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Finance committee Well, as I said, getting back to the—
July 20th, 2021Committee meeting
Trevor McGowan
Finance committee —approval process for the press release, it followed the normal federal communications policy, which involved a number of groups or branches within the Department of Finance working on the press release, so—
July 20th, 2021Committee meeting
Trevor McGowan
Finance committee Thank you. I just want it to be clear that in terms of the press release, we're being clear on specifically what it did. In terms of who made the decision, the press release stated that the “government” proposes to introduce legislation. That is a reference to the elected Gove
July 20th, 2021Committee meeting
Trevor McGowan
Finance committee That is correct.
July 20th, 2021Committee meeting
Trevor McGowan
Finance committee As was stated, my colleague Shawn Porter and I appeared before the House finance committee and the Senate committee on agriculture to discuss Bill C-208 and provide comments on the technical aspects of the bill. During that time, we provided technical commentary and analysis in r
July 20th, 2021Committee meeting
Trevor McGowan
Finance committee As I understood it, the purpose of my appearance before the House finance committee was to provide information and analysis on the technical aspects of the bill so that members of the committee had the appropriate information to make decisions.
July 20th, 2021Committee meeting
Trevor McGowan
Finance committee Kevin or Stephanie, do you have anything on pillar two? Kevin.
June 10th, 2021Committee meeting
Trevor McGowan
Finance committee I apologize; I don't recall the first year that it appeared on the tax forms.
June 10th, 2021Committee meeting
Trevor McGowan
Finance committee I didn't know the answer to where that specific proposal came from.
June 10th, 2021Committee meeting
Trevor McGowan
Finance committee I can look into it. I don't know where the information might lie, but I can look into it.
June 10th, 2021Committee meeting
Trevor McGowan
Finance committee I would need to take that away and ask some of my economist colleagues. I'm not sure, on the legislative side, if that's been done. I would need to check with my colleagues to see if Department of Finance officials have participated in that study.
June 10th, 2021Committee meeting
Trevor McGowan
Finance committee For when there has been a sale of a principal residence?
June 10th, 2021Committee meeting
Trevor McGowan
Finance committee A sale of a principal residence exemption essentially provides that any capital gains on the sale of the principal are tax-free. That, for many Canadians, can be one of the biggest investments that they have. It is also a significant tax expenditure. It is something that hadn't b
June 10th, 2021Committee meeting
Trevor McGowan
Finance committee I was going to pick up on my friend Alex's suggestion that Finance could provide information on some of the tax integrity proposals in budget 2021 if the committee wanted.
June 10th, 2021Committee meeting
Trevor McGowan
Finance committee Thank you very much for the question. I'd probably put the budget proposals into a couple of different categories that help tax evasion and aggressive tax avoidance. The first is informational, making sure that the Canada Revenue Agency and the tax authorities have the informati
June 10th, 2021Committee meeting
Trevor McGowan