Good morning, Mr. Chair.

My name is Cathy Hawara and I am the assistant commissioner of the compliance programs branch at the Canada Revenue Agency. I am joined by Lise Martineau and Stephanie Martin, whom you've already introduced. I want to thank you for inviting us to attend your meeting today.

As you know, the Department of Finance is responsible for developing and evaluating federal tax policy and the legislation through which policy becomes law. As the tax administrator, the Canada Revenue Agency is responsible for the implementation of these laws, including providing information to taxpayers and stakeholders about tax obligations, establishing processes through which individuals and businesses may meet their tax obligations and receive their benefits and, of course, carrying out compliance activities to ensure that taxpayers respect the law, as intended by Parliament.

In that context, the CRA has put in place the structure required to be ready to administer and enforce the global minimum tax act, the GMTA, if and when it is passed by Parliament and receives royal assent. The GMTA will implement in Canada the pillar two/global minimum tax regime developed by the OECD/G20 inclusive framework on base erosion and profit shifting.

Globally, tax administrations have been preparing for the implementation of pillar two. This has included working with the appropriate bodies of the inclusive framework on the administrative aspects related to the implementation of pillar two, with a view to ensuring consistency and practicality in implementation.

The CRA is currently focused on preparing for the domestic implementation of pillar two and the GMTA. Forms are under development and system enhancements are under way to allow for the electronic filing of those forms. There are also exchange-of-information requirements and registration requirements being developed, and, equally important, technical expertise is being developed within the CRA.

The largest Canadian and foreign multinational enterprise groups, along with their individual entities, will be in the scope of the GMTA. As Canadian taxpayers, these groups and entities are already familiar with the CRA's filing systems and electronic systems, as well as our compliance activities. The CRA plans to work closely with the tax community on the implementation of this global regime.

This concludes my opening remarks. My colleagues and I are pleased to answer any questions the committee may have.