Proceedings of the Standing Senate Committee on
National Finance

Issue No. 51 - Minutes of Proceedings - November 22, 2017 (afternoon meeting)

SAINT JOHN, Wednesday, November 22, 2017
(124)

[Translation]

The Standing Senate Committee on National Finance met this day at 1:04 p.m., in the Trinity Royal Room of the Delta Saint John, the chair, the Honourable Percy Mockler, presiding.

Members of the committee present: The Honourable Senators Cools, Eaton, Marshall, Mockler, Neufeld, Oh and Pratte (7).

In attendance: Sylvain Fleury, Analyst, 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:

Teed Saunders Doyle:

Jeff Saunders, Tax Partner.

Beers Neal LLP:

Christopher Neal, Partner.

Gorman Nason:

Andrew Costin, Corporate Lawyer and Partner.

Canadian Manufacturers and Exporters:

Mike Holden, Chief Economist.

Mr. Saunders, Mr. Neal and Mr. Costin each made a statement and then answered questions.

At 2:28 p.m., the committee suspended.

At 2:39 p.m., the committee resumed.

Mr. Holden made a statement and answered questions.

At 3:19 p.m., the committee adjourned to the call of the chair.

ATTEST:

Gaëtane Lemay
Clerk of the Committee