Finance committee  I will try my best. In terms of the time frame.... Maybe I'll focus on that. The idea was to look at the path of the recovery and to try to time it with that, and to try to be consistent with the health restrictions and those. That was the general idea.

Finance committee  I can speak to part 1 of the bill. Perhaps my colleagues can speak to part 2 and part 3. As you indicated, the mandate was to move from the broad-based support that was required at the height of the pandemic during lockdowns to more targeted support as we transition to the new phase of the pandemic.

Finance committee  Yes, I can start, and maybe my colleague, Yves Poirier, can add a little. He knows a bit more about the consultations and what the government did in that regard. As you suggested, there was outreach in trying to talk to stakeholders and to understand the type and the level of support that was needed and the thresholds.

Finance committee  As I indicated, I can discuss the contents of the bill. I appreciate the question, but I can't answer that question.

Finance committee  Mr. Chair, I can provide a high-level response, but I'm afraid I won't be able to answer the honourable member's question directly, because we're here to discuss the bill. What I can say is that, with regard to the cost of the measures, in terms of part 1, the three first programs that I mentioned—the tourism and hospitality recovery program, the hardest-hit businesses recovery program and the local lockdown program—have a cost of $3.2 billion.

Finance committee  That is within the government's broader macroeconomic framework. I can't speak to that.

Finance committee  Thank you, Mr. Chair. I will speak in English, knowing that interpretation services are being provided. My name is Max Baylor. I represent the business income tax division at the Department of Finance. I'll provide a brief overview of part 1 of the bill. Part 1 proposes amendments to the Income Tax Act and related amendments to the income tax regulations.

Finance committee  Maybe I can briefly say, echoing what Trevor was saying, that for ALDAs and VPLAs, that is the purpose. It's to provide greater flexibility and provide additional tools that can be used to better plan and expand the options to plan in retirement, and how and when you receive your income in retirement.

Finance committee  I'm sorry about that. I'm not too sure I was there, and it wasn't activating.

Finance committee  I'm not sure. I got kicked out, and I think I had to reboot. I guess that's how they got me in. I did hear the first one, so maybe I can pick up from there with just a bit of a description. I did hear the question about whether this is sort of a RRIF and how it relates to that, so maybe I can start by answering that question, and we can then follow up from there.