Proceedings of the Standing Senate Committee on
National Finance

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

VANCOUVER, Monday, November 6, 2017


The Standing Senate Committee on National Finance met this day at 1:02 p.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 stenographers 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.)


Fraser Institute:

Charles Lammam, Director, Fiscal Studies.

As an individual:

Kevin Milligan, Professor, Department of Economics, University of British Columbia.

Thorsteinssons LLP:

David Christian, Partner.

As an individual:

Hugh C. Woolley, Income Tax Consultant.

Mr. Lammam and Mr. Milligan each made a statement and answered questions.

At 2:45 p.m., the committee suspended.

At 2:56 p.m., the committee resumed.

Mr. Christian and Mr. Woolley each made a statement and answered questions.

At 3:59 p.m., the committee adjourned.


Gaëtane Lemay

Clerk of the Committee