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Results: 1 - 15 of 348
View Emmanuella Lambropoulos Profile
Lib. (QC)
Thanks, Madam Chair.
Mr. Schaan, thank you for your responses.
One of the questions I have had since the last meeting, but did not ask until now, is what the major difference is between smaller and bigger businesses. Is there actually a difference when it comes to this bill? How would they be impacted differently, or does it impact everyone pretty much the same?
View Emmanuella Lambropoulos Profile
Lib. (QC)
With regard to severance pay, [Technical difficulty—Editor] priority. Obviously, pension plans are different because that has to do with interest. People do receive a severance regardless and this is already being done.
Can you correct me if I'm wrong or if you have anything to say about that?
View Pierre Poilievre Profile
CPC (ON)
We've now heard all the arguments for and against the bill. What I need is some technical information. My first question is this: In the event that this bill were to pass, how would it be possible for a business to collateralize assets in order to get loans for expansion and new hiring?
Perhaps Mr. Powell would be the right person to address that technical question.
View Pierre Poilievre Profile
CPC (ON)
I'm not so much suggesting that they would fail. I'm just wondering about the legal question: How would you write a collateral agreement that says that the lender will lend money to the business, that the business will expand, and that, in the event of default, then the lender has recourse to the collateral? How would you write that, with this bill in place, which removes collateral primacy and replaces it with pension primacy?
View Pierre Poilievre Profile
CPC (ON)
Yes, that's a strong argument for the bill. Many businesses should be forced—in the present tense—to get their pensions in order so that they can raise money in the markets. You make a good point.
I don't want to be convinced anymore on anything. I just want an explanation. Is there anyone else who has technical insight on how that would work: a collateral agreement if this bill is in place? Is there anyone else who can jump in on that narrow question?
It looks like we don't have anyone on that point.
My next question is this: Do we need a transition period for the coming into force of this bill? If the bill just dropped like a brick today, it would reorder the priority of creditors in the event of an insolvency or a bankruptcy. It would do so midstream. Creditors that made loans under the existing regime would suddenly have new rules of the game halfway through it.
I see Laura Tamblyn Watts nodding.
Do you want to jump in on that question?
View Pierre Poilievre Profile
CPC (ON)
You said three years. Is that for existing businesses, and then it would be immediate for new businesses?
View Sébastien Lemire Profile
BQ (QC)
Thank you, Madam Chair.
Thank you for your statements. Thank you very much, Mr. Eady, for your very compelling testimony. I understand the emotional charge associated with this issue.
I also thank my colleagues for reflecting on these concerns and doing so outside the box. Refocusing the issue of fairness is important to me.
Maybe we could take a cue from White Birch Paper, for example.
Mr. L'Italien, you have studied this particular case. What can we learn from this saga?
View Michael Chong Profile
CPC (ON)
Canada has been listed in the State Department's reports, as well as in other reports, as being a laggard on money laundering, and has also been criticized for its opacity around beneficial ownership.
What measures should be put in place by the Government of Canada and the provinces to move us from being laggards in this area to being world leaders?
View Shannon Stubbs Profile
CPC (AB)
View Shannon Stubbs Profile
2021-06-07 11:14
Do you also believe that companies must be more responsible for ensuring that the content they are publishing does not contain minors and has the express and explicit consent of the individuals depicted?
View Shannon Stubbs Profile
CPC (AB)
View Shannon Stubbs Profile
2021-06-07 12:30
Thanks, Chair.
Melissa, thanks for your testimony and for being here today.
I share your perspective that it is crucial to distinguish between the hosting and distribution of child sexual abuse material and of material and images that don't have the explicit consent of the people depicted in them.
I think you'd agree—or let me know if you do—that people have a right to own their own images and content that include them, and also the right to withdraw that if they so choose. This is the thing that I think all of us are grappling with—your very strong point about the Criminal Code already being in place and the laws and the regulations that already exist to provide these protections for children and for others who do not give their consent.
What do you make of what the actual problem is, then? What is the enforcement issue, the lack of enforcement and the lack of application of the existing law?
View Shannon Stubbs Profile
CPC (AB)
View Shannon Stubbs Profile
2021-06-07 12:32
Yes.
On April 19 you mentioned a couple of possibilities related to the digital charter implementation act. You touched on the possibility of fines for companies that host and distribute already illegal content. The Minister of Heritage was just here, as you know, so I just wonder if there is.... I understand that you got cut off in your testimony last time, so I just want to see if there are any other details or recommendations you wanted to add in terms of that work.
View Pierre Poilievre Profile
CPC (ON)
Thank you very much, Madam Chair, although there is a new study out from Harvard showing that too many birthdays is the leading cause of death, and I know you don't wish that upon me.
Mr. Thornton, you gave a fantastic presentation, very well reasoned. I'm going to challenge you on it, though, because I think we get to better answers when we have a good debate.
Your first point was that if we prioritize pensions over other liabilities, distressed companies could be forced more quickly into bankruptcy. Can that not be solved by simply having a transition period for the coming into force of this bill, during which time companies that are sub AAA and that have defined benefits could prepare themselves and repair their balance sheets in order to avoid that problem?
View Pierre Poilievre Profile
CPC (ON)
Right. I'm sorry but for those kinds of companies that are in a vulnerable position, could we not just have a transition period during which time they could get their balance sheet, including their pension viability, in order to comply with the bill and avoid bankruptcy?
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