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Finance committee  In terms of additional, there is no change, so it would be around 50%.

April 24th, 2018Committee meeting

Maude Lavoie

April 24th, 2018Committee meeting

Maude Lavoie

Finance committee  The tax rate will go from 9% to 15%, so 6% additional on those $5, so 30ยข.

April 24th, 2018Committee meeting

Maude Lavoie

Finance committee  The objective of the small business deduction is to leave more after-tax income within businesses so more money is available for businesses to reinvest in their business. Overall, about 750,000 businesses each year claim the small business deduction.

April 24th, 2018Committee meeting

Maude Lavoie

Finance committee  There are certain types of equipment that would make efficient use of energy, and conserving energy in terms of heat that would generated out of a system that could then be reused for certain useful purposes. I'm not an engineer, but it's in terms of how the equipment can reuse

April 24th, 2018Committee meeting

Maude Lavoie

Finance committee  It's a bit difficult to talk about the government's motivation over time to make the credit temporary. The mineral exploration tax credit was first introduced in 2000, and was extended by governments since then on a temporary basis. The use of a temporary measure allows for an on

April 24th, 2018Committee meeting

Maude Lavoie

Finance committee  Yes, that information about the economy more generally and the mining sector, the commodity prices, and so on.

April 24th, 2018Committee meeting

Maude Lavoie

Finance committee  Under the proposed rule, the eligibility for the small business deduction will start to be reduced once a CCPC earns $50,000 of passive investment income, and it will be gradually reduced until it reaches $150,000 of passive income, at which point the eligibility for the small bu

April 24th, 2018Committee meeting

Maude Lavoie

Finance committee  About 3% of corporations that are claiming the small business deduction would be impacted by the proposed change.

April 24th, 2018Committee meeting

Maude Lavoie

Finance committee  For this specific measure, yes, it's about 3% of about 750,000 firms that are claiming the small business deduction.

April 24th, 2018Committee meeting

Maude Lavoie