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House Hansard - 129

44th Parl. 1st Sess.
November 17, 2022 10:00AM
Context: House Hansard - 129 - Nov/17/22
Mr. Daniel Blaikie
  • Nov/17/22 12:05:27 p.m.
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  • Re: Bill C-32 
Madam Speaker, the way it works in the pandemic dividend in the legislation the government has crafted is that it establishes a baseline profit in advance of the pandemic. Then it looks at the pandemic window and how much more profit was made during the pandemic compared to baseline. That is how it comes up with a threshold. It then applies a tax for profits over that threshold. There is a reasonable method already in place that could be applied to other industries. It would capture industry sensitive differences with respect to the level of profit. We do not like the words “cookie cutter”, but the way this works could be applied to other industries. The level of sensitivity that would be needed and expected is already in the mechanism.
132 words
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