It was agreed, — That the Clerk of the Committee be authorized to distribute documents received from the Canada Revenue Agency (CRA) pursuant to the Committee's request from May 10, 2016, to the members of the Committee in the language received, ensuring that such documents are translated and distributed as promptly as possible; and

that the documents received from KPMG (as per the Committee’s request from May 5, 2016) and from the CRA (as per the Committee’s request from May 10, 2016) be made public.

The Minister made a statement and, with Ted Gallivan, answered questions.

Guy Caron moved, — That, considering the information heard so far regarding the tax avoidance scheme involving the Isle of Man and the amnesty agreement offered to past or current clients of KPMG LLP, the Standing Committee on Finance extends its ongoing study by a minimum of three (3) more meetings to hear additional witnesses;

That the list of witnesses include, without being limited to, the following witnesses:

KPMG and CRA employees:

– Denis Lacroix – Partner, KPMG LLP

– Michael Hamersley – Former Lawyer, KPMG LLP

– Barrie Philip – Retired Partner, KPMG LLP

– Jeff Sadrian – Senior Advisor, KPMG LLP

– Paul Hickey – Partner, National Tax, KPMG LLP

– Russell Lyon – Auditor, Canada Revenue Agency

Independent experts:

– André Lareau – Professor, Université Laval

– Alain Deneault –Professor, Université de Montréal

– Arthur Cockfield – Professor, Queen’s University

– Dennis Howlett – Executive Director, Canadians for Tax Fairness

That the Commitee hold a supplementary meeting for consideration of a report.

It was agreed, — That consideration of Guy Caron's motion be postponed until the end of the hour.

Questioning of the witnesses resumed.

The Committee resumed consideration of the motion of Guy Caron, — That, considering the information heard so far regarding the tax avoidance scheme involving the Isle of Man and the amnesty agreement offered to past or current clients of KPMG LLP, the Standing Committee on Finance extends its ongoing study by a minimum of three (3) more meetings to hear additional witnesses;

That the list of witnesses include, without being limited to, the following witnesses:

KPMG and CRA employees:

– Denis Lacroix – Partner, KPMG LLP

– Michael Hamersley – Former Lawyer, KPMG LLP

– Barrie Philip – Retired Partner, KPMG LLP

– Jeff Sadrian – Senior Advisor, KPMG LLP

– Paul Hickey – Partner, National Tax, KPMG LLP

–Russell Lyon – Auditor, Canada Revenue Agency

Independent experts:

– André Lareau – Professor, Université Laval

– Alain Deneault –Professor, Université de Montréal

– Arthur Cockfield – Professor, Queen’s University

– Dennis Howlett – Executive Director, Canadians for Tax Fairness

That the Commitee hold a supplementary meeting for consideration of a report.

Debate arose thereon.

It was agreed, — That the consideration of the amendment be referred to the Subcommittee on Agenda and Procedure.

The Chair called Vote 1 under Canada Revenue Agency.

The Minister and Roch Huppé made statements and, with Ted Gallivan, answered questions.

At 12:27 p.m., Ron Liepert took the Chair.

At 12:32 p.m., Hon. Wayne Easter took the Chair.

Vote 1 under Canada Revenue Agency carried on division.

The Chair called Vote 5 under Canada Revenue Agency.

Vote 5 under Canada Revenue Agency carried on division.

ORDERED, — That the Chair report Vote 1 and Vote 5, under Canada Revenue Agency to the House.

Steven MacKinnon gave notice of the following motion:

That the Committee invite Mark Machin, the new President and Chief Executive Officer of the Canada Pension Plan Investment Board, as well as Heather Monroe-Blum, Chairperson of CPPIB’s Board of Directors, to appear as witnesses as soon as possible after the beginning of his mandate.