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FINA Committee Meeting

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Meeting No. 64
Tuesday, February 13, 2007

The Standing Committee on Finance met in a televised session at 11:07 a.m. this day, in Room 253-D, 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, Hon. Robert Thibault, Mike Wallace and Judy Wasylycia-Leis.


Associate Members present: Paul Szabo.


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


Witnesses: As individuals: William Barrowclough; Don Francis; Jean-Marie Lapointe; Dave Marshall; Dianne Urquhart, Independent Consulting Analyst. HDR|HLB Decision Economics: Dennis Bruce, Vice-President. Pengrowth Corporation: Jim Kinnear, President and Chief Executive Officer. C.D. Howe Institute: Finn Poschmann, Director of Research. Rosen & Associates Limited: Al Rosen, President. Department of Finance: Denis Normand, Senior Chief, Financial Institutions, Business Income Tax Division, Tax Policy Branch; Brian Ernewein, General Director, Tax Legislation Division, Tax Policy Branch.

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

The witnesses made statements and answered questions.


It was agreed, — That documents available in English only be distributed to committee members for purposes of this meeting only.


At 12:09 p.m., the sitting was suspended.

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


At 1:04 p.m., the sitting was suspended.

At 1:21 p.m., the sitting resumed.


The Committee commenced consideration of a draft report.


It was agreed, — That the draft report be considered once it has been revised.


At 1:35 p.m., the Committee adjourned to the call of the Chair.


Elizabeth B. Kingston
Clerk of the Committee

2007/02/15 2:22 p.m.