FINA Committee Meeting

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MINUTES OF PROCEEDINGS

Meeting No. 25

Thursday, November 25, 2004

The Standing Committee on Finance met in a televised session at 9:35 a.m. this day, in Room 253-D Centre Block, the Chair, Massimo Pacetti, presiding.

Members of the Committee present: Guy Côté, Charles Hubbard, Yvan Loubier, John McKay, Maria Minna, Massimo Pacetti, Charlie Penson, Monte Solberg and Judy Wasylycia-Leis.

In attendance: Library of Parliament: June Dewetering, Principal ; Alexandre Laurin, Analyst.

Witnesses: Canadian Bankers Association: Kelly Shaughnessy, Vice-President, Banking Operations; Raymond J. Protti, President and Chief Executive Officer. Canadian Association of Mutual Insurance Companies: Normand Lafrenière, President. Certified General Accountants' Association of Canada: Everett E. Colby, Chair, FCGA; Carole Presseault, Assistant Vice-President , Government & Regulatory Affairs. Canadian Co-operative Association: Dave Sitaram, President; Jean-Yves Lord, Executive Director. VenGrowth: Jay Heller, General Partner. Tax Executives Institute, Inc.: David M. Penney, General Director, Taxes and Customs, General Motors of Canada Limited; Jeffery P. Rasmussen, Tax Counsel, Tax Executives Institute. Credit Union Central of Canada: Wayne A. Nygren, Chair, Legislative Affairs Committee; Jack Smit, Chairperson, Board of Directors. Registered Education Savings Plan Dealers Association of Canada: Paul Renaud, Chairman. Investment Dealers Association of Canada: Joe Oliver, President and Chief Executive Officer. Multi Employer Benefit Plan Council of Canada: Peter Landry, Consultant. Certified Management Accountants of Canada: David Fletcher, Vice-President, Public Affairs; Michael Tinkler, Chairman of Audit Committee, Member of the Board of Directors. Association of Canadian Pension Management: Scott Perkin, President; Stephen Bigsby, Executive Director. Investment Funds Institute of Canada: Thomas Hockin, President and CEO; Jamie Golombek, Vice-President , Taxation and Estate Planning.

Pursuant to Standing Order 83.1, the Committee resumed its pre-budget consultations 2004.

PANEL 29: FINANCE 1

Raymond J. Protti, Normand Lafrenière, Everett E. Colby, Dave Sitaram, Jean-Yves Lord, Jay Heller, David Penney and Jack Smit made statements and answered questions.

At 11:09 a.m., the sitting was suspended.

At 11:20 a.m., the sitting resumed.

PANEL 30: FINANCE 2

Paul Renaud, Joe Oliver, Peter Landry, Michael Tinkler, Scott Perkin and Thomas Hockin made statements and answered questions.

At 12:46 p.m., the Committee adjourned to the call of the Chair.

Richard Dupuis
Clerk of the Committee

2005/03/15 11:55 a.m.