Finance committee  The changes in budget 2014 expand the types of equipment that are eligible for this tax incentive to include water current energy equipment, essentially equipment that can be used to generate electricity through a turbine being placed in moving water, such as a river, without the

Finance committee  The due diligence procedures have different requirements for pre-existing versus new accounts. Under the agreement for new accounts, financial institutions are supposed to begin implementing those procedures starting in July of this year, and they should be doing those procedures

Finance committee  The promise of reciprocity from the United States in the agreement is to pursue equivalent levels of information exchange. It doesn't mean identical, and since we don't tax on the basis of citizenship, we wouldn't be interested in getting information on non-resident and Canadian

Finance committee  In the case of a joint account, the full value of the account would be reported for the person who is subject to reporting. The personal information would relate only to the person who is identified as a U.S. person.

Finance committee  I'll just add that part of the FATCA withholding that could have potentially applied to a Canadian financial institution, let's say with U.S. subsidiaries, is that any remittances from the U.S. to Canada associated with those subsidiaries could have been subject to the 30% withho

Finance committee  Thank you.