Canada Business Corporations Act  Madam Speaker, I have a simple answer: Yes, but all that is not enough. I want to talk about the example I gave at the end of my speech. In committee we looked at the issue of who really profited from the Isle of Man trusts created by KPMG for Canadian tax cheats. We worked

Information & Ethics committee   can't remember exactly what it is. Part of the reason why there is public disclosure in the United States is that the IRS gets their tax returns and they can tell what they're spending money on. Through the legislation, they have made the decision that Americans have the right

Finance committee   wrap up, though, I would like to point something out to the members of the committee. The Canadian Bar Association sent a letter to the chair to express its concern that some of the proposed amendments would undermine solicitor-client privilege. I know that the government is very

Finance committee  , or $34 million more than was provided in budget 2021. Excise duty on Canadian wine is not a consumer tax but a production tax, because we cannot pass it on to the consumers. This is because imported wines represent over 70% of Canada's domestic wine sales market, forcing Canadian

Canada Infrastructure Bank Act   that. It would prioritize the infrastructure needs of the communities the bank claims to be working for. The bank's privatization agenda has been a key part of the problem. There was a consistent feature of testimony at committee from witnesses, including Canadians for Tax Fairness

Information & Ethics committee   to appear and the threat to defy a summons. Today should have been the last day of witness testimony of our study into the $912 million in taxpayer money that would have been given to the Kielburger group. This study began eight months ago. It has been subject to an unprecedented level

Questions on the Order Paper   the transmission of financial account information of “U.S. persons” from Canadian financial institutions, FIs, to the U.S. Internal Revenue Service, IRS. Information regarding “U.S. persons” can be found under article 1(ee) of the IGA: https://www.fin.gc.ca/treaties-conventions/pdf/FATCA

Foreign Lobbyist Transparency Act   members, including Liberal and NDP members, to watch Wendy Mesley's interview with Vivian Krause. Because in the U.S. there is disclosure of tax records, of foundation reports to the IRS, of unions' disclosures of money spent on the legislative process, she is able to analyze U.S

Finance committee   interest with respect to Bill C-97 is tax—specifically the taxation of private companies and small businesses and their owners. I'm primarily interested in what's missing from Bill C-97. My firm's day-to-day work as a chartered professional accounting firm is to work directly

Federal Sustainable Development Act   able to afford the things we paid for. There was nothing about reducing the tax burden on Canadians. Therefore, it is a real pleasure to talk about the Federal Sustainable Development Act and the amendments that have been proposed. When we actually compare the provisions

Finance committee   their accounts to the IRS, they face U.S. penalties of up to $100,000, or 50% of the balance of the account, whichever is greater, per violation. Under this deal, Mr. Chair, the CRA will share personal tax information on Canadians with the IRS, but our officials, our government, have been

Information & Ethics committee   to the OPC, none of their recommendations suggested that we were not to share this information last September. The next annual transfer of records with the IRS is scheduled for September 30, 2016. I want to reassure Canadians that all tax treaties and exchanges of information are subject

Bill C-31 An Act to implement certain provisions of the budget tabled in Parliament on February 11, 2014 and other measures

impairment, an amount would be, if this Act were read without reference to paragraph 118.3(1)(c), deductible under section 118.3 in computing a taxpayer’s tax payable under this Part for the taxation year in which the remuneration is paid, (ii) the plan is required to access public

Information & Ethics committee  Merci, monsieur le président. Ladies and gentlemen of the committee, thank you for inviting me to provide my views on certain aspects of the tax information exchange agreement between the Canada Revenue Agency and the IRS in the United States. The minister explained a little

Economic Action Plan 2014 Act, No. 1   unreasonable and harmful and regressive measures that we cannot support. The bill also includes new rules around FATCA, the U.S. Foreign Account Tax Compliance Act. Under the bill, Canadians effectively are going to be doing the dirty work and becoming tax collectors for the IRS. Canada