FINA Committee Meeting

The Standing Committee on Finance met at 11:05 a.m. this day, in Room 253-D Centre Block, the Chair, Massimo Pacetti, presiding.

Peter Mackay gave 48 hour notice of the following motion;

That the committee report to the House seeking instruction to divide Bill C-43, An Act to implement certain provisions of the budget tabled in Parliament on February 23, 2005, into two bills: Bill C-43A, An Act to provide payments to provinces and territories and an Act to implement the Nova Scotia and Newfoundland and Labrador additional fiscal equalization offset payments and Bill C-43B, An Act to implement certain provisions of the budget tabled in Parliament on February 23, 2005; that Bill C-43A be composed of Part 24 (Payments to certain provinces and territories) and Part 12 (Nova Scotia and Newfoundland and Labrador additional fiscal equalization offset payments); that Bill C-43B be composed of all remaining Parts of Bill C-43; that the House order the printing of Bills C-43A and C-43B; that the Law Clerk and Parliamentary Counsel be authorized to make such technical changes or corrections as may be necessary to give effect to this motion; that Bill C-43A be reported back to the House immediately; and that the Standing Committee on Finance stop its study of Bill C-43 and Bill C-48 until such time as the House decides the matter of dividing Bill C-43, An Act to implement certain provisions of the budget tabled in Parliament on February 23, 2005.

The Hon. John McKay and Mark Carney made statements and answered questions.

Monte Solberg gave 48 hour notice of the following motion;

That, when the House instructs the committee to divided Bill C-43, An Act to implement certain provisions of the budget tabled in Parliament on February 23, 2005 into two bills; Bill C-43A and Bill C-43B, that it report to the House seeking a further instruction to divide Bill C-43B, An Act to implement certain provisions of the budget tabled in Parliament on February 23, 2005, into two bills: Bill C-43C, An Act to establish the Canada Emission Reduction Incentives Agency, an act to implement the Greenhouse Gas Technology Investment Fund and an act to amend the Canadian Environment Protection Act, 1999 and Bill C-43D, An Act to implement certain provisions of the budget tabled in Parliament on February 23, 2005; that Bill C-43C be composed of Part 13 (Canada Emission Reduction Incentives Agency), Part 14 (Greenhouse Gas Technology Investment Fund) and Part 15 (Amendments to the Canadian Environmental Protection Act, 1999); that Bill C-43D be composed of all remaining Parts of Bill C-43B; that the House order the printing of Bills C-43C and C-43D; that the Law Clerk and Parliamentary Counsel be authorized to make such technical changes or corrections as may be necessary to give effect to this motion; and that the Standing Committee on Finance stop its study of Bill C-43B and Bill C-48 until such time as the House decides the matter of dividing Bill C-43B, An Act to implement certain provisions of the budget tabled in Parliament on February 23, 2005.

At 12:51 p.m., the Committee adjourned to the call of the Chair.