Government Operations committee  There are currently three agreements that apply to government procurement: the WTO Government Procurement Agreement, the NAFTA rules and the Internal Trade Agreement. In all of these agreements, the non-discrimination obligations relating to products used by the Canadian governm

Finance committee  It would be up to the Canada Revenue Agency to determine exactly which mechanism would be used and where on the actual tax return taxpayers would be requesting that credit, once the law is in effect. I don't think the bill should be setting out the specific conditions under which

Finance committee  On page 16 of the English version of the paper prepared by the Parliamentary Budget Officer, who analyzed this bill, it clearly states, with respect to this credit, that 40% of earnings from qualifying employment could be claimed. So, we are talking about $3,000, or a maximum of

Finance committee  It is clear that it is a non-refundable credit. That has been confirmed by legal experts.

Finance committee  It may be the case in English, but in French, we generally use the same term, it's like the words “taxe” and “impôts”.

Finance committee  Would you like me to give an example to all the committee, or do you want to do it?

Finance committee  Mr. Wallace, I got a little lost in the translation earlier, and I would like to go back to the example we were discussing. For a gross salary of $30,000, the federal tax bill would be approximately $4,000. The tax credit is equal to 40% of total earnings—$12,000 in this example—

Finance committee  Exactly. The amount of tax payable would be $1,000, in that case. Is that clear, Mr. Wallace?

Finance committee  Is that clear, Mr. Wallace?

Finance committee  Unlike some other Committee members, members of the Bloc Québécois believe there should be full population coverage and that it is important that there be quality jobs available in the regions. It is important to understand that a company operating in a remote area faces higher

Finance committee  The criteria are the same in Quebec. One point that should be made about this tax credit is that, when it was introduced in Quebec, it was refundable. Therefore, you were not required to pay taxes in order to be eligible, which resulted in exploding costs. The government of Quebe

Finance committee  Because the annual maximum is $3,000, we are not talking about large sums of money being paid out that have been accumulated over time. The bill clearly states that the maximum is $3,000 a year. So, if someone has been studying for three years, and has only one year of eligibilit

Finance committee  Actually, it is quite simple. If someone earns $30,000, he can deduct $3,000 from his federal tax payable the first year, $3,000 the second year, and $2,000 the third year.

Finance committee  It's off gross salary.

Finance committee  That is correct.