Finance Committee on Nov. 1st, 2012

Evidence of meeting #87 for Finance in the 41st Parliament, 1st Session. (The original version is on Parliament’s site, as are the minutes.) The winning word was capital.

A video is available from Parliament.

On the agenda

Bill C-45, A second Act to implement certain provisions of the budget tabled in Parliament on March 29, 2012 and other measures

MPs speaking

Also speaking

Geoff Trueman Director, Business Income Tax Division, Tax Policy Branch, Department of Finance

Ted Cook Senior Legislative Chief, Tax Legislation Division, Tax Policy Branch, Department of Finance

Shawn Porter Director, Tax Legislation, Department of Finance

Ian Pomroy Senior Tax Policy Officer, Social Tax Policy, Personal Income Tax Division, Department of Finance

Pierre Mercille Senior Legislative Chief, Sales Tax Division, GST Legislation, Tax Policy Branch, Department of Finance

Kei Moray Director, Intergovernmental Tax Policy, Evaluation and Research Division, Tax Policy Branch, Department of Finance

Annie Hardy Chief, Financial Institutions Division, Structural Issues, Financial Sector Policy Branch, Department of Finance

Jane Pearse Director, Financial Institutions Division, Financial Sector Policy Branch, Department of Finance

Jean-François Girard Senior Project Leader, Financial Sector Policy Branch, Department of Finance

Wayne Foster Director, Financial Markets Division, Department of Finance

Dominique LaSalle Director General, Seniors and Pensions Policy Secretariat, Department of Human Resources and Skills Development

Marianna Giordano Director, CPP Policy and Legislation, Department of Human Resources and Skills Development

Krista Campbell Director General, Strategic Policy Branch, Department of Industry

November 1st, 2012 / 5:20 p.m.

NDP

Hoang Mai NDP Brossard—La Prairie, QC

All right.

Regarding the amendments made to the process, has the financial responsibility of the Government of Canada been increased?

5:20 p.m.

Director General, Strategic Policy Branch, Department of Industry

Krista Campbell

There is not a significant impact on the Government of Canada. At most, the penalty would be $5 million and that would be in an instance where the federal government is found to have a measure in place that is an irritant for internal trade and then continues to refuse to remove that irritant.

Even if it were found to have something that was an irritant, there are opportunities for the government to take steps to become compliant and a penalty would not be levied, so there is a relatively minor risk to the federal government.

5:20 p.m.

NDP

Hoang Mai NDP Brossard—La Prairie, QC

Right.

5:20 p.m.

Conservative

The Chair Conservative James Rajotte

Thank you.

Are there any questions? Okay.

We want to thank our officials for presenting these sections to us so well and for responding to our questions. Thank you so much for being with us this afternoon.

Colleagues, I'm going to recommend we adjourn the meeting. We have divisions 15, 17, 22, 23, and 24 of part 4 to deal with on Monday.

I would remind all of you that if you have not yet submitted your witness list to the clerk, please do so as soon as possible in terms of witnesses you'd like to see on the parts and divisions of the bill that the finance committee is dealing with.

You have a point, Mr. Harris?

5:20 p.m.

NDP

Dan Harris NDP Scarborough Southwest, ON

I apologize, and we've let the officials go, but there were a couple of questions we missed asking today. Would it be possible to ask for a follow-up, not to ask them to come back, but to ask those questions through you and ask for a written response?

5:20 p.m.

Conservative

The Chair Conservative James Rajotte

On which sections?

5:20 p.m.

NDP

Dan Harris NDP Scarborough Southwest, ON

Division 7 on the Canada pension plan. It would be question 2 regarding disability in the Library of Parliament's briefing notes.

5:20 p.m.

Conservative

The Chair Conservative James Rajotte

Okay.