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Finance committee It's to raise revenues. I think the government's stated objective, if I recall, is to help fund some of the other programs in general, but perhaps programs more aimed at the housing situation in Canada. Fundamentally, it's just a tax to raise revenues.
February 14th, 2022Committee meeting
Phil King
Finance committee Yes, it would be. In fact, I might ask my colleague, Rob Ives, who is also on the line, to answer that question.
February 14th, 2022Committee meeting
Phil King
Finance committee Mr. Chair, I can take that question, thank you. I will just point out, very simply, that this is a tax the purpose of which is to raise revenues. It's estimated that the tax will raise $735 million in revenues over the next five years.
February 14th, 2022Committee meeting
Phil King
Finance committee In terms of the impact on any trade or other agreements we might have, those questions would have to be addressed to the appropriate sections of Justice Canada. I couldn't answer that.
February 14th, 2022Committee meeting
Phil King
Finance committee Again, I'd reiterate my answer. Any questions about legality, trade or any other impacts of that nature—
February 14th, 2022Committee meeting
Phil King
Finance committee To repeat my initial answer, it's a tax whose estimated revenue yield will be $735 million over the next five years.
February 14th, 2022Committee meeting
Phil King
Finance committee Mr. Chair, I can't speak to that. I can only give you the estimate that we have in respect of this measure in Bill C-8; it's $735 million over the next five years.
February 14th, 2022Committee meeting
Phil King
Finance committee I certainly did. Thank you, Mr. Chair, and thank you, Mr. Fast. Pierre is correct. Indeed, the goal is twofold. It is to raise some revenue and to discourage smoking. Excess taxes are fairly effective at doing that. If you look at smoking rates in Canada, they've gone from abo
May 27th, 2021Committee meeting
Phil King
Finance committee I'm on the computer, and the microphone is at mustache level.
May 27th, 2021Committee meeting
Phil King
Finance committee I'm sorry. Would you like me to rewind a bit?
May 27th, 2021Committee meeting
Phil King
Finance committee I'll start with the issue of the modelling. It would be very nice if we could say specifically that a dollar increase in tax leads— Is that no good?
May 27th, 2021Committee meeting
Phil King
Finance committee I cannot do it justice.
May 27th, 2021Committee meeting
Phil King
Finance committee Would it be possible to provide an answer in French as a follow-up to the committee?
May 27th, 2021Committee meeting
Phil King
Finance committee There is no “Select a microphone” button. There is “Select camera”, but no microphone.
May 27th, 2021Committee meeting
Phil King
Finance committee Perhaps I have it now.
May 27th, 2021Committee meeting
Phil King