Finance committee  Generally what we're talking about here is communities whose members can't hold property on their own. That's really where the tax issue arises. If you think of it, usually individuals receive their own salary, their own income, and we tax accordingly. Here, given the tenets of a

Finance committee  I think it has to do with the last increase to the ceiling, which was in 2009. That was 10 years ago. It amounts to a reasonable increase. It also takes the current market situation into account. The idea was to introduce a reasonable increase for first-time buyers.

Finance committee  Thank you for the question. We received several requests, especially from real estate sector groups. It is in the public domain. If you look at the figures broken down by age, you can see that almost half of those who withdraw the maximum amount, $25,000, are less than 40 years

Finance committee  In that case, I think both would have the right to withdraw. If you've already used the plan, you are eligible again after a marriage or common-law union breakdown, but there is, however, a condition that applies: you must reimburse the full amount before you can use the plan aga

Finance committee  There are limits, really, because you have to replace the full amount, and generally, that takes time.

Finance committee  I think the costing is based on roughly the same.... The idea is that if you look on an annual basis at those roughly 20,000 individuals who are taking out the $25,000, typically those individuals would take out more given the chance to do so. Basically, there's sort of a distrib

Finance committee  Yes, and that's what I was referring to in my response to Mr. Dusseault. I just saw those. Again, there were roughly 20,000 “maximizers”, if we can call them that—people who now withdraw $25,000 when they use the homebuyers' plan. Roughly half are under the age of 40. It adds up

Finance committee  Those statistics are similar to the Canadian Revenue Agency's. That's how it breaks down by age.

Finance committee  I think it's more of a policy choice. It's a good question. It's the sort of thing that you typically use once, or in one year. You have other things you can use year after year. If you index them, you might use them, but then you'll have a little bit more, and then you'll have a

Finance committee  Thank you very much for the question. Yes, we held discussions with union representatives, especially during ongoing meetings between government and union representatives to discuss Phoenix-related issues, in our case. The unions' response has been positive, to date. They are s

Finance committee  Actually, no decision has been made on integration of the pension plan that we as public servants participate in. Here's an example of what could happen. Say a pension plan is currently integrated with the Canada pension plan. What does that mean? It just means that on your firs

Finance committee  The thing is that for defined benefit plans, it's on the benefits you can accrue; it's not on the contributions. You can accrue basically per year of service up to—what's the number now?—close to $2,500. That won't change.

Finance committee  Thanks, Trevor. Thank you for your question. The purpose of this measure is to further limit the stock option deduction for employees of certain employers. We propose to apply an annual limit of $200,000 with option cash-out rights eligible for the deduction. This limit would

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

Finance committee  Thank you for your question. We published our estimates in the 2020 fall economic statement. According to our estimates, the additional tax revenue would be approximately $55 million for the 2025-26 fiscal year. It should be noted that this revenue would stem only from stock op