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Government Operations committee  Thank you, sir. That was a very well-run meeting.

August 13th, 2020Committee meeting

Kate Bahen

Government Operations committee  It's nothing like the finance committee. Don't worry. You guys are well behaved.

August 13th, 2020Committee meeting

Kate Bahen

Government Operations committee  Don't.... Feel free to call me with follow-ups.

August 13th, 2020Committee meeting

Kate Bahen

Government Operations committee  And the cabinet didn't know about it.

August 13th, 2020Committee meeting

Kate Bahen

Government Operations committee  I think what was more interesting on this was listening to Michelle Douglas's testimony. The board had actually said no to setting up the foundation, yet when you look at the registration date, it was established on January 1, 2019. The board was not even aware of it and had not

August 13th, 2020Committee meeting

Kate Bahen

Government Operations committee  Over the last 15 years.... Foundations—community foundations, private foundations—have their assets, and these have already been tax receipted. With the stock market gains over the last 15 years, these assets have been able to grow in excess of 8% each year. Of that growth of 8%

August 13th, 2020Committee meeting

Kate Bahen

Government Operations committee  There's a band of renegades who've just been looking at this and thinking this is insanity. Canada has the lowest disbursement quota in the world. People always say they need to save up money for a rainy day; we're looking out the window and it's pouring, and still they're not di

August 13th, 2020Committee meeting

Kate Bahen

Government Operations committee  I haven't done anything, no.

August 13th, 2020Committee meeting

Kate Bahen

August 13th, 2020Committee meeting

Kate Bahen

Government Operations committee  I would just add that the impact numbers are being updated. There has been new information disclosed about some of its impact, which came in literally two hours ago.

August 13th, 2020Committee meeting

Kate Bahen

August 13th, 2020Committee meeting

Kate Bahen

Government Operations committee  No. It literally just hit the desk.

August 13th, 2020Committee meeting

Kate Bahen

Government Operations committee  Special-purpose entities have been used in corporations and in real estate. I have never seen them used to anything like this extent in charities. Unfortunately, with the state of affairs right now, I do believe that fact-checking is really important. I know that as humans we def

August 13th, 2020Committee meeting

Kate Bahen

Government Operations committee  Maybe I'm more terrified about the defamation suits down the road. I think we need to be very careful and very precise in the language we use and what we have reported and what we have not commented on.

August 13th, 2020Committee meeting

Kate Bahen

Government Operations committee  I'm going to let Greg take a turn now.

August 13th, 2020Committee meeting

Kate Bahen