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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

45th Parliament, 1st Session
Meeting 31
Thursday, March 26, 2026, 8:15 a.m. to 10:19 a.m.
Televised
Presiding
Hon. Karina Gould, Chair (Liberal)

Library of Parliament
• Mehrab Kiarsi, Analyst
• Shaowei Pu, Analyst
Department of Finance
• Brian Torgunrud, Senior Director, Economic Analysis and Forecasting
• Matthew Boldt, Acting Senior Director, Housing Finance
• Mark Radley, Director, Consumer Affairs
Equifax Canada Co.
• Sue Hutchison, President and Chief Executive Officer
• Rebecca Oakes, Vice-President, Advanced Analytics
TransUnion Canada
• Matt Fabian, Senior Director, Research and Consulting
• Clarke Cross, Director, Government Relations
Pursuant to Standing Order 108(2) and the motion adopted by the committee on Monday, March 9, 2026, the committee commenced its study of household debt in Canada.

Brian Torgunrud made a statement and, with Matthew Boldt, answered questions.

At 9:20 a.m., the meeting was suspended.

At 9:24 a.m., the meeting resumed.

Sue Hutchinson, Clarke Cross and Matt Fabian made statements and, with Rebecca Oakes, answered questions.

Motion

Jasraj Hallan moved, — That, given that:

(a) taxes on beer, wine and liquor will automatically increase on Wednesday, April 1, 2026;

(b) since the Liberal government implemented the automatic alcohol tax hike in 2017, excise rates have automatically increased by more than 18% costing Canadians nearly $1 billion, making taxes nearly half the price of what consumers pay for a drink;

(c) Canadians and businesses cannot afford another tax increase; and

(d) a coalition of unions representing Canadian brewery workers is calling for the government to cancel the upcoming automatic alcohol tax hike;

the committee report to the House that it calls on the government to cancel its Wednesday, April 1, 2026, tax increase on beer, wine, and liquor.

Debate arose thereon.

At 10:16 a.m., the meeting was suspended.

At 10:17 a.m., the meeting resumed.

The debate continued.

Motion

Ryan Turnbull moved, — That the committee do now adjourn.

The question was put on the motion and the result of the vote was announced:

YEAS: Carlos Leitão, Kent MacDonald, Jake Sawatzky, Ryan Turnbull — 4;

NAYS: Sandra Cobena, Jasraj Hallan, Pat Kelly, William Stevenson — 4.

Whereupon, the Chair voted in the affirmative.

Accordingly, the motion was agreed to.

At 10:19 a.m., the committee adjourned to the call of the Chair.



Danielle Widmer,
Vicky Sedhya Maurice-Sevigny
Clerks of the committee