Committee
Consult the user guide
For assistance, please contact us
Consult the user guide
For assistance, please contact us
Add search criteria
Results: 1 - 15 of 3512
View Larry Maguire Profile
CPC (MB)
Thank you, Mr. Chair.
Just for clarity, Mr. McGowan, I want to go back to a question that one of my Liberal colleagues asked you earlier in this area. You said that the current plan and the message to the small business owners is that Bill C-208 will be in effect, unaltered, until November 1. Can you confirm that any small business transfers to family members that take place between today, or even June 30, and November 1 will not be subject to retroactive application of any further amendments?
View Larry Maguire Profile
CPC (MB)
I guess my question was to do with any amendments, but a new bill coming forward.... We don't have one now, because it's law, but could a new bill coming forward by the government be retroactive?
View Larry Maguire Profile
CPC (MB)
The government was supposed to be, as the press release said yesterday, clarifying. That was the title put on it, that the government “clarifies taxation for intergenerational transfers of small business shares”, yet we have this confusion. There's a contradiction. Obviously, a correction was tried, because the government thought on June 30 that it could go retroactive and make amendments to do it. Now it's saying it can't—or won't. I think there's a big difference between “can't” and “won't”.
If you bring in a new bill, obviously it could go back retroactively, even if the press release is.... Press releases aren't law. I guess all I'm asking you is whether we can get clarification on that.
View Larry Maguire Profile
CPC (MB)
I think therein lies the point of order. She said it's not their “intention”, not that they won't. I mean, it's still ambiguous.
View Larry Maguire Profile
CPC (MB)
Thank you. I'm not sure that clarified it.
Mr. Chair, I'd like to ask if the people in the Department of Finance know whether the Justice officials were consulted on the illegality of delaying the implementation of Bill C-208. I'm talking about consultation, not advice, because we went through that this morning.
View Larry Maguire Profile
CPC (MB)
I guess I'm wondering, Mr. Chair, why it took almost 20 days for Finance to provide an updated release here. Was it because you so graciously called this committee meeting today? Was it, as was referred to earlier, a decision made by executive council or cabinet if not, as Mr. McGowan has already answered, that the minister was in charge and made that decision? Was it in fact the minister, or was it in fact executive council or cabinet?
View Larry Maguire Profile
CPC (MB)
Thank you, Mr. Chair.
In regard to Ms. Bendayan's comment, I just have to add that the reason Mr. Kelly was able to put out those kind comments was that the government was forced to appear before our committee today.
I want to thank you, Mr. Chair, for calling this meeting, because without it yesterday's press release just wouldn't have happened.
An hon. member: [Inaudible—Editor]
Mr. Larry Maguire: There's no use hiding the fact that the government recused its decision from June 30 in yesterday's press release. Mr. Kelly is quite right to say that they're pleased, but as Mr. Ste-Marie said, for 527 days the government fought this bill, and fought it hard, not only on its own—
If it was such a good bill, why didn't the government members vote for it in the House?
Nineteen of your colleagues, Mr. Chair, you included, got the fact that small businesses in your constituencies, in every constituency in Canada, are the predominant private sector employers in those constituencies.
I just want to reiterate that without the attention brought to this bill.... The government fought this all the way until yesterday, when it decided, well, this isn't very popular among small business people in Canada, so we'd better change our minds on this.
I have just a couple of quick questions, Mr. Chair. I know we still have a bit of time.
Mr. McGowan, before yesterday's press release was issued that stated the obvious, that the law is the law, were you consulted on the language in the updated release?
View Larry Maguire Profile
CPC (MB)
It goes without saying, then, that if we hadn't put up this fuss, Finance wouldn't have sent out the updated press release. What specific date were you told that a new policy decision was going to be taken?
View Larry Maguire Profile
CPC (MB)
View Larry Maguire Profile
CPC (MB)
Mr. McGowan just said you were informed.
Anyway, having said that, obviously you were informed by the government that something was going to take place and that this reversal was going to take place. Did cabinet have to approve this new policy direction, or could it solely be made by the Minister of Finance?
View Larry Maguire Profile
CPC (MB)
You know, I understand that the government doesn't like Bill C-208, but not a single amendment was put forward by the government through this whole process, and now we still don't have amendments. The government is talking about them here, but if there are amendments, why aren't we seeing them now, so that we can discuss them before a committee like today's?
Have you been asked to put forward amendments? You've had 20 years.
View Larry Maguire Profile
CPC (MB)
What specific legal authority did Finance use to release and announce this tax policy change without providing amendments?
Results: 1 - 15 of 3512 | Page: 1 of 235

1
2
3
4
5
6
7
8
9
10
>
>|
Export As: XML CSV RSS

For more data options, please see Open Data