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Results: 1 - 15 of 163
View Ed Fast Profile
CPC (BC)
View Ed Fast Profile
2021-06-22 17:10
What about the mandatory reporting of international EFTs?
That's for Mr. Gallivan.
Ted Gallivan
View Ted Gallivan Profile
Ted Gallivan
2021-06-22 17:10
It has identified some taxpayers who were flying under the radar. That's part of why we have more than a thousand audits.
In fact, our challenge isn't identifying taxpayers we should audit but getting the audits done. That's why budget 2021 gave us new resources for litigation. We have almost 100% of these taxpayers who litigate during the audit to obstruct our efforts to get the information we need, which is why they take longer and why we have to give them more time.
View Gabriel Ste-Marie Profile
BQ (QC)
Thank you.
I come to my second question.
Will this coverage ensure that the consumer enjoys as much protection as he would have had he made a traditional payment through a bank?
I have my doubts.
Erin O'Brien
View Erin O'Brien Profile
Erin O'Brien
2021-05-17 11:28
I would say that in general, the principle is to ensure that financial consumers have the same level of protection whether or not they're issuing a payment through a regulated financial institution or a payment service provider. That's certainly the overall intention.
View Gabriel Ste-Marie Profile
BQ (QC)
If I understand your answer correctly, the intention is to offer the same degree of protection as that of a traditional payment made through a bank.
My third question is the following. Payments made from one individual to another, or between a business and an individual, and so on, fall squarely under Quebec's civil code. In your presentation, you said that the act stipulates that there must be communication with the provinces.
How can you guarantee that the bill will not infringe the civil code of Quebec which has been in use for centuries?
Erin O'Brien
View Erin O'Brien Profile
Erin O'Brien
2021-05-17 11:29
Initially our intention is to articulate protections around safeguarding end-user funds and operational risk management. Market conduct would be addressed at a later point in time.
I can assure you that we have undertaken significant consultations with all of the provinces and territories, but in particular with Quebec, which recognizes that this is an area of complementary powers and authority and objectives. We have addressed a number of concerns that the Quebec government raised in the consultations to ensure that we are respecting its perspective and jurisdiction in this area.
Notably, we have excluded provincially regulated institutions from the scope of this framework. In addition, we have included a recognition mechanism whereby, should any province or territory develop an approach that is significantly similar to the protections that would be provided under the RPAA, those would be recognized and addressed outside of the framework if necessary.
We feel that we've balanced the shared jurisdiction in this area.
View Annie Koutrakis Profile
Lib. (QC)
View Annie Koutrakis Profile
2021-05-17 11:31
Thank you, Mr. Chair.
My colleague Monsieur Ste-Marie covered with his last question most of my question.
Ms. O'Brien, I would be interested to know if you could elaborate a little further on the process of the consultation. What is the actual process when you're consulting with provinces and territories? I'm specifically interested in the province of Quebec.
Erin O'Brien
View Erin O'Brien Profile
Erin O'Brien
2021-05-17 11:31
This legislation has been a long time in coming. It is a complex area. We've been working on it for a number of years. We issued a public consultation paper. In fact, there were two: the first one was back in 2015. There was a second public consultation paper in 2017, after which we considered comments received and adjusted our approach accordingly.
In addition to the public consultations, we have consulted explicitly with the provinces and the territories, not only in terms of our broad policy approach, but in terms of sharing the draft legislation with them as well.
You asked specifically, though, about our outreach with our colleagues in Quebec. We have a long, strong relationship with our counterparts at the Quebec Ministry of Finance. We've had several discussions with them over the years. We have shared the draft legislation with them for their comments and, as I mentioned in my response to the previous question, altered our approach to deal with two substantive concerns they had: notably, that we exclude provincially regulated institutions from the scope of the legislation, and that we include a recognition mechanism should any province or territory decide one day that they are going to stand up a similar oversight framework. In that way, we've addressed their two concerns. We remain in close contact with them, and have committed to continue that spirit of collaboration as we move forward in terms of developing the regulations and necessary guidance that will be required to stand up this legislation.
View Ed Fast Profile
CPC (BC)
View Ed Fast Profile
2021-05-17 11:45
It's not a matter of the government insuring these payments, but it's a matter of putting in place very strict security requirements so that the resources are always there to satisfy the payment obligations. Is that correct?
View Gabriel Ste-Marie Profile
BQ (QC)
Once the consultation process for division 8—which enacts the Retail Payment Activities Act—comes to an end, you have no plans to give Amazon, Walmart and other tech giants the same ability that financial institutions have to provide payment tools.
View Chrystia Freeland Profile
Lib. (ON)
No.
We realize three things.
First, we understand that Canada's situation is unique. The reality is that the Quebec Civil Code exists, as you said, and any actions we take must be acceptable to all the provinces and territories. That makes Canada's situation unique.
Second, we understand that this is the 21st century. Technology and the global economy are changing rapidly, so we need to pay close attention to those changes. Canada and Quebec want to—and must—be part of the modern economy.
Third, we must always protect Canadian businesses and citizens. That means ensuring the playing field is always level for Canadians and foreign companies.
View Jenny Kwan Profile
NDP (BC)
Would you support a universal direct payment for people with disabilities, similar to the CERB?
Olivier Villeneuve
View Olivier Villeneuve Profile
Olivier Villeneuve
2020-05-22 13:03
Absolutely. People with a disability sometimes have a severe limitation to employment. So they depend on social solidarity. Given what is currently happening, the pandemic is changing many people's habits. To make ends meet, some people have had to get food assistance, but that is becoming increasingly difficult. So people have additional expenses.
If there were a more financially viable measure than social solidarity, we would clearly not be against it.
View Kim Rudd Profile
Lib. (ON)
Thank you. I think airlines, as an example, have certainly gone to plastic and no cash.
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