International Trade committee  Perhaps I can help. If the pagination in the version before members of this committee is the same as mine--that is, the bill as passed by the Senate--page 21 in annex 2 has schedule II, schedule VI. What this doing in clause 4 is seeking approval to add schedule VI to the Canada

International Trade committee  You're correct, there hasn't been. As I said, the only item that has been specifically costed is the elimination of interest, of the withholding of tax on arm's-length and non-arm's-length interest. You're also right, though, that there are other measures that will help taxpayers

International Trade committee  As I said earlier, as a general matter, the tax changes or the effects of changes or of signing of new tax treaties is not generally costed as an independent matter. When there's a change in our treaty policy that has a material fiscal implication, it is costed. That was the case

International Trade committee  Thank you, Chair. I doubted that I had standing during the debate on a motion, but I wanted to make the point that we did provide the numbers. They're part of the 2007 budget plan. I've given them here today. The honourable member apparently isn't satisfied and would like them

International Trade committee  I can only repeat my previous answer. I will undertake to see if that is something we can provide to the committee.

International Trade committee  First of all, I don't think we necessarily regard a tax cut as being a negative repercussion. Reducing the taxes by $180 million means there's $180 million more in incentives to invest in Canada, because there's less tax applying to the investment. You've raised a very percepti

International Trade committee  That would be a fair assumption, except for one important fact, which is that the numbers are a combination of withholding tax for both arm's-length and non-arm's-length payments. The treaty proposed--and the budget contemplated that the treaty would propose--that the withholdi

International Trade committee  That's right. Because of the exemptions already in place, less money is collected in respect of withholding tax on arm's-length payments than on non-arm's-length payments.

International Trade committee  Those numbers have not been published, but I can undertake to see if we can provide them.

International Trade committee  I would say so, yes.

International Trade committee  I'm sorry; do you mean for an individual year, or in the total?

International Trade committee  Again, I don't have those numbers with me today. I believe estimates have been made; I don't believe they've been public. I can undertake to see if we can provide them.

International Trade committee  Yes, I agree with that, but they would be used instead of something else. That is, if an American investor wanted to invest in Canada, knowing that the LLC was the ideal way to make that investment because of its flexibility for U.S. tax and commercial purposes, the problem they

International Trade committee  It has not been the subject of a revenue estimate, but I think I can confidently speak to it nonetheless. I would suggest that the revenue cost is not that significant, because in the main people were not using LLCs because of the problems that arose under the Canada-U.S. treaty

International Trade committee  Forgive me, I thought you'd asked two questions and I'd answered the first. With respect to the costing, the fiscal impact, we don't generally cost the effects of our tax treaties, but in announcing a change to our income tax treaty policy in this year's budget, we included cost