Environment committee  It applies to any plants grown in a greenhouse.

Environment committee  That was in the context of the sale of an emission allowance on the secondary market. If a business has a surplus of emission allowance and they sell it to another business that needs the emission allowance to meet its targets for the provincial regime, for example, the general r

Environment committee  The self-assessment is done through the return of the business, essentially, and from time to time CRA audits those returns. They go on site or request information from the person and basically say, “You self-assessed this amount. Can you give us more information?” They have powe

Environment committee  In general terms, the government is open to consider any proposal to simplify the tax system, but I am not familiar with yours.

Environment committee  Essentially, large companies make monthly declarations because they have a large sales volume. When they buy a carbon emission allowance, they will indicate a percentage of the price of the allowance in their declaration, depending on their province. In Ontario, for example, it i

Environment committee  Yes.

Environment committee  You have to look at what this proposal is replacing. In the current system, sellers collect the amount of tax from purchasers on top of the purchase price, add that amount to the tax already collected and send everything to the Canada Revenue Agency or Revenu Québec, depending. P

Environment committee  The main rationale is essentially to align it with the way other countries that have a VAT and a cap-and-trade system in place.... Basically, it's aligning our GST rule with the VAT rule, with the way those other countries have done it in the past.

Environment committee  Yes, it kind of aligns internationally. However, there's also a benefit there, because usually when the purchaser pays the vendor, they have to disperse the money, and then they have to wait a month, generally, to claim back their ITC. Now, with this system, they will essentiall

Environment committee  Good afternoon. My name is Pierre Mercille, and I am the Director General responsible for legislation in the Sales Tax Division of the Department of Finance. Part 2 of the bill amends part IX of the Excise Tax Act to implement amendments to the goods and services tax and the harm

Finance committee  The refund is an existing one; it's a refund of the GST or of the federal component of the HST. The act lists a number of entities that are entitled to the refund, which is a 100% refund of the federal component of the tax paid in the circumstances described in the act. That refu

Finance committee  The amendment in part 2 of the bill—

Finance committee  I don't think I can answer by yes or no because in your question you mentioned the word “rebate”. I have not mentioned the word “rebate”. What the amendment does is that, when a purchaser of an emission allowance from another person acquires that emission allowance, they will ha

Finance committee  There's a price. There's a market for it.

Finance committee  What the amendment does—