Finance committee  The amount of $2,000 is set for the 2012 taxation year, but the amounts that are actually in section 118 of the act--the $2,000 family caregiver credit that I believe you're referring to--will be indexed for inflation in future years.

Finance committee  You're referring to the measure on qualifying environmental trusts. The main thrust of that amendment is to allow qualifying environmental trusts to be established with respect to pipelines as well as the existing qualifying environmental trusts, which relate to quarries, mines,

Finance committee  With respect to RESPs, the measure you're referring to is the allocation of RESP assets from one RESP to another. This measure relates to RESPs that are set up not by the parents of the siblings but by someone like an aunt or uncle. When an aunt or an uncle sets up an RESP for an

Finance committee  You're most likely referring to two measures in the act. One is examination fees, which are distinct from a course of study but are necessary in order to carry on a trade or a profession in Canada. These will now be eligible for the tuition tax credit as long as the fees paid are

Finance committee  That's exactly right. That's the examination fee. It's broadly written, both professional fees...and the examination fee that's required in order to carry on a trade will also qualify.

Finance committee  Certainly. The specific amendment you're referring to has to do with energy conservation and clean energy generation equipment in the context of the use of waste heat energy. For example, you may have an industrial process or compressor plant that pushes oil through a pipeline, a

Finance committee  As outlined in the budget, the expectation is that the children's arts tax credit would cost approximately $100 million per year for the next three years. The volunteer firefighter tax credit would cost approximately $15 million per year for the next three years. The family careg

Finance committee  Sure. The adjusted stub period accrual relates to our corporate partnership deferral provision. It is an estimation of the income from a partnership earned in a corporation's taxation year that, without this provision, would not be included in the corporation's taxable income fo

Finance committee  Certainly. The measure you're referring to is an extension of section 120.4 of the act, or what's commonly know as the kiddie tax. It is a tax to get at situations where individuals, rather than receiving income themselves, channel it to be received by a minor child, who would m

Finance committee  That's correct. The transactions that are caught by this measure are simply dispositions of shares to related corporations. So where there's a true disposition to an arm's-length party, that disposition won't be subject to the measure.

Finance committee  Thank you for the question. What the honourable member is referring to is that prior to the introduction of this volunteer firefighters tax credit, there was an exemption under subsection 81(4) of the act for honorariums of up to $1,000 per year. The effect of the exemption was

Finance committee  The honourable member is correct. If a volunteer firefighter does not spend 200 hours per year performing volunteer firefighting services, which are defined within this section as responding to calls, attending training, those types of things, the individual will not be eligible

Finance committee  In response to the question about the nature of the activities covered by the new children's arts tax credit, I would point out that in clause 98 of the bill, there is a provision that defines artistic, cultural, recreational, and developmental activities, and the eligible progra

Finance committee  I'm sorry. Is that the clause-by-clause explanation that was provided to the committee?

Finance committee  I think your understanding is correct in the sense that the caregiver credit is not available where there is no relationship, no familial relationship at all between the parties.