Finance committee  As I understand conservation, and building on Maude's answer, it might include an energy generation facility that retains heat and uses it in, say, an adjoining greenhouse instead of just producing waste heat, so that the excess energy is conserved and put to a productive end.

Finance committee  In terms of qualifications, there is a number of technical guidelines and requirements that need to be met. Specifications are put out by NRCan, Natural Resources Canada, so it's not just a general set of rules. There are some very specific conditions that need to be met in order

Finance committee  Pierre can discuss the classes of information, and thanks for giving me an opportunity to clarify my earlier comments if they weren't adequately clear. Prior to the introduction of the Canada child benefit, a number of provinces referenced the national child benefit supplement in

Finance committee  In terms of the exclusion of professionals, again, going back to lawyers, an example is where you have a lawyer operating in a law firm and a spouse or an adult child who's not participating at all in the business, such that they can't avail themselves of the labour contribution

Finance committee  As I said, the excluded share exclusion looks to capital. There is the excluded business exclusion that looks to labour contributions. And where your income from your business is almost entirely because of the labour inputs of an individual, that would be an appropriate exclusion

Finance committee  The reasonableness standard appears in a number of places in the Income Tax Act. You're absolutely correct that ultimately it would be the court, and going up to the Supreme Court, that decides questions of how statutes ought to be properly interpreted. This reasonableness test

Finance committee  The purpose of putting the service....

Finance committee  There are probably two problems. The first is that if you have a capital contribution test as the excluded share test looks to.... Service businesses where more than 90% of your income is from the provision of services are often not very capital intensive. You could have a lawyer

Finance committee  The excluded business definition is an exclusion from the tax on split income, or TOSI, and is intended to provide a bit more of bright-line exclusion than you have in the base reasonableness test. It applies where an individual makes significant labour contributions in support o

Finance committee  Well, it relates to previous years. Information has continued to be shared. If you look in the current Canada child benefit calculation, when I said there was a vestigial calculation, the variable that represents that former program, the national child benefit supplement, actual

Finance committee  Yes, of course. I would be happy to do so. The current measure builds upon the existing tax on split income that applies to individuals under the age of 18, and it applies a top rate of taxation for income that is considered to have been split or diverted from a higher income ea

Finance committee  That's correct. The idea is that those who are making substantial and significant, or real contributions to or in support of a family business, who are working in it, or who have provided financing—it's not just labour contributions—would be unaffected and they wouldn't be subjec

Finance committee  Currently, the Income Tax Act permits sharing of information relating to the national Canada child benefit supplement with provinces solely for the purposes of them being able to put in their benefit systems, where they might need that information in order to do so. The issue is

Finance committee  As mentioned, part 1 of the bill relates to the income tax. I'll go through each of the measures in the order in which they appear in the bill, although some of the measures can affect a number of clauses and do not appear sequentially. The first measure relates to the pension f