Finance committee  As part of the study, we didn't establish a causal link or correlation between the double taxation agreements with certain countries and the value of transactions reported on T106 slips in the case of transactions of related companies. At first glance, it seems surprising that t

Finance committee  When it comes to errors, if you've tried to understand the Income Tax Act, then you can probably quickly get what types of errors could be made. For example, if you're moving, you have moving expenses, and you may believe that some types of expenses are eligible. Conversely, you

Finance committee  I'm not familiar with Luxembourg's oil activity, but I highly doubt it. I know that the country has had coal mines. To give you an idea of the scale, let's say that Luxembourg's population roughly aligns with the city of Gatineau's population, or with the slightly larger populati

Finance committee  For these detailed questions, I'll turn to Mr. Mahabir and Mr. Bernier, who can provide a list of these countries. I'd say that the scale of the electronic funds transfers to these countries is disproportionate to the economic activity in these countries or to Canada's economic t

Finance committee  I can put the amount in perspective: $3 trillion, or $3,000 billion, is more than Canada's GDP. These transaction or cash flows—some transactions occur more than once a year in various inflows and outflows of funds—are completely disproportionate to the economic activity of the c

Finance committee  Okay. I'll answer that first question quickly. The scope of the report today was to look at international taxation of corporations. We did not look at the underground economy now or 20 years ago. That said, based on my previous experience when I was in the public service, the u

Finance committee  Yes.

Finance committee  We did indeed confirm in a report tabled in late April, if I'm not mistaken, that the government's plan to return the proceeds from the price on carbon would indeed benefit the vast majority of households. So 80% of households will be better off in the four provinces that are cur

Finance committee  Yes. Good morning, Mr. Chair, vice-chairs and members of the committee. I don't know if I should say “Good morning” or “Good afternoon”, but I'll stick with “Good morning”. Thank you for the invitation to appear before you today to discuss our latest report, “Preliminary Finding

Environment committee  We haven't looked at the effectiveness of the OBPS. We have looked only at the revenues that it will generate. We have not pronounced on or carefully looked at whether it is an effective, or even a cost-effective, way of reducing greenhouse gases.

Environment committee  Our assumption is that 90% of the revenues will continue to be returned to households, and 90% of our declining pie will be smaller, obviously.

Environment committee  On the second part, because of the mathematical link between the revenues generated and the rebate, I cannot see very many scenarios where individuals would be worse off. There would be very few scenarios in which that would be the case. It would occur if there were no exports, f

Environment committee  Yes, there is evidence that a price on carbon does reduce greenhouse gases. The debate—and I'm not the one who will settle that debate—is whether it's too high a price to pay to reduce greenhouse gases or whether it's acceptable. It's up to people such as you to determine that. H

Environment committee  Yes, but at such a level, there would start to be disruptive impacts for some industries, those that are carbon-intensive. The higher you go on that price, the more disruptive it becomes.

Environment committee  As an economist, I'm certain that the more expensive something becomes, the less demand there will be for it. Is it an effective way? It is certainly an effective way. I'd say it's not the only way. As all people in the field know, there's also regulation. That's one way, and s