Proceedings of the Standing Senate Committee on
National Finance

Issue No. 43 - Minutes of Proceedings - October 31, 2017 (afternoon meeting)

OTTAWA, Tuesday, October 31, 2017
(108)

[Translation]

The Standing Senate Committee on National Finance met this day at 2:15 p.m., in room 160-S, Centre Block, the chair, the Honourable Percy Mockler, presiding.

Members of the committee present: The Honourable Senators Andreychuk, Black, Cools, Forest, Frum, Marshall, Mockler, Moncion, Oh and Pratte (10).

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 continued 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:

Office of the Parliamentary Budget Officer:

Jean-Denis Fréchette, Parliamentary Budget Officer;

Mostafa Askari, Deputy Parliamentary Budget Officer;

Chris Matier, Senior Director, Economic and Fiscal Analysis.

Canada Revenue Agency:

Geoff Trueman, Assistant Commissioner, Legislative Policy and Regulatory Affairs Branch;

Stéphane Prud'homme, Director, Reorganizations Division, Income Tax Rulings Directorate.

Mr. Fréchette made and statement and, together with Mr. Askari and Mr. Matier, answered questions.

At 3:09 p.m., the committee suspended.

At 3:12 p.m., the committee resumed.

Mr. Trueman made a statement and, together with Mr. Prud'homme, answered questions.

At 4:05 p.m., the committee adjourned to the call of the chair.

ATTEST:

Gaëtane Lemay

Clerk of the Committee