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February 10th, 2009Committee meeting

Stephen Richardson

Government Operations committee  Let me deal with both those questions. On accountability, certainly there is some emphasis on doing things more quickly, and we're very sensitive to that, but we are also sensitive to maintaining appropriate accountability and control for public funds. I would note in that rega

February 10th, 2009Committee meeting

Stephen Richardson

Government Operations committee  I think they were talking generally about any business that was investing abroad, and I would agree those would be larger businesses generally, rather than smaller businesses.

February 10th, 2009Committee meeting

Stephen Richardson

Government Operations committee  But I don't think there is anything negative in the removal of section 18.2 for small and medium-sized businesses.

February 10th, 2009Committee meeting

Stephen Richardson

Government Operations committee  I think the repeal of section 18.2 is not a measure that directly affects stimulus very much one way or the other. So I wouldn't want to suggest it is a stimulus measure. I think, though, there are some economic consequences that may be related to the provision, or the absence

February 10th, 2009Committee meeting

Stephen Richardson

Government Operations committee  Accrual accounting is the standard for governments in Canada. It is also the standard for businesses in Canada. While we don't set those standards—they are set independently by the Accounting Standards Board or the Public Sector Accounting Board—I think there are fairly well acce

February 10th, 2009Committee meeting

Stephen Richardson

Government Operations committee  I think there are a couple of things that are different. Going forward, I can't specifically verify the number, though. I must say it sounds a little on the low side to me, but we would have to refer that to Infrastructure Canada to see what the number is. I would note about the

February 10th, 2009Committee meeting

Stephen Richardson

Government Operations committee  Yes. I can't verify whether it came out of that particular source, but I can say that the provision of the $2 billion line of financing through CMHC is a very important potential new source of low-cost funding for municipalities and that there's been a very positive reaction to t

February 10th, 2009Committee meeting

Stephen Richardson

Government Operations committee  A number of steps are being taken to try to ensure that this money, which has been provided for in the budget, and in particular for infrastructure, will be available on the most efficient basis. Of course one of the things the government has to do in providing this money is to e

February 10th, 2009Committee meeting

Stephen Richardson

Government Operations committee  My understanding is that it is in the ways and means motion. It is not in Bill C-10, so--

February 10th, 2009Committee meeting

Stephen Richardson

Government Operations committee  --it would be in the subsequent legislation.

February 10th, 2009Committee meeting

Stephen Richardson

February 10th, 2009Committee meeting

Stephen Richardson

Government Operations committee  No, it is not in Bill C-10, because the working income tax benefit increase involves consultations with provinces with respect to the design as it applies in each province. The main element of the working income tax benefit is to try to supplement income where there's a loss of

February 10th, 2009Committee meeting

Stephen Richardson

Government Operations committee  I think the consultations did involve some discussions with representatives of municipalities, and I think with respect to municipalities there was some positive indication as well in a number of cases, although there were also indications from municipalities that they felt they

February 10th, 2009Committee meeting

Stephen Richardson

Government Operations committee  The number you refer to does involve matching, but that is a reference to the incremental stimulus in the specific provisions that increase infrastructure funding. Those could be matched totally by the province. They don't have to be matched by the municipality, so that can be fi

February 10th, 2009Committee meeting

Stephen Richardson