Vote No. 39

That, given that,

(i) as the cost of gas, groceries and housing continues to rise, most Canadians are struggling to make ends meet,

(ii) at the same time, wealth inequality is reaching a level not seen in generations as the super-rich continue to protect their wealth through a financial system with very little transparency,

(iii) over the course of the pandemic, large corporations in certain industries have made record profits, including big banks, oil companies and big-box stores,

(iv) the 2021 Liberal platform included a commitment to implement a 3% surtax on banks and insurers, as well as a publicly accessible beneficial ownership registry,

the House call upon the government to include in its next budget:

(a) its proposed 3% surtax on banks and insurance companies on profit over $1 billion, which should be expanded to profitable big oil companies and big-box stores;

(b) a plan to re-invest the billions of dollars recouped from these measures to help Canadians with the cost-of-living crisis; and

(c) a publicly accessible beneficial ownership registry.