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Finance committee  Thank you for the question. These amendments pertain to a specific list of benefits. Individual members who have been receiving these benefits should not notice anything changing. It confirms the treatment that has been there in the past, which is that they've been non-taxable.

April 25th, 2023Committee meeting

Mark Maxson

Finance committee  Thank you for the question. Effectively, this is a legislative change that confirms and clarifies the existing and long-standing non-taxability of a number of benefits being offered by the Department of Veteran Affairs and/or the Department of National Defence. Individual membe

April 25th, 2023Committee meeting

Mark Maxson

Finance committee  That's right. This pertains to a number or very specific benefits. There are certain benefits received by veterans and members of national defence that are taxable and have always been taxable, but for these particular benefits—certain payments for persons with disabilities or t

April 25th, 2023Committee meeting

Mark Maxson

Finance committee  This amendment concerns a number of benefits provided by Veterans Affairs Canada and the Department of National Defence generally to ill and injured members or former members. These are long-standing benefits that have historically been treated administratively as completely non-

April 25th, 2023Committee meeting

Mark Maxson

Finance committee  Thank you for the question. From a broad lens, it's available to most workers below a certain income threshold. If you are a single individual, unmarried, with no children, you could be making in most provinces up to $33,000, or have income of up to $33,000 I should say. If you'

April 25th, 2023Committee meeting

Mark Maxson

Finance committee  Yes. The purpose is to push it forward in time and get it to people sooner.

April 25th, 2023Committee meeting

Mark Maxson

Finance committee  That particular piece is in part 4. You might be able to get a better answer from them, but my understanding is that it's for the purpose of ensuring eligibility of the individual.

April 25th, 2023Committee meeting

Mark Maxson

Finance committee  There's no connection to that. It's for the purpose of Health Canada to see who has coverage. Again, it's a part 4 measure.

April 25th, 2023Committee meeting

Mark Maxson

Finance committee  I don't recall seeing references to a biannual payment, but they are quarterly payments. There are three quarterly payments, which may lead to a bit of confusion. There is one in July, one in October, one in January and then, effectively, the residual would be the fourth quarterl

April 25th, 2023Committee meeting

Mark Maxson

Finance committee  Yes, that's correct.

April 25th, 2023Committee meeting

Mark Maxson

Finance committee  Thank you. This is an existing deduction that allows tradespeople to deduct up to $500 for tools that are required to do their jobs, over the amount of the Canada employment credit. The proposal in budget 2023 is to double that amount from $500 to $1,000, so these are employed t

April 25th, 2023Committee meeting

Mark Maxson

Finance committee  It's estimated at $2 million annually.

April 25th, 2023Committee meeting

Mark Maxson

Finance committee  That's right. The existing deduction does not allow daily commuting expenses on the basis that those are considered a personal expense for all employees regardless of their industry.

November 2nd, 2022Committee meeting

Mark Maxson

Finance committee  That's one difference. There's a question in my mind. It would again be up to CRA to interpret what travel expenses to and from the work site means. It's not entirely clear to me whether that would include lodging if they did choose to stay overnight. That would be something CRA

November 2nd, 2022Committee meeting

Mark Maxson

Finance committee  If it was daily commuting, it would not be deductible. If it was just a one-off job you were doing for the day.... Maybe Lindsay can jump in. She's more familiar with the business side—

November 2nd, 2022Committee meeting

Mark Maxson