Canadian asset liability method | CALM

liability method | accrual method | accrual method of tax allocation | asset and liability method | asset and liability method of accounting for income taxes | asset-liability method | liability method of tax allocation

Senator Angus: There are absurdities when you find the financial statement of a Canadian public company and you turn to the middle of the annual report and you have the balance sheet as per Canadian gap and the balance sheet as per U.S. gap, and a big difference in the bottom line.

Hon. Lucienne Robillard (President of the Treasury Board and Minister responsible for Infrastructure, Lib.): Mr. Speaker, in order to provide to parliamentarians and Canadians information on the government's performance, I have the honour to table, in both official languages, a report entitled “Managing for Results”, and reports on the performance of 83 departments and agencies.

Hon. Lucienne Robillard (President of the Treasury Board and Minister responsible for Infrastructure, Lib.): Mr. Speaker, in order to provide hon. members and the people of Canada with an update on government achievements, I have the pleasure to table, in both official languages, a report entitled “Managing for Results 1999”, along with performance reports from 82 departments and agencies.

Mr. Speaker, it is very difficult to speculate on what might have motivated the government's draconian decision to act in this way but, as I said earlier, it seems to be very difficult for recent governments, including this one, to understand the need for triple bottom line decisions, decisions that are based on meeting our economic needs, on ensuring that social rights are protected for ordinary Canadian families that are squeezed increasingly despite the high profits of these companies, and, of course, ensuring environmental rights that we owe to our children.