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

Issue 21 - Minutes of Proceedings


OTTAWA, Wednesday, June 4, 2008
(33)

[Français]

The Standing Senate Committee on Banking, Trade and Commerce met at 4:06 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, Eyton, Fox, P.C., Goldstein, Harb, Jaffer, Massicotte, Meighen, Moore, Ringuette and Tkachuk (11).

In attendance: June Dewetering, Analyst, 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:

Stephen Ruby, Senior partner, Davies Ward Phillips & Vineberg LLP.

Joint Committee on Taxation (Canadian Institute of Chartered Accountants/ Canadian Bar Association):

Paul K. Tamaki, Chair, National Taxation Law Section, CBA and Co-Chair, CICA/CBA Joint Committee on Taxation;

Bruce Harris, Co-Chair, CICA/CBA Joint Committee on Taxation.

Mr. Ruby made a statement and answered questions.

At 5:12 p.m., the committee suspended.

At 5:15 p.m., the committee resumed.

Mr. Tamaki and Mr. Harris made statements and answered questions.

At 6:16 p.m., the committee adjourned to the call of the chair.

ATTEST:


OTTAWA, Thursday, June 5, 2008
(34)

[Français]

The Standing Senate Committee on Banking, Trade and Commerce met at 10:50 a.m., this day, in room 9, Victoria Building, the deputy chair, the Honourable Yoine Goldstein, presiding.

Members of the committee present: The Honourable Senators Biron, Eyton, Fox, P.C., Goldstein, Harb, Jaffer, Massicotte, Moore, Ringuette and Tkachuk (10).

Other senators present: The Honourable Senators Dawson and Nolin (2).

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:

City of Montreal:

Gérald Tremblay, Mayor.

City of Toronto:

David Miller, Mayor.

Mr. Tremblay and Mr. Miller each made a statement and answered questions.

At 12:28 p.m., the committee adjourned to the call of the chair.

ATTEST:

Line Gravel

Clerk of the Committee


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