Order. I'd like to start with a little bit of housekeeping.
A notice of motion was presented by Mr. McCallum. The clerk tells me that we are going to address the report on income trusts on Thursday, so I don't want to get into a debate. If we decide to get into debate, we'll call a special hearing, but I don't want to interrupt the witnesses.
We're here pursuant to the order of reference of Thursday, December 7, 2006, Bill C-37, an act to amend the law governing financial institutions and to provide for related and consequential matters.
I would like to thank the witnesses for coming.
We will give you up to five minutes for your presentation. If possible, try to stay within that time so that members can ask you questions.
We will begin with Mr. Zinatelli from the Canadian Life and Health Insurance Association Inc.