Proceedings of the Standing Senate Committee on
Banking, Trade and Commerce
Issue 5 - Minutes of Proceedings
OTTAWA, Wednesday, April 21, 2010
(7)
[English]
The Standing Senate Committee on Banking, Trade and Commerce met this day at 4:28 p.m., in room 9, Victoria Building, the chair, the Honourable Michael A. Meighen, presiding.
Members of the committee present: The Honourable Senators Gerstein, Greene, Harb, Hervieux-Payette, P.C., Kochhar, Massicotte, Meighen, Mockler, Moore, Ringuette and St. Germain, P.C. (11).
Other senator present: The Honourable Senator Murray, P.C. (1).
In attendance: John Bulmer, Analyst, Parliamentary Information and Research Service; June M. Dewetering, Chief, Macroeconomics, Library of Parliament; and Francine Pressault, Communications Officer, Communication Directorate.
Also in attendance: The official reporters of the Senate.
Pursuant to the order of reference adopted by the Senate on Wednesday, March 24, 2010, the committee continued its examination on extent to which Canadians in Tax-Free Savings Accounts and registered retirement savings plans. (For complete text of the order of reference, see proceedings of the committee, Issue No. 3.)
WITNESSES:
As individuals:
Gordon Pape, Publisher, The Income Investor, Mutual Funds/ETF's Update, The Canada Report and the Internet Wealth Builder;
David Dodge, Senior Advisor for Bennett Jones LLP, Chancellor of Queen's University.
Mr. Pape made a statement and answered questions.
At 5:15 p.m., the committee suspended.
At 5:20 p.m., the committee resumed.
Mr. Dodge made a statement and answered questions.
At 6:21 p.m., the committee adjourned to the call of the chair.
ATTEST:
OTTAWA, Thursday, April 22, 2010
(8)
[English]
The Standing Senate Committee on Banking, Trade and Commerce met this day at 10:30 a.m., in room 9, Victoria Building, the chair, the Honourable Michael A. Meighen, presiding.
Members of the committee present: The Honourable Senators Gerstein, Greene, Harb, Hervieux-Payette, P.C., Kochhar, Massicotte, Meighen, Mockler, Moore, Ringuette and St. Germain, P.C. (11).
In attendance: John Bulmer, Analyst, Parliamentary Information and Research Service; June M. Dewetering, Chief, Macroeconomics, Library of Parliament; and Francine Pressault, Communications Officer, Communication Directorate.
Also in attendance: The official reporters of the Senate.
Pursuant to the order of reference adopted by the Senate on Wednesday, March 24, 2010, the committee continued its examination of the extent to which Canadians in Tax-Free Savings Accounts and registered retirement savings plans. (For complete text of the order of reference, see proceedings of the committee, Issue No. 3.)
WITNESSES:
As individuals:
Leo Kolivakis, Independent Pension Analyst;
James Pierlot, Pension Lawyer and Consultant;
Kevin Milligan, Assistant Professor of Economics, University of British Columbia.
Informetrica Limited:
Richard Shillington, Potential Value of Tax-Free Savings Accounts (by video conference).
Mr. Pierlot and Mr Kolivakis each made a statement and answered questions.
At 11:30 a.m., the committee suspended.
At 11:35 a.m., the committee resumed.
Mr. Milligan and Mr Shillington each made a statement and answered questions.
At 12:34 p.m., the committee adjourned to the call of the chair.
ATTEST:
Line Gravel
Clerk of the Committee