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Finance committee  Under the income tax rule, there's a limit to how much can be deducted for the purchase of a vehicle, which is being increased by this bill to $55,000. But I believe that for these vehicles that are significantly above the threshold, there will still be a limit to $55,000 in term

May 27th, 2019Committee meeting

Maude Lavoie

Finance committee  It's $55,000. I believe you're referring to the point-of-sale rebate for consumers, which is a different measure, but it's the first $55,000, so all the vehicles purchased up to this amount would qualify for the....

May 27th, 2019Committee meeting

Maude Lavoie

Finance committee  We do not at this point, no.

May 27th, 2019Committee meeting

Maude Lavoie

Finance committee  We're not expecting the cost to increase by a lot if we do this. Usually the businesses will be selecting those cars that have higher autonomy, so those cars that have higher battery sizes. We don't have a precise estimate at this point.

May 27th, 2019Committee meeting

Maude Lavoie

Finance committee  Thank you for your question. It is true that vehicles with larger battery capacity will tend to run on electric power over a longer range. However, even vehicles with a smaller battery capacity, whether the kilowatts per hour are 10, 14 or 15, can still run solely on electric po

May 27th, 2019Committee meeting

Maude Lavoie

Finance committee  That is the choice the government made. That is the definition it opted to use. It was initially proposed that the battery threshold size be set at 15 kilowatts per hour to enhance the environmental benefits. I see that a seven kilowatt per hour battery threshold is now being pro

May 27th, 2019Committee meeting

Maude Lavoie

Finance committee  That the renewal be for a longer period than the one-year time frame, which as you were alluding to has been the practice for the past decade or even longer, was a frequent, recurring request from industry. In response to those concerns the government announced a five-year extens

April 29th, 2019Committee meeting

Maude Lavoie

Finance committee  This gets into the policy choices made by the government, so it's difficult for us to comment. Typically measures are introduced on a temporary basis. It's done so that they can be reviewed after a certain time period. In this case, reflecting difficulty accessing capital, this w

April 29th, 2019Committee meeting

Maude Lavoie

Finance committee  This is what it says about that in the definition: must be primarily focused on matters of general interest and reports of current events, including coverage of democratic institutions... That does not mean that the organization can only do that, but rather that that element

April 29th, 2019Committee meeting

Maude Lavoie

Finance committee  An organization that covers municipal affairs could qualify. Things will have to be looked at on a case-by-case basis. That is why an independent entity will have to examine these matters.

April 29th, 2019Committee meeting

Maude Lavoie

Finance committee  The industry was indeed consulted. According to Statistics Canada, the average salary for a Canadian journalist is approximately $45,000. The $55,000 mentioned in the bill takes us above that average salary. In addition the credit does not apply only to reporters' salaries, but

April 29th, 2019Committee meeting

Maude Lavoie

Finance committee  It is indeed the initial $55,000 of employees' salaries that is eligible.

April 29th, 2019Committee meeting

Maude Lavoie

Finance committee  Sometimes regulations are approved. Some are approved now through the BIA process. It will depend ultimately on—

April 29th, 2019Committee meeting

Maude Lavoie

Finance committee  It would be either the government or the cabinet, depending on the process. It could be Parliament, as well.

April 29th, 2019Committee meeting

Maude Lavoie

Finance committee  Perhaps the one thing I would like to add to this conversation is that—

April 29th, 2019Committee meeting

Maude Lavoie