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FINA Committee Meeting

Notices of Meeting include information about the subject matter to be examined by the committee and date, time and place of the meeting, as well as a list of any witnesses scheduled to appear. The Evidence is the edited and revised transcript of what is said before a committee. The Minutes of Proceedings are the official record of the business conducted by the committee at a sitting.

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Minutes of Proceedings

44th Parliament, 1st Session
Meeting 114
Monday, November 6, 2023, 3:47 p.m. to 6:08 p.m.
Televised
Presiding
Peter Fonseca, Chair (Liberal)

Library of Parliament
• Michaël Lambert-Racine, Analyst
• Joëlle Malo, Analyst
The committee proceeded to the consideration of matters related to committee business.

It was agreed, — That, in relation to the study of pre-budget consultations in advance of the 2024 Budget, the proposed supplementary budget in the amount of $ 34,000, for the committee's travel to Québec, Québec, Toronto, Ontario, Winnipeg, Manitoba, Edmonton, Alberta and Vancouver, British Columbia in Fall 2023, be adopted.

Butler Mortgage Inc.
• Ron Butler, Mortgage Broker
Markee Developments
• Jennifer Keesmaat, Partner
Mortgage Professionals Canada
• Jasmine Toor, Director, Public Affairs
The Shift
• Leilani Farha, Global Director
Union des municipalités du Québec
• Valérie Fortin, Policy adviser
• Catherine Fournier, Chair of the Housing Committee
West Neighbourhood House
• Maureen Fair, Executive Director
Pursuant to Standing Order 108(2) and the motion adopted by the committee on Thursday, September 21, 2023, the committee resumed its study of policy decisions and market forces that have led to increases in the cost of buying or renting a home in Canada.

Ron Butler, Jennifer Keesmaat, Jasmine Toor, Leilani Farha, Catherine Fournier and Maureen Fair, made statements and answered questions.

Jasraj Singh Hallan gave notice of the following motion:

That the committee immediately undertake a five-meeting review of the federal carbon tax and its impact on affordability. And that the committee invite the Minister of Finance to appear on this matter.

Questioning of the witnesses resumed.

Motion

Rachel Bendayan moved, — That the Chair of the committee immediately report to the House, that the committee:

  1. Celebrates the Canada Pension Plan as the foundation of a secure and dignified retirement for tens of millions of Canadians and a pillar of Canada’s economy;
  2. Recognizes the important contribution of the Quebec Pension Plan which was established independently at the same time as the Canada Pension Plan; and,
  3. Stands with the majority of Albertans who are opposed to Premier Danielle Smith’s dangerous plan to withdraw from the Canada Pension Plan that threaten the pensions of millions of seniors and hardworking Canadians from coast to coast.

Debate arose thereon.

Motion

Adam Chambers moved, — That the debate be now adjourned.

The question was put on the motion and it was negatived on the following recorded division:

YEAS: Adam Chambers, Jasraj Singh Hallan, Philip Lawrence, Marty Morantz, Gabriel Ste-Marie — 5;

NAYS: Yvan Baker, Rachel Bendayan, Daniel Blaikie, Julie Dzerowicz, Joanne Thompson, Patrick Weiler — 6.

The committee resumed consideration of the motion of Rachel Bendayan which read as follows:

That the Chair of the committee immediately report to the House, that the committee:

  1. Celebrates the Canada Pension Plan as the foundation of a secure and dignified retirement for tens of millions of Canadians and a pillar of Canada’s economy;
  2. Recognizes the important contribution of the Quebec Pension Plan which was established independently at the same time as the Canada Pension Plan; and,
  3. Stands with the majority of Albertans who are opposed to Premier Danielle Smith’s dangerous plan to withdraw from the Canada Pension Plan that threaten the pensions of millions of seniors and hardworking Canadians from coast to coast.
Motion

Philip Lawrence moved, — That the committee do now adjourn.

The question was put on the motion and it was agreed to on the following recorded division:

YEAS: Daniel Blaikie, Adam Chambers, Jasraj Singh Hallan, Michael Kram, Philip Lawrence, Gabriel Ste-Marie — 6;

NAYS: Yvan Baker, Rachel Bendayan, Julie Dzerowicz, Joanne Thompson, Patrick Weiler — 5.

At 6:08 p.m., the committee adjourned to the call of the Chair.



Alexandre Roger,
Alexandre (Sacha) Vassiliev
Clerks of the committee