Proceedings of the Standing Senate Committee on
National Finance
Issue 16 - Minutes of Proceedings
OTTAWA, Monday, June 15, 1998
(17)
[English]
The Standing Senate Committee on National Finance met at 11:00 a.m. this day, in Room 505, Victoria Building, the Chairman, the Honourable Terrance R. Stratton, presiding.
Members of the committee present: The Honourable Senators Bolduc, Bryden, Cools, Forest, Joyal, P.C., Kinsella, Lavoie-Roux, Mercier, Moore, Rivest, Sparrow and Stratton (12).
Other senators present: The Honourable Senators Beaudoin and Simard (2).
In attendance: Mr. Guy Beaumier, Research Branch, Library of Parliament.
Also in attendance: The official reporters of the Senate.
APPEARING:
The Honourable Paul Martin, P.C., M.P., Minister of Finance.
WITNESSES:
From the Department of Finance:
Ms Jan Elliott, Assistant Director, Social Policy Division; and
Mr. Marc Grandisson, Senior Tax Policy Officer, Intergovernmental Tax Policy Division, Tax Policy Branch.
From the Department of Justice:
Mr. Yvon Carrière, Counsel, Tax Counsel Division, Law Branch.
From the Canadian Cancer Society:
Mr. Rob Cunningham, Senior Policy Analyst.
From Kamloops Indian Band:
Ms Alice McCaleb;
Mr. Kelly Harvey Ross, Advisor;
Mr. Roger Obonsawin, The O.I. Group of Companies;
Mr. Eugene Meehan, Lang Michener, Barristers & Solicitors.
From the Confédération des syndicats nationaux:
Mr. Gérald Larose, President;
Mr. Pierre Patry; President, Fédération nationale des enseignantes et enseignants du Québec;
Mr. Pierre Bonnet, Advisor; and
Mr. Eric Morin, President, National Youth Committee.
Pursuant to the Order of Reference adopted by the Senate on Monday, June 8, 1998, the committee continued its examination of Bill C-36.
The Honourable Paul Martin made a statement and, with Ms Elliott, answered questions.
It was agreed, -- That letters from Coopers & Lybrand and from Ernst & Young on the Canada Millennium Scholarship Foundation, be tabled with the committee.
Mr. Cunningham from the Canadian Cancer Society made a statement and answered questions.
Ms McCaleb, Mr. Russ and Mr. Obonsawin made a statement and, with Mr. Meehan, answered questions.
Mr. Grandisson from the Department of Finance and Mr. Carrière from the Department of Justice answered questions.
Mr. Meehan made a statement in response to the presentation by Mr. Grandisson and Mr. Carrière.
Mr. Larose made a statement and, with the assistance of the other witnesses from the Confédération des syndicats nationaux, answered questions.
At 3:15 p.m., the committee adjourned to the call of the Chair.
ATTEST:
OTTAWA, Monday, June 15, 1998
(18)
[English]
The Standing Senate Committee on National Finance met at 4:35 p.m. this day, in Room 505, Victoria Building, the Chairman, the Honourable Terrance R. Stratton, presiding.
Members of the committee present: The Honourable Senators Bolduc, Bryden, Cools, Forest, Lavoie-Roux, Losier-Cool, Mercier, Moore, Rivest, Sparrow, Stratton and Tkachuk (12).
Other senator present: The Honourable Senator Milne (1).
In attendance: Mr. Guy Beaumier, Research Branch, Library of Parliament.
Also in attendance: The official reporters of the Senate.
Pursuant to the Order of Reference adopted by the Senate on Monday, June 8, 1998, the committee continued its examination of Bill C-36.
It was agreed -- That the committee complete clause-by-clause consideration of Bill C-36.
It was agreed -- That the title be stood.
It was agreed -- That clause 1, the short title be stood.
It was moved by the Honourable Senator Bolduc -- That Bill C-36 be amended, in clause 10(a), on page 7, by replacing lines 38 and 39 with the following:
"Canada, the needs of the Canadian economy and the management of investments; and"
After debate,
The question being put on the motion, it was defeated on division.
It was moved by the Honourable Senator Bolduc -- That Bill C-36 be amended, in clause 29(1), on page 14, be replacing lines 40 and 41 with the following:
"do so and if it requested by a particular provincial minister, the Foundation shall enter into an agreement with the provincial minister respect-".
After debate,
The question being put on the motion, it was defeated on division.
It was moved by the Honourable Senator Lavoie-Roux -- That Bill C-36 be amended, in clause 8(2)(b), on page 5, by replacing lines 6 and 7 with the following:
"(b) five persons, two of whom shall be students attending an eligible institution,"
After debate,
The question being put on the motion, it was defeated on division.
It was moved by the Honourable Senator Lavoie-Roux -- That Bill C-36 be amended, in clause 27, on page 14, by replacing lines 20 to 22 with the following:
"institutions; and"
After debate,
The question being put on the motion, it was defeated on division.
It was moved by the Honourable Senator Bolduc -- That Bill C-36 be amended, on page 19, by adding the following immediately after line 23:
"42.1 The Board shall appoint an investment committee, which shall
(a) perform the duties delegated to it by the Board;
(b) approve the engagement of investment managers empowered with discretionary authority to invest the assets of the Foundation;
(c) meet with the officers and employees of the Foundation to discuss the effectiveness of the Board's investment policies and the achievement of the Foundation's objects;
(d) require management to implement and maintain appropriate procedures to
(i) monitor the application of the Board's investment policies, standards and procedures, and
(ii) ensure that the Foundation's agents comply with this Act and the Board's investment policies, standards and procedures; and
(e) review, evaluate and approve management's procedures referred to in paragraph (d).".
After debate,
The question being put on the motion, it was defeated on division.
It was moved by the Honourable Senator Bolduc -- That Bill C-36 be amended in clause 133, on page 79, by replacing line 35 with the following:
"133. Sections 2 to 46 and 127 to 132 come into force"
After debate,
The question being put on the motion, it was defeated on division.
It was moved by the Honourable Senator Tkachuk -- That Bill C-36 be amended by deleting clauses 2 to 46.
After debate,
The question being put on the motion, it was defeated on division.
It was moved by the Honourable Senator Cools -- That clauses 2 to 46 (Part 1) carry.
The question being put on the motion, it was adopted on division.
It was moved by the Honourable Senator Cools -- That clauses 47 to 56 (Part 2) carry.
The question being put on the motion, it was adopted on division.
It was moved by the Honourable Senator Cools -- That clauses 57 (Part 3) carry.
The question being put on the motion, it was adopted on division.
It was moved by the Honourable Senator Cools -- That clauses 72 to 75 (Part 5) carry.
The question being put on the motion, it was adopted on division.
It was moved by the Honourable Senator Cools -- That clauses 76 to 79 (Part 6) carry.
The question being put on the motion, it was adopted on division.
It was moved by the Honourable Senator Cools -- That clauses 84 to 90 (Part 8) carry.
The question being put on the motion, it was adopted on division.
It was moved by the Honourable Senator Cools -- That clauses 91 to 98 (Part 9) carry.
The question being put on the motion, it was adopted on division.
It was moved by the Honourable Senator Stratton -- That Bill C-36 be amended in clause 133, on page 79, by replacing line 35 with the following:
"133(1) Section 103 comes into force on the day that is two years after the day on which this act is assented to;
(2) Sections 127 to 132 come into force"
After debate,
The question being put on the motion, it was defeated on division.
It was moved by the Honourable Senator Cools -- That clauses 99 to 103 (Part 10) carry.
The question being put on the motion, it was adopted on division.
It was moved by the Honourable Senator Cools -- That clause 104 (Part 11) carry.
The question being put on the motion, it was adopted on division.
It was moved by the Honourable Senator Tkachuk -- That Bill C-36 be amended by deleting clauses 105 to 124.
After debate,
The question being put on the motion, it was defeated on division.
It was moved by the Honourable Senator Cools -- That clauses 105 to 124 (Part 12) carry.
The question being put on the motion, it was adopted on division.
It was moved by the Honourable Senator Cools -- That clauses 125 to 133 (Part 13) carry.
The question being put on the motion, it was adopted on division.
It was moved by the Honourable Senator Cools -- That clauses 58 to 62 (Part 4) carry.
The question being put on the motion, it was adopted on division.
It was moved by the Honourable Senator Cools -- That clauses 80 to 83 (Part 7) carry.
The question being put on the motion, it was adopted on division.
It was agreed -- That clause 1 carry, on division.
It was agreed -- That the Title carry, on division.
It was agreed -- That Bill C-36, carry, on division.
It was agreed -- That Bill C-36 be reported to the Senate without amendment.
It was moved by Senator Cools, That the report on Supplementary Estimates (A) for the fiscal year ending March 31, 1999 be adopted.
After debate,
The question being put on the motion, it was adopted.
It was agreed -- That Supplementary Estimates (A) for the fiscal year ending March 31, 1999 be reported to the Senate.
At 7:00 p.m., the committee adjourned to the call of the Chair.
ATTEST:
Denis Robert
Clerk of the Committee