Skip to main content Start of content

FINA Committee Meeting

Notices of Meeting include information about the subject matter to be examined by the committee and date, time and place of the meeting, as well as a list of any witnesses scheduled to appear. The Evidence is the edited and revised transcript of what is said before a committee. The Minutes of Proceedings are the official record of the business conducted by the committee at a sitting.

For an advanced search, use Publication Search tool.

If you have any questions or comments regarding the accessibility of this publication, please contact us at accessible@parl.gc.ca.

Previous day publication Next day publication
MINUTES OF PROCEEDINGS
 
Meeting No. 112
 
Tuesday, March 26, 2013
 

The Standing Committee on Finance met at 8:48 a.m. this day, in Room 7-52, 131 Queen Street, the Chair, James Rajotte, presiding.

 

Members of the Committee present: Mark Adler, Hon. Scott Brison, Guy Caron, Raymond Côté, Shelly Glover, Randy Hoback, Brian Jean, Cathy McLeod, Peggy Nash, James Rajotte, Murray Rankin and Dave Van Kesteren.

 

Acting Members present: John Carmichael for Mark Adler.

 

In attendance: Library of Parliament: Mark Mahabir, Analyst. House of Commons: Mike MacPherson, Legislative Clerk.

 
Pursuant to the Order of Reference of Friday, March 8, 2013, the Committee resumed consideration of Bill C-48, An Act to amend the Income Tax Act, the Excise Tax Act, the Federal-Provincial Fiscal Arrangements Act, the First Nations Goods and Services Tax Act and related legislation.
 

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

 

Pursuant to Standing Order 75(1), consideration of Clause 1, Short Title, was postponed.

The Chair called Clause 2.

 

By unanimous consent, Clauses 2 to 28 inclusive carried severally.

 

By unanimous consent, Clauses 29 to 53 inclusive carried severally.

 

By unanimous consent, Clauses 54 to 90 inclusive carried severally.

 

By unanimous consent, Clauses 91 to 168 inclusive carried severally.

 

By unanimous consent, Clauses 169 to 412 inclusive carried severally.

 

By unanimous consent, Clauses 413 to 416 inclusive carried severally.

 

By unanimous consent, Clauses 417 to 425 inclusive carried severally.

 

By unanimous consent, Clauses 426 and 427 carried severally.

 

The Schedule carried.

 

Clause 1, Short Title, carried.

 

The Title carried.

 

The Bill carried.

 

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

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

Murray Rankin moved, — That the Canada Revenue Agency provide the Standing Committee on Finance with information pertaining to estimating the Canadian Federal Tax Gap, including but not limited to: a) data or information regarding the difference between reported and assessed employment, dividend, and interest income for an anonymous random sample of T1 and T2 tax filers; b) any estimates held by the CRA regarding “collectability” of resulting reassessments and the rates of “non-detection” of incorrect returns through audit; c) any other information held by the CRA pertaining to the preparation of a Tax Gap estimate and; d) that this information is shared with parliamentarians and the Parliamentary Budget Office so that an attempt to estimate the Tax Gap can be made through other means as the CRA does not prepare Tax Gap estimates.

 

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

 

Peggy Nash moved, — That the Standing Committee on Finance a) undertake a study to examine rising household debt in Canada, including, but not limited to: the root causes of rising household debt, the nature of household debt in Canada, and the social and economic impacts of high household debt levels; b) that the Committee make recommendations to the Government of Canada to address rising household debt levels; and c) that the Committee report its findings to the House of Commons.

 

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

 

Raymond Côté gave notice of the following motion:

That the Standing Committee on Finance undertake a study on the impact of increased customs duties proposed in Budget 2013 on the price gap between Canada and the United States and on policy measures that could be taken to reduce this gap, and that the Committee report its findings to the House.

 

At 10:45 a.m., the Committee adjourned to the call of the Chair.

 



Christine Lafrance
Clerk of the Committee

 
 
2013/03/27 4:24 p.m.