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FINA Committee Meeting

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Meeting No. 53
Tuesday, April 24, 2012

The Standing Committee on Finance met in a televised session at 3:33 p.m. this day, in Room 253-D, Centre Block, the Chair, James Rajotte, presiding.


Members of the Committee present: Mark Adler, Hon. Scott Brison, Guy Caron, Shelly Glover, Randy Hoback, Brian Jean, Hoang Mai, Wayne Marston, Cathy McLeod, Peggy Nash, James Rajotte and Dave Van Kesteren.


In attendance: Library of Parliament: Mark Mahabir, Analyst; Brett Stuckey, Analyst.


Witnesses: Bank of Canada: Mark Carney, Governor; Tiff Macklem, Senior Deputy Governor.

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

By unanimous consent, on motion of Hoang Mai, it was agreed, — That the Standing Committee on Finance resume its study on tax evasion; that the evidence and documentation received by the Committee during the third session of the 40th Parliament on the subject be taken into consideration by the Committee in this session; that the Committee further examine international tax planning in order to ascertain emerging best practices in foreign jurisdictions; and that the Committee make recommendations to the government to combat tax evasion and the use of tax havens.

Pursuant to Standing Order 108(2), the Committee commenced its study on the report of the Bank of Canada on monetary policy.

Mark Carney made a statement and, with Tiff Macklem, answered questions.


At 5:16 p.m., the sitting was suspended.

At 5:19 p.m., the sitting resumed in a non-televised session.

The Chair informed the Committee of the resignation of Hoang Mai as Vice-Chair.

Accordingly, pursuant to Standing Order 106(2), the Clerk of the Committee presided over the election of a Vice-Chair.


It was agreed, — That Peggy Nash be elected First Vice-Chair of the Committee.

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

It was agreed, — That, in relation to the study of pre-budget consultations 2012, the proposed budget in the amount of $45,556.50 for the Committee’s travel to Washington and New York be adopted, and that the Chair present the said budget to the Subcommittee on Committee Budgets of the Liaison Committee.


At 5:24 p.m., the Committee adjourned to the call of the Chair.


Guyanne L. Desforges
Clerk of the Committee

2012/09/28 2:44 p.m.