Finance committee  Yes, Mr. Chair. Tolga Yalkin from Health Canada will speak to this subdivision.

Finance committee  I think we're still at the table here, Mr. Chair. It's Tim Krawchuk, from the Canada Revenue Agency. I'm sorry; I don't have my notes here. Go ahead, Tim.

Finance committee  He's coming later.

Finance committee  Thank you, Mr. Chair, for the question. I didn't mean to move straight into the substance. Although—

Finance committee  Mark was really looking forward to it. That's right. He really wanted to go again. It's an excellent question. I should say that a fundamental pillar of the Government of Canada's regulatory modernization agenda is greater transparency and greater engagement with stakeholders.

Finance committee  That's right.

Finance committee  Yes. Once we get through the first annual regulatory modernization bill, we'll be taking a look at how to make this a more regular occurrence, on an annual basis. This was the first time through. Part of that will be building in a centrally led process that my team at Treasury Bo

Finance committee  Thank you very much, Mr. Chair. As you can see, I'm accompanied by a number of colleagues who'll be helping me during the presentation. I'm going to provide a brief overview of the initiative we'll be discussing today. In its fall 2018 economic statement, the government committ

Finance committee  Certainly the objective is not to empower new regulations without taking into account the burden. I would say that the government, through this budget, has also proposed a number of other initiatives. This is one component of a regulatory agenda that's being pursued at this mom

Finance committee  I understand the concern you're raising. I would say that regulatory co-operation is.... In a world where tariffs have been significantly reduced, perhaps notwithstanding some of the most recent events in the U.S., the biggest barriers to trade are these technical barriers that

Finance committee  There is no requirement for the Canadian government to do a commensurate with the.... Let's use the U.S. as an example. In these amendments, there would be no requirement for the Canadian government to do a commensurate reduction. I would note that in the implementation of the t

Finance committee  They get credit because they have been working formally under a regulatory co-operation arrangement with their counterpart. In other words, that reduction is really the result of work that this regulator has been doing. Generally speaking, formal regulatory co-operation initiativ

Finance committee  They would have to be able to quantify, similar to how they would have to quantify here in Canada. We would likely be applying the same costing that we apply to the Canadian—

Finance committee  Sorry, I misunderstood the question. There would be a formal work plan under either the Canada-U.S. regulatory co-operation council or the regulatory co-operation forum with the EU, or the Canadian Free Trade Agreement reconciliation and co-operation table. That would be the dem

Finance committee  Yes, that's right.