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

Issue No. 37 - Minutes of Proceedings - March 29, 2018

OTTAWA, Thursday, March 29, 2018
(94)

[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 Douglas Black, presiding.

Members of the committee present: The Honourable Senators Black (Alberta), Dagenais, Day, Marshall, Marwah, Ringuette, Stewart Olsen, Tannas, Tkachuk, Wallin and Wetston (11).

In attendance: Adriane Yong and Brett Stuckey, Analysts, Parliamentary Information and Research Services, Library of Parliament; Mila Pavlovic and Henry Paikin, Communications Officers, Senate Communications Directorate.

Also present: The official reporters of the Senate.

Pursuant to the order of reference adopted by the Senate on Wednesday, January 27, 2016, the committee continued its study on the present state of the domestic and international financial system. (For complete text of the order of reference, see proceedings of the committee, Issue No. 2.)

WITNESSES:

As an individual:

The Honourable Dan Hays, P.C., former Speaker of the Senate.

MNP LLP:

Gord Tait, Hutterite Business Advisor;

Michelle Janz, Hutterite Tax Leader.

Kings Lake Colony Farming Co. Ltd.:

John Waldner, Secretary Treasurer.

Canada Revenue Agency:

Randy Hewlett, Director General, Legislative Policy Directorate;

Stéphane Charette, Director, Financial Industries and Trusts Division, Income Tax Rulings Directorate, Legislative Policy and Regulatory Affairs Branch.

Department of Finance Canada:

Pierre Leblanc, Director General, Personal Income Tax Division, Tax Policy Branch;

Tobias Witteveen, Senior Tax Policy Officer, Tax Legislation Division, Tax Policy Branch.

The chair made a statement.

Mr. Tait, Mr. Waldner and Ms. Janz each made a statement and answered questions.

The Honourable Dan Hays, P.C., made a statement and answered questions.

At 11:19 a.m., the committee suspended.

At 11:24 a.m., the committee resumed.

The chair made a statement.

At 11:26 a.m., the Honourable Senator Marshall replaced the Honourable Senator Tkachuk.

Mr. Hewlett made a statement and, together with Mr. Charette, answered questions.

Mr. Leblanc made a statement and, together with Mr. Witteveen, answered questions.

At 12:11 p.m., the committee adjourned to the call of the chair.

ATTEST:

Barbara Reynolds
Clerk of the Committee