Natural Resources committee  Also, I'm not sure how to interpret this.

Natural Resources committee  The way you phrased the question is a bit broad. You've included different types of expenditures there. I think you really have to look at the nature of the expenditure or the spending. When you look at tax measures, for instance, a number of measures are just there to properly

Natural Resources committee  Maybe I can take this, Mr. Chair. It is probably possible for us to have an assessment of the tax paid by these subsectors. Your question about the relationship between.... I think you mentioned the total tax deduction compared with what they paid. I don't think we can really d

Natural Resources committee  I am Miodrag Jovanovic. I'm the assistant deputy minister, tax policy, at Finance. One way to define that is to use the WTO definition of a subsidy, which generally means a financial assistance provided to a sector, or in the form of services. I have a quote here. It “includes

Agriculture committee  We have not—I mean, I can turn to my colleague Monsieur Coulombe again—but I don't think we have a specific estimate for Bill C-234. But again—

Agriculture committee  Well, generally the best tools, the most effective tools, remain imposing a price on carbon. Depending on the sensitivity of the sectors and, as you say, the availability of technologies, you may have a more gradual approach to introducing such carbon pricing. When this was intr

Agriculture committee  Well, presumably the cost would be similar to the cost of Bill C-8, since Bill C-8 is returning everything that is being paid.

Agriculture committee  I would say that on an aggregate basis for these four provinces, because it's an aggregate approach, yes.

Agriculture committee  It's all in the relative price of things. If technologies become available, but they're a bit expensive, and if there's no carbon price at all, you're going to wait longer, because you're going to wait until prices decrease. If there's a carbon price, that creates an incentive, b

Agriculture committee  As I said before, initially we copied the model used in British Columbia. The approach sought to reduce the overall impact on the sector...

Agriculture committee  I do not think the logic was that straightforward. Perhaps my colleague Mr. Coulombe can elaborate on that.

Agriculture committee  I think these are two different questions. The first question is whether our estimate is correct. We look at Statistics Canada and the tax data. We have this assessment. We assess there was about $100 million in fuel charges collected in 2021-22 from the farming sector, and now

Agriculture committee  No, this is the refundable tax credit for farmers. It's based on what farmers paid. We just return that amount to farmers.

Agriculture committee  Each individual farm with expenses.... Again, the threshold is $25,000. Any farm with more than $25,000 in expenses can claim that credit at a rate of $1.47 for 2021-22, for each $1,000 of expenses. That's a fact. That's just the way it's designed. It's based on the estimates we

Agriculture committee  Yes, the result would be no more price signal in that particular sector of the economy. The result would be that most, if not all, of the emissions would not be covered by any carbon pricing.