Finance committee  With regard to part 1 and the grocery rebate amendments, it's correct that the same amendments in this bill as are in Bill C-46. If both bills were to pass, it wouldn't double the amount of the credit. The amendments do the same thing. They would be effectively redundant. I can't speak to part 4, but typically there are coordinating amendments in legislation that address a scenario where you have legislation in two different bills that would impact the provisions in the other bill.

Finance committee  I think that is in part 4.

Finance committee  I don't have that information.

Finance committee  Yes.

Finance committee  Sure, I'll respond to that question. There are a number of changes in the bill. They relate to the Income Tax Act as well as to other tax statutes. There are different purposes for different changes. A number of them are to facilitate the ability for Canadians to file their taxes and to communicate with the CRA electronically, so, for example, there are changes to requirements for hand signatures.

Finance committee  Yes. There's nothing that would prevent an individual from filing their tax return on paper. If they do that, then the following year they'll be sent the information required to continue to file on paper and they'll get their notice of assessment on paper.

Finance committee  I think there are different options for how that payment could be done.

Finance committee  It does have to be made electronically, yes. I'm sorry. It's whether they can do it through their bank or online. I think the CRA would provide guidance to people. I can't speak to their practices, but I assume if there were some reason why it wasn't possible for a payment to be made, they would potentially work with someone to find a solution.

Finance committee  I can answer that, Mr. Chair. As noted, there was a consultation on the general anti-avoidance rule that launched on August 9 and ended on September 30. It was a general consultation that was designed to look at all aspects of the GAAR and how it could be strengthened and modernized.

Finance committee  That's correct. There are certain exceptions for life circumstances. If the sale occurs as a result, for example, of a death or disability, birth of a child, a new job, divorce, or certain other exceptions tied to personal safety, or destruction of the property, then those are situations where this rule would not apply.

Finance committee  No, they can't. The legislation provides that the rule only applies if there's a gain. There's a specific rule that says that no loss can be deducted as a result of this rule.

Finance committee  If someone is in a position where they are carrying on a business, if they are already flipping properties, then, under general principles, they would be able to deduct their loss. This rule is really intended to address the concern that when people realized a gain they would take the position that they were not flipping properties and would not pay tax on their gain.

Finance committee  Yes, we can take the questions back.

Finance committee  Yes, we can see what we can provide. I don't have that information.

Finance committee  Pierre, do you want to answer that?