Evidence of meeting #51 for Finance in the 43rd Parliament, 2nd Session. (The original version is on Parliament’s site, as are the minutes.) The winning word was agreed.
A video is available from Parliament.
5:50 p.m.
Liberal
The Chair Liberal Wayne Easter
For those who are paying attention, in the bill, we just surpassed page 100. I know everybody likes to think in hundreds, so we're away; the first century is gone.
On clause 65, go ahead, Mr. McGowan.
(On clause 65)
5:50 p.m.
Director General, Tax Legislation Division, Tax Policy Branch, Department of Finance
Thank you.
Perhaps a larger threshold is that it ends part 1 of the act, so I would turn things over to my colleague Pierre Mercille, who will be able to speak to part 2.
Thank you.
May 27th, 2021 / 5:50 p.m.
Pierre Mercille Director General, Sales Tax Division, Tax Policy Branch, Department of Finance
Hi.
Essentially, clause 65 contains the same amendment that is found in clause 55 for the Income Tax Act. It's a consequential amendment, and it basically deals with the requests for information to be delivered electronically to banks and credit unions. I'm also going to add that clauses 65 to 80 are exactly the same thing as clauses 55 to 57 on the Income Tax Act, but some amendments apply to the Excise Tax Act, the Air Travellers Security Charge Act, the Excise Act, 2001, and the Greenhouse Gas Pollution Pricing Act, which are all acts that are administered by the CRA, and since the administrative rules in these acts are usually similar, when there's a change in one act, CRA usually wants to change all the acts to facilitate their administration.
(Clause 65 agreed to on division)
(On clause 66)
5:50 p.m.
Director General, Sales Tax Division, Tax Policy Branch, Department of Finance
On clause 66, as I said, clauses 65 to 80 are all the same thing. They're on the electronic delivery of information, so I can repeat the same explanation if you want.
5:50 p.m.
Liberal
The Chair Liberal Wayne Easter
Do we have consent to go from clause 66 to clause 80 with the same explanation and see them as carried on division?
5:50 p.m.
Conservative
Ed Fast Conservative Abbotsford, BC
No, I think we want a short explanation for each one. That way our process remains the same. I do understand that we want to move this forward.
5:50 p.m.
Director General, Sales Tax Division, Tax Policy Branch, Department of Finance
It's a consequential amendment to the income tax amendment with respect to the electronic requests for information to banks and credit unions.
(Clause 66 agreed to on division)
(On clause 67)
5:50 p.m.
Director General, Sales Tax Division, Tax Policy Branch, Department of Finance
Yes.
(Clause 67 agreed to on division)
(On clause 68)
5:50 p.m.
Conservative
5:50 p.m.
Director General, Sales Tax Division, Tax Policy Branch, Department of Finance
Clause 68 is a clause that allows CRA to make requests for information from banks and credit unions in an electronic format. This was actually a request from banks and credit unions, because they found that receiving paper was not very efficient, and now they'll be able to receive these electronically through a direct passway with CRA.
5:55 p.m.
Conservative
Ed Fast Conservative Abbotsford, BC
Do you see, Mr. Chair? That is very helpful. I appreciate that kind of an explanation.
5:55 p.m.
Liberal
5:55 p.m.
Conservative
Philip Lawrence Conservative Northumberland—Peterborough South, ON
Yes, it can go on division.
It's just, Monsieur Mercille, you're popping a little bit, so I was wondering if you could move your microphone up a little. It was keeping Wayne awake, so we were trying to....
5:55 p.m.
Director General, Sales Tax Division, Tax Policy Branch, Department of Finance
Okay. I'm sorry about that.
5:55 p.m.
Liberal
The Chair Liberal Wayne Easter
Yes. Shall clause 68 carry on division?
(Clause 68 agreed to on division)
(On clause 69)
On clause 69, is there anything further on this one that can be added?
5:55 p.m.
Director General, Sales Tax Division, Tax Policy Branch, Department of Finance
No, this is just a consequential amendment on the electronic delivery of requests for information.
5:55 p.m.
Liberal
The Chair Liberal Wayne Easter
Shall clause 69 carry?
(Clause 69 agreed to on division)
(On clause 70)
5:55 p.m.
Director General, Sales Tax Division, Tax Policy Branch, Department of Finance
For clause 70, i's the same explanation.
5:55 p.m.
Conservative
Ed Fast Conservative Abbotsford, BC
Clause 69 was about a time period—a time period not to count—and we got sort of an explanation on that.
Clause 70—like, what is it? Just tell us.