Finance committee  Thank you, Mr. Chair. Thank you to all members of the committee for inviting us to be with you today on this very important topic. It was really interesting to hear the debate and the discussion over the last hour. I think it underscores the importance of this policy issue, ce

Finance committee  Thank you for the question. I'll turn it over to one of my colleagues, but I also want to emphasize that what we have in the tax system currently is a deduction. It's not a credit, if we are reflecting back on the last hour. Just as Bill C-241 is proposing a deduction—

Finance committee  Actually, Mr. Chair, I'll give the opening remarks if that's okay with you.

Finance committee  In the economic and fiscal update, we published the estimated costs of the measure, and it's $5 billion per year.

Finance committee  The previous tax was spent here, so for the measure that exists now, it's about $5 million. This would be a doubling.

Finance committee  This credit is focused on the supplies that teachers and early childhood educators use in the duties of their employment, either at a school or a child care facility.

Finance committee  There are two more proposals in this part of Bill C‑8. There's the enhancement of the refundable tax credit for school supplies used by eligible educators. This measure would amend the Income Tax Act to increase the refundable credit to 25% and eliminate the requirement that the

Finance committee  Chair, I apologize for that. Why don't I just switch to English? Is this okay?

Finance committee  With the enhancement of the school supply tax credit, there is the increase in the rate, there's removing the requirement that the school supplies be used in a school or in a child care facility and the third component is adding several electronic devices to the list of eligible

Finance committee  Thank you for the question. We don't have a global count of such activities. The rules are meant to prevent this to the fullest extent possible. What I can say is that you've seen, in the past, where the Canada Revenue Agency has revoked charitable organizations for these sorts

Finance committee  The thing is that it's where illegal activity is found. If an organization is listed as a terrorist entity, it's revoked so it's no longer a.... We could talk to the CRA and then try to provide the committee with some historical statistics on such revocations, if that would be he

Finance committee  Thank you for the question. Basically, there are several steps within the CRA that need to be taken. As soon as an organization becomes a listed terrorist entity, the CRA would be able to immediately revoke, given the importance of addressing the issues as expeditiously as possi

Finance committee  The main change of the measure would basically do two things. It would allow people to keep their RDSP open. Right now under the current rules, you essentially have a couple of years if you become DTC ineligible. It will allow those people to keep their plan open. It would also a

Finance committee  Sure. Thank you for the question. I don't have statistics handy on how many individuals in a given year who were eligible for the disability tax credit no longer become eligible. What I'm looking for here is our estimate.... Trevor mentioned that some of these measures come from

Finance committee  Thank you very much for the question. Maybe I can speak in the context of this clause for the stock option deduction. As I was saying to Monsieur Ste-Marie, the government's really trying to balance two objectives here. One is noting that historically the stock option deduction