Finance committee  To take a step backward, you have to understand that under the RDSP regime, essentially one has to be eligible for the disability tax credit in a year to be able to generally continue to be the beneficiary of a plan. The proposal in budget 2019 that we're talking about in this bi

Finance committee  Clause 96 deals with events that that can trigger a need to repay grants and bonds to the Government of Canada. For example, if an individual dies, their plan needs to be wound up, so it can trigger a need to repay grants and funds under certain conditions. This clause basically

Finance committee  Clause 97 just repeals a section that specifically related to that special election I spoke to earlier for an individual who was expected to regain DTC eligibility in the future. Again, it is no longer needed, so it's cleaning up the regulationss for that. (Clause 97 agreed to

Finance committee  Clause 98 is essentially a bit of a clarification that no repayment is required on any disability assistance payment, which is a fancy way of saying that withdrawals from the plan after an individual attains the age of 59.... It's basically just for additional clarity that there

Finance committee  This is the final one with respect to these regulations. This clause deals again with a disability assistance payment. As I said, it is a fancy way of saying that when a withdrawal from this plan occurs, it lays out any repayment requirements that would be applicable to an indi

Finance committee  To clarify, these regulations are the purview of Employment and Social Development Canada. They were drafted by that department. I work with Trevor in the tax policy branch at the Department of Finance. I'll note that as we are not the owners of these regulations, we can speak to

Finance committee  Mr. Chair, I can try that one. Thank you for the question. I think one thing that's important to recognize—and the minister touched on this—is that royal assent for the legislation is a prerequisite for these payments to flow. The rationale for that is obviously that this is cre