Finance committee  In my opinion, it is very clear that flexibility at the federal level is due to the fact that federal spending—again, it is important to say that it's within the current parameters—are mainly transfers to the provinces and to individuals. Transfers to the provinces are legislated

Finance committee  I can get back to you probably in writing with an estimate. For example, if we can provide you with a rule of thumb, we will get back to you on that. The other alternative.... You mentioned taxation. The government can also spend money or invest—whatever words we choose to use—t

Finance committee  If that's a motion of the committee, I would be happy to consider that.

Finance committee  I'll describe the state of the economy first because that was also the premise of your question. We have noticed that economic growth has slowed sharply in the last quarter of 2019. We expect growth to be relatively modest in the first quarter, and that was before the oil price d

Finance committee  Thank you. Good afternoon Mr. Chair, vice-chairs and members of the committee. Thank you for the invitation to appear before you today, our first official appearance of the 43rd Parliament before this committee. We are pleased to be here today to discuss the committee's study on

Finance committee  We do have models that are macro models that simulate the impact of certain tax policies or certain policies generally speaking. They show the impact of taking certain elements down or putting certain elements up to determine the impact on the economy.

Finance committee  I don't have that number off the top of my head. Do you, Jason?

Finance committee  We would generally use “support to businesses”.

Finance committee  I don't because it's a mix of tax preferences, deductions and credits, as well as direct assistance, loans, loans with preferential rates and loans that—as alluded to in the previous session—sometimes don't get repaid. There is a vast array of different types of support that are

Finance committee  It's something that could probably be generated, but obviously, I don't have that number off the top of my head.

Finance committee  Sure. You have my apologies.

Finance committee  I don't think you can combine those two, because there is, as you mentioned, significant overlap. One would hope that all of the transactions between Canada and the OFC, as reported on the T106 forms, have been captured by Canadian financial institutions that have to report any t

Finance committee  I would say that the $996 billion is probably as solid as it can be, but there for sure could be additional amounts because of the T106. Under the T106, corporations have to report only transactions over $1 million.

Finance committee  The assumption is just for illustrative purposes because we don't know for sure what the real number is. It could be 10%, it could be 5% or it could be 15%. I don't think it's much higher than that, but it could be more or it could be less. We don't know for sure and that's why w

Finance committee  I'm not sure it's a question of resources as much as it is a question of reliable and accurate data, which I'm not sure exists anywhere. It involves offshore financial centres, which by definition are not very co-operative when it comes to revealing the dealings that their instit