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Finance committee  Well, again, the horizon for these programs and the way they sort of phase out is based on the economic projection and the health outlook. That's the notion on which those are based.

December 7th, 2021Committee meeting

Maximilian Baylor

Finance committee  I'm sorry. I didn't hear the question. There was something, a service break.... I apologize.

December 7th, 2021Committee meeting

Maximilian Baylor

Finance committee  I believe that's referring to another program. I'm not sure what program the honourable member is referring to. Is it the loan program? If so, again, that's not my area.

December 7th, 2021Committee meeting

Maximilian Baylor

Finance committee  Mr. Chair, we can endeavour to provide those answers along with answers to the other CRA-related questions that were asked earlier, if that's all right.

December 7th, 2021Committee meeting

Maximilian Baylor

Finance committee  On part 1 of the bill, we don't have those estimates in hand, but we can certainly get back to the committee on the administration costs for the total figure that has been committed.

December 7th, 2021Committee meeting

Maximilian Baylor

Finance committee  As I indicated, Mr. Chair, we can return with the cost breakdown, but we just don't happen to have those numbers at this stage.

December 7th, 2021Committee meeting

Maximilian Baylor

December 7th, 2021Committee meeting

Maximilian Baylor

Finance committee  My colleague Mr. Poirier can verify, but my understanding is that it's included.

December 7th, 2021Committee meeting

Maximilian Baylor

Finance committee  Again, that's a question on the administrative side of things, a question for the Canada Revenue Agency, so I can't speak to that.

December 7th, 2021Committee meeting

Maximilian Baylor

Finance committee  I can certainly start with part 1. That was very much the intent of the most recent programs, to go from the broad CERB and rent subsidy programs to more targeted programs that are really more centred, at this stage of the pandemic as we move forward and we start the recovery from the pandemic, on those industries and businesses that have been and continue to be hardest hit.

December 7th, 2021Committee meeting

Maximilian Baylor

Finance committee  I can't answer that at this stage. It would depend on the parameters of the program at that point.

December 7th, 2021Committee meeting

Maximilian Baylor

Finance committee  That's correct. The costing is up until the May 7 date. Then, in terms of the policy rationale behind the extension, I would simply echo some of the comments of my colleague.

December 7th, 2021Committee meeting

Maximilian Baylor

Finance committee  I will let my colleague Yves Poirier answer. As I mentioned, he was in closer contact with stakeholders about the wage subsidy and rent subsidy programs.

December 7th, 2021Committee meeting

Maximilian Baylor

Finance committee  Thank you for the question. As I expressed earlier, it was essentially—and maybe my colleague Yves Poirier can add more after my answer—a balance of figuring out who is in need and then providing an amount sufficient for that need. As you saw, once you hit the threshold at which you're determined to be in need, there's a relationship between the current-month revenue loss and the amount of the subsidy.

December 7th, 2021Committee meeting

Maximilian Baylor

Finance committee  Thank you, Mr. Ste‑Marie. I can answer first, and then my colleague Trevor McGowan can take over. There are two testing criteria, yes. I assume that you are talking about current month revenue losses, which is the second test. If that is the case, generally speaking, what you said is correct, but I will give the floor to my colleague Mr.

December 7th, 2021Committee meeting

Maximilian Baylor