Finance committee  The funding required for the implementation and administration of the Canada carbon rebate will be part of a Treasury Board proposal that we'll be making in the coming month. Following the approval of the Treasury Board submission, current year funding will be sought through the upcoming supplementary estimates (B) and (C), so it's still too early, Mr.

International Trade committee  As I mentioned, based on the returns filed as of last week, we have less than 5% who actually owe money. The amount owed was just over $7.5 million and it's based on the number of returns that have been filed thus far. That number, as I responded earlier, Madam Chair, was 135,000.

International Trade committee  I don't have the exact data, but—

International Trade committee  Absolutely. It will take a little longer to file their return the very first time, but, as they file more and more returns—unless the information contained in the form substantively changes—it becomes a lot easier.

International Trade committee  You're entitled to your views, member. I cannot speak to that.

International Trade committee  We haven't really gone to the enforcement phase just yet, Madam Chair, because, as you know, we have until October 31 before individuals have to pay a penalty or interest.

International Trade committee  I cannot speak to that.

International Trade committee  I'll start off with the cost-benefit analysis. That would be within the domain of the Department of Finance. When we're asked to administer a piece of legislation, we do our own internal costing and provide that number as part of a Treasury Board submission. We would have certainly done that on our side, estimating how much it would cost the agency to administer such a program.

International Trade committee  The most common inquiries we receive on our general inquiry line or the line dedicated to business is with regard to filing the form itself. “How do I answer the following, on this or that question?” There are questions about exemptions and location, because we have created a tool, as you know, that allows our clients to identify where exactly, based on the postal code, their property is located and the tax implication for them.

International Trade committee  The question you're referring to on the T1 form relates to foreign property in excess of $100,000. That's one question. We have certain declarations and elections that taxpayers can make with regard to, for example, their principal residence. There may be other situations, but I'll pass it on to my colleagues if they have anything to add.

International Trade committee  There are, of course, exclusions within the form. We can only rely, as far as broader communication is concerned, on the messaging we put out there for people to first identify whether they're impacted or not. If they are impacted, we have created a form. That's one of the reasons the form is as long as it is.

International Trade committee  As you know, the penalty and the interest were waived as a result of an announcement made by CRA on March 27. The people impacted have until the end of October 31 to pay, if they owe anything, without incurring penalties and interest, but effectively, what that means is our clients can still file until that time.

International Trade committee  So far, we have less than 5% of the returns filed where the amount had been owed.

International Trade committee  The number was estimated by the Department of Finance. They estimated that 10% of the overall UHT returns filed would have money owing.

International Trade committee  For each property, if it's owned by, for example, a co-owner, each individual is required to file a return. The number estimated by the Department of Finance was that anywhere from 355,000 to 420,000 returns will be filed this year.