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

Issue 3 - Minutes of Proceedings - December 12, 2013

OTTAWA, Thursday, December 12, 2013
(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 Irving Gerstein, presiding.

Members of the committee present: The Honourable Senators Black, Campbell, Gerstein, Greene, Hervieux-Payette, P.C., Maltais, Massicotte, Nancy Ruth, Ngo, Ringuette, Rivard and Tkachuk (12).

In attendance: Adriane Yong and Brett Stuckey, Analysts, Parliamentary Information and Research Service, Library of Parliament.

Also present: The official reporters of the Senate.

Pursuant to the order of reference adopted by the Senate on Tuesday, December 3, 2013, the committee continued its examination on the ability of individuals to establish a registered disability savings plan (RDSP), with particular emphasis on legal representation and the ability of individuals to enter into a contract.

WITNESSES:

Canadian Bankers Association:

Darren Hannah, Director;

Randy Hopkins, Advisor.

Canadian Imperial Bank of Commerce (CIBC):

Ann Elise Alexander, Senior Counsel.

BMO Global Asset Management:

Trevor Philp, Manager, Registered Products and Managed Solutions.

The chair made a statement.

Mr. Hannah, Ms. Alexander and Mr. Philp each made a statement and, together with Mr. Hopkins, answered questions.

At 11:36 p.m., the committee adjourned to the call of the chair.

ATTEST:

Danielle Labonté

Clerk of the Committee