National Finance – October 31, 2017 – Part 2

In Committee from the Senate of Canada

National Finance – October 31, 2017 – Part 2

Parliamentary Budget Officer Jean-Denis Fréchette discusses his office’s latest fiscal sustainability report. Mostafa Askari (assistant parliamentary budget officer) and Chris Matier (senior director of economic and fiscal analysis) also testify.

Senators then resume their study of proposed changes to the Income Tax Act affecting private corporations. Canada Revenue Agency officials Geoff Trueman (assistant commissioner, Legislative Policy and Regulatory Affairs Branch) and Stéphane Prud’homme (director of the reorganizations division, Income Tax Rulings Directorate) discuss CRA’s interpretation of the provisions and how it will implement the proposed changes.