FINA Committee Report
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|In accordance with its Order of Reference of Thursday, May 27, 2021, your committee has considered Bill C-30, An Act to implement certain provisions of the budget tabled in Parliament on April 19, 2021 and other measures, and agreed on Thursday, June 3, 2021, to report it with the following amendments:|
That Bill C-30, in Clause 24, be amended by adding after line 2 on page 45 the following:
“(32.1) The Minister of Finance must prepare a report on proposed measures to
(a) prevent publicly traded companies and their subsidiaries from paying dividends or repurchasing their own shares while receiving the Canada Emergency Wage Subsidy, for the period that is after the tabling of the report under subsection (32.2); and
(b) recover wage subsidy amounts from publicly traded companies and their subsidiaries that paid dividends or repurchased their own shares while receiving the Canada Emergency Wage Subsidy, for the period that is before the tabling of the report under subsection (32.2).
(32.2) The Minister of Finance must cause the report to be tabled in each House of Parliament no later than 30 days after the day on which this Act receives royal assent or, if either House is not then sitting, on any of the first 15 days on which that House is sitting.”
Clause 158 is deleted.
|Your committee has ordered a reprint of Bill C-30, as amended, as a working copy for the use of the House of Commons at the report stage.|
|A copy of the relevant Minutes of Proceedings (Meetings Nos. 51 to 53) is tabled.|