Northern Manitoba MP and NDP National Revenue Critic Niki Ashton called out the Liberal government this week for letting banks making record profits off the hook while Canadians struggle with the rising cost of living.  She noted while Canadians are struggling to keep up with the rising costs of groceries and housing the six largest Canadian banks recorded a profit of over five billion dollars in the last quarter yet the Liberals are doing nothing to force these corporations to pay their fair share adding CEOs are lining their pockets while people are struggling to pay rent.  Ashton said the Liberals must make a choice to stand with the majority of Canadians or their billionaire pals asking when will the Liberals make billionaires pay by implementing a three percent surtax on their excess profits.

Associate Minister of Finance Randy Boissonault noted the government is committed to asking those who prospered during the pandemic to help a little bit more for those who did not and their platform committed to increase taxes on the largest most profitable banks and insurance companies and introduce a temporary Canada Recovery Dividend because they recovered faster.