Proceedings of the Standing Senate Committee on
National Finance
Issue 18 - Minutes of Proceedings
OTTAWA, Tuesday, June 19, 2007
(44)
[English]
The Standing Senate Committee on National Finance met this day, at 9:09 a.m., in room 9, Victoria Building, the Chair, the Honourable Joseph A. Day, presiding.
Members of the committee present: The Honourable Senators Biron, Cowan, Day, Di Nino, Eggleton, P.C., Mitchell, Murray, P.C., Nancy Ruth, Ringuette, Rompkey, P.C. and Stratton (11).
Other senators present: The Honourable Senators Angus, Baker, P.C., Cordy, Fox, P.C., Gustafson, Mercer and Moore (7).
In attendance: Tara Gray and Lydia Scratch, Analysts, 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 Monday, June 18, 2007, the committee began its study on Bill C-52, to implement certain provisions of the budget tabled in Parliament on March 19, 2007.
APPEARING:
The Honourable James Michael Flaherty, P.C., M.P., Minister of Finance.
WITNESSES:
Department of Finance Canada:
Paul Rochon, Acting Assistant Deputy Minister, Economic and Fiscal Policy Branch;
Gérard Lalonde, Assistant Director, Tax Legislation Division, Tax Policy Branch;
Barbara Anderson, Assistant Deputy Minister, Federal-Provincial Relations and Social Policy Branch;
Frank Vermaeten, General Director, Federal-Provincial Relations and Social Policy Branch;
Brian Ernewein, General Director, Tax Policy Branch;
Alfred LeBlanc, Director, Federal- Provincial Relations and Social Policy Branch;
Richard Botham, Director, Microeconomic Policy Analysis Division, Economic Development and Corporate Finance Branch.
The Chair made a statement.
The minister made a statement and, together with the other witnesses, answered questions.
At 10:20 a.m. the committee suspended.
At 10:24 a.m., the committee resumed.
The witnesses continued to answer questions.
At 11:37 a.m., the committee adjourned to the call of the Chair.
ATTEST:
OTTAWA, Tuesday, June 19, 2007
(45)
[English]
The Standing Senate Committee on National Finance met this day, at 2:00 p.m., in room 9, Victoria Building, the Chair, the Honourable Joseph A. Day, presiding.
Members of the committee present: The Honourable Senators Biron, Cowan, Day, Di Nino, Eggleton, P.C., Mitchell, Murray, P.C., Nancy Ruth, Ringuette, Rompkey, P.C. and Stratton (11).
Other senators present: The Honourable Senators Angus, Baker, P.C., Banks, Cochrane, Cordy, Fox, P.C., Furey, Gustafson, McCoy, Mercer, Moore, Phalen, Spivak, St. Germain, P.C. and Trenholme Counsell (15).
In attendance: Tara Gray and Michael Holden, Analysts, 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 Monday, June 18, 2007, the committee continued its study on Bill C-52, to implement certain provisions of the budget tabled in Parliament on March 19, 2007.
APPEARING:
The Honourable Rodney J. MacDonald, M.L.A., Premier of Nova Scotia;
The Honourable Michael Baker, Q.C., M.L.A., Minister of Finance, Government of Nova Scotia.
WITNESSES:
Government of Nova Scotia:
Vicky Harnish, Deputy Minister of Finance;
Liz Cody, Assistant Deputy Minister of Finance.
As an individual (by video conference):
Jack M. Mintz, Professor of Business Economics, Rotman School of Management, University of Toronto; Visiting Professor, New York University Law School.
Canadian Association of Income Funds:
Mr. George Kestevan, President.
The Chair made a statement.
The premier and the minister each made a statement and answered questions.
At 3:53 p.m., the committee suspended.
At 4:02 p.m., the committee resumed.
The Chair made a statement.
Mr. Mintz made a statement and answered questions.
At 4:48 p.m., the committee suspended.
At 4:50 p.m., the committee resumed.
The Chair made a statement.
Mr. Kestevan made a statement and answered questions.
At 5:13 p.m. the committee suspended.
At 6:01 p.m., the committee resumed.
Mr. Kestevan continued to answer questions.
At 6:20 p.m., the committee adjourned to the call of the Chair.
ATTEST:
OTTAWA, Tuesday, June 19, 2007
(46)
[English]
The Standing Senate Committee on National Finance met this day, at 6:23 p.m., in room 9, Victoria Building, the Chair, the Honourable Joseph A. Day, presiding.
Members of the committee present: The Honourable Senators Biron, Cowan, Day, Di Nino, Eggleton, P.C., Hervieux-Payette, P.C., Mitchell, Murray, P.C., Nancy Ruth, Ringuette, Rompkey, P.C. and Stratton (12).
Other senators present: The Honourable Senators Angus, Baker, P.C., Banks, Cochrane, Dawson, Downe, Fox, P.C., Furey, Gustafson, Hubley, McCoy, Moore, Phalen, Spivak, St. Germain, P.C. and Trenholme Counsell (16).
In attendance: Tara Gray and Michael Holden, Analysts, 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 Monday, June 18, 2007, the committee continued its study on Bill C-52, to implement certain provisions of the budget tabled in Parliament on March 19, 2007.
WITNESSES:
As individuals:
The Honourable John C. Crosbie, P.C., Q.C., Partner, Cox & Palmer;
Roland Martin, Chairman, Martillac Limited.
The Chair made a statement.
Mr. Crosbie and Mr. Martin each made a statement and answered questions.
At 7:49 p.m., the committee adjourned to the call of the Chair.
ATTEST:
Lynn Gordon
Acting Clerk of the Committee