Thank you, Madam Chair. The regional COLO, which is what the Member is speaking of, is a tier system already. It's in regulations that it will be that way. Unfortunately, for the Canada Revenue Agency they could not get it in place to start this fiscal year, which for them, the benefit year starts July 1st. So on July 1st, you're receiving the COLO as if you're in small -- they're in the southern region where it's the low rate. But come this fall, so the next -- so that's the July payment. There is going to be the next quarterly payment will also be on that regional one, then the CRA will have got the regional ones in place and everybody that is in the larger regions will get a lump sum retroactive payment for those first two quarters. And going forward, they will receive the tiered system.
Ms. Bluck on Committee Motion 491-19(2): Bill 74: Forest Act - Amend New Clause 128.1, Defeated
In the Legislative Assembly on October 3rd, 2023. See this statement in context.
Committee Motion 491-19(2): Bill 74: Forest Act - Amend New Clause 128.1, Defeated
Consideration In Committee Of The Whole Of Bills And Other Matters
October 3rd, 2023
Page 6680
Bluck
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