FINA Committee Meeting

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MINUTES OF PROCEEDINGS

Meeting No. 71

Thursday, March 1, 2007

The Standing Committee on Finance met in a televised session at 11:04 a.m. this day, in Room 237-C, Centre Block, the Chair, Brian Pallister, presiding.

Members of the Committee present: Rick Dykstra, Hon. John McCallum, Hon. John McKay, Massimo Pacetti, Brian Pallister, Pierre A. Paquette, Thierry St-Cyr, Hon. Robert Thibault and Mike Wallace.

Acting Members present: David Christopherson for Judy Wasylycia-Leis and Bev Shipley for Dean Del Mastro.

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

Appearing: Diane Ablonczy, Parliamentary Secretary to the Minister of Finance.

Witnesses: Department of Finance: Pierre Mercille, Chief, GST Legislation, Sales Tax Division, Tax Policy Branch; Geoff Trueman, Chief, Sales Tax Division, Air Travelers Security Charge, Tax Policy Branch; Carlos Achadinha, Chief, Alcohol, Tobacco and Excise Legislation, Sales Tax Division, Tax Policy Branch. Canada Revenue Agency: William V. Baker, Deputy Commissioner and Chief Operating Officer; James Ralston, Chief Financial Officer and Assistant Commissioner, Finance and Administration Branch; Mary Jane Jackson, Deputy Assistant Commissioner, Finance and Administration Branch.

Pursuant to the Order of Reference of Tuesday, January 30, 2007, the Committee commenced consideration of Bill C-40, An Act to amend the Excise Tax Act, the Excise Act, 2001 and the Air Travellers Security Charge Act and to make related amendments to other Acts.

The Parliamentary Secretary made a statement and, with the other witnesses, answered questions.

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

Pursuant to Standing Order 75(1), consideration of Clause 1 is postponed.

The Chair calls Clause 2.

By unanimous consent, Clauses 2 to 157 inclusive carried on division.

The Short Title carried.

The Title carried.

The Bill carried on division.

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

At 11:53 a.m., the Committee proceeded to sit in camera.

The Committee proceeded to the consideration of matters related to Committee business.

It was agreed, — Given - that the Finance Committee has adopted a motion to study changes related to ATM fees; and;

That during the hearings of the Finance Committee concerning Bill C-37, An Act to amend the Bank Act, testimony was received respecting the timelines and changes related to electronic payments;

That in addition to the Standing Committee on Finance’s study of ATM fees, it include and examination of any issues related to the electronic payment process.

It was agreed, — That the budget of $3,425.00 for the Oil Sands study be adopted.

It was agreed, — That the budget of $5,800.00 for the Income Trust Study be adopted.

It was agreed, — That the budget of $1,000.00 for the study of Bill C-40 be adopted.

It was agreed, — That the budget of $6,800.00 for the ATM Fees study be adopted.

At 12:24 p.m., the sitting was suspended.

At 12:46 p.m., the sitting resumed.

Pursuant to Standing Order 81(5), the Committee commenced consideration of the Supplementary Estimates (B) for the fiscal year ending March 31, 2007: Vote 1b under CANADA REVENUE AGENCY referred to the Committee on Thursday, February 22, 2007.

The witnesses made statements and answered questions.

It was agreed, — That Vote 1b under CANADA REVENUE AGENCY carry.

It was agreed, — That Vote 1b under CANADA REVENUE AGENCY be reported to the House.

At 1:14 p.m., the Committee adjourned to the call of the Chair.

Elizabeth B. Kingston
Clerk of the Committee

2007/03/05 9:12 a.m.