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International Trade committee Thank you. From CRA's point of view, we apologize, but we didn't understand the intent of this particular amendment, so we're not able to speak to it.
November 7th, 2006Committee meeting
Cindy Negus
International Trade committee Yes, that's correct.
November 7th, 2006Committee meeting
Cindy Negus
November 7th, 2006Committee meeting
Cindy Negus
International Trade committee Thank you for your question. Limited information will make it very difficult for the Minister of National Revenue to administer and enforce this act.
November 7th, 2006Committee meeting
Cindy Negus
International Trade committee If you refer back to clause 2, you'll see that the minister is defined as the Minister of National Revenue.
November 7th, 2006Committee meeting
Cindy Negus
International Trade committee Do you have a copy of the subamendment that we could look at, please?
November 7th, 2006Committee meeting
Cindy Negus
International Trade committee Thank you for your question. Clause 26 as it currently stands is a provision that requires every person who is registered to send in their information basically to the CRA, to the Minister of National Revenue. This is the only place where this occurs throughout the act. This is necessary, of course, for the Minister of National Revenue to be able to administer and enforce the act and to impose the obligations contained within.
November 7th, 2006Committee meeting
Cindy Negus
International Trade committee Essentially, if we were to increase the interest rate on amounts that were paid by the minister to individuals by two percentage points, which is the suggestion here, that, in itself, would in fact cause the government to incur additional amounts. In addition, there would be significant infrastructure changes for systems, resources, etc., to change or to make the proposal here possible.
November 2nd, 2006Committee meeting
Cindy Negus
International Trade committee Bear with me while I review this more closely. To be 100% certain on the amount that would be a cost or attributable to the government, we would have to know, for starters, how many people would be non-compliant in this regime. If there are a large number of people who are non-compliant, and we are in fact charging them less interest, then the government would have less money coming in.
November 2nd, 2006Committee meeting
Cindy Negus
International Trade committee In what sense?
November 2nd, 2006Committee meeting
Cindy Negus
International Trade committee Could you repeat the question, please?
November 2nd, 2006Committee meeting
Cindy Negus
International Trade committee Correct. Our only response to this would be that when the calculations were determined, they were based on other statutes, together with an assessment of the projected value of time and money. That's how the rates were determined in the first place.
November 2nd, 2006Committee meeting
Cindy Negus
International Trade committee Yes, it would. To have this rate different from the one that exists in other statutes would result in increased costs to the government, not only in the amount of interest paid but also in infrastructure changes.
November 2nd, 2006Committee meeting
Cindy Negus
International Trade committee Essentially, if we have a non-resident exporter then certainly all the provisions contained within will apply to them as well. Keep in mind that this clause 68 is really a criminal offence. We're talking about summary conviction, so we are talking about a case actually being looked at by the court.
October 26th, 2006Committee meeting
Cindy Negus
International Trade committee Just bear with me for one moment while I review the provision.
October 26th, 2006Committee meeting
Cindy Negus