FINA Committee Meeting
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Minutes of Proceedings
The witnesses answered questions.
The committee resumed its clause-by-clause study of the Bill.
Pat Kelly moved, — That, with respect to the committee’s clause-by-clause consideration of Bill C-4:
(a) debate on each remaining clause, including any amendments or subamendments thereto, be limited to no more than five minutes per recognized party, after which the Chair shall forthwith put every question necessary to dispose of the clause and any amendments or subamendments related thereto;
(b) no more than one subamendment shall be moved to any amendment, and once the Chair has put the question on that subamendment, no further subamendments shall be received;
(c) once the time provided for debate on a clause has expired, any amendments, for which notice has been given but were not yet moved, shall be deemed to have been moved and the Chair shall put every question necessary to dispose of the clause, without further debate or amendment;
(d) the committee not adjourn until it has disposed of Bill C-4;
(e) should the clause-by-clause consideration not be completed within the time normally scheduled for the meeting, the committee seek the necessary resources to continue beyond its usual meeting hours until Bill C-4 is disposed of; and
(f) upon completion of clause-by-clause consideration of Bill C-4, the committee’s next meeting be held in its usual meeting hours for its study on tax havens.
Debate arose thereon.
At 11:08 a.m., the meeting was suspended.
At 11:18 a.m., the meeting resumed.
By unanimous consent, on motion of Pat Kelly, it was agreed, — That the motion be amended by deleting the word “recognized”.
After debate, the question was put on the motion, as amended, and it was agreed to.
The motion, as amended, read as follows:
That, with respect to the committee’s clause-by-clause consideration of Bill C-4:
(a) debate on each remaining clause, including any amendments or subamendments thereto, be limited to no more than five minutes per party, after which the Chair shall forthwith put every question necessary to dispose of the clause and any amendments or subamendments related thereto;
(b) no more than one subamendment shall be moved to any amendment, and once the Chair has put the question on that subamendment, no further subamendments shall be received;
(c) once the time provided for debate on a clause has expired, any amendments, for which notice has been given but were not yet moved, shall be deemed to have been moved and the Chair shall put every question necessary to dispose of the clause, without further debate or amendment;
(d) the committee not adjourn until it has disposed of Bill C-4;
(e) should the clause-by-clause consideration not be completed within the time normally scheduled for the meeting, the committee seek the necessary resources to continue beyond its usual meeting hours until Bill C-4 is disposed of; and
(f) upon completion of clause-by-clause consideration of Bill C-4, the committee’s next meeting be held in its usual meeting hours for its study on tax havens.
The committee resumed clause-by-clause consideration on new Clause 2.1 of the Bill.
“Report
2.1 (1) The Minister of Finance must prepare a report that outlines the impact of reducing the personal income tax rate provided in paragraph 117(2)(a) of the Income Tax Act on all tax credits that are calculated using the appropriate percentage as defined in that Act.
Tabling
(2) The Minister of Finance must cause the report to be tabled in each House of Parliament within 90 days after the day on which this section comes into force or, if the House is not then sitting, on any of the first 15 days of the next sitting of the House.
Publication
(3) The Minister of Finance must publish the report on the website of the Department of Finance within 10 days after the day on which the report is tabled in both Houses of Parliament.”
The question was put on the amendment of Don Davies and it was agreed to on the following recorded division:
YEAS: Sandra Cobena, Jean-Denis Garon, Jasraj Hallan, Pat Kelly, Eric Lefebvre — 5;
NAYS: Carlos Leitão, Kent MacDonald, Jake Sawatzky, Ryan Turnbull — 4.
On Clause 3,
Jean-Denis Garon moved, — That Bill C-4, in Clause 3, be amended by replacing line 41 on page 3 with the following:“force on March 20, 2025.”
Debate arose thereon.
The Chair ruled the proposed amendment inadmissible because it infringed on the financial initiative of the Crown, as provided on page 772 of House of Commons Procedure and Practice, Third Edition.
Whereupon, Jean-Denis Garon appealed the decision of the Chair.
The question: "Shall the decision of the Chair be sustained?" was put and the decision was overturned on the following recorded division:
YEAS: Carlos Leitão, Kent MacDonald, Jake Sawatzky, Ryan Turnbull — 4;
NAYS: Sandra Cobena, Jean-Denis Garon, Jasraj Hallan, Pat Kelly, Eric Lefebvre — 5.
The question was put on the amendment of Jean-Denis Garon and it was agreed to on the following recorded division:
YEAS: Sandra Cobena, Jean-Denis Garon, Jasraj Hallan, Pat Kelly, Eric Lefebvre — 5;
NAYS: Carlos Leitão, Kent MacDonald, Jake Sawatzky, Ryan Turnbull — 4.
Clause 3, as amended, carried on the following recorded division:
YEAS: Jean-Denis Garon, Carlos Leitão, Kent MacDonald, Jake Sawatzky, Ryan Turnbull — 5;
NAYS: Sandra Cobena, Jasraj Hallan, Pat Kelly, Eric Lefebvre — 4.
On Clause 4,
Pursuant to the order adopted by the committee on Monday, June 16, 2025, the following amendment, submitted by Jenny Kwan for the consideration of the committee, was deemed moved: That Bill C-4, in Clause 4, be amended(a) by deleting lines 8 to 10 on page 4.
(b) by replacing line 15 on page 4 with the following:
“ferred to the particular individual after May 26, 2025 and before 2031, and”
The Chair ruled the proposed amendment inadmissible because it infringed on the financial initiative of the Crown, as provided on page 772 of House of Commons Procedure and Practice, Third Edition.
(a) by replacing line 9 on page 4 with the following:
“paragraph (2)(b) is entered into after March 19, 2025 and”
(b) by replacing line 13 on page 5 with the following:
“force on March 20, 2025.”
The Chair ruled the proposed amendment inadmissible because it infringed on the financial initiative of the Crown, as provided on page 772 of House of Commons Procedure and Practice, Third Edition.
Whereupon, Jean-Denis Garon appealed the decision of the Chair.
The question: "Shall the decision of the Chair be sustained?" was put and the decision was overturned on the following recorded division:
YEAS: Carlos Leitão, Kent MacDonald, Jake Sawatzky, Ryan Turnbull — 4;
NAYS: Sandra Cobena, Jean-Denis Garon, Jasraj Hallan, Pat Kelly, Eric Lefebvre — 5.
The question was put on the amendment of Jean-Denis Garon and it was agreed to on the following recorded division:
YEAS: Sandra Cobena, Jean-Denis Garon, Jasraj Hallan, Pat Kelly, Eric Lefebvre — 5;
NAYS: Carlos Leitão, Kent MacDonald, Jake Sawatzky, Ryan Turnbull — 4.
Clause 4, as amended, carried on division.
On Clause 5,
Pursuant to the order adopted by the committee on Monday, June 16, 2025, the following amendment, submitted by Jenny Kwan for the consideration of the committee, was deemed moved: That Bill C-4, in Clause 5, be amended(a) by deleting lines 22 and 23 on page 5.
(b) by replacing line 28 on page 5 with the following:
“ferred to the particular individual after May 26, 2025 and before 2031, and”
The Chair ruled the proposed amendment inadmissible because it infringed on the financial initiative of the Crown, as provided on page 772 of House of Commons Procedure and Practice, Third Edition.
(a) by replacing line 23 on page 5 with the following:
“entered into after March 19, 2025 and before 2031,”
(b) by replacing line 26 on page 6 with the following:
“force on March 20, 2025.”
The Chair ruled the proposed amendment inadmissible because it infringed on the financial initiative of the Crown, as provided on page 772 of House of Commons Procedure and Practice, Third Edition.
Whereupon, Jean-Denis Garon appealed the decision of the Chair.
The question: "Shall the decision of the Chair be sustained?" was put and the decision was overturned on the following recorded division:
YEAS: Carlos Leitão, Kent MacDonald, Jake Sawatzky, Ryan Turnbull — 4;
NAYS: Sandra Cobena, Jean-Denis Garon, Jasraj Hallan, Pat Kelly, Eric Lefebvre — 5.
The question was put on the amendment of Jean-Denis Garon and it was agreed to on the following recorded division:
YEAS: Sandra Cobena, Jean-Denis Garon, Jasraj Hallan, Pat Kelly, Eric Lefebvre — 5;
NAYS: Carlos Leitão, Kent MacDonald, Jake Sawatzky, Ryan Turnbull — 4.
Clause 5, as amended, carried on the following recorded division:
YEAS: Sandra Cobena, Jean-Denis Garon, Jasraj Hallan, Pat Kelly, Eric Lefebvre, Carlos Leitão, Kent MacDonald, Jake Sawatzky, Ryan Turnbull — 9;
NAYS: — 0.
On Clause 6,
Pursuant to the order adopted by the committee on Monday, June 16, 2025, the following amendment, submitted by Jenny Kwan for the consideration of the committee, was deemed moved: That Bill C-4, in Clause 6, be amended(a) by deleting lines 39 to 41 on page 6.
(b) by replacing line 5 on page 7 with the following:
“ular individual after May 26, 2025 and before 2031, and”
The Chair ruled the proposed amendment inadmissible because it infringed on the financial initiative of the Crown, as provided on page 772 of House of Commons Procedure and Practice, Third Edition.
(a) by replacing line 40 on page 6 with the following:
“paragraph (2)(c) is entered into after March 19, 2025 and”
(b) by replacing line 2 on page 8 with the following:
“force on March 20, 2025.”
The Chair ruled the proposed amendment inadmissible because it infringed on the financial initiative of the Crown, as provided on page 772 of House of Commons Procedure and Practice, Third Edition.
Whereupon, Jean-Denis Garon appealed the decision of the Chair.
The question: "Shall the decision of the Chair be sustained?" was put and the decision was overturned on the following recorded division:
YEAS: Carlos Leitão, Kent MacDonald, Jake Sawatzky, Ryan Turnbull — 4;
NAYS: Sandra Cobena, Jean-Denis Garon, Jasraj Hallan, Pat Kelly, Eric Lefebvre — 5.
After debate, the question was put on the amendment of Jean-Denis Garon and it was agreed to on division.
Clause 6, as amended, carried.
On Clause 7,
Jean-Denis Garon moved, — That Bill C-4, in Clause 7, be amended(a) by replacing line 13 on page 8 with the following:
“residential complex begins after March 19, 2025 and be‐”
(b) by replacing line 40 on page 9 with the following:
“come into force on March 20, 2025.”
The Chair ruled the proposed amendment inadmissible because it infringed on the financial initiative of the Crown, as provided on page 772 of House of Commons Procedure and Practice, Third Edition.
Whereupon, Jean-Denis Garon appealed the decision of the Chair.
The question: "Shall the decision of the Chair be sustained?" was put and the decision was overturned on the following recorded division:
YEAS: Carlos Leitão, Kent MacDonald, Jake Sawatzky, Ryan Turnbull — 4;
NAYS: Sandra Cobena, Jean-Denis Garon, Jasraj Hallan, Pat Kelly, Eric Lefebvre — 5.
After debate, the question was put on the amendment of Jean-Denis Garon and it was agreed to on division.
Clause 7, as amended, carried.
On Clause 8,
Jean-Denis Garon moved, — That Bill C-4, in Clause 8, be amended by replacing line 19 on page 10 with the following:“come into force on March 20, 2025.”
The Chair ruled the proposed amendment inadmissible because it infringed on the financial initiative of the Crown, as provided on page 772 of House of Commons Procedure and Practice, Third Edition.
Whereupon, Jean-Denis Garon appealed the decision of the Chair.
The question: "Shall the decision of the Chair be sustained?" was put and the decision was overturned on the following recorded division:
YEAS: Carlos Leitão, Kent MacDonald, Jake Sawatzky, Ryan Turnbull — 4;
NAYS: Sandra Cobena, Jean-Denis Garon, Jasraj Hallan, Pat Kelly, Eric Lefebvre — 5.
After debate, the question was put on the amendment of Jean-Denis Garon and it was agreed to on division.
Clause 8, as amended, carried.
On Clause 9,
Jean-Denis Garon moved, — That Bill C-4, in Clause 9, be amended by replacing line 4 on page 11 with the following:“come into force on March 20, 2025.”
The Chair ruled the proposed amendment inadmissible because it infringed on the financial initiative of the Crown, as provided on page 772 of House of Commons Procedure and Practice, Third Edition.
Whereupon, Jean-Denis Garon appealed the decision of the Chair.
The question: "Shall the decision of the Chair be sustained?" was put and the decision was overturned on the following recorded division:
YEAS: Carlos Leitão, Kent MacDonald, Jake Sawatzky, Ryan Turnbull — 4;
NAYS: Sandra Cobena, Jean-Denis Garon, Jasraj Hallan, Pat Kelly, Eric Lefebvre — 5.
After debate, the question was put on the amendment of Jean-Denis Garon and it was agreed to on division.
Clause 9, as amended, carried.
On Clause 10,
Jean-Denis Garon moved, — That Bill C-4, in Clause 10, be amended(a) by replacing line 13 on page 11 with the following:
“(a) after March 19, 2025 and before the particular time”
(b) by replacing line 23 on page 11 with the following:
“(3) If, after March 19, 2025, a particular individual makes”
(c) by replacing line 28 on page 12 with the following:
“entered into before March 20, 2025 and the agreement of”
(d) by replacing line 30 on page 12 with the following:
“sidered to be entered into after March 19, 2025, the agree‐”
(e) by replacing line 32 on page 12 with the following:
“March 20, 2025.”
(f) by replacing line 35 on page 12 with the following:
“(a) before March 20, 2025, a particular person that is a”
(g) by replacing line 1 on page 13 with the following:
“(b) after March 19, 2025,”
(h) by replacing line 27 on page 13 with the following:
“tered into before March 20, 2025.”
(i) by replacing line 30 on page 13 with the following:
“(a) before March 20, 2025, a particular person that is a”
(j) by replacing line 35 on page 13 with the following:
“(b) after March 19, 2025,”
(k) by replacing line 18 on page 14 with the following:
“tered into before March 20, 2025.”
(l) by replacing line 20 on page 14 with the following:
“force on March 20, 2025.”
The Chair ruled the proposed amendment inadmissible because it infringed on the financial initiative of the Crown, as provided on page 772 of House of Commons Procedure and Practice, Third Edition.
Whereupon, Jean-Denis Garon appealed the decision of the Chair.
The question: "Shall the decision of the Chair be sustained?" was put and the decision was overturned on the following recorded division:
YEAS: Carlos Leitão, Kent MacDonald, Jake Sawatzky, Ryan Turnbull — 4;
NAYS: Sandra Cobena, Jean-Denis Garon, Jasraj Hallan, Pat Kelly, Eric Lefebvre — 5.
After debate, the question was put on the amendment of Jean-Denis Garon and it was agreed to on division.
Clause 10, as amended, carried on division.
On Clause 11,
Jean-Denis Garon moved, — That Bill C-4, in Clause 11, be amended by replacing line 24 on page 14 with the following:“force on March 20, 2025.”
The Chair ruled the proposed amendment inadmissible because it infringed on the financial initiative of the Crown, as provided on page 772 of House of Commons Procedure and Practice, Third Edition.
Whereupon, Jean-Denis Garon appealed the decision of the Chair.
The question: "Shall the decision of the Chair be sustained?" was put and the decision was overturned on the following recorded division:
YEAS: Carlos Leitão, Kent MacDonald, Jake Sawatzky, Ryan Turnbull — 4;
NAYS: Sandra Cobena, Jean-Denis Garon, Jasraj Hallan, Pat Kelly, Eric Lefebvre — 5.
After debate, the question was put on the amendment of Jean-Denis Garon and it was agreed to on division.
Clause 11, as amended, carried.
On Clause 12,
Jean-Denis Garon moved, — That Bill C-4, in Clause 12, be amended by replacing line 18 on page 16 with the following:“force on March 20, 2025.”
The Chair ruled the proposed amendment inadmissible because it infringed on the financial initiative of the Crown, as provided on page 772 of House of Commons Procedure and Practice, Third Edition.
Whereupon, Jean-Denis Garon appealed the decision of the Chair.
The question: "Shall the decision of the Chair be sustained?" was put and the decision was overturned on the following recorded division:
YEAS: Carlos Leitão, Kent MacDonald, Jake Sawatzky, Ryan Turnbull — 4;
NAYS: Sandra Cobena, Jean-Denis Garon, Jasraj Hallan, Pat Kelly, Eric Lefebvre — 5.
After debate, the question was put on the amendment of Jean-Denis Garon and it was agreed to on division.
Clause 12, as amended, carried.
On Clause 13,
Jean-Denis Garon moved, — That Bill C-4, in Clause 13, be amended by replacing line 4 on page 18 with the following:“force on March 20, 2025.”
The Chair ruled the proposed amendment inadmissible because it infringed on the financial initiative of the Crown, as provided on page 772 of House of Commons Procedure and Practice, Third Edition.
Whereupon, Jean-Denis Garon appealed the decision of the Chair.
The question: "Shall the decision of the Chair be sustained?" was put and the decision was overturned on the following recorded division:
YEAS: Carlos Leitão, Kent MacDonald, Jake Sawatzky, Ryan Turnbull — 4;
NAYS: Sandra Cobena, Jean-Denis Garon, Jasraj Hallan, Pat Kelly, Eric Lefebvre — 5.
After debate, the question was put on the amendment of Jean-Denis Garon and it was agreed to on division.
Clause 13, as amended, carried.
By unanimous consent, Clauses 14 to 39 inclusive carried severally on the following recorded division:
YEAS: Sandra Cobena, Jasraj Hallan, Pat Kelly, Eric Lefebvre, Carlos Leitão, Kent MacDonald, Jake Sawatzky, Ryan Turnbull — 8;
NAYS: Jean-Denis Garon — 1.
Clause 40 carried.
Clause 41 carried.
Clause 42 carried.
By unanimous consent, Clauses 43 to 49 inclusive carried severally.
Clause 1, Short Title, carried on division.
The Title carried on division.
The Bill, as amended, was adopted.
ORDERED, — That the Chair report the Bill, as amended, to the House.
ORDERED, — That Bill C-4, as amended, be reprinted for the use of the House of Commons at report stage.
At 12:11 p.m., the committee adjourned to the call of the Chair.