Proceedings of the Standing Senate Committee on
National Finance
Issue 10 - Minutes of Proceedings
OTTAWA, Tuesday, February 13, 2007
(27)
[English]
The Standing Senate Committee on National Finance met this day at 9:34 a.m. in room 2, Victoria Building, the Chair, the Honourable Joseph A. Day, presiding.
Members of the committee present: The Honourable Senators Cowan, Day, Di Nino, Eggleton, P.C., Mitchell, Murray, P.C., Nancy Ruth, Ringuette, and Stratton (9).
In attendance: Tara Gray, Analyst, Parliamentary Information and Research Services, Library of Parliament.
Also present: The official reporters of the Senate.
Pursuant to the Order of Reference adopted by the Senate on Wednesday, January 31, 2007, the committee began its study of Bill C-28, to implement certain provisions of the budget tabled in Parliament on May 2, 2006.
APPEARING:
The Honourable James M. Flaherty, P.C., M.P., Minister of Finance.
WITNESSES:
Department of Finance Canada:
Gerard Lalonde, Director, Tax Legislation Division, Tax Policy Branch;
Carlos Achadinha, Chief, Sales Tax Division, Alcohol, Tobacco and Excise Legislation, Tax Policy Branch;
Alexandra MacLean, Personal Income Tax Division, Savings and Investment, Tax Policy Branch.
The Chair made an opening statement.
The Honourable Mr. Flaherty made a statement and answered questions.
At 10:34 a.m., the committee suspended.
At 10:38 a.m., the committee resumed.
The Chair made a statement.
The witnesses answered questions.
At 11:08 a.m., the committee suspended.
At 11:10 a.m., the committee resumed.
It was agreed that the committee proceed to clause-by-clause consideration of Bill C-28, to implement certain provisions of the budget tabled in Parliament on May 2, 2006.
With leave, it was agreed that the committee consider the clauses grouped by the three parts contained in the bill.
It was agreed that the title stand postponed.
It was agreed that clause 1 (short title) stand postponed.
It was agreed that clauses 2 to 42 of Part I carry, on division.
It was agreed that clauses 43 to 54 of Part II carry, on division.
It was agreed that clauses 55 to 63 of Part III carry, on division.
It was agreed that clause 1 (short title) carry.
It was agreed that the title carry.
It was agreed that the bill carry, on division.
It was agreed that the Chair report the bill to the Senate without amendment.
At 11:12 a.m., the committee adjourned to the call of the Chair.
ATTEST:
OTTAWA, Tuesday, February 20, 2007
(28)
[English]
The Standing Senate Committee on National Finance met this day at 9:35 a.m. in room 2, Victoria Building, the Deputy Chair, the Honourable Nancy Ruth, presiding.
Members of the committee present: The Honourable Senators Di Nino, Eggleton, P.C., Mitchell, Murray, P.C., Nancy Ruth, Ringuette, and Stratton (7).
Other senator present: The Honourable Senator Segal (1).
In attendance: Tara Gray and Lydia Scratch, Analysts, Parliamentary Information and Research Services, Library of Parliament, and Lynn Gordon, Committee Clerk, Committees Directorate, the Senate.
Also present: The official reporters of the Senate.
Pursuant to the Order of Reference adopted by the Senate on Wednesday, October 18, 2006, the committee continued its study of Bill S-217, to amend the Financial Administration Act and the Bank of Canada Act (quarterly financial reports). (For complete text of Order of Reference, see proceedings of the committee, Issue No. 9, dated January 30, 2007.)
WITNESSES:
Export Development Canada:
Ken Kember, Vice-President and Corporate Controller;
Business Development Bank of Canada:
Paul Buron, Vice-President and Chief Financial Officer, Finance, Systems and Technology, Treasury and Enterprise Risk Management;
Stefano Lucarelli, Vice-President, Finance.
Office of the Auditor General of Canada:
John Wiersema, Deputy Auditor General;
Doug Timmins, Assistant Auditor General.
Bank of Canada:
Paul Jenkins, Senior Deputy Governor.
Mr. Kember, Mr. Buron, Mr. Wiersema and Mr. Jenkins each made a statement.
The witnesses answered questions.
At 10:45 a.m., the committee adjourned to the call of the Chair.
ATTEST:
Catherine Piccinin
Clerk of the Committee