Could the next witnesses please come forward as quickly as possible?
We'll now continue pursuant to the order of reference
of Monday December 4, 2006 with respect to Bill C-305, An Act to amend the Income Tax Act (exemption from taxation of 50% of United States social security payments to Canadian residents)
We have several witnesses with us today, including our colleague Mr. Jeff Watson, who I will invite to speak for no more than five minutes.
Mr. Watson, I'll indicate to you and to other witnesses when there is a minute remaining. Of course, I'll then unceremoniously cut you off.
Committee members may want to consider that during these five-minute presentations—I believe we have three of them—there will be a balance of approximately 20 minutes remaining for discussion and, if possible, clause-by-clause.
I welcome Mr. Masse to our committee as well. Thank you for being here.
I will invite committee members to ponder that and possibly the need to extend the time to further discuss it, if they so desire.
We go now to Mr. Watson. Welcome.