Proceedings of the Standing Senate Committee on
Banking, Trade and Commerce
Issue 19 - Minutes of Proceedings
OTTAWA, Wednesday, May 14, 2008
(29)
[English]
The Standing Senate Committee on Banking, Trade and Commerce met at 4:12 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, Biron, Eyton, Fox, P.C., Goldstein, Gustafson, Harb, Massicotte, Moore, Ringuette and Tkachuk (11).
Other senators present: The Honourable Senators Banks, Brown, Corbin, Cowan and Spivak (5).
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.)
WITNESSES:
As an individual:
David Cronenberg, Director.
COMPAS Inc.:
Conrad Winn, President.
Senator Goldstein declared that he would like to present a point of order.
After debate, it was agreed to differ the matter to the end of the meeting.
Mr. Cronenberg made a statement and answered questions.
At 5:45 p.m., the committee suspended.
At 5:50 p.m., the committee resumed.
Mr. Winn made a statement and answered questions.
It was agreed to postpone the debate on the matter raised by Senator Goldstein to tomorrow's meeting.
At 6:25 p.m., the committee adjourned until 10:45 a.m., Thursday, May 15, 2008.
ATTEST:
OTTAWA, Thursday, May 15, 2008
(30)
[English]
The Standing Senate Committee on Banking, Trade and Commerce met at 10:50 a.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, Biron, Brown, Eyton, Fox, P.C., Goldstein, Harb, Massicotte, Moore, Ringuette and Tkachuk (11).
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.)
WITNESSES:
Osler, Hoskin & Harcourt LLP:
Patrick Marley, Partner.
Mr. Marley made a statement and answered questions.
At 12 p.m., the committee suspended.
At 12:05 p.m., the committee resumed and pursuant to rule 92(2)(e), the committee proceeded in camera to consider a draft agenda.
It was moved that senators' staff remain in the room for the in camera portion of the meeting.
The question being put on the motion, it was negatived.
It was agreed that the in camera meeting be transcribed.
It was agreed that the Subcommittee on Agenda and Procedure would meet more regularly.
At 12:35 p.m., the committee adjourned to the call of the chair.
ATTEST:
Line Gravel
Clerk of the Committee