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Finance committee I guess I would start with the fact that it should be driven by the mandate. Then you would consider who would be involved. I think the mandate, to echo what Kim said, should be comprehensive and broadly based. It should deal with income. It should deal with expenditures. We're l
May 1st, 2018Committee meeting
Ian Russell
Finance committee I just wanted to pick up on that comment. I think that, if you just leave it vague and rather open-ended, there's an uncertainty not only for the taxpayer or the tax-filer but also for the administrator of the tax system. This will take a long time to sort out, and the precedents
May 1st, 2018Committee meeting
Ian Russell
Finance committee It should be higher. As the previous questioner talked about in terms of whether it should be higher or lower, it seems that the $50,000 translates to about $1 million at a return of 5%. For a lot of people, if they're relying on that for retirement, $1 million is still a small n
May 1st, 2018Committee meeting
Ian Russell
Finance committee Yes, I would say we haven't talked about the larger private businesses. To your point, though, I think the tax we end up with, on savings, as you put it, or passive investment, for taking that money out is quite punitive. It is a 75% rate. The argument is the tax deferral argumen
May 1st, 2018Committee meeting
Ian Russell