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MINUTES OF PROCEEDINGS
 
Meeting No. 149
 
Thursday, November 17, 2005
 

The Standing Committee on Finance met at 3:30 p.m. this day, in Room 362, East Block, the Chair, Massimo Pacetti, presiding.

 

Members of the Committee present: Rona Ambrose, Françoise Boivin, Robert Bouchard, Mark Holland, Yvan Loubier, Hon. John McKay, Hon. Maria Minna, Massimo Pacetti and Charlie Penson.

 

Acting Members present: Ken Epp for Monte Solberg and Andrew Scheer for Brian Pallister.

 

In attendance: Library of Parliament: June Dewetering, Principal; Sheena Starky, Analyst. Standing Committee on Finance: Christine Lafrance, Clerk of the Committee.

 

Appearing: Hon. John McKay, Parliamentary Secretary to the Minister of Finance.

 

Witnesses: Department of Finance: Gerry Salembier, Director, Financial Sector Policy Branch; Eleanor Ryan, Chief, Structural Issues, Financial Sector Policy Branch, Financial Institutes Division; Rhoda Attwood, General Counsel, Law Branch; Manuel Dussault, Senior Project Leader, Consumer Issues, Financial Sector Policy Branch; Khusro Saeedi, Senior Project Leader, Structural Issues, Financial Sector Policy Branch; Mary O'Connor, Counsel, Law Branch.

 
Pursuant to the Order of Reference of Monday, March 7, 2005, the Committee resumed consideration of Bill C-273, An Act to amend the Income Tax Act (deduction for volunteer emergency service).
 

The Chair presented a draft report which read as follows:

Whereas the Committee is generally supportive of the intent of Bill C-273 and feels that those who provide volunteer emergency services should be recognized by the federal government through the tax system, there are unresolved questions about:

  • the definition of the term “volunteer emergency service,” and whether it would include the volunteer emergency services provided by auxiliary police officers, auxiliary Royal Canadian Mounted Police officers, and those volunteers who provide emergency search and rescue, paramedic and coast guard services, among others;
  • the definition of the term “emergency,” and whether it would be restricted to situations where the volunteers are putting their lives at risk;
  • the activities that would qualify in determining the number of hours of volunteer service for the purposes of the proposed measure;
  • the existence of accurate, reliable record-keeping and reporting capacity to determine the number of hours of volunteer emergency services;
  • the extent to which the number of hours of volunteer service in the proposal has been set at the appropriate level;
  • whether the authority responsible for the keeping of records would be a municipal authority or an entity approved by the municipality;
  • whether the term “volunteer” would be synonymous with “unpaid”;
  • the relative merits of a tax deduction versus a refundable or non-refundable tax credit;
  • the extent to which provincial/territorial tax revenues would be affected by the proposed measure;
  • and the extent to which this type of measure should be designed only following consultation with the Federation of Canadian Municipalities;

Therefore, in light of the above noted details of the proposal in Bill C-273, be it resolved that this Committee, pursuant to Standing Order 97.1, recommends that the House of Commons do not proceed further with Bill C-273, An Act to amend the Income Tax Act (deduction for volunteer emergency services).

     

    The question: "That the draft report be adopted" was put and was agreed to on the following recorded division: YEAS: Françoise Boivin, Robert Bouchard, Mark Holland, Yvan Loubier, John McKay, Maria Minna — 6; NAYS: Ken Epp, Charlie Penson, Andrew Scheer — 3.

     
    Pursuant to Standing Orders 110 and 111, the Committee commenced consideration of the certificate of nomination of Donald McQueen Shaver to the position of Chairman of the Board of Directors of the Canada Development Investment Corporation which was referred to the Committee on Monday, October 24, 2005.
     
    The Committee proceeded to the consideration of matters related to Committee business.
     

    Pursuant the motion on 48 hour motion notice agreed on Tuesday, October 12, 2004:

     

    John McKay moved, — That this Committee has reviewed the qualifications of Dr. Donald Shaver for re-appointment as Chair of the Canada Development Investment Corporation and the Committee waives further consideration of this nomination.

    Debate arose thereon.

     

    After debate, the question was put on the motion and it was agreed to on the following recorded division: YEAS: Françoise Boivin, Robert Bouchard, Mark Holland, Yvan Loubier, John McKay, Maria Minna — 6; NAYS: Rona Ambrose, Ken Epp, Charlie Penson, Andrew Scheer — 4.

     
    Pursuant to the Order of Reference of Thursday, October 6, 2005, the Committee resumed consideration of Bill C-57, An Act to amend certain Acts in relation to financial institutions.
     

    The Parliamentary Secretary made a statement and, with Gerry Salembier, Eleanor Ryan and Rhoda Attwood, answered questions.

     

    Clauses 1 to 195 inclusive carried severally.

     

    On Clause 196,

    John McKay moved, — That Bill C-57, in Clause 196, be amended by replacing, in the French version, line 8 on page 118 with the following:

    “personnes suivantes :”

     

    After debate, the question was put on the amendment of John McKay and it was agreed to.

     

    Clause 196, as amended, carried.

     

    Clauses 197 to 241 inclusive carried severally.

     

    On Clause 242,

    John McKay moved, — That Bill C-57, in Clause 242, be amended by replacing, in the English version, lines 16 and 17 on page 147 with the following:

    “conducted, the total number of votes represented at the meeting by proxy”

     

    After debate, the question was put on the amendment of John McKay and it was agreed to.

     

    Clause 242, as amended, carried.

     

    Clause 243 carried.

     

    On Clause 244,

    John McKay moved, — That Bill C-57, in Clause 244, be amended by adding after line 5 on page 150 the following:

    “(3.5) The report of the actuary referred to in subsections (3.1) to (3.3) shall be prepared in accordance with generally accepted actuarial practice with such changes as may be determined by the Superintendent and any additional directions that may be made by the Superintendent.”

     

    After debate, the question was put on the amendment of John McKay and it was agreed to.

     

    Clause 244, as amended, carried.

     

    Clauses 245 to 295 inclusive carried severally.

     

    On Clause 296,

    John McKay moved, — That Bill C-57, in Clause 296, be amended by adding after line 32 on page 184 the following:

    “(2.1) The report of the actuary referred to in subsection (2) shall be prepared in accordance with generally accepted actuarial practice with such changes as may be determined by the Superintendent and any additional directions that may be made by the Superintendent.”

     

    After debate, the question was put on the amendment of John McKay and it was agreed to.

     

    Clause 296, as amended, carried.

     

    On Clause 297,

    John McKay moved, — That Bill C-57, in Clause 297, be amended by adding after line 42 on page 184 the following:

    “(1.1) The report of the actuary referred to in subsection (1) shall be prepared in accordance with generally accepted actuarial practice with such changes as may be determined by the Superintendent and any additional directions that may be made by the Superintendent.”

     

    After debate, the question was put on the amendment of John McKay and it was agreed to.

     

    Clause 297, as amended, carried.

     

    Clauses 298 to 453 inclusive carried severally.

     

    The Schedule carried.

     

    The Title carried.

     

    The Bill, as amended, carried.

     

    ORDERED, — That the Chair report the Bill, as amended, to the House.

     

    At 5:30 p.m., the Committee adjourned to the call of the Chair.

     



    Richard Dupuis
    Clerk of the Committee

     
     
    2006/02/28 11:29 a.m.