Evidence of meeting #2 for Finance in the 43rd Parliament, 1st Session. (The original version is on Parliament’s site, as are the minutes.) The winning word was billion.

A video is available from Parliament.

On the agenda

MPs speaking

Also speaking

Nicholas Leswick  Assistant Deputy Minister, Economic and Fiscal Policy Branch, Department of Finance
Andrew Marsland  Senior Assistant Deputy Minister, Tax Policy Branch, Department of Finance
Suzy McDonald  Associate Assistant Deputy Minister, Federal-Provincial Relations and Social Policy Branch, Department of Finance
Evelyn Dancey  Associate Assistant Deputy Minister, Economic Development and Corporate Finance Branch, Department of Finance
Soren Halverson  Associate Assistant Deputy Minister, Financial Sector Policy Branch, Department of Finance
Ben Brunnen  Vice-President, Oil Sands, Fiscal and Economic Policy, Canadian Association of Petroleum Producers
Ed Holder  Mayor, City of London
Craig Stewart  Vice-President, Federal Affairs, Insurance Bureau of Canada
Philip Cross  Senior Fellow, Macdonald-Laurier Institute
Bruno Letendre  Chair, Les Producteurs de lait du Québec
Alain Bourbeau  Director General, Les Producteurs de lait du Québec
Barbara Zvan  Chief Risk & Strategy Officer, Canada’s Expert Panel on Sustainable Finance, Ontario Teachers' Pension Plan
Melanie Bechard  Executive Board Member, Canadian Doctors for Medicare
Catherine Cobden  President, Canadian Steel Producers Association
Toby Sanger  Executive Director, Canadians for Tax Fairness

8 p.m.

Executive Director, Canadians for Tax Fairness

Toby Sanger

Okay.

Am I aware of the total amount? I mean, all industries pay taxes in different ways, and royalties.... The effective tax rate on the oil and gas industry has tended to be a bit lower than other sectors.

8 p.m.

Conservative

Greg McLean Conservative Calgary Centre, AB

The number I'm looking for is about how much is provided by the oil and gas industry—

8 p.m.

Executive Director, Canadians for Tax Fairness

Toby Sanger

You know what? I can tell you what the deficit or the net debt is. I can't....

This is not 20 questions, right?

I don't have that number. I don't know what the industry has put out on that.

8 p.m.

Conservative

Greg McLean Conservative Calgary Centre, AB

[Inaudible--Editor]

8 p.m.

Liberal

The Chair Liberal Wayne Easter

No, let Toby answer.

8 p.m.

An hon. member

[Inaudible--Editor]

8 p.m.

Liberal

The Chair Liberal Wayne Easter

Are we done? Are there any last remarks from the witnesses?

Okay, I'll thank the witnesses for their presentations. We had an interesting exchange at times.

Committee members, we will meet tomorrow at 11 o'clock for further witnesses.

Again, thank you for getting together quickly to make a presentation.

We are adjourned.