Finance committee  That is correct. We are planning to make our capitalization contribution as a member of the bank through five instalments in successive years. This is the first instalment.

Public Accounts committee  I think, Mr. Chair, I'm going to defer to my colleague on this question, because, in essence, you're asking within the existing threshold what the leakage rate is of taxes that should be collected that aren't being collected. I'm not sure I'm in a position to be able to answer th

Public Accounts committee  I don't have that information with me. We'll follow up with you and get that information.

Public Accounts committee  It's a CRA question, yes.

Public Accounts committee  Mr. Chair, I think you can appreciate that my obligation is to provide the Auditor General with documents that he's entitled to as dictated by orders in council and his act, and I'm obliged to respect the limits of those orders in council. Your broader question of whether that l

Public Accounts committee  Thank you, sir. I would appreciate adding something, if I may. The Auditor General was seeking information in order to determine—as we understood what they were seeking—whether we turned our attention to the question of administrative costs as we considered the appropriate level

Public Accounts committee  It's a determination that we make in collaboration and consultation with the Privy Council Office.

Public Accounts committee  I have two quick observations. One is that we rely on CBSA, of course, to determine what their administrative cost is. Coming back to this question of what the right level of de minimis is, we regularly get representations both from importer groups, which are seeking considerati

Public Accounts committee  What I'm saying is that we indeed consider the costs of administering tax collection. What I mentioned earlier in response to another member is that administrative cost-effectiveness is only one consideration in determining what an appropriate tax level ought to be. There are iss

Public Accounts committee  I believe the agency has never indicated that there wouldn't be a revenue loss from raising the de minimis threshold rate. The $66-million estimate is the amount of tariff revenue that would be collected on products coming into the country valued at between $20 and $200, which we

Public Accounts committee  What I can say on that is we work very closely with CBSA on an ongoing basis on all of these issues, and we will work constructively with the agency.

Public Accounts committee  Yes, we do.

Public Accounts committee  If I understand your question, I think you have asked me two things. One is about the sheer number of tariff classifications that we have in the system, and the second relates to the de minimis threshold. Let me start quickly with the first one. As the committee may be aware, th

Public Accounts committee  With respect to de minimis, I'm not going to speak to the agency's administrative cost to assess de minimis packages. What I will say is there are two dimensions to the considerations around what an appropriate de minimis threshold is. One is administrative efficiency and cost, b

Public Accounts committee  The short answer is yes. The one document in question for our ministry was a document that was created before the date of the new access—