Finance committee  I can speak to the COVID measures in part 1 of the bill, the wage subsidy and rent subsidy. As I noted earlier, there have have been a number of iterative changes improving the programs. One of them was procedural in terms of applicants, namely, the measures that would provide a

Finance committee  I can confirm there is nothing in part 1 of the bill that relates to that.

Finance committee  As I understand the question, it relates to tourism-related businesses that are seasonal and what protections are available under the measures in part 1 of the bill in order to reflect [Technical difficulty—Editor] Since we're starting with the tourism and hospitality recovery p

Finance committee  Well, I can speak to some of the measures in part 1 of the bill, in particular the local lockdown program, which are intended to respond and provide a higher level of subsidization where entities are subject to a lockdown. Those could even extend to the wage subsidy, whereas lock

Finance committee  There are requirements for the work to be in Canada, and of course for the wage subsidy there would be a requirement that wages be paid under an employee-employer relationship. In addition, under the rent subsidy it would be possible for a business that uses temporary foreign lab

Finance committee  I can only speak to part 1 of the bill, as I was involved in the drafting of that. It's been an iterative process, from tabling the first bill, hearing stakeholder responses and then iteratively improving on the programs over the last almost two years. In terms of the work on Bi

Finance committee  I can speak briefly to the criteria from the legislative side and then let my colleagues join in on the policy side. For the month-over-month revenue-decline calculation, that has some flexibility in that you can elect to have the current month tested against either the same mon

Finance committee  I can certainly start with the answer in respect of part I. The simple answer is that the Canada Revenue Agency requires royal assent of Bill C-2 before it can make payments under the wage subsidy or any of the programs in part I after the end of November, which was the legislate

Finance committee  I would just like to add in response on the executive compensation repayment requirements, as that compares 2021 compensation to 2019 compensation, that information would be unavailable, as the 2021 year hasn't ended yet, but we'll certainly reach out to CRA for the other informa

Finance committee  Yes, it would be. We would have to confirm with our counterparts at the Canada Revenue Agency to get that information.

Finance committee  The calculations of revenue in Bill C-2 are based on the existing rules for the wage and rent subsidies that are found in the act and that have been relied upon by businesses since the inception of those programs. I can say that there has been some thought given to providing add

Finance committee  I can speak to the deadline for part 1 of the bill, and then I'll turn it over to my colleague for part 2. There is the flexibility to add two more qualifying periods, which, as was mentioned, could go up to July 2, 2022. With each bill and iteration of the wage subsidies, there

Finance committee  I'm not sure I can speak to the political process of holding accountability, but I would note rather that the time limit of July 2—and these limits have been around for as long as these measures have—is intended to ensure that, for any extensions beyond the set horizon, the gover

Finance committee  The government would need to come back to Parliament in order to extend it past July 2, 2022.

Finance committee  I'm not sure about the costing, but my colleague Max can speak to that.