Finance committee  We are anticipating a nominal 5% rate of return and a 2% escalator.

Finance committee  Generally speaking, if an allowance seems to replace an income, it will be taxable. If it is related to a one-time event, such as disability-related compensation, it might not be taxable.

Finance committee  That figure reflects the new amount of the improved benefit for children under six years old.

Finance committee  The objective of the universal child care benefit was not to create day care places.

Finance committee  The Minister of Finance communicates with provincial representatives on an ongoing basis. We frequently meet with our provincial counterparts.

Finance committee  I can simply tell you that the statistics speak for themselves: 60% of people contribute the maximum amount. On page 234 of the budget, there are tables on the distribution of people according to age.

Finance committee  I can also tell you that almost 50% of the people who will benefit from the increase are estimated to have an income under $80,000 a year. That will be the case in 2019.

Finance committee  We have data on people who contribute the maximum amount. About 20% of people contribute the maximum amount to a TFSA. Of that number, which represents approximately 1.9 million people, we see that 60% have an income under $60,000 a year.

Finance committee  The money used for a TFSA can come from various sources of savings or from income earned during the year.

Finance committee  Let me give you a little background on that. In 2012, we changed the approach used by the government to designate foreign organizations as charitable organizations by adding some conditions. Yes, a state donation is needed. In addition, the charitable organization must carry out certain activities.

Finance committee  As I said, our assessment is that by 2035 the cost would be 0.3% of tax revenues, about $650 million in current year dollars.

Finance committee  They don't necessarily use quintiles. For instance, we can look at tax brackets, which are not necessarily tied to quintiles. As you know, 1% of Canadians, the wealthiest, earn above $200,000.

Finance committee  I'm sorry. I haven't done that analysis. I don't have the answer.

Finance committee  Sorry, I mean the department hasn't done that analysis.

Finance committee  What I can tell you is that the individuals taxed in the third and fourth brackets in our tax system represent about 9% of the population, which is basically half of the top quintile. If you use the top quintile as a point of reference, you'd have many people, actually, taxed in the second bracket.