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Finance committee  I can say that, from the beginning, the wage subsidy was designed to subsidize wages and help retain the connection between an employer and an employee. It has not applied to payments to independent contractors or, as has been mentioned earlier, dividends from business owners. I

December 7th, 2021Committee meeting

Trevor McGowan

Finance committee  Thank you. I just wanted to add that it's not in this bill but rather in the general wage and rent subsidy rules. There is a special deeming rule that provides that the month-over-month revenue decline for any particular period is going to be equal to the greater revenue decline

December 7th, 2021Committee meeting

Trevor McGowan

Finance committee  The rules contain a number of measures that could be modified by regulation. In general, the percentages and factors used for calculating wage subsides can be modified by regulation. Getting to your specific question, the definition of a base percentage—which is the basic wage

December 7th, 2021Committee meeting

Trevor McGowan

Finance committee  I don't know that we can comment on the government's communications strategy beyond what was put out in the July 19 news release. I don't know that we have any details to share on that right now. I don't know, Mio, if you have anything to add.

July 20th, 2021Committee meeting

Trevor McGowan

Finance committee  We're certainly working on putting together amendments. Again, these are the ones announced on July 29. Of course, in doing so, I don't want to suggest that we've launched a formal consultation process that we'd need to end before the draft legislative proposals are released, but

July 20th, 2021Committee meeting

Trevor McGowan

Finance committee  I apologize. That was another slip of the tongue.

July 20th, 2021Committee meeting

Trevor McGowan

Finance committee  Certainly, we've gone through the Quebec intergenerational business transfer rules. They provided a great source of inspiration for the work we're currently doing on them. Some of that is probably reflected in the bullets in the July 19 press release. It is certainly a made-in-Ca

July 20th, 2021Committee meeting

Trevor McGowan

Finance committee  The government announced its intention to release...or said that amendments to the Income Tax Act relating to intergenerational transfers would be forthcoming. In its July 19 press release, the government announced an intention to release draft legislative proposals on the subjec

July 20th, 2021Committee meeting

Trevor McGowan

Finance committee  I'm sorry. I'm not certain that I....

July 20th, 2021Committee meeting

Trevor McGowan

Finance committee  Jenifer, I see that you've gone off mute.

July 20th, 2021Committee meeting

Trevor McGowan

Finance committee  The press release states that amendments are forthcoming. That is something we're working on, consistent with the announcement of the Government of Canada that the amendments are forthcoming.

July 20th, 2021Committee meeting

Trevor McGowan

Finance committee  Yes, of course, very much so. We put out a release and we'll put out draft legislative proposals for consultation. We expect really good stakeholder engagement.

July 20th, 2021Committee meeting

Trevor McGowan

Finance committee  Were Department of Finance officials involved in the production of the July 19 release? Yes. We were involved in that.

July 20th, 2021Committee meeting

Trevor McGowan

Finance committee  I don't know about timelines. Miodrag, do you know?

July 20th, 2021Committee meeting

Trevor McGowan

Finance committee  Thank you for mentioning that. It brings me to something I wanted to mention earlier. I forget the question, but there was a suggestion that somehow tax planning using the law of the day could be considered bad behaviour or something like that. Of course, if there are gaps in the

July 20th, 2021Committee meeting

Trevor McGowan