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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. 150
Tuesday, November 22, 2005

The Standing Committee on Finance met at 3:35 p.m. this day, in Room 308, West Block, the Chair, Massimo Pacetti, presiding.


Members of the Committee present: Rona Ambrose, Françoise Boivin, Mark Holland, Yvan Loubier, Hon. John McKay, Hon. Maria Minna, Massimo Pacetti, Brian Pallister, Charlie Penson and Judy Wasylycia-Leis.


Acting Members present: Robert Carrier for Robert Bouchard and Brian Fitzpatrick for Monte Solberg.


In attendance: Library of Parliament: June Dewetering, Principal; Sheena Starky, Analyst. Standing Committee on Finance: Richard Dupuis, Clerk of the Committee.


Witnesses: David L. Anderson, M.P., Cypress Hills—Grasslands. Department of Finance: Gérard Lalonde, Senior Chief, Tax Policy Branch; Edward Short, Senior Officer, Tax Policy Branch.

Pursuant to the Order of Reference of Thursday, April 14, 2005, the Committee commenced consideration of Bill C-285, An Act to amend the Income Tax Act (exclusion of income received by an athlete from a non-profit club, society or association).

David L. Anderson, Gerald Lalonde and Edward Short made statements and answered questions.


It was agreed, — That the proposed budget to conduct the two next quarterly updates of the estimates for the fiscal balance up to March 30, 2006 be adopted and that the Chair present the said budget to the Budget Subcommittee of the Liaison Committee.


At 5:16 p.m., the Committee proceeded to sit in camera.

Pursuant to Standing Order 83.1, the Committee resumed its pre-budget consultations 2005.

The Committee commenced consideration of a draft report.


At 5:21 p.m., the Committee adjourned to the call of the Chair.


Christine Lafrance
Clerk of the Committee

2005/11/23 12:10 p.m.