Proceedings of the Standing Senate Committee on
National Finance

Issue No. 46 - Minutes of Proceedings - November 7, 2017 (afternoon meeting)

CALGARY, Tuesday, November 7, 2017
(114)

[Translation]

The Standing Senate Committee on National Finance met this day at 1:06 p.m., in Ballroom A/B of the Calgary Delta, the Honourable Percy Mockler presiding.

Senators presents: The Honourable Senators Andreychuk, Cools, Jaffer, Marshall, Mockler, Neufeld, Oh, Pratte and Tannas (9).

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.)

WITNESSES:

As an individual:

Kim G C Moody, Director, Canadian Tax Advisory, Moodys Gartner Tax Law LLP.

Ernst & Young LLP:

Barry G. Munro, Partner, President of Ernst & Young Orenda Corporate Financial Inc. and Ernst & Young Corporate Finance (Canada) Inc.;

Warren Pashkowich, Partner, Transaction Tax.

Catalyst Group LLP:

Cam Crawford, Partner;

Carl Scholz, Tax Partner.

Mr. Moody made a statement and answered questions.

At 2:01, the committee suspended.

At 2:08, the committee resumed.

Mr. Pashkowich, Mr. Munro, Mr.Crawford and Mr. Scholz each made a statement and answered questions.

At 3:31 p.m., the committee adjourned.

ATTEST:

Gaëtane Lemay
Clerk of the Committee