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Public Accounts committee I think that's a bit beyond the bounds of what we were coming here to talk about in the world of charities. I can't comment on a broad question about public funds.
May 11th, 2023Committee meeting
Geoff Trueman
Public Accounts committee Yes, certainly we'd have to look at the facts of any given situation, so it's difficult to provide a hypothetical response to a situation.
May 11th, 2023Committee meeting
Geoff Trueman
Public Accounts committee Thank you. I'm not sure I'd use the word “arbitrary”. I think it would be a calibration with respect to the circumstances. There may be a reason. For example, if a foundation is saving to fund a particular project, they may seek an allowance to accumulate funds over a particular
May 11th, 2023Committee meeting
Geoff Trueman
Public Accounts committee I think, as noted earlier, our general approach is certainly that the receipt should be put in the name of the true donor.
May 11th, 2023Committee meeting
Geoff Trueman
Public Accounts committee It is possible to have a non-resident donor, yes. Generally speaking, the receipt is issued because individuals have an interest in the tax credit or the tax deduction. A non-resident would need to have some sort of taxable income in Canada to benefit from that.
May 11th, 2023Committee meeting
Geoff Trueman
Public Accounts committee I can't provide a commentary on this specific situation. I'm sorry.
May 11th, 2023Committee meeting
Geoff Trueman
Public Accounts committee Again, I'm not able to comment on the specifics in this case.
May 11th, 2023Committee meeting
Geoff Trueman
Public Accounts committee There may be cases of charities being revoked for those reasons. I don't have a specific example for you right now, but this would be part of our overall compliance program.
May 11th, 2023Committee meeting
Geoff Trueman
Public Accounts committee Yes, I could provide an example.
May 11th, 2023Committee meeting
Geoff Trueman
Public Accounts committee Thank you for the question. The disbursement quota is particularly important for foundations and for ensuring that they meet that requirement. On the rules governing this particular provision, a number of calculations are involved in determining the disbursement quota—formerly 3
May 11th, 2023Committee meeting
Geoff Trueman
Public Accounts committee Thank you. Yes, certainly one of the things we would look at is whether there is a persistent or ongoing failure to meet the quota. As discussed, there would be a number of compliance tools available to us. We would generally start with an education letter to the entity and per
May 11th, 2023Committee meeting
Geoff Trueman
Finance committee I've nothing to add, thank you. That's correct.
June 16th, 2020Committee meeting
Geoff Trueman
Finance committee It's intended to return to families more than the cost of the fuel they consume. I'm not sure how many rounds of multipliers that would take into account, so that might be a question better directed to the Department of Finance.
June 16th, 2020Committee meeting
Geoff Trueman
Finance committee I'm happy to take that. To clarify, there certainly was no cherry-picking. Those are the general rates that apply in the provinces to all individuals who qualify. Is every person better off? It would depend on the rate of fuel usage in a family. Circumstances may change, but
June 16th, 2020Committee meeting
Geoff Trueman
Finance committee Thanks for that. Yes, the general working assumption is that the payment to the household—and we use the typical family of four in most of our examples—would be greater than the cost of the fuel charge to them. The way it's structured in each of the jurisdictions, there's a ba
June 16th, 2020Committee meeting
Geoff Trueman