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

Issue 37 - Minutes of Proceedings - June 11, 2013

OTTAWA, Tuesday, June 11, 2013


The Standing Senate Committee on Banking, Trade and Commerce met this day, at 11 a.m., in room 9, Victoria Building, the chair, the Honourable Irving Gerstein, presiding.

Members of the committee present: The Honourable Senators Campbell, Gerstein, Greene, Hervieux-Payette, P.C., Maltais, Massicotte, Moore, Nancy Ruth, Oliver, Ringuette and Tkachuk (11).

Other senator present: The Honourable Senator Black (1).

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

Also in attendance: The official reporters of the Senate.

Pursuant to the order of reference adopted by the Senate on Thursday, June 6, 2013, the committee began its examination of Bill C-48, An Act to amend the Income Tax Act, the Excise Tax Act, the Federal-Provincial Fiscal Arrangements Act, the First Nations Goods and Services Tax Act and related legislation.


The Honourable Ted Menzies, P.C., M.P., Minister of State (Finance).


Department of Finance Canada:

Ted Cook, Senior Legislative Chief;

Ed Short, Senior Chief, Business, Property and Personal Income;

Grant Nash, Senior Tax Policy Officer, Business Income Tax (by video conference);

Kei Moray, Director, Intergovernmental Tax Policy, Evaluation and Research.

The chair made an opening statement.

The Minister of State made a statement and, together with Mr. Cook, Mr. Short and Mr. Nash, answered questions.

Ms. Moray was invited to the table and answered questions.

At 11:58 a.m., the committee adjourned to the call of the chair.


Josée Thérien

Acting Clerk of the Committee