I move that Bill C-470 in clause 1 be amended by (a) by deleting line 10 on page 1 to line 2 on page 2; (b) replacing line 3 on page 2 with the following.... This is paragraph 149.1....
(c) replacing lines 17 and 18 on page 2 with the following:
pensation of any executive or employee who is paid aggregate compensation in respect of a taxation year of the executive or employee exceeding $100,000 (which amount of $100,000 is to be indexed in respect of the 2012 and following taxation years as if it were referred to in subsection 117.1(1)
Basically, it's indexing.
We heard from two or three witnesses earlier this week, I believe, who felt that it was very important. Two or three witnesses said the same thing. Correct me if I'm wrong, Mr. Wallace.
We've worked with the sponsor on this. And I must commend the sponsor for her diligence and her support while we worked through this to try to make sure that it's right, that it's respectful, and that it has the outcome that both she and the government are interested in achieving.
Now, we have officials here if there are any concerns. I would invite them to comment if they have any concerns about this amendment, Mr. Chair.