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Environment committee Absolutely. Thank you.
May 5th, 2022Committee meeting
Miodrag Jovanovic
Environment committee Absolutely, I think that Canada recognizes the importance of creating momentum at the international level in addition to Canada's commitment per se, which has been reaffirmed and accelerated in this regard. We think we play a good and key role, and Canada believes at this point t
May 5th, 2022Committee meeting
Miodrag Jovanovic
Environment committee Thank you for your question. I agree that this is an important question and actually an important aspect of the question as to how to phase out fossil fuel subsidies. On the tax side since 2007, if we include the recent proposal in budget 2022 to phase out the flow-through share
May 5th, 2022Committee meeting
Miodrag Jovanovic
Finance committee You're referring to the select luxury items tax act. As I previously mentioned, we don't have a specific estimate. We believe that with the way the measure has been designed so that it really targets the top higher end of luxury vehicles, boats and aircraft, the impact would be r
May 2nd, 2022Committee meeting
Miodrag Jovanovic
Finance committee Bill C‑19 would repeal the current exemption, and that's the result of an agreement reached in 2018 in response to a complaint that Australia filed with the World Trade Organization. The agreement stipulated that the exemption would be repealed by the end of June of that year. Th
May 2nd, 2022Committee meeting
Miodrag Jovanovic
Finance committee First, an assignment sale takes place typically when you are holding a title to acquire a piece of real estate, let's say a condo that you purchased at phase of construction, for instance. Prices have increased. Now you have an interested buyer. What you're doing is assigning thi
May 2nd, 2022Committee meeting
Miodrag Jovanovic
Finance committee Yes, that issue was raised. We're well aware of it and understand the problem. We're studying it to determine whether there's ultimately a way to propose minor adjustments. It's certainly an issue that we've recently discussed with the sector and that we now understand more clea
May 2nd, 2022Committee meeting
Miodrag Jovanovic
Finance committee If the aircraft is used for personal purposes, the flight hours won't be included in the 90%. The purchaser's essentially responsible for ensuring, in the contracts, that the use of the aircraft is eligible and that the aircraft isn't being used for personal purposes, at least no
May 2nd, 2022Committee meeting
Miodrag Jovanovic
Finance committee We haven't done that type of assessment. However, the government has conducted an exhaustive consultation of the sector to ensure it minimizes the impact the tax will have on the private sector.
May 2nd, 2022Committee meeting
Miodrag Jovanovic
Finance committee The tax was designed to have marginal impact on vehicles sold at very high prices. I have nothing more to say on that question.
May 2nd, 2022Committee meeting
Miodrag Jovanovic
Finance committee That was in this budget, 2022.
May 2nd, 2022Committee meeting
Miodrag Jovanovic
Finance committee I can take this one. Thank you for your question. There are some measures that were not necessarily announced in the last budget, but were announced in the previous budget. For instance, the immediate expensing measure, the disability tax credit measure and, I believe, the film
May 2nd, 2022Committee meeting
Miodrag Jovanovic
Finance committee I will have to turn to Lindsay Gwyer, because I am not in a position to answer that question.
May 2nd, 2022Committee meeting
Miodrag Jovanovic
Finance committee Yes, and I am sorry that I misunderstood the question at first. There are some measures included that are just restating the measures that were announced before budget 2022, for instance, the immediate expensing measure, the disability tax credit and the film or video production
May 2nd, 2022Committee meeting
Miodrag Jovanovic