIOD
Subtopic:   AMOUNT OF TAX LIABILITY REDUCTION IN 1975 DUE TO INDEXING
Permalink
?

Some hon. Members:

Oh, oh!

Topic:   ORAL QUESTION PERIOD
Subtopic:   AMOUNT OF TAX LIABILITY REDUCTION IN 1975 DUE TO INDEXING
Permalink
?

An hon. Member:

Answer.

Topic:   ORAL QUESTION PERIOD
Subtopic:   AMOUNT OF TAX LIABILITY REDUCTION IN 1975 DUE TO INDEXING
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LIB

John Napier Turner (Minister of Finance)

Liberal

Mr. Turner (Ottawa-Carleton):

One figure applies to the calendar year, and the other applies to the fiscal year.

Topic:   ORAL QUESTION PERIOD
Subtopic:   AMOUNT OF TAX LIABILITY REDUCTION IN 1975 DUE TO INDEXING
Permalink
?

Some hon. Members:

Hear, hear!

Topic:   ORAL QUESTION PERIOD
Subtopic:   AMOUNT OF TAX LIABILITY REDUCTION IN 1975 DUE TO INDEXING
Permalink
PC

George Harris Hees

Progressive Conservative

Mr. Hees:

You have your skates on today, John.

Topic:   ORAL QUESTION PERIOD
Subtopic:   AMOUNT OF TAX LIABILITY REDUCTION IN 1975 DUE TO INDEXING
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REQUEST FOR INTRODUCTION OF EXPANSIONARY BUDGET

NDP

John Edward Broadbent

New Democratic Party

Mr. Edward Broadbent (Oshawa-Whitby):

My question is directed to the Minister of Finance. Since the budget which he introduced last fall has already bitten into the lives of the 817,000 Canadians who are unemployed now, I wonder if the minister would seriously consider introducing a new budget in this House within a couple of weeks which would take into account the fact that we are involved in the most serious recession in the Canadian economy since the 1930s. Also, would he include in that budget such measures as a $400 tax credit for all taxpayers, and for those who do not pay taxes in Canada, programs including massive expenditures for housing and massive public works projects so that in effect it would be an expansionary budget? Would he consider doing that soon?

Topic:   ORAL QUESTION PERIOD
Subtopic:   REQUEST FOR INTRODUCTION OF EXPANSIONARY BUDGET
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LIB

John Napier Turner (Minister of Finance)

Liberal

Hon. John N. Turner (Minister of Finance):

The description in the preamble advanced by the hon. member may describe the United States economy but it does not describe the Canadian economy.

Topic:   ORAL QUESTION PERIOD
Subtopic:   REQUEST FOR INTRODUCTION OF EXPANSIONARY BUDGET
Permalink
?

Some hon. Members:

Hear, hear!

Topic:   ORAL QUESTION PERIOD
Subtopic:   REQUEST FOR INTRODUCTION OF EXPANSIONARY BUDGET
Permalink
LIB

John Napier Turner (Minister of Finance)

Liberal

Mr. Turner (Ottawa-Carleton):

The stimulus injected by the November budget took effect as of January 1 in the reductions affecting the 1974 and 1975 tax rates. If the House would see fit to pass the budget bill now before it-

Topic:   ORAL QUESTION PERIOD
Subtopic:   REQUEST FOR INTRODUCTION OF EXPANSIONARY BUDGET
Permalink
?

Some hon. Members:

Hear, hear!

Topic:   ORAL QUESTION PERIOD
Subtopic:   REQUEST FOR INTRODUCTION OF EXPANSIONARY BUDGET
Permalink
LIB

John Napier Turner (Minister of Finance)

Liberal

Mr. Turner (Ottawa-Carleton):

-we could reinject into the economy the refunds for which Canadian taxpayers are waiting.

Topic:   ORAL QUESTION PERIOD
Subtopic:   REQUEST FOR INTRODUCTION OF EXPANSIONARY BUDGET
Permalink
?

Some hon. Members:

Hear, hear!

Topic:   ORAL QUESTION PERIOD
Subtopic:   REQUEST FOR INTRODUCTION OF EXPANSIONARY BUDGET
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INDUSTRY

NDP

John Edward Broadbent

New Democratic Party

Mr. Edward Broadbent (Oshawa-Whitby):

Mr. Speaker, my supplementary question is for the Minister of Industry, Trade and Commerce. Since the increase in unemployment in the province of Ontario between December, 1974, and January, 1975, was a full 100,000-probably the largest increase, on a monthly basis, for any province

in the history of this country-much of it due to the recession in the automotive industry, could the minister inform the House what specifically the government plans to do to deal with the recession in that industry, apart from waiting to see what happens in the United States?

Topic:   ORAL QUESTION PERIOD
Subtopic:   INDUSTRY
Sub-subtopic:   AUTOMOBILES-GOVERNMENT ACTION TO DEAL WITH RECESSION CAUSED BY LAY-OFFS
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February 11, 1975