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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 No. 84
Wednesday, May 3, 2017, 3:38 p.m. to 5:50 p.m.
Televised
Presiding
Hon. Wayne Easter, Chair (Liberal)

• Ziad Aboultaif for Dan Albas (Conservative)
• Blake Richards for Gérard Deltell (Conservative)
House of Commons
• Stephanie Feldman, Procedural Clerk
 
Library of Parliament
• Brett Capstick, Analyst
• Florian Richard, Analyst
• Hon. Diane Lebouthillier, P.C., M.P., Minister of National Revenue
Canada Revenue Agency
• Ted Gallivan, Assistant Commissioner, International, Large Business and Investigations Branch
• Roch Huppé, Chief Financial Officer and Assistant Commissioner, Finance and Administration Branch
Pursuant to Standing Order 81(4), the Committee resumed consideration of the Main Estimates 2017-18: Votes 1 and 5 under Canada Revenue Agency, referred to the Committee on Thursday, February 23, 2017.

Ron Liepert took the Chair.

The Chair called Vote 1 under Canada Revenue Agency.

The Minister and Roch Huppé made statements and, with Ted Gallivan, answered questions.

At 3:44, Hon. Wayne Easter took the Chair.

Vote 1 under Canada Revenue Agency carried on division.

The Chair called Vote 5 under Canada Revenue Agency.

Vote 5 under Canada Revenue Agency carried on division.

ORDERED, — That the Chair report Votes 1 and 5, less the amounts voted in Interim Supply, under Canada Revenue Agency to the House.

At 5:07 p.m., the sitting was suspended.

At 5:13 p.m., the sitting resumed.

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

The Chair presented the Sixth Report from the Subcommittee on Agenda and Procedure. The Report was concurred in and read as follows:

Your Subcommittee met on Tuesday, May 2, 2017, to consider the business of the Committee and agreed to make the following recommendations:

1. That the Committee begin a subject matter study of Bill C-44, An Act to implement certain provisions of the budget tabled in Parliament on March 22, 2017 and other measures on Monday, May 8, 2017, if the Bill itself has not yet been referred to the Committee.

2. That the Committee hear from departmental officials on the subject-matter of Bill C-44 on Monday, May 8, 2017, from 3:30 p.m. to 6:30 p.m. and, if necessary, on Tuesday, May 9, 2017, from 3:30 p.m. to 5:30 p.m.

3. That the Committee invite both the current and former Parliamentary Budget Officer and related witnesses on Bill C-44 on Wednesday, May 10, 2017, from 3:30 to 5:30 p.m.

4. That, if Bill C-44 is referred to the Committee by the House during the subject matter study of the Bill, all evidence and documentation received in public in relation to its subject matter study of Bill C-44 be deemed received by the Committee in the context of its legislative study of Bill C-44.

5. That the Clerk of the Committee write immediately to each Member of Parliament who is not a member of a caucus represented on the Committee, to inform them of the beginning of the subject matter study of Bill C-44 by the Committee and to invite them to start working on their proposed amendments to the Bill, which would be considered during the clause-by-clause study of the Bill.

6. That Members of the Committee submit their prioritized witness lists for the study of Bill C-44 to the Clerk of the Committee by no later than noon on Friday, May 5, 2017, and that these lists be distributed to Members that same day.

7. That the Subcommittee on Agenda and Procedure meet on Monday morning, May 8, 2017, to finalize the list of witnesses to be invited to appear on Bill C-44.

8. That the Committee hear from witnesses on Bill C-44 on the following dates:

  1. Thursday, May 11, 2017 from 3:30 p.m. to 5:30 p.m.;
  2. Monday, May 15, 2017 from 3:30 p.m. to 6:30 p.m.;
  3. Tuesday, May 16, 2017 from 3:30 p.m. to 6:30 p.m.;
  4. Wednesday, May 17, 2017 from 3:30 p.m. to 6:30 p.m; and
  5. Thursday, May 18, 2017 from 3:30 p.m. to 6:30 p.m.

9. That the Committee invite the Minister of Finance to appear on Bill C-44 at 3:30 p.m. on Wednesday, May 17 or Thursday, May 18 (according to his availability).

10. That the Committee commence clause-by-clause consideration of Bill C-44 on Monday, May 29, 2017 at 3:30 p.m., subject to the Bill being referred to the Committee.

11. That proposed amendments to Bill C-44 be submitted to the Clerk of the Committee in both official languages by 5:00 p.m. on Thursday, May 25, 2017 at the latest.

Motion

Ron Liepert moved, — That the Chair of the Committee write, as promptly as possible, to the Chairs of the following standing committees inviting those committees to study the subject matter of the following provisions of Bill C-44, An Act to implement certain provisions of the budget tabled in Parliament on March 22, 2017 and other measures:

(i) the Standing Committee on Veterans Affairs, Part 4, division 12 of the Bill;

(ii) the Standing Committee on Citizenship and Immigration, Part 4, division 13 of the Bill;

(iii) the Standing Committee on Human Resources, Skills and Social Development and the Status of Persons with Disabilities, Part 4, division 14 of the Bill;

(iv) the Standing Committee on Transport, Infrastructure and Communities, Part 4, division 18 of the Bill.

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

Motion

Pierre-Luc Dusseault moved, — That the Chair of the Committee write, as promptly as possible, to the Chair of the Standing Committee on International Trade, inviting that Committee to study the subject matter of Part 4, Division 1 of Bill C-44, An Act to implement certain provisions of the budget tabled in Parliament on March 22, 2017 and other measures.

The question was put on the motion and it was negatived, by a show of hands: YEAS: 4; NAYS: 5.

Motion

Pierre-Luc Dusseault moved, — That the Chair of the Committee write, as promptly as possible, to the Chair of the Standing Committee on Government Operations and Estimates, inviting that Committee to study the subject matter of Part 4, Division 4 of Bill C-44, An Act to implement certain provisions of the budget tabled in Parliament on March 22, 2017 and other measures.

The question was put on the motion and it was agreed to, by a show of hands: YEAS: 5; NAYS: 4.

Motion

Pierre-Luc Dusseault moved, — That the Chair of the Committee write, as promptly as possible, to the Chair of the Standing Committee on Justice and Human Rights, inviting that Committee to study the subject matter of Part 4, Division 10 of Bill C-44, An Act to implement certain provisions of the budget tabled in Parliament on March 22, 2017 and other measures.

The question was put on the motion and it was negatived, by a show of hands: YEAS: 4; NAYS: 5.

Motion

Pierre-Luc Dusseault moved, — That the Chair of the Committee write, as promptly as possible, to the Chair of the Standing Committee on Human Resources, Skills and Social Development and the Status of Persons with Disabilities, inviting that Committee to study the subject matter of Part 4, Division 11 of Bill C-44, An Act to implement certain provisions of the budget tabled in Parliament on March 22, 2017 and other measures.

The question was put on the motion and it was negatived, by a show of hands: YEAS: 4; NAYS: 5.

It was agreed, — That, a) each of the standing committees listed in the motions of Ron Liepert and Pierre-Luc Dusseault be requested to convey recommendations, including any suggested amendments, in both official languages, in relation to the provisions considered by them, in a letter to the Chair of the Standing Committee on Finance, in both official languages, no later than 5:00 p.m. on Friday, May 19, 2017;

b) any amendments suggested pursuant to paragraph (a) shall be deemed to be proposed during the clause-by-clause consideration of Bill C-44, and further provided that the members of the Standing Committee on Finance may propose amendments notwithstanding the recommendations received pursuant to paragraph (a);

c) if a standing committee listed in the motions of Ron Liepert and Pierre-Luc Dusseault chooses not to consider the subject matter of the provisions, it advise the Chair of the Standing Committee on Finance by letter, in both official languages, no later than 4:00 p.m. on Thursday, May 11, 2017.

Motion

Pierre-Luc Dusseault moved, — That the Committee, in light of the hundreds of stories CBC/Radio-Canada has heard from employees of Canada’s big banks, study the aggressive and sometimes deceptive and illegal business practices of Canada’s banks; that the Committee invite to testify before it The Toronto Dominion Bank, the Royal Bank of Canada, the Bank of Montreal, the Canadian Imperial Bank of Commerce, Scotiabank, the Canadian Bankers Association and any other stakeholders that the Committee deems relevant to invite; that the Committee meet for at least 6 regular meetings and that the Committee report the evidence heard and its recommendations to the House of Commons.

Debate arose thereon.

Amendment

Ron Liepert moved, — That the motion be amended by replacing the words “in light of the hundreds of stories CBC/Radio-Canada has heard from employees of Canada’s big banks, study the aggressive and sometimes deceptive and illegal” with the words “study, as alleged in the media,”.

After debate, the question was put on the amendment of Ron Liepert and it was agreed to.

The question was put on the motion, as amended, and it was negatived, by a show of hands: YEAS: 4; NAYS: 5.

Motion

Greg Fergus moved, — That, pursuant to Standing Order 108, the Committee undertake a study of no more than three meetings to understand the practices of Schedule I banks on the sale of financial products and services to clients, with special regard to:

i.sales practices and incentives for employees;
ii.opportunities for redress;
iii.codes of conduct;
iv.penalties for breaches of codes of conduct; and

that the Committee also call upon the Financial Consumer Agency of Canada and the Office of the Superintendent of Financial Institutions to discuss their overview of the financial services industry with regard to the study above.

After debate, the question was put on the motion and it was agreed to, by a show of hands: YEAS: 9; NAYS: 0.

At 5:47 p.m., the sitting was suspended.

At 5:49 p.m., the sitting resumed in camera.

It was agreed, — That the Committee submit to the Subcommittee on Committee Budgets of the Liaison Committee a preliminary proposal for travel to nine cities across Canada on the Pre-Budget Consultations, as well as a preliminary proposal to travel to Washington, D.C., and New York, N.Y., on the Pre-Budget Consultations, in Fall 2017.

At 5:50 p.m., the Committee adjourned to the call of the Chair.



Suzie Cadieux
Clerk of the Committee