Evidence of meeting #57 for Finance in the 40th Parliament, 2nd session. (The original version is on Parliament’s site, as are the minutes.) The winning word was year.
A recording is available from Parliament.
Liberal
The Vice-Chair Liberal Massimo Pacetti
I have just one last question related to that. On the departments named in schedule 1, would that be all departments?
Acting Assistant Comptroller General, Financial Management and Analysis Sector, Treasury Board Secretariat
That's basically all departments and all crown corporations--all the major departments, yes.
Liberal
The Vice-Chair Liberal Massimo Pacetti
But wouldn't the crown corporations report on a quarterly basis now?
Acting Assistant Comptroller General, Financial Management and Analysis Sector, Treasury Board Secretariat
They don't produce publicly available quarterly reports right now. They do annual financial statements.
Liberal
The Vice-Chair Liberal Massimo Pacetti
These quarterly statements don't have to be audited, correct?
Acting Assistant Comptroller General, Financial Management and Analysis Sector, Treasury Board Secretariat
They are to be unaudited, exactly. If you want to do it sixty days after the quarter ends, there's no way you could do audits. If you went the audit route, it's quite an expensive proposition.
Liberal
The Vice-Chair Liberal Massimo Pacetti
Okay, great. Thank you.
Thank you to everybody. I don't think members have any more questions.
Yes, go ahead.
Director, Tax Legislation Division, Tax Policy Branch, Department of Finance
I just have one piece of information for Mr. McKay. I'm advised by one of our helpful people behind me that last year the T1 return was available from the CRA on December 22. So if you want something for your Christmas stocking this year, there you go.
Liberal
The Vice-Chair Liberal Massimo Pacetti
That was me who asked the question, so thank you, Mr. Lalonde.
That's why Mr. McKay was clueless. As a lawyer, that's what happens.
The meeting is adjourned.