FINA Committee Meeting

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Minutes of Proceedings

Standing Committee on Finance (FINA)

42nd Parliament, 1st Session

Meeting 196

Thursday, February 7, 2019, 11:03 a.m. to 12:58 p.m.

Room 310, Wellington Building, 197 Sparks Street

Presiding

Hon. Wayne Easter, Chair (Liberal)

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Members of the Committee present

Liberal

Hon. Wayne Easter
Greg Fergus
Peter Fragiskatos
Michael V. McLeod
Kim Rudd
Joël Lightbound, Parliamentary Secretary — Non-Voting Member
Jennifer O'Connell, Parliamentary Secretary — Non-Voting Member

Conservative

Acting Members present

• Pierre-Luc Dusseault for Peter Julian (NDP)

• Raj Saini for Francesco Sorbara (Liberal)

In attendance

Library of Parliament

• Brett Capwell, Analyst

• Michaël Lambert-Racine, Analyst

Bill C-82, An Act to implement a multilateral convention to implement tax treaty related measures to prevent base erosion and profit shifting

Witnesses

As an individual

• Patrick Marley, Co-Chair of Tax Group, Osler, Hoskin & Harcourt LLP

Canadians for Tax Fairness

• Toby Sanger, Executive Director

Pursuant to the Order of Reference of Monday, October 15, 2018, the Committee resumed consideration of Bill C-82, An Act to implement a multilateral convention to implement tax treaty related measures to prevent base erosion and profit shifting.

Patrick Marley and Toby Sanger made statements and answered questions.

At 12:23 p.m., the sitting was suspended.

At 12:28 p.m., the sitting resumed.

Committee Business

The Committee proceeded to the consideration of matters related to Committee business.

The Committee resumed consideration of the motion moved by Francesco Sorbara, on Tuesday, February 5, 2019, which read as follows:

That the Standing Committee on Finance undertake a study on open banking and report back to the House on: a) whether open banking could provide benefits to Canadians; b) how potential risks related to consumer protection, privacy, cyber security and financial stability could be managed; and c) what steps, if any, the Government should take to implement an open banking system.

Debate arose thereon.

Amendment

Greg Fergus moved, — That the motion be amended by adding after the words “open banking system” the following: “that the Committee dedicate up to four meetings to the hearing of witnesses in Ottawa; that the Committee examine opportunities to travel to jurisdictions that have implemented a framework for open banking, including the United Kingdom; and that the Committee report its findings to the House no later than Friday, June 7, 2019”.

Debate arose thereon.

At 12:58 p.m., the Committee adjourned to the call of the Chair.

David Gagnon

Clerk of the Committee