Translation of "return assets " (English → French) :

In a funded pension plan, there is a big argument among actuaries and others about what kind of rates of return are reasonable to assume because it may be that on certain assets you can earn higher rates of return than you can on government debt, but when a plan is unfunded, when it is simply an obligation that the government has taken on without any asset to back it, it seems to be very straightforward to say the discount rate you should use, the interest rate you should use is the one you see out there in the market for what governm ...[+++]ent debt is yielding right now.

The group of assets that can be held in custody should be clearly differentiated, since the duty to return lost assets should apply only to that specific category of assets.

Hence, any access obligation should fully take into account the economic viability of those investments based on their risk profile, any time schedule for the return on investment, any impact of access on downstream competition and consequently on prices and return on investment, any depreciation of the network assets at the time of the access request, any business case underpinning the investment, in particular in the physical infrastructures used for the provision of high-speed electronic communications services, and any possibility ...[+++] previously offered to the access seeker to co-deploy.

The 4 % discount rate proposed as an indicative benchmark should be based on the current long-term rate of return from an international portfolio of investments calculated as a mean return of 3 % from the assets adjusted upwards by 1 %, which is the percentage by which the average long-term government bond yield in the Union area has fallen since the financial discount rate for the 2007-2013 programming period was set.

(Return tabled) Question No. 479 Mr. Rodger Cuzner: With respect to the Canadian Revenue Agency’s (CRA) searchable charity database, and providing a detailed justification for any information that is not supplied: (a) when was the database created; (b) what was the initial cost to create the database; (c) how many staff were initially required to administer the database; (d) have there been any major upgrades to the database since it has been created, and, if so, (i) when, (ii) for what reason, (iii) at what total cost; (e) what is the annual cost to run and administer the searchable database, including, (i) staffing costs, (ii) technology costs, (iii) general administration costs, (iv) any other major costs for the fiscal years 2008-20 ...[+++]09, 2009-2010, 2010-2011; (f) to administer the database in fiscal year 2008-2009, 2009-2010, and 2010-2011, how many (i) staff positions were required, (ii) total employees were required; (g) how many charitable returns were filed with CRA for the fiscal years 2008-2009, 2009-2010, and 2010-2011; (h) what is the aggregate amount of all transactions and all disbursements, or book value in the case of investments and assets, in excess of $5,000 made by the CRA with respect to the functioning and administration of the charitable database, broken down individually by (i) name and address of payer and payee, (ii) purpose and description of the transaction, (iii) specific amount that has been paid or received or that is to be paid or received; (i) for all of the transactions referenced in subquestion (h), what is the breakdown of these transactions according to (i) disbursements for education and training activities, (ii) disbursements for general overhead, (iii) disbursements for administration, (iv) disbursements to employees and contractors including gross salary, stipends, periodic payments, benefits (including pension obligations), vehicles, bonuses, gifts, service credits, lump sum payments, and other forms of remuneration; ...

However if we look at the nine months ending December 31, 2003, we see that assets available to the Canada pension plan earned $8 billion, producing a rate of return of 13.9%. That is all CPP assets, including the $35 billion in fixed income securities currently administered by the government and subject to Bill C-3, which will transfer those securities under the control of the Canada Pension Plan Investment Board (1700) During that same time period, the portfolio managed by the Canadian Pension Plan Investment Board earned a return o ...[+++]f 26%.