Bill C-230 — Loi modifiant la Loi sur la gestion des finances publiques et d’autres lois en conséquence (registre de créances visées par une renonciation)
Tracking Government Debt Relief
Ce projet de loi créerait un registre public en ligne. Ce registre listerait les dettes de plus de 1 million $ que des compagnies doivent au gouvernement et qui ont été annulées ou pardonnées. Le registre montrerait le nom de la compagnie, le montant annulé, et la loi concernée. Le projet de loi permettrait aussi de partager des informations fiscales pour créer ce registre.
I think it's good to try to make things more open and honest. I see some possible problems with this plan that we need to look at closely, like privacy and costs. But overall, I think this is a good idea and I want to keep working on it.
I think this bill is good because it will make the government more open about forgiven debts. It will help us track loans that are not paid back, which is important because the government is giving out more loans to help businesses.
I think it's wrong that the government tracks regular Canadians but hides tax debts owed by big companies. My bill would make public a list of companies that have had over $1 million in debt forgiven, so Canadians can see who isn't paying their fair share.
The Canadian Parliament voted to create a list of debts over $2 million that the government has decided not to collect. A member of Parliament wanted to make the government more open about these decisions. Now, it will be easier to see how the government handles large unpaid debts.
This article focuses on the MP who proposed the law and the goal of increasing transparency.
The article accurately describes the purpose of the bill as creating a public registry of debt write-offs.
Where this proposed law falls on the policy spectrums that Canadians care about
Choisissez vos 3 priorités pour voir comment ce projet de loi correspond à ce qui vous tient à cœur.
Inscription gratuite — 30 sThis proposed law creates a public database of forgiven debts over $1 million owed to the government by corporations, trusts, and partnerships. This will increase transparency, but it leaves the details of what 'other information' will be included up to the President of the Treasury Board.
Things to Watch For
- It is unclear how quickly forgiven debts will be added to the registry.
- The law does not specify how long information will remain in the registry.
- The law does not address debts forgiven before the law comes into effect.
- It is unclear what specific 'other information' the President of the Treasury Board will require.
- The law only applies to debts of one million dollars or more, leaving smaller debts less transparent.
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How likely this proposed law is to be approved
This is a private member's proposed law, meaning it wasn't proposed by the government, and it's still early in the process. Private member's proposed laws rarely pass.
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