Refine by MP, party, committee, province, or result type.

Results 61-75 of 147
Sorted by relevance | Sort by date: newest first / oldest first

Public Accounts committee  Again, Mr. Chair—

May 3rd, 2022Committee meeting

Michael Sabia

Public Accounts committee  I'm sure that members will understand that we're not in a position to comment on a specific company—

May 3rd, 2022Committee meeting

Michael Sabia

Public Accounts committee  —a specific event or a specific set of circumstances. I do think it's important to stand back. The basic objective of that program was to rapidly deliver financial assistance to maintain the working relationship between a company and its employees. If, in a circumstance where there have been lockouts etc., again, I can't comment on specifics.

May 3rd, 2022Committee meeting

Michael Sabia

Public Accounts committee  We are in the process of checking those amounts, together with our colleagues from the Canada Revenue Agency and other federal departments. I cannot give you any exact figures right now. We recognize that, given the scope of the financial and human crisis caused by the pandemic, the government's priority was to act very quickly, and rightly so in my opinion.

May 3rd, 2022Committee meeting

Michael Sabia

Public Accounts committee  I cannot give you a specific timeframe. We are working with our colleagues as quickly as possible. We are well aware of how important an issue this is. As to your second question, I do not want to speculate right now on the order of magnitude. We have some work to do.

May 3rd, 2022Committee meeting

Michael Sabia

Public Accounts committee  The answer to that question is pretty straightforward. Based on the International Monetary Fund's comparisons that they do across countries, Canada—on a debt-to-GDP basis—has the most favourable debt-to-GDP ratio of any country in the G7. It's a similar story of strength on the deficit, as well.

May 3rd, 2022Committee meeting

Michael Sabia

Public Accounts committee  Mr. Chair, by and large, those transfers have been used and, in effect, consumed substantially by all of the provinces, whether they were transfers to support the health care system in provinces or whether they were designed to facilitate the reopening of schools. There were a variety of different measures that the government took at the time.

May 3rd, 2022Committee meeting

Michael Sabia

Public Accounts committee  As a result of substantially improving the deficit track that the government laid out both in the past and certainly in the most recent budget, the financial requirements of the Government of Canada are declining. As a result of that, needless to say, our debt management strategy reflects that because we need to borrow less.

May 3rd, 2022Committee meeting

Michael Sabia

Public Accounts committee  Madam Chair, before you adjourn, could I just make one comment?

June 8th, 2021Committee meeting

Michael Sabia

Public Accounts committee  Thank you. Madam Chair, I just want to return to Mr. Lawrence's comment with respect to the timing of the delivery of documents. I think that's a reasonable comment on his part, but I also want to assure members of the committee that there are literally thousands of pages here and that translation takes a significant amount of time.

June 8th, 2021Committee meeting

Michael Sabia

Public Accounts committee  First let me pick up on Bob's comment with respect to digitization. I think there is a consensus across the government about the importance of pressing ahead and indeed accelerating what the government's doing on digitization. There is a substantial amount of investment in the recent budget for precisely that purpose and to assist the Canada Revenue Agency in what they're doing so that Canadians can interact with the Canada Revenue Agency on a more efficient and purely digital basis.

June 8th, 2021Committee meeting

Michael Sabia

Public Accounts committee  —and should be a part of the kind of analysis that we would otherwise always do.

June 8th, 2021Committee meeting

Michael Sabia

Public Accounts committee  Through you, Madam Chair, Mr. Green, you're asking us to speculate at this point, which is difficult for us to do. Certainly, in a report of that kind, we will be, as I think is appropriate and as I think you would acknowledge, careful with respect to either individual specific information—

June 8th, 2021Committee meeting

Michael Sabia

Public Accounts committee  Madam Chair, through you, I think those three categories that Mr. Green has just identified are quite reasonable—

June 8th, 2021Committee meeting

Michael Sabia

Public Accounts committee  Madam Chair, I wasn't new at that point—

June 8th, 2021Committee meeting

Michael Sabia