Proceedings of the Standing Senate Committee on
Banking, Trade and Commerce

Issue 22 - Twelfth Report of the Committee

THURSDAY, June 4, 1998

The Standing Senate Committee on Banking, Trade and Commerce has the honour to present its

TWELFTH REPORT

Your committee, to which was referred the Bill C-28, An Act to amend the Income Tax Act, the Income Tax Application Rules, the Bankruptcy and Insolvency Act, the Canada Pension Plan, the Children's Special Allowances Act, the Companies' Creditors Arrangement Act, the Cultural Property Export and Import Act, the Customs Act, the Customs Tariff, the Employment Insurance Act, the Excise Tax Act, the Federal-Provincial Fiscal Arrangements Act, the Income Tax Conventions Interpretation Act, the Old Age Security Act, the Tax Court of Canada Act, the Tax Rebate Discounting Act, the Unemployment Insurance Act, the Western Grain Transition Payments Act and certain Acts related to the Income Tax Act, has examined the said Bill in obedience to its Order of Reference dated Tuesday, May 12, 1998, and now reports the same without amendment, but with observations which are appended to this report.

Respectfully submitted,

MICHAEL KIRBY

Chairman

(For text of the observations, see appendix )