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FINA Committee Meeting

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Minutes of Proceedings

Standing Committee on Finance (FINA)
42nd Parliament, 1st Session
Meeting 196
Thursday, February 7, 2019, 11:03 a.m. to 12:58 p.m.
Presiding
Hon. Wayne Easter, Chair (Liberal)

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Liberal

Conservative

Library of Parliament
• Brett Capwell, Analyst
• Michaël Lambert-Racine, Analyst
Bill C-82, An Act to implement a multilateral convention to implement tax treaty related measures to prevent base erosion and profit shifting
As an individual
• Patrick Marley, Co-Chair of Tax Group, Osler, Hoskin & Harcourt LLP
Canadians for Tax Fairness
• Toby Sanger, Executive Director
Pursuant to the Order of Reference of Monday, October 15, 2018, the Committee resumed 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.

Patrick Marley and Toby Sanger made statements and answered questions.

At 12:23 p.m., the sitting was suspended.

At 12:28 p.m., the sitting resumed.

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

The Committee resumed consideration of the motion moved by Francesco Sorbara, on Tuesday, February 5, 2019, which read as follows:

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.

Amendment

Greg Fergus moved, — That the motion be amended by adding after the words “open banking system” the following: “that the Committee dedicate up to four meetings to the hearing of witnesses in Ottawa; that the Committee examine opportunities to travel to jurisdictions that have implemented a framework for open banking, including the United Kingdom; and that the Committee report its findings to the House no later than Friday, June 7, 2019”.

Debate arose thereon.

At 12:58 p.m., the Committee adjourned to the call of the Chair.



David Gagnon
Clerk of the Committee