Environment committee  The encouragement comes from what we call the price signal. If you look at the approach that is taken here—first the fuel charge, and also the OBPS regime—it will change the relative price of goods and services. These approaches will make goods and services with greater carbon co

Environment committee  Just to be clear, are you talking about the climate action incentive payment?

Environment committee  That incentive payment will apply in specific provinces. It will actually not apply in B.C. and Alberta. It's going to apply in Ontario, Saskatchewan, Manitoba and New Brunswick.

Environment committee  It's going to apply in provinces where the federal backstop will apply and where revenues are not otherwise directly reimbursed to the government of that province, which means, as I said, Ontario, Saskatchewan, Manitoba and New Brunswick.

Environment committee  In a way, you can see that landscape as being composed of three different scenarios, if you will. You can have the province deciding to have its own system, in which case they're going to directly collect the revenues of that regime and make their own decisions as to how best t

Environment committee  The GST applies on the final price at the pump. That's a fact. That doesn't mean that all of the fuel charge will bear GST. There are situations where some of that may be reflected in the price of groceries, for instance. Groceries are a zero-rated product for GST purposes. It

Environment committee  The price will go up. However, through the climate action incentive payment, particularly if they are low-income, it's very likely that they may receive more from that payment than what the fuel charge will cost them, even including GST.

Environment committee  I think you're raising two things here: the 10% as well as the boundaries. Why CMA? CMA is a useful tool to the extent that there's a clear definition determined by Statistics Canada. That's the advantage of using that. As I said, the 10% has been determined as being an appropr

Environment committee  Thank you for the question. Before addressing your question directly, I think it's important to understand the general approach with respect to the climate action incentive payment. That payment will go to all qualifying or eligible individuals in relevant provinces—that is, i

Environment committee  Thank you, Mr. Chair. Thank you, committee members. I'll say a few words regarding the proposal in Bill C-86 on the climate action incentive payment. My colleague Pierre Mercille will then say a few words about the proposal with respect to GST on emission allowances. Bill C-86

Finance committee  So your question is with respect to the changes proposed with respect to financial institutions?

Finance committee  So you are referring to the additional funding provided to the CRA to better enforce the tax regime and the portion coming from...?

Finance committee  I just wanted to make sure I properly understood your question. There are different aspects here. We've made in this budget a few changes to the Income Tax Act to ensure that financial institutions, banks, pay their fair share. It's basically to ensure that some of the strategi