Finance committee  Mr. Chair, for clarification, the escalator that's going to be used for the CHT is going to be exactly the same one that's used in the equalization program, so a three-year moving average of nominal GDP.

Finance committee  Thank you. My understanding is that the government took the decision to limit the escalator last year, but this year all we're doing is confirming the mechanism and how the escalator is going to be calculated.

Finance committee  Exactly.

Finance committee  There's no interaction at all with the changes that were made to the equalization program. If you are referring to the changes that were effective in 2009-10, there's no interaction.

Finance committee  There's no interaction between the equalization changes and the cash transfer of the CHT, no.

Finance committee  The answer to this question is a bit complex. You're getting into the nuts and bolts of how the CHT is actually calculated. Part of the CHT calculation, as you're rightly pointing out, deals with the tax point transfer. But the tax point transfer, the equalization system, also ta

Finance committee  It was a one-time adjustment. It was only for 2009-10 and 2010-11 that an additional payment was set out under the act.

Finance committee  Any of the remitted profits from Hydro One will be part of the business income tax base.

Finance committee  The policy is, the entire amount of remitted profits of a crown corporation engaged in hydroelectricity generation is taken into account on the natural resource basis, and Hydro-Québec is a corporation engaged in hydroelectricity generation.

Finance committee  I said at the last meeting that if Hydro-Québec were split into separate companies, the policy says that the remitted profits, in their entirety, of a crown corporation, if it's engaged in hydroelectricity generation, is part of the natural resource basis. So if Hydro-Québec spli

Finance committee  Let me first reiterate what I said about the $250 million. I said the $250 million was the estimate that was put forward by the Province of Quebec. I'm familiar with the $250 million that was put forward into the budget document. That $250 million has been calculated only on the

Finance committee  I can't confirm that with any certainty, but I would imagine they have, because they were provided with these amounts back at the meeting of finance ministers in Whitehorse, so any provincial budget that has happened since that time would have taken these payments into account.

Finance committee  Yes.

Finance committee  They're accurate.

Finance committee  No. I said BC Transmission.