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Finance committee  There are certainly economic consequences. Whenever you have a very complicated income tax system, first of all, you encourage non-compliance, and that could be intentional non-compliance, which of course is the underground economy. We're likely losing millions and millions of do

November 27th, 2007Committee meeting

Bob Harvey

Finance committee  Thank you very much. First and foremost, there were no reductions made for the higher-income earning Canadians, those over $100,000 and up to $200,000 and so on. There is a serious problem in the country of losing these skilled workers to other countries, simply because we don't

November 27th, 2007Committee meeting

Bob Harvey

Finance committee  What we want is for an expert panel to review all of these issues. I will admit that our tax and fiscal policy committee discussed the issues of a drop in GST versus a drop in income taxes and we couldn't reach a consensus. I think that probably reflects the country as a whole.

November 27th, 2007Committee meeting

Bob Harvey

Finance committee  I certainly do. And I'm glad I'm sitting next to Dr. Smith in case my dentures fall out during my answer here. There's no doubt that these various different adjustments and tax credits and rate differentials, depending on the date of purchase of certain assets, all of these thi

November 27th, 2007Committee meeting

Bob Harvey

Finance committee  Absolutely.

November 27th, 2007Committee meeting

Bob Harvey

Finance committee  That is not a good thing from our perspective, nor from the perspective of the average taxpayer across this country.

November 27th, 2007Committee meeting

Bob Harvey

Finance committee  Thank you very much. Again, I'm not an expert on the TILMA. I'm happy to be residing in British Columbia, next door to Alberta, so I have, of course, heard some of the information about this particular agreement. I believe it came into effect four and a half months ago. On a d

November 27th, 2007Committee meeting

Bob Harvey

Finance committee  It needs to be free in both directions.

November 27th, 2007Committee meeting

Bob Harvey

Finance committee  Thank you for the question. In British Columbia, we have a provincial sales tax similar to some of the other provinces. There are no input tax credits, so it is an upfront tax that is an impediment to investment. There is absolutely no doubt about it. Our committee has not spe

November 27th, 2007Committee meeting

Bob Harvey

Finance committee  I would like to request that my assistant, Carole Presseault, who is our vice-president of government and regulatory affairs, address this particular issue.

November 27th, 2007Committee meeting

Bob Harvey

Finance committee  Thank you for the question. I'm not familiar with debt dumping or double dipping specifically, but I can comment that the deductibility of interest and the rules surrounding it are one of the most extremely frustrating issues we have to deal with. We would like to see the expe

November 27th, 2007Committee meeting

Bob Harvey

Finance committee  Thank you very much, and good afternoon, Mr. Chairman and honourable members. Thank you for the opportunity to appear today and to address issues that matter most to Canadians, all built around the theme of prosperity. Our brief contains a four-point plan, which I believe is ava

November 27th, 2007Committee meeting

Bob Harvey