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FINA Committee Meeting

Notices of Meeting include information about the subject matter to be examined by the committee and date, time and place of the meeting, as well as a list of any witnesses scheduled to appear. The Evidence is the edited and revised transcript of what is said before a committee. The Minutes of Proceedings are the official record of the business conducted by the committee at a sitting.

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Meeting No. 18

Wednesday, May 2, 2001

The Standing Committee on Finance met in a televised session at 3:30 p.m. this day, in Room 253-D, Centre Block, the Chair, Maurizio Bevilacqua, presiding.

Members of the Committee present: Maurizio Bevilacqua, Sue Barnes, Roy Cullen, Ken Epp, Roger Gallaway, Albina Guarnieri, Yvan Loubier, Lorne Nystrom, Joe Peschisolido and Gary Pillitteri.

In attendance: From the Library of Parliament: Marc-André Pigeon, Researcher.

Appearing: From the Department of Finance: Roy Cullen, Parliamentary Secretary to the Finance Minister.

Witnesses: From the Department of Finance: Gérard Lalonde, Senior Chief, Tax Legislation Division, Tax Policy Branch; Lise Potvin, Senior Chief, Employment and Investment; Davine Roach, Chief, Pensions, Resources, Trusts and Insurance; Robert Dubrule, Senior Tax Policy Officer, Tax Policy Division, Pensions, Resources, Trusts and Insurance; Wallace Conway, Chief, Corporate Reorganization & Capital Gains; Grant Nash, Tax Policy Officer, Tax Policy Branch, Business & Property; James R. Greene, Tax Policy Officer, Tax Legislation Division, Tax Policy Branch; Catherine Cloutier, Senior Tax Policy Officer, General Legal Services Division; Sanjeev Sivarulrasa, Tax Policy Officer, Corporate and International Tax. From Osler, Hoskin & Harcourt: Dan MacIntosh, Partner; Norman Loveland, Partner; Louis Chapdelaine, Peter Kiewit Sons' Inc..

The Order of Reference dated Monday, April 23, 2001, being now read as follows:

ORDERED, -- That Bill C-22, An Act to amend the Income Tax Act, the Income Tax Application Rules, certain Acts related to the Income Tax Act, the Canada Pension Plan, the Customs Act, the Excise Tax Act, the Modernization of Benefits and Obligations Act and another Act related to the Excise Tax Act be now read a second time and referred to the Standing Committee on Finance.

The Chair called Clause 1.

Roy Cullen made an opening statement and, with the officials from the Department of Finance, answered questions.

Dan MacIntosh, Norman Loveland and Louis Chapdelaine made opening statements and answered questions.

At 5:30 p.m., the Committee adjourned to the call of the Chair.

Diane Deschamps

Committee Clerk