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Finance committee I'm sorry. Did you ask if tax fairness for amateur athletes is something I'm supporting? I'm supporting the recognition of earned income as earned income. That's what I'm supporting.
November 17th, 2014Committee meeting
Dr. Lindsay Tedds
Finance committee We've introduced a number of different issues, but here I'm talking specifically about recognition of earned income as earned income.
November 17th, 2014Committee meeting
Dr. Lindsay Tedds
Finance committee Certainly the $115 million could be spent more progressively than on a fitness tax credit.
November 17th, 2014Committee meeting
Dr. Lindsay Tedds
Finance committee As far as I know, there has not been a specific magnitude developed, but what we do know, for example, with the children's fitness tax credit, is that most of the low and middle-income households don't even know that the credit exists, and where it is known that it does exist, a lot of the costs are actually falling onto the programs that administer sport for children, which are having to provide information and determine whether or not their program in fact complies with the tax credit so that they can administer receipts to families.
November 17th, 2014Committee meeting
Dr. Lindsay Tedds
Finance committee In terms of being informed, what we have seen through the various surveys that have been administered to families about the fitness tax credit is that low-income families, single-parent families, and families at risk are not aware of the tax credit. A lot of this has to do with the fact that the ability to tax plan is not first and foremost on their minds, so not even being aware of the tax credit causes problems with the efficiency and equity of this credit.
November 17th, 2014Committee meeting
Dr. Lindsay Tedds
Finance committee Of the families that claim the tax credit, only 15% of those families say that it actually changed their decision to enrol their child in sport participation. Therefore, 85% of the families participating and receiving that money would have enrolled their child in the sport program anyway, with or without the tax credit.
November 17th, 2014Committee meeting
Dr. Lindsay Tedds
Finance committee It's poorly targeted. If we're trying to encourage more families to enrol their children in sport, the child fitness tax credit does not do that predominantly because for a lot of low-income families waiting 15 months to get up to $75 back off a $500 expenditure is challenging for them to do.
November 17th, 2014Committee meeting
Dr. Lindsay Tedds
Finance committee Good afternoon. I am Dr. Lindsay Tedds. I'm an associate professor here in the School of Public Administration at the University of Victoria. My primary area of expertise is in Canadian tax policy, particularly with respect to design and implementation. I've written a number of peer-reviewed journal articles in this area, along with book chapters, technical reports, and two books.
November 17th, 2014Committee meeting
Dr. Lindsay Tedds
Finance committee This is tricky, because it might get me into a little bit of hot water. No, I don't have a lot of favourable things to say about the flow-through share system. I'm not saying that the mining and exploration industry doesn't need some vehicle in which to help encourage people to invest in them, given the nature of the problem.
May 8th, 2014Committee meeting
Prof. Lindsay Tedds
Finance committee I think it's important to separate out the basic flow-through share system versus the additional METC, which is what we call the super flow-through share system. The federal government studies that have been done—and there have now been two—as well as three academic studies, have all focused on the flow-through share regime.
May 8th, 2014Committee meeting
Prof. Lindsay Tedds
Finance committee When you look at the data at hand, there was absolutely no decrease. In fact, there were increases over those years the METC was not in play. That's because mining prices were increasing predominantly. That's what drives investing behaviour—the prices.
May 8th, 2014Committee meeting
Prof. Lindsay Tedds
Finance committee Yes.
May 8th, 2014Committee meeting
Prof. Lindsay Tedds
Finance committee When it comes to tax planning purposes, we know there is a tax planning element. In face, 90% of the investments happened at year end, which is an indication it was being done for tax planning purposes. This isn't something that people do over the year.
May 8th, 2014Committee meeting
Prof. Lindsay Tedds
Finance committee The GST/HST tax credit was an oddity in the way that people qualified for the tax credit. There is no other tax credit out there that required people to say, yes, assess me. Everything else is based off of information that CRA has.
May 8th, 2014Committee meeting
Prof. Lindsay Tedds
Finance committee Income splitting predominantly benefits high-income households. Very few benefits accrue to low- and middle-income households. So it depends on what you're trying to achieve with the policy, but the academic research on income splitting has been clear that there are better ways of addressing the inequities in the tax system, which that proposal is trying to address.
May 8th, 2014Committee meeting
Prof. Lindsay Tedds