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Government Operations committee For an average, you could do some reverse engineering on the numbers we have been citing.
June 17th, 2024Committee meeting
Yves Giroux
Government Operations committee It could be around eight out of 10, but it always depends on the profile specific to your community.
June 17th, 2024Committee meeting
Yves Giroux
Government Operations committee This is a hypothetical question that would be risky to answer without having the precise profile of people in your community, unfortunately. I know it's not the answer you'd like to have.
June 17th, 2024Committee meeting
Yves Giroux
Government Operations committee It depends on what you eliminate, whether it's just the fuel charge, or that and the performance-based pricing system that applies to large emitters. However, as I said, if we think that these measures benefit eight out of 10 households in strictly financial terms, we can follow the opposite reasoning and find that the reverse will also apply.
June 17th, 2024Committee meeting
Yves Giroux
Government Operations committee It's quite possible, given that the inclusion rate will increase for corporations, but it's also introduced at the same time as the lifetime capital gains exemption is increasing for small business owners and, at the same time, there is a new exemption for certain types of entrepreneurs.
June 17th, 2024Committee meeting
Yves Giroux
Government Operations committee That would be what you would normally expect, again, as I said, other things being equal. That may not happen equally in all sectors, especially in sectors where there are other tax incentives.
June 17th, 2024Committee meeting
Yves Giroux
Government Operations committee A number of groups have mentioned that it will impede or lower investment that would otherwise take place and, de facto, also reduce employment, again, other things being equal.
June 17th, 2024Committee meeting
Yves Giroux
Government Operations committee It's not something that is favourable to increasing productivity—that's clear.
June 17th, 2024Committee meeting
Yves Giroux
Government Operations committee As a general rule, if you tax something, there is less of it. If you tax investment, other things being equal again, it's likely and evidence or literature suggests that there should be slightly less of it if you tax something.
June 17th, 2024Committee meeting
Yves Giroux
Government Operations committee Chris will answer.
June 17th, 2024Committee meeting
Yves Giroux
Government Operations committee This will probably be the case, unless there are other changes in the portfolio, such as new government initiatives or the expiry of certain programs. We don't know for sure what will happen in the future, but in all likelihood, funding levels are likely to hold steady or increase more modestly.
June 17th, 2024Committee meeting
Yves Giroux
Government Operations committee Indeed, there are always a rather large number of claims or lawsuits.
June 17th, 2024Committee meeting
Yves Giroux
Government Operations committee It's a bit of a nebulous point, partly because it's complex, but mostly because there's a lot of confidentiality surrounding this portfolio or envelope, for obvious reasons. The government doesn't want to reveal the amount allocated to each claim or lawsuit, because it doesn't want to weaken its negotiating position.
June 17th, 2024Committee meeting
Yves Giroux
Government Operations committee I'm not aware of that number because it would require tracking over a number of years—if not decades—the liabilities on the one hand and the amounts that have been settled. I'm not aware of that particular amount.
June 17th, 2024Committee meeting
Yves Giroux
Government Operations committee This is a question that has been asked a few times, and I think Chris Matier could shed a little more light on it. I'd like to say one thing, though, before Mr. Matier answers it. We have sent our results to several people. We still have the capacity—
June 17th, 2024Committee meeting
Yves Giroux