Correct.
Evidence of meeting #56 for Finance in the 41st Parliament, 2nd Session. (The original version is on Parliament’s site.) The winning word was measure.
A video is available from Parliament.
Evidence of meeting #56 for Finance in the 41st Parliament, 2nd Session. (The original version is on Parliament’s site.) The winning word was measure.
A video is available from Parliament.
4:35 p.m.
Director General, Northern Strategic Policy Branch, Department of Indian Affairs and Northern Development
Correct.
4:35 p.m.
NDP
Nathan Cullen NDP Skeena—Bulkley Valley, BC
My question is, when you bring those two sources of revenue in and the research that's associated to them, is a certain proportion—I don't know what that proportion is and you may not be able to provide that with the committee, it may be 50-50, 70-30, I don't know—going to change at all?
Is climate impact on science going to go up or down? Is industrial.... To take just these two categories, and I imagine there are others.... Is the proportion of investigation going to change with the new combined entity?
4:35 p.m.
Director General, Northern Strategic Policy Branch, Department of Indian Affairs and Northern Development
We're getting ready for our second call for the science and technology portion. I'll refer the question to my colleague, Dr. Raillard.
4:35 p.m.
Dr. Martin Raillard Chief Scientist, Canadian High Arctic Research Station, Arctic Science Policy Integration, Northern Strategic Policy Branch, Department of Indian Affairs and Northern Development
CHARS has five science-related priorities, two of which you have mentioned. The first is resource development, baseline information. The second is climate change. The proportion of funding allotted to each will be determined by the CHARS management committee, which has 30 members from academia and northern institutions. The proportion will change every year—it's not fixed—so that the management committee has the ability to allocate different amounts.
4:35 p.m.
NDP
Nathan Cullen NDP Skeena—Bulkley Valley, BC
I have one last question, Chair.
Is it just the design of what is being approved here, or attempted to be approved here by Parliament and later on by the House, that confirms those five areas, those five mandates, but doesn't speak to the division of the assets, or the division of money and research dollars over the coming years? Is that correct? I'm not looking to make assumptions here; I'm just looking to understand what it is we're approving and what will be decided later.
4:35 p.m.
Director General, Northern Strategic Policy Branch, Department of Indian Affairs and Northern Development
The matter that the committee and Parliament is considering now is the governance structure. The funding elements are not attached to this particular budget bill. What we are looking for is giving the new board the ability to have decision-making power over the allocations that Dr. Raillard just referred to.
4:35 p.m.
Conservative
The Chair Conservative James Rajotte
I want to thank our officials for being here on this division. I think those are all the questions for now. We will see you later at clause-by-clause study.
We will go to division 4 on the Criminal Code.
I think we have one question, or so, for Mr. Pruden. Welcome to the committee, sir.
I have a question from the Conservative side.
Mr. Saxton, please.
4:35 p.m.
Conservative
4:35 p.m.
Conservative
4:35 p.m.
Conservative
The Chair Conservative James Rajotte
All right.
Mr. Pruden, you convinced us all with your non-verbal communication.
4:35 p.m.
A voice
It's all in the body language.
4:35 p.m.
Conservative
The Chair Conservative James Rajotte
Colleagues, the next division that we're dealing with at committee is division 8, which concerns the Royal Canadian Mint Act.
I have a notice from Mr. Brison on this.
4:35 p.m.
A voice
Is there a motion to keep trying?
4:35 p.m.
Some voices
Oh, oh!
4:35 p.m.
Conservative
The Chair Conservative James Rajotte
Order. Let's keep focused here, ladies and gentlemen.
Let's welcome Mr. Ram to the committee.
I have Mr. Brison for a question, please.
4:35 p.m.
Liberal
Scott Brison Liberal Kings—Hants, NS
We understand that the fiscal impact of this measure on the federal government is neutral. Is there a monetary impact on the Mint, or an impact on the Mint itself as an operation?
November 5th, 2014 / 4:40 p.m.
Elisha Ram Director, Financial Markets Division, Financial Sector Policy Branch, Department of Finance
If the proposal goes forward, the Mint will not be able to charge a profit on domestic coinage or on other goods and services that it sells to the government. So, yes, the Mint's net profit from those business lines will decline; however, it will continue to be able to make a profit on its other business lines.
4:40 p.m.
Liberal
Scott Brison Liberal Kings—Hants, NS
Okay, but will this negatively impact the bottom line of the Mint as an entity?
4:40 p.m.
Director, Financial Markets Division, Financial Sector Policy Branch, Department of Finance
In the sense that it will have less profit overall than it has had in the past, yes.
4:40 p.m.
Director, Financial Markets Division, Financial Sector Policy Branch, Department of Finance
It's difficult to quantify, because the Mint produces different amounts of coin in any given year, and the value of the numismatic business lines changes over time, so it's something that we will have to negotiate with the Mint by re-negotiating the memorandum of understanding that they have with the government in order to fully understand exactly what this means to the bottom line.
