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MINUTES OF PROCEEDINGS
 
Meeting No. 62
 
Thursday, February 8, 2007
 

The Standing Committee on Finance met in a televised session at 11:03 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: Jean-Claude D'Amours for Hon. Robert Thibault.

 

In attendance: Library of Parliament: Alexandre Laurin, Analyst; Philippe Bergevin, Analyst. House of Commons: Marc Toupin, Legislative Clerk.

 

Witnesses: Maritime Junior Hockey League: Vernon Doyle, President. House of Commons: Brian Fitzpatrick, Prince Albert. Canadian Association of Not-for-Profit RESP Dealers: Peter Lewis, Vice-President, Administration, Canadian Scholarship Trust. House of Commons: Hon. Dan McTeague, Pickering—Scarborough East. Saskatchewan Junior Hockey League: Laury Ryan, President. Department of Finance: Edward Short, Senior Tax Policy Officer, Tax Legislation Division, Tax Policy Branch; Baxter Williams, Director, Personal Income Tax Division, Tax Policy Branch; David Wurtele, Senior Tax Policy Officer, Tax Legislation Division, Tax Policy Branch; Glen Bradburry, Executive Assistant, Honourable Dan McTeague.

 
Pursuant to the Order of Reference of Wednesday, June 7, 2006, the Committee commenced consideration of Bill C-294, An Act to amend the Income Tax Act (sports and recreation programs).
 

The witnesses made statements and answered questions.

 
Pursuant to the Order of Reference of Wednesday, November 8, 2006, the Committee commenced consideration of Bill C-253, An Act to amend the Income Tax Act (deductibility of RESP contributions).
 

The witnesses made statements and answered questions.

 
Pursuant to the Order of Reference of Wednesday, June 7, 2006, the Committee resumed consideration of Bill C-294, An Act to amend the Income Tax Act (sports and recreation programs).
 

The Committee commenced its clause-by-clause study of the Bill.

 

The Chair called Clause 1.

 
Diane Ablonczy moved, — That Bill C-294, in Clause 1, be amended by replacing lines 7 to 24 on page 1 with the following:

“(v.1) allowances for board and lodging of the taxpayer, to a maximum total of $300 for each month of the year, if

(A) the taxpayer is, in that month, a registered participant with, or member of, a sports team or recreation program of the employer in respect of which membership or participation is restricted to persons under 21 years of age,

(B) the allowance is in respect of the taxpayer’s participation or membership and is not attributable to services of the taxpayer as a coach, instructor trainer, referee, administrator or other similar occupation,

(C) the employer is a registered charity or a non-profit organization described in paragraph 149(1)(l), and

(D) the allowance is reasonably attributable to the cost to the taxpayer of living away from the place where the employee would, but for the employment, ordinarily reside,

2. The portion of subsection 117.1(1) of the Act before paragraph (a) is replaced by the following:

117.1 (1) Each of the amounts expressed in dollars in subparagraph 6(1)(b)(v.1), subsection 117(2), the description of B in subsection 118(1), subsections 118(2) and 118.01(2), the descriptions of C and F in subsection 118.2(1), subsections 118.3(1), 122.5(3) and 122.51(1) and (2) and Part I.2 in relation to tax payable under this Part or Part I.2 for a taxation year shall be adjusted so that the amount to be used under those provisions for the year is the total of

3. Sections 1 and 2 apply to taxation years that end after the day on which this Act is assented to.

4. If Bill C-28, introduced in the 1st session of the 39th Parliament and entitled the Budget Implementation Act, 2006, No. 2 (in this section referred to as the “other Act”), receives royal assent, then, on the later of the day on which section 19 of the other Act comes into force and the day on which section 2 of this Act comes into force, the portion of subsection 117.1(1) of the Income Tax Act before paragraph (a) is replaced by the following:

117.1 (1) The amount of $1,000 referred to in the formula in paragraph 8(1)(s) and each of the amounts expressed in dollars in subparagraph 6(1)(b)(v.1), subsection 117(2), the description of B in subsection 118(1), subsection 118(2), paragraph (a) of the description of B in subsection 118(10), subsection 118.01(2), the descriptions of C and F in subsection 118.2(1), subsections 118.3(1), 122.5(3) and 122.51(1) and (2) and Part I.2 in relation to tax payable under this Part or Part I.2 for a taxation year shall be adjusted so that the amount to be used under those provisions for the year is the total of ”

 

By unanimous consent, after debate, the question was put on the amendment of Diane Ablonczy and it was agreed to.

 

By unanimous consent, Clause 1, as amended, carried.

 

By unanimous consent, new clauses 2 to 4 inclusive carried severally.

 

The Title carried.

 

The Bill, as amended, carried.

 

ORDERED, — That the Chair report the Bill, as amended, to the House.

 

ORDERED, — That Bill C-294, as amended, be reprinted for the use of the House at report stage.

 

At 12:34 p.m., the sitting was suspended.

At 12:38 p.m., the sitting resumed.

 

The Committee proceeded to matters related to Committee Buiness.

 

Thierry St-Cyr moved, — That the members of the Committee analyze by March 2, 2007, the advisability of substantially reducing the incentives provided to oil companies, especially as regards the development of the tar sands, in order to provide some leeway to increase the tax incentives for renewable energy forms, and that the Finance Committee devote for this purpose:

- 2 sessions before February 23 to call to appear officials from the Canada Revenue Agency, the Finance Department and the Office of the Auditor General, representatives from the oil industry, the renewable energy sector and environmental groups.

- 1 session before March 1 to consider and prepare its recommendations to the Minister.

 

It was agreed, — That the motion be amended by replacing the word “analyze” with the word “consider”.

 

It was agreed, — That the motion be further amended by deleting the words “2 sessions before February 23”.

 

After debate, the question was put on the motion, as amended, and it was agreed to, by a show of hands: YEAS: 6; NAYS: 5.

 

At 1:08 p.m., the Committee adjourned to the call of the Chair.

 



Elizabeth B. Kingston
Clerk of the Committee

 
 
2007/02/12 4:34 p.m.