Public Safety committee  Briefly, I mentioned the changes to the legislation of the CRA. I think that's an important enabler. I also think you should venture into a social impact bond in different parts of the country, looking at small communities, targeted as you said, at aboriginal communities, and a

Public Safety committee  I think the long-term future is, as I mentioned, the CRACOW and Clyde Hertzman's work. I think that provides enormous potential for us in the future, and as an opportunity I don't think that's a place I would go next. That's too complex, too large, and too difficult to work with.

Public Safety committee  Yes, there has been. I've met with a number of stockbrokers who have an interest in this. Of course, one can always question the motivation with respect to the financial institutions, as some people have already. My experience has been that they are indeed interested in looking

Public Safety committee  I don't know the answer in terms of that judgment, but if it is controlled, I don't much care which one it is. If there is a social good that comes out of it and it is managed in terms of the quality and the amount of return, then if there is a benefit that comes to society, I'm

Public Safety committee  Absolutely. Governments can put in whatever conditions they want. With our BC Ideas, that was a concern that I had. But we had some proposals from Skidegate and Haida Gwaii, so there was some uptake and interest in very small communities around that.

Public Safety committee  I think social finance has enormous potential across the spectrum. As some of your previous witnesses have said, if it's a social impact bond specifically, we already have all of the measurements in place to judge that. Our judicial system can make those judgments, so you save a

Public Safety committee  First, yes, I would recommend that you look at being able to redirect some of your funds toward social impact bonds, social innovation. One of the ways to do that would be to look at having the colla-petition model, the BC Ideas model that we had, a request for proposals. There a

Public Safety committee  Alberta has recently announced a fund that they're going to put into social innovation and social impact bonds. There is Saskatchewan, I believe. Ontario, through MaRS, is actively moving forward. I believe that New Brunswick and Nova Scotia have done some work on it as well, and

Public Safety committee  Yes. Whatever their incorporation as a community contribution, whatever their social good was, any of their assets will be required to go back to that social good. Our registrar of companies will make a determination as to how that will happen and where it will go.

Public Safety committee  I think governments should be judged on impact. We've used outcome and goals as measures. I just spent some time with Jonathan Lewis, who is a wonderful social innovator out of the States, and he funded a number of social ventures that allowed wells to be drilled in, I think, K

Public Safety committee  It's a community contribution company. A community interest corporation is the English model. They have close to 5,000 in that. So yes, we have passed the legislation. We've given it royal assent and it is in place. We don't have the flow-through tax credit yet.

Public Safety committee  The community contribution company is basically.... If you have a non-profit society that's providing services and you want to incorporate your service provider as a non-profit society, you can do that. Under our model you can also choose to incorporate as a community contributio

Public Safety committee  That's right. Sorry, I wandered off. I'm ADD.

Public Safety committee  Yes. That's under our orders in council, the regulations, we have allowed them to pay up to 30%. Yes.

Public Safety committee  This group of parents of autistic children tends to be rather well off. They said, “We want to be able to run some programs for our youth specifically, and we've looked at this as a model.” They talked about forming a society or community contribution company. They see this as