Public Accounts committee  The wage subsidy was supported and wages were paid by employers on a period-by-period basis when employers could demonstrate that they'd suffered a reduction in revenue. I think we will do an evaluation to examine the extent to which the program might be subject to it.

Public Accounts committee  Perhaps, Madam Chair, I can take that question. We did look across at various different models. There were very different experiences and different contexts and different objectives and programs that changed, and so on. We tried to be informed by all of those to come up with a m

Public Accounts committee  We will conduct an analysis, Madam Chair, as comprehensive as possible with the data to see how well the program met its objective of supporting employment during the pandemic.

Public Accounts committee  I think it's difficult to describe the circumstances. I think many people were going through a difficult time at that point. I suspect that one of the challenges always faced by businesses and governments in circumstances like that is really a lack of foresight. You can't reall

Public Accounts committee  In response to the question, I think the reference is to the penalty that was included in the original legislation. There was a penalty provided under the CEWS for businesses that artificially manipulated their revenues to qualify for a subsidy. As—

Public Accounts committee  Madam Chair, perhaps I can respond to that. As I said, in the very initial phases of the pandemic, there was a 10% wage subsidy in place applying to small business. As the situation significantly increased, the wage subsidy was expanded into what is now the Canada emergency wage

Public Accounts committee  Madam Chair, perhaps I can take this one. I believe this document is a comparison at a point in time of the wage subsidies in place in various jurisdictions. As I think the committee will recall, there was a predecessor to the Canada emergency wage subsidy, the temporary wage su

Finance committee  Yes, Mr. Chair. The proposal in the budget is a proposal for consultation, but it's a consultation on a new national 1% tax on the value of non-Canadian-owned residential real estate in Canada. The proposal is that it would apply subject to certain exceptions, and that it would

Finance committee  I'm not aware of specific analysis on that, but certainly the experience has been that in certain parts of the country that, at the margin, there's been a sense that participation in the markets by non-resident owners has had an effect on house prices.

Finance committee  I guess I'm struggling a little to respond to the question. The hiring program is specifically designed to support recovering businesses. It runs off the same kinds of revenue comparisons as the wage subsidy, which have flexibility inherent in them by way of a reference period to

Finance committee  Mr. Chair, I guess I'd respond by saying that these programs of broad application have to have common and easily administrable parameters. In this respect, I'm not aware of the specific points raised by the Tourism Industry Association, but the program is designed to be widely av

Finance committee  In a sense, Mr. Chair, that is what I'm saying. If you think about that analogy, a Canadian exporter who exported, for example, an agricultural product to China would not be subject to tax in respect of that economic activity in Canada unless they had a physical presence in the d

Finance committee  Thank you for the question, Mr. Chair. I always step gingerly at this committee. I can't really answer the question, because I'm not sure how to apply a percentage to what. What I can say is that the scope of this proposed tax is very similar to the scope of equivalent taxes in

Finance committee  As I explained in my earlier response, the proposed tax will apply on certain revenues associated with value creation in Canada. That value creation typically comes from the monetization of user data in Canada, in such a respect the proposed tax is really quite similar to those i

Finance committee  It's correct that for the proposed hiring program one of the criteria is that the employer has suffered a revenue decline. That is correct. Essentially, the program is focused on recovery from the pandemic and provides an alternative calculation to the wage subsidy. The proposal