Public Accounts committee  I'm happy to respond to that one, Mr. Albas. To recap some of the material that I think has already been covered today, in order to respond very directly to the comments in the Auditor General's report, we will be adding those two additional years of cost projections. What that

Finance committee  It would be beyond my scope of competence to comment on that. I don't have the detailed knowledge of where the CRA directs its audit resources at that detailed level.

Finance committee  Up around $200 billion would be close.

Finance committee  I don't want to speak on behalf of the CRA this afternoon, but it's fair to say that the CRA certainly employs its audit resources in a comprehensive manner. You have drawn the distinction between international and domestic activities, for example. The CRA would clearly look at b

Finance committee  Right.

Finance committee  I'm happy to respond to that for you. I have an answer prepared, so let me refer to that. It won't be fully phased out until 2021. It becomes more difficult to project the revenue gained that will be realized. The cost of the accelerated allowance will obviously vary considerabl

Finance committee  To take those in turn, certainly on a neutrality enhancing measure such as this it would be uncommon to consult with industry ahead of time. There were no consultations with the credit union industry ahead of time. In terms of community involvement, that would be something credit

Finance committee  Sure. We certainly do our utmost to ensure the accuracy of our legislation. This was an unfortunate error that did occur. Perhaps it's a complex provision to work through. We do apologize for that error. I would note that this bill will correct it, so there should not be any diff

Finance committee  Every year the department examines a number of options for changes to tax policy. I couldn't pinpoint where this one would come from, in particular, but it certainly falls within the theme of greater neutrality in the tax system.

Finance committee  Thank you, Ms. Nash. I'm happy to take that question. For us the measure is really about the neutrality in the tax system. Credit unions had access to the small business rate on a basis that was not consistent with other small businesses in Canada. Credit unions prior to the pro

Finance committee  I think it's fair to say that when you look at these provisions, they have both grandfathering and transition, the grandfathering so that projects already under way continue to receive the tax treatment, and then the transition over a fairly lengthy period so that the effect is p

Finance committee  As I say, I think the key thing to look at in these measures is the fact that with the grandfathering and the transition, they will take place slowly over time. The idea is to provide greater neutrality in the corporate tax system and to have investment decisions made in the mi

Finance committee  As noted, the idea behind measures being put in place to improve neutrality in the tax system is essentially to put the mining industry on an equal footing with other industries. Doing that involves removing some long-standing preferences in the tax system regarding the capital c

Finance committee  That refers to the changes we're making with respect to class 43.2. Class 43.2 provides an accelerated capital cost allowance for certain assets that are acquired for clean energy generation. Two changes are included in Bill C-4. First of all, there is biogas production equip

Finance committee  I couldn't give you a specific number of mining companies in any particular taxation year; their attributes may change from taxable to non-taxable. The measures with respect to accelerated capital cost allowance, though, and the change to the classification of pre-production woul