FINA Committee Meeting

The Standing Committee on Finance met in a televised session at 3:32 p.m. this day, in Room 237-C, Centre Block, the Chair, Brian Pallister, presiding.

The Chair called Vote 1 under CANADA REVENUE AGENCY.

The witnesses made statements and answered questions.

At 4:59 p.m., the sitting was suspended.

At 5:02 p.m., the sitting resumed.

The Chair presented the First Report from the Subcommittee on Agenda and Procedure which reads as follows:

Your Subcommittee on Agenda and Procedure met on Wednesday, May 3, 2006 and agreed to recommend the following:

1. That whenever the Main Estimates or the Supplementary Estimates are tabled in the House, the Committee invite the Minister and any relevant Senior Officials of a Department to appear at a meeting of the Committee, which is televised if possible.

2. That whenever a Chapter of a Report of the Auditor General refers to a subject under the mandate of the Committee, the Committee invite the Office of the Auditor General of Canada and any relevant Senior Officials of a Department to appear at a meeting of the Committee, which is televised if possible.

3. That notwithstanding the motion of Monday, May 1, 2006, concerning the composition of the Subcommittee on Agenda and Procedure, the motion be amended to read as follows:

That the Subcommittee on Agenda and Procedure be composed of the Chair, two Vice-Chairs, the Parliamentary Secretary to the Minister of Finance and a member from the other opposition party.

4. That notwithstanding the motion of Monday, May 1, 2006, concerning the questioning of witnesses, the motion be amended to read as follows:

That the order of questioners be as follows:

1^st round
1. Liberal 7 minutes
2. Bloc Québécois 7 minutes
3. Conservative 7 minutes
4. NDP 7 minutes

2^nd round
5. Liberal 5 minutes
6. Bloc Québécois 5 minutes
7. Conservative 5 minutes
8. Liberal 5 minutes
9. Conservative 5 minutes
10. Liberal 5 minutes
11. Conservative 5 minutes

When a Minister appears:

1^st round
1. Liberal 7 minutes
2. Bloc Québécois 7 minutes
3. NDP 7 minutes
4. Conservative 7 minutes

2^nd round
5. Liberal 5 minutes
6. Bloc Québécois 5 minutes
7. Conservative 5 minutes
8. Liberal 5 minutes
9. Conservative 5 minutes
10. Liberal 5 minutes

5. That the order of priority for hearings of the Finance Committee be as follows :

1. Main Estimates - 2006-2007

• Canada Revenue Agenecy – Vote 1
• Department of Finance – Vote 1, 5, 10, L15
• Canadian International Trade Tribunal – Vote 25
• Financial Transactions and Reports Analysis Centre of Canada – Vote 30
• Office of the Superintendent of Financial Institutions – Vote 35

2. Statutory Review of the Canada Revenue Agency Act

3. Independent Parliamentary Budget Office

4. Annual Reports of selected Crown Corporations including:

• Canada Pension Plan Investment Board (CPPIB)
• Canadian International Trade Tribunal (CITT)
• Financial Consumer Agency of Canada (FCAC)
• Office of the Superintendent of Financial Institutions (OSFI)
• Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

Respectfully submitted,

BRIAN PALLISTER
Chair

On motion of John McCallum, it was agreed, — That the First Report of the Subcommittee be concurred in.

Garth Turner moved, — That the report of the Subcommittee be concurred in.

The question was put on the motion and it was agreed to on the following recorded division: YEAS: Diane Ablonczy, Rick Dykstra, Luc Harvey, Yvan Loubier, John McCallum, Massimo Pacetti, Michael Savage, Thierry St-Cyr, Garth Turner — 9; NAYS: David Christopherson — 1.

At 5:15 p.m., the Committee adjourned to the call of the Chair.