Evidence of meeting #72 for Finance in the 39th Parliament, 1st Session. (The original version is on Parliament’s site, as are the minutes.) The winning word was income.
A recording is available from Parliament.
12:15 p.m.
Conservative
The Chair Conservative Brian Pallister
Mr. Dykstra, in answer to your question, if we adopt this amendment as proposed, we will make the other two amendments irrelevant. Thank you.
Madame Savoie.
12:15 p.m.
NDP
Denise Savoie NDP Victoria, BC
I have a procedural question. We're going to vote on the Bloc amendment and then, we'll debate the bill, as amended. Is that correct?
12:15 p.m.
Conservative
12:15 p.m.
Liberal
Dan McTeague Liberal Pickering—Scarborough East, ON
Mr. Chair, I think you'll find the two other amendments are in fact just housekeeping. I say this just to make sure we're not going to lose them, that they will not be lost in this, I hope. I think you left the impression with Madame Savoie that those two small changes Mr. McKay pointed out would not be lost in this. It's important because it's a drafting problem.
12:15 p.m.
Conservative
The Chair Conservative Brian Pallister
Okay.
The other two amendments are housekeeping, but they are related to the clause Monsieur St-Cyr is proposing to amend, and therefore they are wiped out and are not relevant anymore. Okay?
Seeing there is no further discussion, I call for the vote.
(Amendment agreed to)
(Clause 2 as amended agreed to on division)
(On clause 3)
12:15 p.m.
Bloc
Thierry St-Cyr Bloc Jeanne-Le Ber, QC
In light of the amendments that have just been made, clause 3 needs to be deleted, since it is no longer relevant. It refers to the RESP deduction limit. The definition has changed, since the carry-forward provision has been eliminated.
12:15 p.m.
Conservative
The Chair Conservative Brian Pallister
I think you are referring to paragraph three, Monsieur St-Cyr, which has already been addressed by your previous amendment. It was included in it and has already been approved.
12:15 p.m.
Bloc
Thierry St-Cyr Bloc Jeanne-Le Ber, QC
That's not what I'm saying. I'm only telling committee members that they need to vote against clause 3 because by amending clause 2, we've done away with the idea of an RESP deduction limit. There's no point referring to one. We can leave the wording as it, but it would be meaningless.
Clause 3 states the following:
3. Paragraph (a) of the definition “excess amount” in subsection 204.9(1) of the Act is replaced by the following:
By amending clause 2 and doing away with the carry-forward provision, the reference to “excess amount” becomes obsolete. We've said that the limit was $5,000 per year. If that amount isn't used one year, it is lost.
12:15 p.m.
Conservative
The Chair Conservative Brian Pallister
Mr. St-Cyr is saying that clause 3 refers to excess amounts, and because the committee adopted clause 2 previously there are no excess amounts. It's irrelevant, so you simply vote against the clause and it won't be in the bill.
(Clause 3 negatived on division)
12:15 p.m.
Some hon. members
Agreed, on division.
12:15 p.m.
Some hon. members
Agreed, on division.
12:15 p.m.
Conservative
12:20 p.m.
NDP
Denise Savoie NDP Victoria, BC
I have a question on process. Are you saying that this bill has passed on division? I would ask for a recorded vote.
12:20 p.m.
Conservative
The Chair Conservative Brian Pallister
You're quite welcome to ask for a recorded vote. We will have a recorded vote now because of that request.
12:20 p.m.
NDP
Denise Savoie NDP Victoria, BC
I have another question on process, if I may. It seems to me that we spent a lot of time discussing the amendment and not much time discussing the bill itself and its pros and cons. You summarized some aspects of the implications of the amendment, but I'm very concerned that this bill is just flying through the finance committee.
12:20 p.m.
Conservative
The Chair Conservative Brian Pallister
Madame Savoie has made a very cogent point, but it's not a point of order. We will now have the vote.
Madame Clerk.
12:20 p.m.
Liberal
12:20 p.m.
Conservative
The Chair Conservative Brian Pallister
Sorry. Committee members, we have a point of order from Mr. Pacetti.
