Interventions in Committee
 
 
 
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View Scott Brison Profile
Lib. (NS)
I'll begin with clause 2 on the registered retirement income funds or RRIFs. These rules apply to Canadians who are at least 71 years old. The new rules are expected to cost $670 million over the next five years, but many baby boomers won't turn 71 until 2020.
Have you examined how much this will cost once the bulk of the baby boom has turned 71 and falls under the new rules? How much will this measure cost in 10 years?
View Scott Brison Profile
Lib. (NS)
What was the original policy rationale in 2012 for excluding foreign charitable foundations from being qualified donees under the Income Tax Act?
View Scott Brison Profile
Lib. (NS)
What was an unintended consequence of the change in 2012? Were there any unintended consequences of the change in 2012?
View Scott Brison Profile
Lib. (NS)
Could you provide the committee with an example of a foreign charitable foundation that was a qualified donee prior to 2012 but became excluded because of the 2012 rule change? Could you give us an example?
View Scott Brison Profile
Lib. (NS)
Are there any others, just to help illustrate?
View Scott Brison Profile
Lib. (NS)
Are there any environmental organizations?
View Scott Brison Profile
Lib. (NS)
On May 26 officials told this committee that they had examined how these changes to TFSAs would impact the provinces.
Can you share with us how these changes will impact the provinces? Do you have that information in terms of the fiscal impact?
View Scott Brison Profile
Lib. (NS)
Can you share more of the information? As you know, this impact analysis is no longer a cabinet confidence since the legislation has been introduced, so can you provide us with more granularity around the cost to provinces?
View Scott Brison Profile
Lib. (NS)
It's no longer a cabinet confidence because the legislation's been introduced, and further to that, members of Parliament of all parties have a fiduciary obligation to Canadians to have this information.
View Scott Brison Profile
Lib. (NS)
Can you provide us with that?
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