Proceedings of the Standing Senate Committee on
National Finance

Issue No. 40 - Minutes of Proceedings - October 3, 2017

OTTAWA, Tuesday, October 3, 2017
(98)

[Translation]

The Standing Senate Committee on National Finance met this day at 9:32 a.m., in room 9, Victoria Building, the chair, the Honourable Percy Mockler, presiding.

Members of the committee present: The Honourable Senators Ataullahjan, Black, Cools, Forest, Jaffer, Marshall, McIntyre, Mockler, Moncion, Neufeld, Pratte and Tannas (12).

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

In attendance: Alex Smith and Sylvain Fleury, 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, September 26, 2017, the committee undertook its study on the Minister of Finance's proposed changes to the Income Tax Act respecting the taxation of private corporations and the tax planning strategies involved. (For complete text of the order of reference, see proceedings of the committee, Issue No. 39.)

WITNESSES:

Department of Finance Canada:

Andrew Marsland, Senior Assistant Deputy Minister, Tax Policy Branch;

Miodrag Jovanovic, General Director, Analysis, Tax Policy Branch;

Brian Ernewein, General Director, Legislation, Tax Policy Branch;

Ted Cook, Director, Tax Legislation Division.

The chair made an opening statement.

Mr. Marsland made an opening statement and, with Mr. Ernewein and Mr. Jovanovic, answered questions.

At 11:32 a.m., the committee adjourned to the call of the chair.

ATTEST:

Gaëtane Lemay
Clerk of the Committee