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Government Operations committee  Yes, many of those have been affected by equity market changes recently. I don't have that at my disposal, but we have been in touch. My understanding is that we are not doing too badly. We'll see if we come back with information for the [Inaudible—Editor]

May 4th, 2020Committee meeting

Alison McDermott

Government Operations committee  Yes. We'll see if we can come back to you with some more details on that.

May 4th, 2020Committee meeting

Alison McDermott

Government Operations committee  I think it's short- to medium-term in the sense that some of those measures will have a duration of a few months. Do you want me to talk—

May 4th, 2020Committee meeting

Alison McDermott

Government Operations committee  Maybe I could attempt that one. As you probably know, the decisions about the restart of the economy are really being driven by health-based considerations, and being made largely at the provincial level, so there's a great deal of collaboration between those levels of governmen

May 4th, 2020Committee meeting

Alison McDermott

Government Operations committee  We're not able to give you a definitive time frame at this point, but we're definitely looking at scenarios.

May 4th, 2020Committee meeting

Alison McDermott

Government Operations committee  I'm sorry. Are you asking if we're contemplating increases in these taxes at this point?

May 4th, 2020Committee meeting

Alison McDermott

Government Operations committee  Well, generally over the year we do this kind of analysis, but nothing of late. Nothing of that nature is being contemplated.

May 4th, 2020Committee meeting

Alison McDermott

Government Operations committee  Thank you for your question. Just to outline the way that most of the spending proposals get examined within the Department of Finance, we do receive them from line departments. These are the departments that are closest to the industry groups, stakeholders and NGOs and so on, s

May 4th, 2020Committee meeting

Alison McDermott

Government Operations committee  We are definitely starting the process of looking at all of the scenarios for the economy. I think we would note that even the Bank of Canada, in its last monetary policy outlook, did not come up with kind of a point estimate, and that's usually what we use for the purpose of fis

May 4th, 2020Committee meeting

Alison McDermott

Government Operations committee  Sure, I can look at that. As mentioned, the authorities in terms of direct support measures come to approximately $150 billion. It really varies, measure by measure, how long or over what period those are expected to be expended. Some of the big ones, like the Canada emergency

May 4th, 2020Committee meeting

Alison McDermott

Government Operations committee  It's not being used right now in the way that it normally would be, because normally when people would be unemployed they would go to the EI program and receive benefits from the account. Because of the fact that's been suspended in favour of providing those accounts through the

May 4th, 2020Committee meeting

Alison McDermott

Government Operations committee  That's being done on an attestation basis right now, but certainly the Canada Revenue Agency, which is going to tax people on that benefit, may require proof from individuals in the future. It will be responsible for administering and enforcing the provisions of the CERB.

May 4th, 2020Committee meeting

Alison McDermott

Government Operations committee  Sorry—are you talking about the Canada emergency wage subsidy or the business account?

May 4th, 2020Committee meeting

Alison McDermott

Government Operations committee  That would be my colleague Leah Anderson or Soren Halverson.

May 4th, 2020Committee meeting

Alison McDermott

Government Operations committee  Sorry, I don't have the number at my fingertips. Let me see if I can find it in the last report. Obviously, these are changing daily but I'll come back to you with that.

May 4th, 2020Committee meeting

Alison McDermott