Finance committee  I'll let my CRA colleague make some comments. The consideration of what's reasonable in the circumstances is a test that we often use in the Income Tax Act. Basically, it requires an objective analysis. As I indicated with respect to what is a purpose of the gift itself, the CR

Finance committee  In terms of the way this measure works, just to clarify, this measure is with respect to gifts given by a registered charity or an RCAAA to a qualified donee. It doesn't apply in the context of a donation made by an individual or a corporation to a charity in the first instance.

Finance committee  Sorry, you're referring to the changes that are set out in part 1 of the budget implementation act. In the actual budget materials at the start of the supplementaries, there's an outline of the cost of the various measures. If you'd like, I can just mention them. In terms of th

Finance committee  The budget does have some measures that potentially impact the oil and gas sector; however, they are not included in this budget implementation act.

Finance committee  The budget has one measure with respect to the Atlantic investment tax credit and whether oil and gas and mining activities are eligible for that tax credit. The eligibility for that particular tax credit is proposed in the budget to be phased out.

Finance committee  I'm not familiar with what particular subsidies or amounts you are referring to.

Finance committee  The term “national interest” is not defined in the Income Tax Act. Certainly CRA, at least in the initial instance, in conjunction with the Department of Finance, will develop administrative guidelines as to what it is—

Finance committee  There is no present intention to put a specific definition of “national interest” in the Income Tax Act.

Finance committee  It is potentially wide-scoped and--

Finance committee  Ultimately, yes, it will be defined by the courts. Our expectation right now is that “national interest” will denote a connection to Canada in some way.

Finance committee  The mineral exploration tax credit that was alluded to yesterday has a long history. It was initially introduced in 2000 as a temporary measure. I think back in 2003 or 2004 it was extended on an annual basis. It lapsed for a short period in 2006 and has been extended annually ea

Finance committee  The measures contained in part 1 of this bill will make no changes to the reporting requirements. That's because the reporting requirements are set by the CRA, in terms of what has to be included in the annual information return. Perhaps my CRA colleague can make a few comments

Finance committee  We were referring to an actual gift from the Government of Canada, which is separate from the taxability or the ability to get a charitable donation receipt. Currently, under the Income Tax Act, once a foreign charitable organization has received an actual gift from the Governm

Finance committee  Currently, under the Income Tax Act, when a registered charity makes a gift to another qualified donee, it is deemed to have been made for its own charitable purposes. What the bill does is leave the existing rules, which I think you've alluded to with respect to political activi

Finance committee  The CRA may have some questions. In terms of the way we've crafted the legislation, it talks about the purpose of a gift. It was specifically drafted in a way that was meant to look objectively at the circumstances related to the making of the gift in the first place. It was no