FINA Committee Meeting

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Minutes of Proceedings

Standing Committee on Finance (FINA)

44th Parliament, 1st Session

Meeting 144

Thursday, May 30, 2024, 10:03 a.m. to 2:08 p.m.

Room 025-B, West Block

Televised

Presiding

Peter Fonseca, Chair (Liberal)

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Members of the Committee present

Liberal

Conservative

Bloc Québécois

Gabriel Ste-Marie

NDP

Don Davies

Acting Members present

• Blaine Calkins for Jasraj Singh Hallan (Conservative)

• Peter Schiefke for Ryan Turnbull (Liberal)

• Jean Yip for Ryan Turnbull (Liberal)

In attendance

Library of Parliament

• Brett Capwell, Analyst

Committee Business

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

It was agreed, — That the proposed budget in the amount of $60,050, for the study of Bill C‑59, An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023, be adopted.

It was agreed, — That, in relation to the access to information request received by the Office of the Premier of Nova Scotia and communicated to the committee on Monday, April 29, 2024, the committee instruct the clerk to authorize disclosure of said documents, with the understanding that they remain protected by parliamentary privilege.

Bill C-69, An Act to implement certain provisions of the budget tabled in Parliament on April 16, 2024

Witnesses

As an individual

• Vivek Dehejia, Associate Professor of Economics and Philosophy, Carleton University

BC Diabetes Foundation

• Tom Elliott, Doctor

• Ramya Hosak

Canada Border Services Agency

• Carl Desmarais, Director General, Inland Enforcement Directorate

• Richard St Marseille, Director General, Immigration Policy and External Review

Canada Mortgage and Housing Corporation

• Babak Mahmoudi Ayough, Advisor, Housing Policy and Research

Communications Security Establishment

• Stephen Bolton, Director General, Strategic Policy

Convenience Industry Council of Canada

• Anne Kothawala, President and Chief Executive Officer

Correctional Service of Canada

• Luc Bisson, Acting Assistant Commissioner, Policy

• Ian Broom, Director General, Research Branch

Department of Canadian Heritage

• Sarah Boily, Director General, Official Languages

• Marcel Fallu, Manager, Official Languages Branch

Department of Citizenship and Immigration

• Chris Hamilton, Senior Director, Asylum Policy Branch

Department of Crown-Indigenous Relations and Northern Affairs

• Krista Apse, Director General, Missing and Murdered Indigenous Women and Girls Secretariat

• Mélanie Barrieau, Senior Director, Missing and Murdered Indigenous Women and Girls Secretariat

Department of Employment and Social Development

• Neil Burron, Manager, Strategic Policy and Legislative Reform, Policy, Dispute Resolution and International Affairs, Labour Program

• Benoit Cadieux, Director, Policy Analysis and Initiatives, Skills and Employment Branch

• Neal Leblanc, Director, Canada Pension Plan Policy and Legislation, Income Security and Social Development Branch

• Christina Norris, Director General, Canada Education Savings Program

• Elisha Ram, Senior Assistant Deputy Minister, Income Security and Social Development Branch

• Russell Sharpe, Manager, Policy Analysis and Initiatives, Employment Insurance Policy Directorate, Skills and Employment Branch

• Charles Philippe Rochon, Senior Policy Analyst, Labour Program

• Hugues Vaillancourt, Director General, Social Policy Directorate

• Jonathan Wallace, Director General, Canada Student Financial Assistance Program

• Douglas Wolfe, Director General, Policy Development and Legislative Reform, Labour Program

Department of Finance

• Stefania Bartucci, Director, Strategic Projects, Personal Income Tax Division

• Maximilian Baylor, Director General, Business Income Tax Division

• Matthew Boldt, Acting Senior Director, Housing Finance

• Alexander Bonnyman, Director, Debt Management

• Geneviève Brown, Executive Director, Innovative Finance for International Assistance Division

• Justin Brown, Senior Director, Financial Crimes Policy, Governance and Transparency

• Christian Cioffi, Analyst, Pensions Policy

• Gina Clark, Senior Director, International Finance

• Galen Countryman, Director General, Federal-Provincial Relations and Social Policy Branch

• Yves Dushimimana, Senior Economist, Framework Policy

• Kirsten Fraser, Director, Financial Services Division

• Jack Glick, Acting Director, Excise Policy

• Nina Gormanns, Director, Environmental Taxation and Policy

• Lindsay Gwyer, Director General, Legislation, Tax Legislation Division, Tax Policy Branch

• Philippe Hall, Director, Multilateral Institutions

• Erin Hunt, Director General, Financial Crimes and Security Division

• Darren Mason, Director, International Monetary and Financial Policy

• Riley McDonald, Advisor, Asset Management, Crown Investment and Asset Management

• David Messier, Director, International Taxation Section, Business Income Tax Division

• Tyler Minty, Director, Business Income Tax Division

• Peter Repetto, Senior Director, International Tax

• Charles Perreault, Senior Director, Reserves Management

• Amanda Riddell, Director, Real Property and Financial Institutions, Sales Tax Division, Tax Policy Branch

• Barbara Russell, Director, Competition and Strategic Initiatives, Financial Institutions Division

• Khusro Saeedi, Senior Director, Framework Policy, Financial Institutions Division

• Gregory Smart, Expert Advisor, Sales Tax Division, Tax Policy Branch

• Robert Snell, Senior Economist, Financial Services Division

• Thomas Ward, Director, Strategic Policy

• David Whalen, Senior Economist, Consumer Affairs

• Kathleen Wrye, Director, Pensions Policy, Financial Crimes and Security Division

Department of Health

• Carol Anne Chénard, Acting Director General, Office of Controlled Substances

• Sonia Johnson, Director General, Tobacco Control

• David K. Lee, Chief Regulatory Officer, Health Products and Food Branch

• Celia Lourenco, Associate Assistant Deputy Minister, Health Products and Food Branch

• Jennifer Pelley, Director, Controlled Substances and Cannabis Branch

Department of Industry

• Andre Arbour, Director General, Telecommunications and Internet Policy Branch

• Marc-André Rochon, Senior Director, Spectrum Management Operations Branch

Department of Justice

• Daniel Bourgeois, Senior General Counsel, Tax Law Services Portfolio

• Erin Cassidy, Counsel, Criminal Law Policy Section

• Anna Dekker, Acting Senior Counsel, Judicial Affairs Section, Public Law and Legislative Services Sector

• Sandro Giammaria, Counsel, Criminal Law Policy Section

• Kenyatta Hawthorne, Counsel, Criminal Law Policy Section

• Marie-Josée Poirier, Counsel, Judicial Affairs Section

Department of the Environment

• Sarah Jackson, Director, Legislative and Regulatory Affairs, Impact Assessment Agency of Canada

• Brenna MacNeil, Director General, Strategic Integration, Impact Assessment Agency of Canada

Department of Transport

• Natalie Dolan, Executive Director, Policy, High Frequency Rail

Dow Canada

• W. Scott Thurlow, Senior Advisor, Government Affairs

Financial Transactions and Reports Analysis Centre of Canada

• Patricia Bennett, Manager, Strategic Policy, Partnership, Policy and Analysis

Fresh Roots Urban Farm Society

• Sherry Stevenson, Executive Director

Momentum

• Jeff Loomis, Executive Director

Office of the Superintendent of Financial Institutions

• Michael Hammond, Chief Financial Officer

OneClose

• Kevin Murphy, Chief Executive Officer

Public Health Agency of Canada

• Wendy V. Norman, Professor, CART Contraception Research Lab, University of British Columbia

Treasury Board Secretariat

• Nadine Labrie, Senior Director, Pension Policy and Programs

Union québécoise des microdistilleries

• Vincent Lambert, General Secretary

Wealthsimple Investment Inc.

• Jessica Oliver, Head, Government and Regulatory Relations

Pursuant to the order of reference of Wednesday, May 22, 2024, the committee resumed consideration of Bill C-69, An Act to implement certain provisions of the budget tabled in Parliament on April 16, 2024.

Michael Hammond, Luc Bisson, Maximilian Baylor, Andre Arbour, Kirsten Fraser, Peter Repetto, Babak Mahmoudi Ayough, Jonathan Wallace, Hugues Vaillancourt, Alexander Bonnyman, Lindsay Gwyer, Carl Desmarais, Celia Lourenco, Stefania Bartucci and Matthew Boldt answered questions.

At 11:06 a.m., the meeting was suspended.

At 11:13 a.m., the meeting resumed.

Sherry Stevenson and Kevin Murphy made statements and answered questions.

At 12:05 p.m., the meeting was suspended.

At 12:12 p.m., the meeting resumed.

Vivek Dehejia, Tom Elliott, Ramya Hosak and W. Scott Thurlow made statements and answered questions.

At 1:05 p.m., the meeting was suspended.

At 1:10 p.m., the meeting resumed.

Jeff Loomis, Wendy V. Norman and Vincent Lambert made statements and answered questions.

At 2:08 p.m., the committee adjourned to the call of the Chair.

Alexandre Roger

Clerk of the committee