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Finance committee That's a question related to parliamentary procedure, and I don't think I'm the best person to answer that. It depends on the nature of these amendments, but if they're substantial, I would think so.
April 18th, 2024Committee meeting
Yves Giroux
Finance committee As you mentioned, this new expression is now part of our terminology. In English, we use the adjective “suppressed”. In French, one could speak of demande réprimée, but we have chosen not to use these words, given their negative connotation. We speak of non-formation of househo
April 18th, 2024Committee meeting
Yves Giroux
Finance committee This is a question we address every year when we publish our report on the financial sustainability of the federal and provincial governments. It's an exercise we usually do in the summer. The last time we did this exercise, we realized that the long-term financial viability of
April 18th, 2024Committee meeting
Yves Giroux
Finance committee In our successive reports where we looked at the distributional impact of carbon pricing, I think we had, in the annexes, a profile by year to take into account the evolving price of the carbon tax or the pricing on pollution. To the best of my knowledge, it is still the case t
April 18th, 2024Committee meeting
Yves Giroux
Finance committee I'm sorry, I meant worse off.
April 18th, 2024Committee meeting
Yves Giroux
Finance committee I'm sorry, I misspoke. It's a bit like the chair's mistake indicating that Diarra's title is political analysis. I'm sorry.
April 18th, 2024Committee meeting
Yves Giroux
Finance committee Yes. I'm sorry for the confusion.
April 18th, 2024Committee meeting
Yves Giroux
Finance committee I probably would not have chosen that type of analogy, but I agree with her overall assessment that productivity is an essential part of economic growth and success. It's something that needs to be addressed if we want to maintain and increase our standards of living. Yes.
April 18th, 2024Committee meeting
Yves Giroux
Finance committee There is the fact that productivity growth in Canada has been lagging that of the U.S. and that of many other European countries and advanced economies. That is a worry for many reasons. It means that our economy is not growing as fast as it should and that we are more than at
April 18th, 2024Committee meeting
Yves Giroux
Finance committee The evidence on this is mixed. More than the tax burden itself, it's the mix of tax and whether you tax labour and capital versus consumption. The mix is an important factor. There are countries with a relatively high tax burden, such as France and Denmark, that do relatively w
April 18th, 2024Committee meeting
Yves Giroux
Finance committee The tax on carbon has an impact on everyday prices, especially those that are heavily reliant on fossil fuels, such as transportation and heating. It's something that is hard to disagree with.
April 18th, 2024Committee meeting
Yves Giroux
Finance committee I'm not sure what the impact on productivity would be, but in terms of the impact on prices, we would expect to see inflation reduced. The quantum would depend on many factors including the competitive framework, to which Mr. Boswell can probably speak much better than I can. Bu
April 18th, 2024Committee meeting
Yves Giroux
Finance committee Yes. When we looked at the direct carbon tax paid by households, the indirect carbon tax paid by households through goods and services they buy, as well as the GST that's levied on that, and we subtracted the carbon rebate, we found that about eight out of 10 households were bett
April 18th, 2024Committee meeting
Yves Giroux
Finance committee Sure. We did look at the impact of climate change on Canada's GDP. We also looked at the impact according to some key sectors. We found that changes that have already happened in terms of average precipitation and temperature levels across the country have indeed had a negative i
April 18th, 2024Committee meeting
Yves Giroux
Finance committee If I remember correctly, over the next several decades, we expect the GDP to be negatively impacted to the tune of about 5% or 6%, although it's difficult to be absolutely certain that this will, indeed, be the impact because we're projecting economic growth and the impact of cli
April 18th, 2024Committee meeting
Yves Giroux