Finance committee  It is similar to what Mr. Spiro said: these arrangements as written in legislation often capture normal commercial transactions as opposed to capturing transactions where a real disposition is disguised as not being one. There are transactions that can fit in that are not disposi

Finance committee  First, I would tell you that I think Canada is actually doing on its own, unilaterally, a very good job. We have a general anti-avoidance rule, and you see the rules that are introduced in Bill C-4. I think the issue on an international basis is the ability of these different cou

Finance committee  In the joint committee, we made a submission on these concerns. I can bring them to the committee's attention if you would like to read the joint—

Finance committee  In general terms, we're supportive of the changes and the new form that's come out. The form T1135 implements that. The three-year time period is important, to give the government more time to track down the people who are not complying. I think our only concern with the rules is

Finance committee  I think our only concern here is to make sure they are dealing with the people who are the problem and not with the ones who are trying to comply.

Finance committee  No, I don't have any statistical information on that.

Finance committee  Thank you, Mr. Chairman and committee members, for inviting the Chartered Professional Accountants of Canada to comment on Bill C-4, which implements certain measures from the 2013 budget. I'm pleased to be with you via video conference this afternoon. In my role as vice-preside