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Government Operations committee Are you talking about stimulus action? Canada's efforts are almost on par with those of the United States. However, in the US, a significant part of the stimulus program is tied to aid primarily to US states, and US states are cutting back significantly on employment. Getting ba
December 8th, 2009Committee meeting
Paul Rochon
Government Operations committee We can't tell you exactly what impact these measures have had. All we know is that there has been a tremendous amount of interest in and many questions surrounding this credit. Businesses in this sector tell us that the impact has been significant. However, I can't tell you wheth
December 8th, 2009Committee meeting
Paul Rochon
Government Operations committee The figure of 220,000 jobs is tied solely to Canada's Economic Action Plan. However, you are correct in saying that before Canada's Economic Action Plan was unveiled in the fall of 2007, the government had announced $60 billion in tax cuts over five years, beginning in January 20
December 8th, 2009Committee meeting
Paul Rochon
Government Operations committee I really believe a range of factors came into play. One was the reduction in the tax burden, but there were others too. In general, Canadian households, businesses and banks were much healthier, financially speaking, than the residential real estate sector. Canada did not experie
December 8th, 2009Committee meeting
Paul Rochon
Government Operations committee Yes, but the employment situation nationally, across Canada, is clearly better than it is in the United States. You cannot spend $27 billion without having some impact. We think that our overall forecasts are quite cautious. They are more cautious than the calculations they have
December 8th, 2009Committee meeting
Paul Rochon
Government Operations committee That is not something we have done up to now. It would be possible to do it, but it may not be accurate. I do not know if the Department of Finance is able to do it. If you compare the situation in Quebec to the situation in Ontario, you have to understand that the recession had
December 8th, 2009Committee meeting
Paul Rochon
Government Operations committee Our calculations were done from the start of the recession, in October 2008.
December 8th, 2009Committee meeting
Paul Rochon
Government Operations committee I understand your concern. Perhaps the answer is just that it is hard to make a perfect assessment of a situation like this. The Congressional Budget Office in the United States has done some work on this. They make exactly the same points. They say that the situation is very di
December 8th, 2009Committee meeting
Paul Rochon
Government Operations committee First, the figure of 220,000 jobs is for all the aspects of the plan together. There are tax cuts, there are increased employment insurance benefits, including initiatives for training and for sectoral assistance especially to the automobile and forestry sectors. As for social h
December 8th, 2009Committee meeting
Paul Rochon
Government Operations committee Thank you very much. It is a pleasure to be here with Benoit Robidoux and my other colleagues. I thought what I would do very briefly, just to open up the session and provide some context for our discussion, is give you a very quick overview of how the Department of Finance esti
December 8th, 2009Committee meeting
Paul Rochon
Public Accounts committee I would like to thank the committee for your interest. The public accounts is the product of a lot of work across a number of departments—all departments but primarily the central departments of the Receiver General, the Treasury Board Secretariat, the Comptroller General, the Au
November 23rd, 2009Committee meeting
Paul Rochon
Public Accounts committee We're definitely satisfied with the information we're getting from CRA. I think there's been a tremendous improvement over the last several years. One should not stop making improvements; however, both the methodological changes that have been put in place and the frequency and q
November 23rd, 2009Committee meeting
Paul Rochon
Public Accounts committee The office is up and running now, and that, I would submit, is related to.... Infrastructure will be longer-term in nature. It's not the kind of infrastructure that would be necessarily amenable to stimulus spending.
November 23rd, 2009Committee meeting
Paul Rochon
Public Accounts committee I can't speak to that specific file, other than to tell you that the office is up and running now. I could provide the chair with a note as to what the nature of the delay was, if that would be helpful.
November 23rd, 2009Committee meeting
Paul Rochon
Public Accounts committee I think what you will find is that the full impact of the recession will be felt in the current and the upcoming year, and that in part, the fact that the deficit was reasonably small in 2008-09 is a reflection of the timing of the recession--that it took place in the latter part
November 23rd, 2009Committee meeting
Paul Rochon