Today, the Minister of Finance, Bill Morneau provided Parliament with an economic update, which has only highlighted the Liberals’ failure to provide any real plans for Canadians to deal with precarious work, to get seniors out of poverty, to implement a national Pharmacare program, create affordable child care spaces or to expand access to employment insurance.

“It is disappointing that the government has fast-tracked this economic update to distract from the Finance Minister’s ethical scandals,” said MP Ramsey. “The Liberal party has missed yet another opportunity to help Canadians by making sure large corporations and the wealthiest among us pay their fair share”.

After backtracking on their botched tax change proposals that would hurt small business owners and farming families, the government is still refusing to close major loopholes in our tax system, like the CEO stock options loophole, and the use of tax havens.

“The Minister of Finance could make millions in profits resulting from Bill C-27, which would increase the use of targeted pension plans, which the Minister’s former company actively promotes and manages.  Morneau has been getting $65,000 per month in dividend cheques from Morneau Shepell,” stated Ramsey. “The Finance Minister has a responsibility to protect workers, and to improve the lives of all Canadians, but instead he is drafting legislation that only benefits him and his wealthy and well-connected friends.”

It is disappointing that while hardworking Canadians contribute their fair share to our social programs and systems, millionaires like Justin Trudeau and Bill Morneau change the tax laws to ensure they benefit even more.