Finance committee  The definition of qualified Canadian journalism organizations would be in 248(1) of the act. The legislation contains a requirement that such an organization be designated by a body prescribed for the purposes of the definition. The prescription would be under the normal regulat

Finance committee  We are all jumping at it. As was noted earlier, there are three measures. There's the qualified donee measure for which broadcasters could qualify and then the two tax credits for which they would not. As was noted, the measures relate to written journalism. That was a decision

Finance committee  That is correct.

Finance committee  Yes, that is a component of it.

Finance committee  This is equipment and property that are contained currently in class 43.1, which provides a 30% capital cost allowance rate, and class 43.2, which provides a base 50% capital cost allowance rate. These properties are things like wind projects, solar, certain biofuels, high-effici

Finance committee  Thank you, Chair. I just have two left. The second-last measure relates to the Canadian film or video production tax credit. It provides a 25% refundable tax to qualified corporations in respect of qualified labour expenditures, and it would allow joint projects of producers f

Finance committee  Thank you, Mr. Chair. I will provide a short overview of each of these measures in the order in which they appear in the bill. The first measure in part 1 provides a temporary enhanced capital cost allowance, which is essentially tax depreciation in respect of the purchase of

Finance committee  Getting into some of the technical details, I'm working through your question. In your situation, if an individual invested in a Madagascar company, when dividends are paid out of that company, they would be subject to Madagascar's dividend withholding tax. I believe the rate i

Finance committee  It's just the numbers. Madagascar doesn't impose withholding tax on dividends, but on interest, if you had a bond issued by a Madagascar company, then the numbers I mentioned would be correct. It would be reduced from 20% down to 10%.

Finance committee  Withholding tax is imposed by the foreign state, so it wouldn't be on the Canadian tax return. It would just be how much foreign tax you're paying. It's a bit of a tricky question, because of the specific facts. It might be more likely for a Canadian to invest, say, through the

Finance committee  I think that leads back to some of our earlier discussions about certainty for businesses. Of course, there's always the ability to invest abroad, but in making investment decisions, certainty is incredibly important for businesses. While not having a tax agreement in place doesn

Finance committee  Of course, due to privacy laws, I can't imagine that we could provide information from any specific taxpayer's T1134 or T1135, but I take it—

Finance committee  —what you're looking for is aggregate data. As you guessed, we don't have that information on us, but we can ask our colleagues if that is something we would be able to obtain.

Finance committee  Just to add from the business perspective, when a foreign corporation is looking at where to invest or where Canadian companies are looking to invest abroad, items like certainty and predictability are tremendously important. For example, as we discussed earlier, knowing that wit

Finance committee  Generally speaking, yes. Of course the agreement with Taiwan is not a multilateral convention between nations, but the agreements are similar in effect.