FINA Committee Meeting

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MINUTES OF PROCEEDINGS

Meeting No. 36

Monday, April 14, 2008

The Standing Committee on Finance met in a televised session at 3:34 p.m. this day, in Room 253-D, Centre Block, the Chair, Rob Merrifield, presiding.

Members of the Committee present: Paul Crête, Dean Del Mastro, Rick Dykstra, Jean-Yves Laforest, Hon. John McCallum, Hon. John McKay, Ted Menzies, Rob Merrifield, Massimo Pacetti, Hon. Garth Turner and Mike Wallace.

Acting Members present: Martha Hall Findlay for Hon. John McCallum.

In attendance: Library of Parliament: June Dewetering, Principal Analyst ; Alexandre Laurin, Analyst ; Philippe Bergevin, Analyst.

Witnesses: Financial Executives International Canada: Barry Gorman, Chair, Tax Committee; Michael Conway, Chief Executive and National President. Organisation for Economic Co-operation and Development: Christopher Heady, Head of Division, Tax Policy and Statistics Division, Centre for Tax Policy and Administration. York University: Neil Brooks, Director, Graduate Program in Taxation, Osgoode Hall Law School.

Pursuant to Standing Order 108(2) and the motion adopted by the Committee on February 4, 2008, the Committee resumed its study on the Structure of Canada's Federal Revenue-Raising System.

The witnesses made statements and answered questions.

At 5:29 p.m., the sitting was suspended.

At 5:30 p.m., the sitting resumed.

The Committee proceeded to the consideration of matters related to Committee business.

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

Your Subcommittee on Agenda and Procedure met on Monday, April 14, 2008 and agreed to recommend the following:

1. That the Committee gives priority to the study of Bill C-50, An Act to implement certain provisions of the budget tabled in Parliament on February 26, 2008 and to enact provisions to preserve the fiscal plan set out in that budget.

2. That the Committee continue its study on asset-backed commercial paper following the tabling of the report on Bill C-50, An Act to implement certain provisions of the budget tabled in Parliament on February 26, 2008 and to enact provisions to preserve the fiscal plan set out in that budget.

3. That the Committee hear from the Governor of the Bank of Canada on the subject of his report on monetary policy on April 30, 2008.

Respectfully submitted,
ROB MERRIFIELD
Chair

At 5:30 p.m., the Committee adjourned to the call of the Chair.

Jean-François Pagé
Clerk of the Committee

2008-04-16 1:33 p.m.