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View James Rajotte Profile
CPC (AB)
I call this meeting to order. This is meeting number 87 of the Standing Committee on Finance. Orders of the day are pursuant to the order of reference of Monday, May 25, 2015. We are doing clause-by-clause of Bill C-59, an act to implement certain provisions of the budget tabled in Parliament on April 21, 2015 and other measures.
Colleagues, we will obviously go through clause by clause. We will have different officials, depending on which part of the bill we are dealing with. I want to welcome the officials here for part 1.
As you know, a motion was adopted that guides the committee on how long to speak. The three political parties on the committee have five minutes per clause, but as you know, as chair I can grant a little more time if we speak a little longer for certain items and then group other clauses together. Some parties have helpfully indicated which ones they wish to speak to as a priority. I appreciate that very much.
For clause-by-clause consideration pursuant to Standing Order 75(1), consideration of clause 1, the short title, is postponed. The chair will therefore call clause 2 dealing with part 1, amendments to the Income Tax Act and related legislation.
I do not have any amendments for clauses 2 to 28, and I understand that I can group clauses 2 to 10 together.
Mr. Brison.
View James Rajotte Profile
CPC (AB)
Clause 1, the short title, is deferred. It's postponed to the end. We're on clauses 2 to 10.
Do you want to speak to one of them?
(On clause 2)
View James Rajotte Profile
CPC (AB)
Thank you.
(Clauses 2 to 10 inclusive agreed to)
The Chair: I understand the NDP would like to speak to clauses 11 and 12.
Mr. Caron.
(On clauses 11 and 12)
View James Rajotte Profile
CPC (AB)
Thank you. That's a good way to start the meeting.
Is there further discussion on clauses 11 and 12?
View James Rajotte Profile
CPC (AB)
Okay, we'll have a recorded vote.
(Clauses 11 and 12 agreed to: yeas 9; nays 0)
The Chair: I'm told I can group clauses 13 to 18 together.
Mr. Brison.
View James Rajotte Profile
CPC (AB)
Okay. Shall clauses 13 to 17 carry?
(Clause 13 to 17 agreed to)
(On clause 18)
The Chair: On clause 18, Mr. Brison, go ahead.
View James Rajotte Profile
CPC (AB)
I understand the NDP wants to deal with clauses 19 to 24 separately.
Mr. Rankin, go ahead on clause 19.
View James Rajotte Profile
CPC (AB)
Thank you.
I have Mr. Brison and then Mr. Caron.
View James Rajotte Profile
CPC (AB)
We're on a broader policy. Let's keep it germane to clause 19. This may be a public policy issue, but I think we should keep it to clause 19, TFSA dollar limits.
View James Rajotte Profile
CPC (AB)
The question was asked and the question was answered by Mr. Jovanovic who said that members of the public can use various ways to shelter.
View James Rajotte Profile
CPC (AB)
Thank you.
Mr. Caron, the floor is yours.
View James Rajotte Profile
CPC (AB)
I assume members want a recorded vote on clause 19.
(Clause 19 agreed to: [See Minutes of Proceedings])
(On clauses 20 to 24)
The Chair: On clauses 20 to 24, do members want to speak to each one?
Mr. Rankin.
View James Rajotte Profile
CPC (AB)
Thank you, Mr. Rankin.
Mr. Brison.
View James Rajotte Profile
CPC (AB)
Thank you, Mr. Brison.
Mr. Saxton.
View James Rajotte Profile
CPC (AB)
Thank you.
As the chair, I want to thank you also for endorsing the recommendation of the 2007 industry committee report, which recommended changing the accelerated capital cost allowance for manufacturing. I appreciate your recent conversion to that position.
Can we group clauses 20 to 24 together for voting?
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