Joël LIGHTBOUND

LIGHTBOUND, Joël

Parliamentary Career

October 19, 2015 -
LIB
  Louis-Hébert (Quebec)

Most Recent Speeches (Page 1 of 145)


June 17, 2019

Mr. Joël Lightbound (Parliamentary Secretary to the Minister of Finance, Lib.)

Mr. Speaker, in response to part (a), the Department of Finance has been informed that one Canadian firm, Hatch, is providing consulting services on an AIIB-financed project. In addition, the Department of Finance understands that Canadian firms and consultants are engaged with core functions of the bank. For example, TD Securities helped manage AIIB’s first bond issuance in May 2019, among other financial services firms.

The AIIB publishes details of investors who invest alongside the AIIB in a project. This information can be found on the AIIB website in project documents of both proposed and approved projects, at the following links: https://www.aiib.org/en/projects/approved/index.html and https://www.aiib.org/en/projects/proposed/index.html.

In response to part (b), Canada purchased a 0.995% shareholding in the Asian Infrastructure Investment Bank at a cost of $199 million U.S. This amount, which is payable over a five-year period in equal proportions, starting in 2017-18, is pooled with that of other member countries and used to finance AIIB projects over multiple years.

In response to part (c), businesses win procurement contracts independently and do not operate through the Government of Canada.

Topic:   Routine Proceedings
Subtopic:   Questions on the Order Paper
Full View Permalink

June 14, 2019

Mr. Joël Lightbound (Parliamentary Secretary to the Minister of Finance, Lib.)

Mr. Speaker, the Government of Canada has a plan that protects the environment while growing the economy. On October 23, 2018, the Government of Canada announced that there would be a price on carbon pollution across Canada in 2019. On the same day, the Department of Finance published a document named “Backgrounder: Ensuring Transparency”, which outlines amounts of projected fuel charge proceeds and climate action incentive payments, from 2019-20 to 2023-24. The document can be found on the Department of Finance website: https://www.fin.gc.ca/n18/data/18-097_2-eng.asp.

Topic:   Routine Proceedings
Subtopic:   Questions on the Order Paper
Full View Permalink

June 11, 2019

Mr. Joël Lightbound (Parliamentary Secretary to the Minister of Finance, Lib.)

Mr. Speaker, I want to start by reminding my colleague that 72% of Canada's debt was incurred by Conservative governments, including $150 billion under Stephen Harper's government.

Before the Conservatives lecture us on fiscal restraint and balancing budgets, I think they have a lot to learn. What was their record? During their decade in power, Canada saw some of the weakest growth in its history. By contrast, in 2018, wages in Canada hit a 10-year high. Over the past three years, one million jobs have been created, and poverty has been reduced by 20%, something the Conservatives were never interested in doing for Canada.

Topic:   Oral Questions
Subtopic:   Finance
Full View Permalink

June 7, 2019

Mr. Joël Lightbound (Parliamentary Secretary to the Minister of Finance, Lib.)

Madam Speaker, we will always stand up for Canadian workers and Canadian interests. To support the steel and aluminum industries and workers, we have provided up to $1.7 billion through BDC and EDC to keep businesses operational; $250 million in new funding through the strategic innovation fund, the SIF, to bolster the competitiveness of Canadian manufacturers; and $100 million in support for SMEs through the regional development agencies.

As you know, Madam Speaker, we stood to defend the workers in the industry against the unacceptable tariffs imposed by the Americans.

Topic:   Oral Questions
Subtopic:   International Trade
Full View Permalink

June 7, 2019

Mr. Joël Lightbound (Parliamentary Secretary to the Minister of Finance, Lib.)

Madam Speaker, what is dishonest is quoting a study from the Fraser Institute that has been widely discredited for failing to consider the Canada child benefit. This benefit is making a huge difference in the lives of the families of the 23,500 children in his riding who receive it. It is insulting that the Canada child benefit was not taken into account.

He also mentioned the public transit tax credit, something the members across the way have been bringing up for months. What did the public transit tax credit offer? A maximum of 15%. A Quebec City resident who bought a pass for the Réseau de transport de la Capitale would get a total of $13 a month at the end of the year, when they filed their tax return. That is not in the same ballpark as the Canada child benefit.

Topic:   Oral Questions
Subtopic:   Finance
Full View Permalink