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FINA Committee Meeting

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Meeting No. 59
Wednesday, May 16, 2012

The Standing Committee on Finance met in a televised session at 3:32 p.m. this day, in Room 237-C, 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.


Acting Members present: Ed Holder for Dave Van Kesteren, Hon. John McKay for Hon. Scott Brison, Mike Wallace for Shelly Glover and David Wilks for Dave Van Kesteren.


In attendance: Library of Parliament: Mark Mahabir, Analyst.


Witnesses: Canada Revenue Agency: Brian McCauley, Assistant Commissioner, Legislative Policy and Regulatory Affairs Branch. Department of Finance: Ted Cook, Senior Legislative Chief, Tax Legislation Division, Tax Policy Branch; Sean Keenan, Director, Personal Income Tax Division, Tax Policy Branch; Lucia Di Primio, Chief, Excise Policy, Sales Tax Division, Excise Act, Tax Policy Branch; Pierre Mercille, Senior Legislative Chief, Sales Tax Division, GST Legislation, Tax Policy Branch; Gordon Boissonneault, Senior Advisor, Economic Analysis and Forecasting Division, Demand and Labour Analysis, Economic and Fiscal Policy Branch; Jane Pearse, Director, Financial Institutions Division, Financial Sector Policy Branch; Annie Hardy, Chief, Financial Institutions Division, Structural Issues, Financial Sector Policy Branch; Ling Wang, Chief, Financial Institutions Division, Housing Finance Review, Financial Sector Policy Branch.

Pursuant to the Order of Reference of Monday, May 14, 2012, the Committee resumed consideration of Bill C-38, An Act to implement certain provisions of the budget tabled in Parliament on March 29, 2012 and other measures.

Brian McCauley, Tedd Cook and Sean Keenan answered questions.


At 5:17 p.m., pursuant to Standing Order 115(5), the sitting was suspended.

At 6:35 p.m., the sitting resumed.


Pierre Mercille and Gordon Boissonneault made statements and, with Lucia Di Primio and Brian McCauley, answered questions.


At 7:10 p.m, Peggy Nash took the Chair.


At 7:20 p.m., James Rajotte took the Chair.


At 7:24 p.m., the sitting was suspended.

At 7:25 p.m., the sitting resumed.


Jane Pearse made a statement and, with Annie Hardy and Ling Wang, answered questions.


At 9:30 p.m., the Committee adjourned to the call of the Chair.


Jean-François Pagé
Committee Clerk

2012/05/17 2:22 p.m.