Finance committee  As well, on clause 31, clause 31 provides a rule on advanced life deferred annuities and transfers with RRSPs as well. Many of these clauses touch on various measures, but it's a consequential amendment for the ALDA or advanced life deferred annuity rules. Clause 32 is another consequential amendment or rule relating to advanced life deferred annuities, but in the registered retirement income fund context.

Finance committee  Clause 33 relates to the measure extending the registered disability savings plan rules. When an individual ceases to be eligible for the disability tax credit, this measure provides more flexibility and allows the plan to be kept open. (Clause 33 agreed to on division)

Finance committee  Clause 34 provides the main set of rules relating to advanced life deferred annuities. These are new investment vehicles that would help individuals provide for retirement and would also ensure that they don't outlive their savings. (Clause 34 agreed to on division)

Finance committee  Clause 35 contains consequential amendments relating to advanced life deferred annuities and transfer rules with respect to registered pension plans—RSPs—and deferred profit-sharing plans. (Clause 35 agreed to on division)

Finance committee  That's right. It's at the bottom of page 60. Clause 36 provides additional consequential rules in respect of advanced life deferred annuities. (Clause 36 agreed to on division)

Finance committee  Clause 37 again provides a consequential amendment relating to advanced life deferred annuities. (Clause 37 agreed to on division)

Finance committee  Clause 38 as well provides consequential amendments for advanced life deferred annuities in the pooled registered pension plan context. (Clause 38 agreed to on division)

Finance committee  Clause 39 provides amendments to section 149.1 of the act, which provides rules for registered charities as well as qualifying journalism organizations that are the types of not-for-profit journalism organizations that are allowed to issue tax receipts for donations received. There are two measures.

Finance committee  Shall clause 39 carry on division? (Clause 39 agreed to on division)

Finance committee  Clause 40 has amendments to section 152 that provide for the normal reassessment periods. One provides references to the consequential amendments in respect of the wage and rent subsidies. Another amendment relates to one-half of the transfer pricing measures. In that case, the transfer pricing rules in section 247 of the act deal with transactions between Canadian residents and non-residents.

Finance committee  No. Corporate class funds are a different thing and they relate to.... There was a budget measure a few years ago relating to them. This measure relates primarily to mutual fund trusts. Corporate class funds, or “switch funds”, as the term is used, relate to mutual fund corporations.

Finance committee  Clause 28 relates to the tax deferral for patronage dividends. Those are dividends that can be paid under certain agricultural co-ops to their members. What they would do is extend an existing deferral that allows them to avoid immediate taxation, which can help with cash flow for these agricultural co-operatives.

Finance committee  Clause 29 is a consequential amendment relating to employee stock options. It deals with a very technical issue between the interaction of a rule in section 143.3, which is an anti-avoidance rule, and it ensures that it doesn't prevent the deduction provided for employers under the new stock option rules.

Finance committee  Clause 30 relates to employee life and health trusts, and in particular to migration from the former health and welfare trust regime into the new legislated employee life and health trust rules in the Income Tax Act. It provides a path for the old health and welfare trusts to transition over to the new employee life and health trust regime.

Finance committee  Clause 31—with apologies, I'm scrolling as well—is a consequential amendment relating to—