Finance committee  Do you want to take that one, Pascale?

Finance committee  We'd have to look into that. I'm not sure. My colleague might know. She might weigh in. Pascale, do you—

Finance committee  It's really the notion, in a way, that they benefited from the support.

Finance committee  Again, it's tough to make a direct link. What does seem clear is that there was—as you point out—very substantial support provided to the economy. That helped support the balance sheets of those financial institutions. They benefited from that. That's what this measure is try

Finance committee  I can perhaps start with the cost that you asked for. The Canada recovery dividend is a one-time tax imposed, effectively, on the income of large financial institutions—above $1 million—in the two years of the pandemic. While it's imposed in 2022, there are five years for the ba

Finance committee  I can take that one, Mr. Chair. The purpose of the Canada recovery dividend, the rationale, was really based on Canada's major financial institutions' strong performance during the pandemic and their faster recovery than other parts of the economy, and the notion that these inst

Finance committee  Given the temporary nature of it, you would think it's one time, and therefore it's borne by the financial institutions, reflecting their strong performance during the pandemic.

Finance committee  Yes, I can provide an answer to that. Obviously, going forward, it's always a bit unknown, but we have a pretty good sense from the past of how many businesses were in the different thresholds that will now be available to businesses. Looking at past filings probably gives you a

Finance committee  I certainly can't speak for the CFIB, but I would think that they would be inclined to look favourably on a measure that extends the small business deduction to a larger number of small businesses and smooths the phase-out, which promotes growth.

Finance committee  I just wanted to make that clear. Many measures exist, but the current bill contains measures that were in the 2020-21 budget as well as those announced last February. As you stated, the measures are wide ranging.

Finance committee  Yes, that is the case.

Finance committee  There are many measures providing for immediate deductions. The bill only contains those that you mentioned, which concern private businesses. In the 2018 economic update, following tax breaks that were given in the United States in 2017, an accelerated capital cost allowance of

Finance committee  My apologies for misspeaking, I got it reversed there somehow.

Finance committee  I can take that one. The process is very similar to what used to be used for manufacturing and processing. This process figures out what portion of your income is attributable to zero-emission technology manufacturing. Essentially it looks to the amount of capital and labour use

Finance committee  It's set up to effectively favour the taxpayer in this situation. They're allowed to use the proportion for the small business amount. First they'll get that preferential lower rate, and then it would move up to the general rate based on the amount of income up to the total amoun