Finance committee  It is the fact that disbursement quota rules will be amended and will in certain aspects be eliminated. In terms of oversight of charitable activities and amounts that they spend, that's not something the disbursement quota would directly impact in any case.

Finance committee  Mr. Szabo, I might add that the legislation went through the usual review--

Finance committee  --tax legislation goes through in the committee I chair, which includes representatives from the Department of Justice and the Canada Revenue Agency. They would also have been involved in the drafting and review of all of the TFSA legislation.

Finance committee  The changes to the disbursement quota are not intended to affect the ability of the CRA, Canada Revenue Agency, to oversee the activities of the charitable sector. In fact, the changes in Bill C-47 introduce some stronger anti-avoidance rules that are intended to address some tra

Finance committee  The elimination of the disbursement quota as a function of charitable receipts clearly will make it easier for charities because they will have a disbursement quota that they no longer have to worry about, or at least one that used to be in place. And raising the threshold of the

Finance committee  I would have to pull out--

Finance committee  Okay. I will do that.

Finance committee  The box-top sets in question are the decoders that are used for satellite or cable television. It's actually not an accelerated capital cost allowance that is provided, but really one that reflects the economic life of the asset. The change that was proposed in the budget and tha

Finance committee  The reason these treaties are enacted as legislation is so they can override the Income Tax Act. So these treaties and the legislative provisions enacting them specifically provide that where there's a conflict between the Income Tax Act and the provisions of the treaty, the trea

Finance committee  Something was happening up here and they wouldn't let us in.

Finance committee  My understanding is that with tax treaties it's not unusual because it's not a revenue-raising bill. It only acts as a shield for taxpayers against taxation, so it can be introduced in the Senate.

Finance committee  Without knowing all of the details, it's hard to say, but it would seem the one receiving the amounts from the U.S., at least on the social security amounts, will be taxed at a lesser rate in Canada. The change that is being proposed here is simply reinstating the position that

Finance committee  I suspect the former American resident receiving the amounts might argue that not being in the same position that he or she was in back in 1995 is unfair to them, and it's for that reason that this change is very targeted. It's only available to those who were in that position in

Finance committee  These amendments reflect the positions that have been applied by all the interested parties, the federal government, and the provinces for several years, that contributions to these plans from provincial sources, while they're valid and appropriate contributions to the plans, sho

Finance committee  Yes.