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Public Accounts committee  She confused us.

November 22nd, 2022Committee meeting

Nicholas Leswick

Public Accounts committee  Is it just on that very last question of the member opposite?

November 22nd, 2022Committee meeting

Nicholas Leswick

Public Accounts committee  If the Government of Canada chose to withdraw their shareholding from the Asian Infrastructure Investment Bank, you would redeem the share value at that moment in time. It would be whatever the U.S. dollar conversion would be and whatever value the shares would be at that moment

November 22nd, 2022Committee meeting

Nicholas Leswick

Public Accounts committee  Thank you for continuing the exchange so that we can establish some clarity. Again, it is a redesign of the program—

November 22nd, 2022Committee meeting

Nicholas Leswick

Public Accounts committee  I mean, it's always a political decision in the sense that the government has made a program choice to fundamentally change the program so that a recipient is now eligible for quarterly payments based on their previous year's income.

November 22nd, 2022Committee meeting

Nicholas Leswick

Public Accounts committee  Thank you for the question. With regard to our GST and corporate tax intake, I don't know off the top of my head. I don't know if the comptroller general would have any explanation for an uptick.

November 22nd, 2022Committee meeting

Nicholas Leswick

Public Accounts committee  Thank you for the question. There are broadly three categories. There's net income from enterprise Crown corporations. We've talked a lot about Crowns over the last number of hours. There's program revenue from returns on investments. Those are investment returns on some of our

November 22nd, 2022Committee meeting

Nicholas Leswick

Public Accounts committee  I'm going out on a limb, here, but I want to satisfy the member's frustration. That exposure is probably the $50-billion-plus exposure related to the Canada emergency business account. You're talking about an exposure spread across probably around a million small and medium-siz

November 22nd, 2022Committee meeting

Nicholas Leswick

Public Accounts committee  I'll work with the comptroller general to confirm that. I just didn't want to.... You seemed really unsatisfied with the nature of the—

November 22nd, 2022Committee meeting

Nicholas Leswick

Public Accounts committee  I'm pretty convinced, in terms of how I interpret what I see in volume III. I haven't spent a lot of time in volume III lately, but I'm pretty convinced that's the exposure we're talking about.

November 22nd, 2022Committee meeting

Nicholas Leswick

Public Accounts committee  Yes, I'll do my best.

November 22nd, 2022Committee meeting

Nicholas Leswick

Public Accounts committee  I'm sorry. I'm trying to follow up and satisfy—

November 22nd, 2022Committee meeting

Nicholas Leswick

Public Accounts committee  Comptroller General, I might push that to you for a commentary on the current year lapse. Then I can take over in terms of how you would ask a question about how we would project that into the future.

November 22nd, 2022Committee meeting

Nicholas Leswick

Public Accounts committee  Thank you for the question. It's a good question. When the government brings forward the legislation to give the new program design character, it will effectively deem that an entitlement. You will be entitled to an advance payment of the Canada worker benefit in the current yea

November 22nd, 2022Committee meeting

Nicholas Leswick

Public Accounts committee  Thank you. It's a good question. I'd repeat that it's a fundamental change of the program design. The idea of recouping it or being ineligible would not apply under the new legislative design of the program.

November 22nd, 2022Committee meeting

Nicholas Leswick