Finance committee  They would need to satisfy themselves that the U.S. explanation as to why they were requesting the information was cogent. Yes, I think that's right.

Finance committee  Is your question, again, about what they've been doing for the past 50 years?

Finance committee  I don't believe so. As I say, it's been going on for a long time.

Finance committee  Is your question about taxation or is your question about the reporting of the account?

Finance committee  For a joint account, do we know if the full amount is possible?

Finance committee  That isn't the plan. Our general practice with consultation on potential action items is that we'll say that we'll be asking for permission to post them if people are willing to allow that. If they do, it's posted on our Finance website. We generally don't do that with draft legi

Finance committee  No, it applies to the dual citizens if you're talking about the terms of the report under the intergovernmental agreement.

Finance committee  I'm saying that the intergovernmental agreement exempts those accounts from reporting—

Finance committee  Yes, the banks are the only ones—well, financial institutions more generally are the ones with the potential obligation to report, and they don't have an obligation to report registered accounts such as the ones you've listed.

Finance committee  A dual citizen who is a U.S. citizen under one of their—

Finance committee  As I say, they've had for a long time already an obligation to comply with U.S. tax law. If that's a taxable item under U.S. tax law, they'd be required to report it.

Finance committee  Not the contributions per se—

Finance committee  My understanding of the question that you raised the last time on grants, particularly from the government, is that under the Canadian tax system those are taxable if and when the grants are paid out to the beneficiary. As I mentioned the last time, from our discussions with the

Finance committee  I would describe it as a tax treaty. It's an agreement in relation to an exchange of information, but I think that falls under the heading of treaty, yes.

Finance committee  I would say generally not in terms of a numerical assessment of number of taxpayers affected. When there's a change in the treaty policy, for example, a change in withholding tax rates, that Canada might be willing to offer in most or all of its negotiations, that's something tha