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

Issue 18 - Minutes of Proceedings

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OTTAWA, Thursday, June 7, 2001
(20)

[English]

The Standing Committee on Banking, Trade and commerce met at 11:00 a.m. this day, in Room 505, Victoria Building, the Chairman, the Honourable Senator Kolber, presiding.

Members of the committee present: The Honourable Senators Angus, Furey, Hervieux-Payette, P.C., Kelleher, P.C., Kolber, Kroft, Oliver, Poulin, Setlakwe, Tkachuk and Wiebe (11).

In attendance: From the Parliamentary Research Branch, Library of Parliament, Economic Division: Mr. Alexandre Laurin, Research Officer.

Also in attendance: The official reporters of the Senate.

APPEARING:

Roy Cullen, M.P., Parliamentary Secretary to the Minister of Finance.

WITNESSES:

From the Department of Finance:

Gérald Lalonde, Senior Chief, Tax Legislation Division;

Wallace Conway, Chief, Corporate Reorganization and Capital Gains;

Lise Potvin, Senior Chief, Employment and Investment;

Kevin Shoom, Tax Policy Officer, Personal Income Tax Division, Tax Policy Branch.

Pursuant to the Order of Reference adopted by the Senate on Wednesday, May 30, 2001, the committee began its examination of Bill C-22, to amend the Income Tax Act, the Income Tax Application Rules, certain Acts related to the Income Tax Act, the Canada Pension Plan, the Customs Act, the Excise Tax Act, the Modernization of Benefits and Obligations Act and another Act related to the Excise Tax Act.

Mr. Cullen made a statement and the officials from the Department of Finance answered questions.

Senator Hervieux-Payette, P.C., moved, - That the committee proceed with clause by clause consideration of Bill C-22.

The question being put on the motion, it was - Resolved in the affirmative.

It was agreed, - That the title stand postponed.

It was agreed, - That clause 1, the short title, stand postponed.

It was agreed, - That clauses 2 to 63 carry.

It was agreed, - That Part I, clauses 64 to 195, carry.

It was agreed, - That Part II, clauses 196 to 237, carry.

It was agreed, - That Part III, clauses 238 to 248, carry.

It was agreed, - That Part IV, clause 249, carry.

It was agreed, - That Part V, clause 250, carry.

It was agreed, - That Part VI, clauses 251 and 252, carry.

It was agreed, - That Part VII, clause 253, carry.

It was agreed, - That Part VIII, clause 254, carry.

It was agreed, - That Part IX, clauses 255 and 256, carry.

It was agreed, - That Part X, clauses 257 to 262, carry.

It was agreed, - That Part XI, clause 263, carry.

It was agreed, - That Part XII, clause 264, carry.

It was agreed, - That clause 1, the short title, carry.

It was agreed, - That the title carry.

It was agreed, - That the Bill carry.

It was agreed, - That Bill C-22 be reported to the Senate.

At 11:50 a.m., the committee adjourned to the call of the Chair.

ATTEST:

Denis Robert

Clerk of the Committee

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