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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.

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Minutes of Proceedings

42nd Parliament, 1st Session
Meeting 195
Tuesday, February 5, 2019, 11:04 a.m. to 12:59 p.m.
Hon. Wayne Easter, Chair (Liberal)

Library of Parliament
• Brett Capwell, Analyst
• Michaël Lambert-Racine, Analyst
Department of Finance
• Stephanie Smith, Senior Chief, Tax Legislation Division, Tax Policy Branch
• Trevor McGowan, Director General, Tax Legislation Division, Tax Policy Branch
Pursuant to the Order of Reference of Monday, October 15, 2018, the Committee commenced consideration of Bill C-82, An Act to implement a multilateral convention to implement tax treaty related measures to prevent base erosion and profit shifting.

Trevor McGowan made a statement and, with Stephanie Smith, answered questions.

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

The Chair presented the Thirteenth Report from the Subcommittee on Agenda and Procedure, which read as follows:

Your Subcommittee met on Thursday, January 31, 2019, to consider the business of the Committee and agreed to make the following recommendations:

1. That, with respect to Bill C-82, An Act to implement a multilateral convention to implement tax treaty related measures to prevent base erosion and profit shifting:

a) the Committee invite departmental officials to appear on the Bill on Tuesday, February 5, 2019;

b) the Committee invite witnesses to appear on the Bill on Thursday, February 7, 2019;

c) the Committee invite the Minister to appear on the Bill during the week of February 18, 2019; and

d) members of the Committee submit their prioritized witness lists to the Clerk of the Committee no later than 5:00 p.m. on Monday, February 4, 2019.

2. That, pursuant to the Orders of Reference of Monday, January 28, 2019, the Committee study the Supplementary Estimates (B) and the Interim Estimates and invite the Minister of Finance and the Minister of National Revenue to appear prior the end of March 2019.


Greg Fergus moved, — That the report of the Subcommittee be concurred in.

After debate, the question was put on the motion and it was agreed to on division.


Francesco Sorbara moved, — That, the Standing Committee on Finance undertake a study on open banking and report back to the House on: a) whether open banking could provide benefits to Canadians; b) how potential risks related to consumer protection, privacy, cyber security and financial stability could be managed; and c) what steps, if any, the Government should take to implement an open banking system.

Debate arose thereon.

It was agreed, — That the debate be resumed at the next meeting.

At 12:59 p.m., the Committee adjourned to the call of the Chair.

David Gagnon
Clerk of the Committee