Finance committee  Thank you very much. My name is Sam Millar. I'm the director general in the Department of Finance who covers environment, natural resource and corporate finance matters. I'm here to speak today about part 4, division 15 of the bill. This division covers proposed measures that w

Finance committee  The amount for the payments is tied to the expected dividends that Canada would receive from its part ownership in the Hibernia project. It's tied to the equity share in the Hibernia project, rather than to an amount that would be collected from royalties through the production o

Finance committee  I'm not entirely sure I can answer the question as posed. The amount is tied to the specific equity share in this project and to the dividends that were expected from it over that period of time.

Finance committee  We do.

Finance committee  The agreement, which is a public document, has provisions for a true-up.

Finance committee  I'm sorry, Mr. Chair. I am here specifically on clause 129. I don't believe I'm in a position to speak to clause 131.

Finance committee  I would agree that likely the best answer would be that the government is developing the specifics around how the program will be implemented.

Finance committee  The proposed provisions are not a new carbon levy. It's an authority to allow for the return of some of the proceeds that will be collected from the fuel charge in four provinces for the moment.

Finance committee  That came into force on April 1, 2019.

Finance committee  Correct. I was referring really to the provisions that are proposed in the BIA. As we said in October, the government identified a number of particularly affected sectors, including small and medium-sized enterprises, but there are several others including municipalities, hospit

Finance committee  I think the short answer is that the details of how these provisions, if passed by Parliament, will be used in relation to small and medium-sized enterprises and other particularly affected sectors are still under development and really can only be released once the statutory pro

Finance committee  So as not to prejudge that the authorities will be available to the government.

Finance committee  I'll just briefly walk through the formula, which is, as I said, a touch complicated. C is the amount estimated to be collected from the fuel charge. D is the amount estimated to be paid to individuals, and potentially others, under the Income Tax Act. You're basically making s

Finance committee  That's correct.

Finance committee  The provincial governments—and I already listed the four provinces currently mentioned in the bill—are not directly involved in these measures.