Proceedings of the Standing Senate Committee on
National Finance

Issue 7 - Orders of Reference

Extract from the Journals of the Senate, Tuesday, April 27, 2010:

The Honourable Senator Gerstein moved, seconded by the Honourable Senator Segal:

That the Standing Senate Committee on National Finance be authorized to examine and report on the costs and benefits of Canada's one-cent coin to Canadian taxpayers and the overall Canadian economy;

That in conducting such study, the committee take particular note of:

(a) The recent cost-saving changes to Canada's currency system announced by the Royal Canadian Mint;

(b) The direct cost to taxpayers of producing and distributing one-cent coins in relation to their actual value;

(c) The costs and productivity implications for Canadian businesses in light of the counting, handling and redistribution requirements of the coin; and

(d) International experiences with eliminating low-denomination coins; and

That the committee submit its final report to the Senate no later than December 31, 2010, and that the committee retain all powers necessary to publicize its findings for 180 days after the tabling of the final report.

After debate,

The question being put on the motion, it was adopted.

Extract from the Journals of the Senate, Thursday, May 27, 2010:

The Honourable Senator Comeau moved, seconded by the Honourable Senator Gerstein:

That the Standing Senate Committee on National Finance be authorized to examine and report upon the expenditures set out in Supplementary Estimates (A) for the fiscal year ending March 31, 2011.

The question being put on the motion, it was adopted.

Gary W. O'Brien

Clerk of the Senate