Good afternoon. My name is Lawrence Purdy, and I'm with the tax legislation division in the tax policy branch.
If I may venture an answer to your question, Mr. Dykstra, a proposal to reduce a tax rate in the form of a notice of ways and means motion is in legal terms just that, a proposal, until the Parliament of Canada has voted on and approved it. Strictly speaking, it has no legal effect until it has been enacted by Parliament.
As an administrative matter, the Revenue Agency was prepared to act on the basis of the notice of ways and means motion for purposes, for example, such as employer withholdings from their employees. The measures in the current bill implement reductions in the legislative form, and assuming that this bill is passed, those will be the only ones that are enacted. The previous notice of ways and means motion died with the previous Parliament.