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Citizenship and Immigration committee  Thank you, Mr. Chair. Very unfortunately, I do not have any information about flows of money or investments between Canada and China.

June 5th, 2024Committee meeting

Sven Linkruus

Citizenship and Immigration committee  Thank you. I'm not aware of any such agreement, but I would have to consult internally with perhaps some of our tax policy experts who deal with these international tax types of treaties.

June 5th, 2024Committee meeting

Sven Linkruus

Citizenship and Immigration committee  I am not personally aware of that agreement, but I'm sure there's somebody in another part of the Department of Finance who would have information about that.

June 5th, 2024Committee meeting

Sven Linkruus

Citizenship and Immigration committee  Those regulations are the requirements of the Hong Kong regulatory authorities in order to release money from the funds. Those are the regulations and rules that the Canadian financial institutions, whose subsidiaries are in Hong Kong, have to follow.

June 5th, 2024Committee meeting

Sven Linkruus

Citizenship and Immigration committee  I don't have any information on the specific content or, perhaps, exceptions that might be in the Hong Kong regulations.

June 5th, 2024Committee meeting

Sven Linkruus

Citizenship and Immigration committee  We are not specifically aware of any identifiable cases that Canadian insurance companies that are active in Hong Kong have had. No specific cases have been brought to our attention.

June 5th, 2024Committee meeting

Sven Linkruus

Citizenship and Immigration committee  We're aware of the general situation whereby, as we understand it, the rules of the mandatory provident fund are that if you are going to leave Hong Kong, you have to establish permanent residency in your new country and sign some sort of document to say that you're not coming back to Hong Kong.

June 5th, 2024Committee meeting

Sven Linkruus

Citizenship and Immigration committee  I'm sorry. Was the question whether there's a provision for former Hong Kong residents to receive—

June 5th, 2024Committee meeting

Sven Linkruus

Citizenship and Immigration committee  I'm sorry, but I don't have any information on the reciprocity issue with respect to exchange of pension benefits between Canada and other countries.

June 5th, 2024Committee meeting

Sven Linkruus

International Trade committee  Thanks, Mr. Allen. The financial services chapter doesn't deal directly with it, but it does include a prudential carve-out that would allow all regulatory authorities to take measures to protect the integrity of the financial system, which would include measures against money laundering that agencies such as FINTRAC would implement in conjunction with Finance Canada and the government more broadly.

February 14th, 2022Committee meeting

Sven Linkruus