Proceedings of the Standing Senate Committee on
National Finance

Issue No. 45 - Minutes of Proceedings - November 6, 2017 (morning meeting)

VANCOUVER, Monday, November 6, 2017
(111)

[Translation]

The Standing Senate Committee on National Finance met this day at 9:01 a.m., in the Vancouver Island Room of the Fairmont Vancouver, the Honourable Percy Mockler presiding.

Senators present: The Honourable Senators Andreychuk, Cools, Jaffer, Marshall, Mockler, Neufeld, Oh and Pratte (8).

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:

As an individual:

David G. Duff, Professor and Director, Tax LLM Program, Peter A. Allard School of Law, University of British Columbia.

The Greater Vancouver Board of Trade:

Iain Black, President and Chief Executive Officer.

Surrey Board of Trade:

Anita Huberman, Chief Executive Officer.

BC Chamber of Commerce:

Val Litwin, President and Chief Executive Officer.

British Columbia Agriculture Council:

Garnet Etsell, Past Chair.

As an individual:

Bob Seeman, Chief Executive Officer, Clera Inc.

The Honourable Senator Mockler made a statement.

The Honourable Senator Jaffer made a statement.

The Honourable Senator Neufeld made a statement.

Mr. Duff made a statement and answered questions.

At 10:02 a.m., the committee suspended.

At 10:08 a.m., the committee resumed.

Mr. Black, Ms. Huberman and Mr. Litwin each made a statement and answered questions.

At 11:09 a.m., the committee suspended.

At 11:13, the committee resumed.

Mr. Seeman made a statement and answered questions.

Mr. Etsell made a statement and answered questions.

At 12:02 p.m., the committee adjourned.

ATTEST:

Gaëtane Lemay

Clerk of the Committee