Finance committee  I'd just like to circle back to comments made initially by my colleague, Maude. It has been announced that it would follow the establishment of an independent advisory panel. Again, I wish I had the details with me right now, but that—

Finance committee  As I noted, there is no clause in the bill that creates—

Finance committee  In clause 43(2) of the bill in part 1, would you like me to read the relevant parts of the provision?

Finance committee  That's correct. “Subsection 248(1) of the act is amended by adding the following in alphabetical order:...” Subsection 248(1) is where a number of the definitions that apply for the purposes of the Income Tax Act are contained. It would introduce the new definition, “qualified Ca

Finance committee  The decision on what the body would be has not been publicly announced yet, and we don't have any details we can share on that. All we can say is that the regulations would set out which body does the designation, or is responsible for designating organizations for the purpose of

Finance committee  That's not contained in part 1 of this bill. There's nothing in this legislation implementing the advisory panel or a body like that. There's no enacting legislation for that. Rather, there is a requirement that whenever it is decided that a body is to be responsible for designat

Finance committee  Yes, it requires that there be a body. I don't want to preclude the possibility that such a body could already exist.

Finance committee  Again, the requirement is simply that the regulations prescribe a body for the purposes of designating organizations for the definition. It does not touch on what that body might be, but the term “body” is used throughout the Income Tax Act to refer to a variety of not even just

Finance committee  It's in subclause 43(2), in part 1 of the bill, and it's an amendment to subsection 248(1) of the Income Tax Act. It's in the new definition of qualified Canadian journalism organization, in proposed new paragraph 248(1)(b), on page 36 of the bill, line 28, I believe.

Finance committee  The panel itself is not in the legislation, as Maude has noted, as they have not been established and the details are still to come. One thing I would like to clarify is the requirement that is in the legislation, that the organization be designated by a body prescribed for the

Finance committee  That's correct. That's in proposed paragraph (b) of the qualified Canadian journalism organization.

Finance committee  It's prescribed for the purposes of the definition, so it would be in the regulations.

Finance committee  It would go through the regulatory process.

Finance committee  I think that would depend on who the members of the organization are, and that hasn't been determined yet.

Finance committee  That's not been announced yet.