Evidence of meeting #9 for Finance in the 44th Parliament, 1st Session. (The original version is on Parliament’s site, as are the minutes.) The winning word was mclean.

A video is available from Parliament.

On the agenda

MPs speaking

Also speaking

Philippe Méla  Legislative Clerk
Clerk of the Committee  Mr. Alexandre Roger
Trevor McGowan  Director General, Tax Legislation Division, Tax Policy Branch, Department of Finance
Maximilian Baylor  Senior Director, Personal Income Tax Division, Tax Policy Branch, Department of Finance
Benoit Cadieux  Director, Special Benefits, Employment Insurance Policy, Skills and Employment Branch, Department of Employment and Social Development

9:55 p.m.

Liberal

The Chair Liberal Peter Fonseca

Is it on this? Time is of the essence.

December 13th, 2021 / 9:55 p.m.

Liberal

Sophie Chatel Liberal Pontiac, QC

At least this version is more in line with the existing language in Bill C-2 and the Income Tax Act that Bill C-2 amends.

9:55 p.m.

NDP

Daniel Blaikie NDP Elmwood—Transcona, MB

I'm happy to vote on the drafter's language in NDP-3, as long as we can have a vote on NDP-4 that will reflect that same language change. That would mean replacing “dividends” in NDP-4 with the term “taxable dividends to an individual who is a holder of common shares of the company or of the subsidiary of the company”.

If we can do that, then it's no problem, because we'll have consistency in the language.

9:55 p.m.

Liberal

The Chair Liberal Peter Fonseca

I'm just going to look to the legislative clerk.

9:55 p.m.

Legislative Clerk

Philippe Méla

The problem is they won't have time to draft NDP-4 before 10 o'clock. That's pretty much a given at this point.

9:55 p.m.

NDP

Daniel Blaikie NDP Elmwood—Transcona, MB

It's a straight swap of terms, so the term “dividend” in NDP-4 is removed, and it would be replaced by the same terms for everything that's highlighted in NDP-3 as submitted by the drafter this evening.

9:55 p.m.

Legislative Clerk

Philippe Méla

If it is the will of the committee to adopt it that way—

9:55 p.m.

NDP

Daniel Blaikie NDP Elmwood—Transcona, MB

Okay.

9:55 p.m.

Liberal

The Chair Liberal Peter Fonseca

We are going to vote first on the amendment to amendment NDP-3.

9:55 p.m.

Liberal

Terry Beech Liberal Burnaby North—Seymour, BC

My hand is raised, Mr. Chair.

9:55 p.m.

Liberal

The Chair Liberal Peter Fonseca

Mr. Beech, go ahead.

9:55 p.m.

Liberal

Terry Beech Liberal Burnaby North—Seymour, BC

I'm a little confused at this stage as to whether this is an appropriate action, given the discussion tonight, but with regard to my previous comments, particularly around preferred shares and dividends within groups of companies, I just want to ask the officials if those concerns, which were raised by officials earlier in this meeting, are addressed by this redraft that is currently being presented to—

9:55 p.m.

Conservative

Pierre Poilievre Conservative Carleton, ON

They can't answer that. They already said so, and so did you.

9:55 p.m.

Liberal

The Chair Liberal Peter Fonseca

Do we have the language for NDP-4?

9:55 p.m.

Legislative Clerk

Philippe Méla

Yes, Mr. Chair. I just received it. I just passed it to my colleague, who is going to pass it on to you.

9:55 p.m.

Liberal

The Chair Liberal Peter Fonseca

This is what we are voting on.

9:55 p.m.

Conservative

Greg McLean Conservative Calgary Centre, AB

I think it was a friendly amendment, and I think Mr. Blaikie accepted the friendly amendment.

9:55 p.m.

NDP

Daniel Blaikie NDP Elmwood—Transcona, MB

Yes.

Well, I'll leave it to the clerk.

9:55 p.m.

Legislative Clerk

Philippe Méla

There is no such thing as a friendly amendment. Once you move an amendment, it has to be adopted by the whole committee.

10 p.m.

Conservative

Greg McLean Conservative Calgary Centre, AB

All right.

10 p.m.

Liberal

The Chair Liberal Peter Fonseca

On the subamendment—

10 p.m.

Liberal

Yvan Baker Liberal Etobicoke Centre, ON

I need clarification, Chair, on what we are voting on.

10 p.m.

Conservative

Pierre Poilievre Conservative Carleton, ON

It's a yea or a nay. There are two options.

10 p.m.

Liberal

Yvan Baker Liberal Etobicoke Centre, ON

Mr. Poilievre, I was speaking to the chair. I need clarification on what we are voting on.

10 p.m.

Conservative

Pierre Poilievre Conservative Carleton, ON

I'm just clarifying for you how voting works.