Finance committee  These legislative amendments will provide the government with the power to declare certain denominations, certain banknotes, non-legal tender. It does not demonetize them in any way. They remain legal tender, and they're redeemable for their face value.

Finance committee  The penny still has a value. We continue to give a value to the penny and to redeem it.

Finance committee  No. In the Currency Act, the power to remove from circulation only exists for coinage. It's not parallel for banknotes, which is why we're looking to have it put in legislation for banknotes. The Act as it stands today does not allow us to do what was done with the penny.

Finance committee  Retailers.

Finance committee  Good evening. Canadians need secure banknotes that they can use with confidence and pride. Removing the legal tender status of banknote denominations that are no longer issued by the Bank of Canada and hardly ever used, such as the $1,000 banknote, would have no impact on most

Finance committee  There is no minimum term. The threshold is expressed in a percentage of assets, or a dollar threshold, which has yet to be established under Governor in Council.

Finance committee  Yes that's right.

Finance committee  There are two parts to my answer. The first is that it's very much a technical amendment to respond to new IFRS rules. The IFRS 16 rule that will apply comes into effect in January 2019. We're not changing anything other than allowing crown corporations to continue to enter into

Finance committee  I have a separate item.

Finance committee  Yes I am. The proposed legislative amendments are technical in nature and will have no impact on the government's debt or deficit. Only crown corporations will be affected, particularly those that are subject to part X of the Financial Administration Act and that prepare financi