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FINA Committee Meeting

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MINUTES OF PROCEEDINGS

Meeting No. 59

Tuesday, January 30, 2007

The Standing Committee on Finance met in a televised session at 11:06 a.m. this day, in Room 237-C, Centre Block, the Chair, Brian Pallister, presiding.

Members of the Committee present: Diane Ablonczy, Dean Del Mastro, Rick Dykstra, Hon. John McCallum, Hon. John McKay, Massimo Pacetti, Brian Pallister, Pierre A. Paquette, Thierry St-Cyr, Mike Wallace and Judy Wasylycia-Leis.

Acting Members present: Paul Crête for Thierry St-Cyr and Paul Szabo for Hon. Robert Thibault.

Other Members present: Hon. Jim Peterson and Hon. Garth Turner.

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

Appearing: Hon. Jim Flaherty, Minister of Finance.

Witnesses: Department of Finance: Robert Wright, Deputy Minister; Mark Carney, Senior Associate Deputy Minister, G-7 Deputy for Canada; Bob Hamilton, Senior Assistant Deputy Minister, Tax Policy Branch; Brian Ernewein, General Director, Tax Legislation Division, Tax Policy Branch. As an individual: Dianne Urquhart, Independent Consulting Analyst. Canadian Association of Income Funds: George Kesteven, President. Canadian Association of Income Trust Investors: Brent D. Fullard, President and Chief Executive Officer. Total Asset Management Research & Investment Rights Consultancy: Andrew Teasdale. Canada's Association for the Fifty-Plus: William Gleberzon, Co-Director, Government and Media Relations. BMO Capital Markets: Cameron Renkas, Royalty and Income Trust Analyst.

Pursuant to Standing Order 108(2), the Committee commenced its study on Income trusts.

The Minister made a statement and answered questions.

At 11:53 a.m., Massimo Pacetti took the Chair.

At 11:55 a.m., Brian Pallister took the Chair.

At 12:11 p.m., the sitting was suspended.

At 12:14 p.m., the sitting resumed.

The witnesses made statements and answered questions.

At 1:25 p.m., the Committee adjourned to the call of the Chair.

Elizabeth B. Kingston
Clerk of the Committee

2007/01/30 3:47 p.m.