Evidence of meeting #59 for Finance in the 39th Parliament, 1st Session. (The original version is on Parliament’s site, as are the minutes.) The winning word was trust.
A recording is available from Parliament.
1:20 p.m.
President, Canadian Association of Income Funds
Are you referring to our budget? Our budget is nowhere near millions of dollars. Our budget is perhaps, for the organization in its entirety, between $1 million and $2 million for an entire year.
1:20 p.m.
Conservative
Rick Dykstra Conservative St. Catharines, ON
If you're under the impression that the decision is not going to change or is going to remain the same, why would you not use those funds and invest them on behalf of your investors?
1:20 p.m.
President, Canadian Association of Income Funds
Because we hope at some point the minister comes to his senses and realizes that this is a fiscal policy error.
1:20 p.m.
Independent Consulting Analyst, As an Individual
I just want to make the point that unless I'm not completely up to date, the CAITI members comprise the coalition of energy income trusts; Borden Ladner Gervais; PricewaterhouseCoopers; approximately six structured product investment managers; and, the last time I looked at it, four individuals. I'm sure that's higher by now. So I'd like to indicate that the CAITI does not represent a million Canadians. It largely represents the structured investment managers, a lawyer, a law firm, and an accounting firm that reaped the $2.5 billion of revenues; it isn't a grassroots income trust ownership association.
1:20 p.m.
Conservative
The Chair Conservative Brian Pallister
No, your time is done, Mr. Dykstra.
Thank you very much to our panels for being here.
Mr. McCallum, did you want to bring a motion now?
1:20 p.m.
Conservative
The Chair Conservative Brian Pallister
All right. Thank you very much, panellists, for being here. I appreciate your participation in the process.
Thank you all.
We're adjourned.
