Evidence of meeting #55 for Finance in the 39th Parliament, 1st Session. (The original version is on Parliament’s site, as are the minutes.) The winning word was amendment.

A recording is available from Parliament.

On the agenda

MPs speaking

Also speaking

Gérard Lalonde  Director, Tax Legislation Division, Tax Policy Branch, Department of Finance

11:20 a.m.

Director, Tax Legislation Division, Tax Policy Branch, Department of Finance

Gérard Lalonde

That issue came up in response to certain pressures on the government of the day to deal with income trusts.

11:20 a.m.

Liberal

John McKay Liberal Scarborough—Guildwood, ON

Okay, so this is the implementation of that enhanced divided tax structure for the corporations?

11:20 a.m.

Director, Tax Legislation Division, Tax Policy Branch, Department of Finance

Gérard Lalonde

That's correct.

11:20 a.m.

Liberal

John McKay Liberal Scarborough—Guildwood, ON

Okay, so that's the tie-in. Well, that's actually helpful.

11:20 a.m.

Conservative

The Chair Conservative Brian Pallister

Thank you, Mr. McKay.

(Amendment agreed to on division) [See Minutes of Proceedings]

(Clause 47 as amended agreed to on division)

(Clauses 48 to 63 inclusive agreed to on division)

(Clause 1 agreed to on division)

11:20 a.m.

Conservative

The Chair Conservative Brian Pallister

Shall the title carry?

11:20 a.m.

Some hon. members

Agreed.

11:20 a.m.

An hon. member

On division.

11:20 a.m.

Conservative

The Chair Conservative Brian Pallister

Shall the bill as amended carry?

11:20 a.m.

Some hon. members

Agreed.

On division.

11:20 a.m.

Conservative

The Chair Conservative Brian Pallister

Shall the chair report the bill as amended to the House?

11:20 a.m.

Some hon. members

Agreed.

On division.

11:20 a.m.

Conservative

The Chair Conservative Brian Pallister

Shall the committee order a reprint of the bill as amended for the use of the House at report stage?

11:20 a.m.

An hon. member

If necessary.

11:20 a.m.

Conservative

The Chair Conservative Brian Pallister

If necessary.

We reconvene on Thursday in East Block at 3:30. We have the Canada Revenue Agency joining us on Thursday at 3:30.

We are adjourned.