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

Issue 13 - Minutes of Proceedings

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OTTAWA, Wednesday, April 2, 2008
(21)

[English]

The Standing Senate Committee on Banking, Trade and Commerce met at 4:10 p.m., this day, in room 9, Victoria Building, the chair, the Honourable W. David Angus, presiding.

Members of the committee present: The Honourable Senators Angus, De Bané, P.C., Eyton, Fox, P.C., Goldstein, Gustafson, Jaffer, Lapointe, Massicotte, Moore, Ringuette and Tkachuk (12).

In attendance: June Dewetering and Philippe Bergevin, Analysts, Parliamentary Information and Research Services, Library of Parliament.

Also in attendance: The official reporters of the Senate.

Pursuant to the order of reference adopted by the Senate on December 4, 2007, the committee continued its study of Bill C-10, An Act to amend the Income Tax Act, including amendments in relation to foreign investment entities and non-resident trusts, and to provide for the bijural expression of the provisions of that act. (For complete text of the order of reference, see proceedings of the committee, Issue No. 4.)

APPEARING:

The Honourable Josée Verner, P.C., M.P., Minister of Canadian Heritage.

WITNESSES:

Canadian Heritage:

Judith A. LaRocque, Deputy Minister;

Jean-Pierre Blais, Assistant Deputy Minister, Cultural Affairs;

Bruce Stockfish, General Counsel;

Annette Gibbons, Deputy Director General, Cultural Industries.

Department of Finance Canada:

Gérard Lalonde, Director, Tax Policy Branch;

Sandra Hassan, General Counsel, Director, Tax Law Division, Law Branch.

Minister Verner made a statement and, together with Ms. LaRocque, Mr. Blais, Mr. Lalonde and Mr. Stockfish, answered questions.

At 5:20 p.m., the minister left the meeting and all the witnesses continued to answer questions.

At 6:15 p.m., the committee adjourned to the call of the chair.

ATTEST:

Line Gravel

Clerk of the Committee

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