Latest News & Updates

IN THE NEWS - PBO: 15% pandemic profiteering tax would net $8B

 by: Christopher Nardi

A new 15 per cent tax on companies that made "excess profits" during the COVID-19 pandemic would net nearly $8 billion to the government's coffers, according to the Parliamentary Budget Officer.

"With a pandemic profiteering tax, the PBO has (concluded) that it could raise in one year alone $8 billion of new revenue that we can invest back into small businesses, we can invest back into people," NDP Leader Jagmeet Singh said Tuesday.

The PBO's new report was done at the request of NDP MP Peter Julian, whose party has been advocating for an excess profits tax in addition to a series of new taxes on wealthy individuals and corporations since the early months of the pandemic.

FOR IMMEDIATE RELEASE - Liberals give large corporations a free ride instead of helping Canadians: NDP

OTTAWA – New Democrats have repeatedly called on the Trudeau government to tax the large corporations and ultra-wealthy who made record profits during the pandemic. A report released today confirms this tax would generate billions of dollars so Canadian families aren’t forced to cover the cost of the pandemic recovery.

IN THE NEWS - Excess profits tax would reap $8 billion for government, budget watchdog says

 Belleville Intelligencer  

OTTAWA _ The parliamentary budget officer says a hypothetical tax on big corporations' excess profits would generate $7.9 billion for the federal government.

The estimate Tuesday by budget officer Yves Giroux, in response to a request from the NDP, was calculated by looking at companies whose profits exceeded their 2020 expectations.

The would-be tax rate on those extra earnings _ determined based on the firms' average five-year profit margin _ would be 15 per cent, on top of the current 15-per-cent corporate tax on all profits.

IN THE HOUSE - Speech on Budget 2021

"The question around the budget really is what does the budget do to match the size and scope of the pandemic, a crisis that we have not seen in scale, size and scope since the Second World War? How does the budget put in place the important provisions for building as Canadians, hopefully in the coming months and years, will come out of this pandemic?"

 

FOR IMMEDIATE RELEASE - Liberals help the ultra-rich get richer in budget 2021

In a recent Abacus poll, 80 per cent of Canadians agree with a wealth tax but, so far, the Liberals have failed to act

IN THE NEWS - Ottawa considers taking action against 'predatory lenders'

by: Jolson Lim

Ottawa will consider lowering the maximum interest rate to stop the "predatory lending" of outfits that make high-interest loans, which anti-poverty advocates say have exploited Canadians during the pandemic.

In Monday's budget, the federal government announced plans to launch consultations on lowering the "criminal rate of interest," the maximum annualized interest rate for credit allowed under the federal Criminal Code.

IN THE HOUSE - Letter to Minister of Finance regarding the tourism and live music industries

IN THE HOUSE - Letter on the Consultation on Climate Change Risk to the Financial Sector

Here is a letter from Mr. Peter Julian, Member of Parliament for New Westminster - Burnaby, regarding the Office of the Superintendent of Financial Institutions (OSFI)'s consultation on climate-related risks to the financial sector.

FOR IMMEDIATE RELEASE NDP calls on government to end predatory lending

OTTAWA — Today, NDP MP Peter Julian (New Westminster-Burnaby) tabled Private Member’s Bill C-274, which would limit the interest rates private companies can charge on loans to vulnerable Canadians.

“People are using high-interest loans to buy food, pay rent, or meet their basic needs. But these loans are not well regulated by the government and instead of helping people the loans often catch Canadians in a vicious debt spiral with skyrocketing interest rates of up to 500 per cent (plus hidden fees) which only profit the lenders,” said Julian. “We are a year into the pandemic, people are struggling financially and it’s clear that the federal government and the banking sector have failed low and moderate-income people. They’re standing by while the poorest and most vulnerable struggle to get through the pandemic while the rich are getting richer.”

FOR IMMEDIATE RELEASE NDP MPs Jagmeet Singh & Peter Julian deliver 165 bags of mandarin oranges to frontline workers at Burnaby hospital

BURNABY — All health-care workers and their families, make tremendous sacrifices to keep the health care system operational throughout the COVID-19 pandemic. Today, NDP MPs Jagmeet Singh (Burnaby South) and Peter Julian (New Westminster - Burnaby) delivered 165 bags of mandarin oranges to frontline workers at the Burnaby General Hospital. 

 

FOR IMMEDIATE RELEASE The federal government to pay for the safety measures required to keep Burnaby residents safe

Burnaby, B.C. Today, MP Peter Julian (New Westminster- Burnaby) joined by Burnaby City Councillor, Sav Dhaliwal, and Burnaby Fire Chief, Chris Bowcock, is calling for the federal government to pay for the safety measures required to keep Burnaby residents safe.

IN THE NEWS Ottawa urged to fund Burnaby fire department expansion amid Trans Mountain safety concerns

By Jon Azpiri & Jennifer Palma  Global News

Officials are calling on Ottawa to pay for the expansion of the Burnaby fire department to ensure the safety of communities near the Trans Mountain terminal.

Peter Julian, NDP MP for New Westminster-Burnaby, said at a press conference Thursday that his party has written to Prime Minister Justin Trudeau asking for financial support to build a fire hall near the tank farm.

Watch here.