With the parliamentary clock ticking down and the government yet to pass their 'affordable housing and groceries' bill—the first piece of federal legislation tabled in the fall sitting—the NDP have agreed to help the Liberals advance Bill C-56 in exchange for a series of amendments inspired by a similar bill from Leader Jagmeet Singh, CTV News has learned.
With the parliamentary clock ticking down and the government yet to pass their ‘affordable housing and groceries’ bill—the first piece of federal legislation tabled in the fall sitting—the NDP have agreed to help the Liberals advance Bill C-56 in exchange for a series of amendments inspired by a similar bill from Leader Jagmeet Singh, CTV News has learned.
Specifically, the changes that will be permitted to Bill C-56 are:
Increasing the maximum penalty for bad corporate behaviours, such as price fixing and overcharging, to $25 million for the first infraction and $35 million each infraction thereafter;
Allowing the Competition Bureau to conduct market study inquiries if directed by the minister responsible or recommended by the Commissioner of Competition, and require consultation between the two officials prior to the study; and
Enabling the Competition Bureau to go after big corporate players who abuse their dominance to engage in anti-competitive acts, such as squeezing out smaller players, by revising the legal threshold to lessen competition in the market.
All good stuff including coop housing eligibility for the GST rebate
Those infraction charges should be based on the profits made by the company doing the price fixing or overcharging. The charges have to be significantly higher than their profits otherwise it just becomes a fee to do business.
Blaikie also told CTV News that the NDP have received assurances that these changes, as well as one tweak to allow co-operative housing to be eligible under the GST housing rebate, will be backed by Liberal MPs on the finance committee when they come to a vote.
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All good stuff including coop housing eligibility for the GST rebate
Those infraction charges should be based on the profits made by the company doing the price fixing or overcharging. The charges have to be significantly higher than their profits otherwise it just becomes a fee to do business.
The fees should be all profits made from the activity plus those fees
Can you include a link for gst rebate for coops? Would like to read it.
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