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

Second Session, Thirty-ninth Parliament, 2007-08

Chair: The Honourable W. DAVID ANGUS

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Wednesday, April 30, 2008

Issue No. 17

Ninth meeting on:

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

• Minutes of Proceedings
• Transcript (Evidence) of Proceedings (90K)

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APPEARING:

The Honourable James M. Flaherty, P.C., M.P., Minister of Finance

WITNESSES:

Department of Finance Canada:

Brian Ernewein, General Director, Senior Assistant Deputy Minister's Office, Tax Policy Branch;

Gérard Lalonde, Director, Tax Legislation Division, Tax Policy Branch.

Investment Counsel Association of Canada:

Katie A. Walmsley, President;

Tom Johnston, Chair, ICAC Industry, Regulation and Tax Committee.

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MEMBERS OF THE COMMITTEE

The Honourable W. David Angus, Chair

The Honourable Yoine Goldstein, Deputy Chair

and

The Honourable Senators:

Banks, Biron, Dawson, Eyton, Fox, P.C., Harb, *Hervieux-Payette, P.C. (or Tardif), Jaffer, *LeBreton, P.C. (or Comeau), Meighen, Ringuette, Tkachuk

*Ex officio members

(Quorum 4)

Changes in membership of the committee:

Pursuant to rule 85(4), membership of the committee was amended as follows:

The name of the Honourable Senator Moore substituted for that of the Honourable Senator Banks (April 17, 2008).

The name of the Honourable Senator Eyton substituted for that of the Honourable Senator Johnson (April 17, 2008).

The name of the Honourable Senator Banks substituted for that of the Honourable Senator Moore (April 30, 2008).

The name of the Honourable Senator Dawson substituted for that of the Honourable Senator Massicotte (April 30, 2008).

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