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FINA Committee Report

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Excess Profit Tax on Large Grocery Companies


Given that the Canadian grocery sector made more than $6 billion in profit in 2023 and that millions of Canadians have reported food insecurity in the last year, the Standing Committee on Finance call on the government to immediately take action by implementing an excess profit tax on large grocery companies that would put money back in the people's pocket with a GST rebate and establish a National School Food Program, and that this motion be reported to the House.

A copy of the relevant Minutes of Proceedings (Meeting No. 133) is tabled.