Finance committee  It is for several years, certainly, and in a few cases as long as 10 years.

Finance committee  In 2007 the government announced a policy of seeking to enter into tax information exchange agreements particularly with countries that Canada did not have a tax treaty with, typically low-tax or no-tax jurisdictions. Part of that policy included incentives to enter into such an

Finance committee  In fact Canada has recently entered into...I always forget the name, but the Multilateral Convention on Mutual Administration Assistance in Tax Matters. This is a multilateral agreement with many countries, and all countries participating in it will be able to exchange informatio

Finance committee  The existing income tax rules have two relevant rules related to interest payments. One regime is called the thin capitalization regime. That restricts the deduction of interest, by corporations typically, in circumstances where their debt to equity ratio is too high. The assum

Finance committee  It should certainly make it easier for Canada and the Canada Revenue Agency in particular to obtain relevant tax information from foreign countries, so this measure is a small aspect of that policy.

Finance committee  I apologize. I do not have that information today, but I will follow up with Canada Revenue Agency officials.

Finance committee  Are you asking why this measure was not included in the first budget implementation act?

Finance committee  The only significant difference is that the public policy test that generated quite a lot of controversy and commentary at the time of Bill C-10 is not part of these measures.

Finance committee  No, that's not part of these measures,

Finance committee  Budget 2014 projects the fiscal impact for the captive insurance measure to be approximately $250 million per year for a total of $1.015 billion per year over the planning horizon. If you'd like, I could describe the type of transactions targeted.

Finance committee  Yes, from 2015-16 to 2018-19 is the projection. Briefly the existing tax policy under the Income Tax Act is to tax Canadian corporations on income earned in offshore jurisdictions where that income comes from property: passive sources. An existing tax rule treated income from th

Finance committee  Back-to-back loan transactions are undertaken almost exclusively in the corporate context. We're talking about a relatively small number of taxpayers in the corporate sphere, typically taxpayers with...multinational, enterprise-type taxpayers. There is not a revenue estimate prep

Finance committee  I am sorry, but I did not quite understand your question. I didn't, in fact, hear either of them very well. The question related to the farming and fishing measure. I caught that much. Thank you. My colleague has clarified the questions somewhat. The farming and fishing measur

Finance committee  Yes, it affects a very small number of taxpayers.

Finance committee  Once again, I did not quite understand what you said. Yes, the properties could be sold separately. Yes, you're correct.