The Canadian Parliament is considering Motion M-92, which was submitted by MP Mike Morrice in September 2023 for the extension of the Canada Recover Dividend (CRD) to fossil fuel companies and has since been jointly seconded by three additional MPs. Introduced as part of the Fall Economic Statement Implementation Act, 2022, the CRD applies on banking and life insurance groups as a one-time 15% tax on average taxable income of 2020 and 2021 in excess of CAD 1 billion. It is payable in five eq…