Finance Minister Invoice Morneau says his authorities is just not presently eager about elevating the GST or every other taxes however that Canada should face robust questions on methods to pay for the COVID-19 pandemic response that’s costing billions.
“We’re not eager about elevating taxes,” Morneau instructed CBC’s Rosemary Barton throughout a city corridor particular Wednesday night. “What we’re eager about is preserving our financial system for the longer term, ensuring that we are able to get again to a vibrant place.”
Morneau stated he is targeted on guaranteeing the Canadian financial system is robust sufficient to develop as soon as the pandemic ends in order that Canadians who’ve misplaced their jobs in a single sector could possibly decide up a job in a special one.
Requested if his authorities will both minimize providers or increase taxes to extend authorities revenues in an effort to repay the pandemic debt, Morneau stated that was an issue Canadians must face as soon as they’re again on their ft.
“We all know that we’re going to must withstand these challenges. We additionally acknowledge that elevating taxes is just not what Canadians need us to do,” he stated. “
Watch: Morneau ‘not eager about’ elevating GST regardless of COVID-19 aid spending: