Evidence of meeting #14 for Finance in the 45th Parliament, 1st session. (The original version is on Parliament’s site, as are the minutes.) The winning word was havens.

A recording is available from Parliament.

On the agenda

Members speaking

Before the committee

Deneault  Professor, As an Individual
Ward  Principal Analyst, Centre for International Corporate Tax Accountability and Research
Xuereb  Economist, Canadians for Tax Fairness
Caldera  Campaign Director, Beneficial Ownership Project, IMPACT Transforming natural resource management

7:40 p.m.

Conservative

Pat Kelly Conservative Calgary Crowfoot, AB

I apologize, Mr. Turnbull.

Chair, I wonder if you would, at this moment, grant a suspension for a few minutes to see if we have a solution for how to amend this motion.

The Chair Liberal Karina Gould

It would be my pleasure.

The Chair Liberal Karina Gould

Mr. Turnbull, you have the floor.

Ryan Turnbull Liberal Whitby, ON

It looks like we've agreed on a compromise here with an amended motion. I think the Conservatives have a version of that, if I'm not mistaken, that they can read into the record.

I'll cede the floor to have that introduced.

The Chair Liberal Karina Gould

Let me just check that the clerk has the motion.

I understand there might be some agreement.

Mr. Kelly, go ahead.

7:47 p.m.

Conservative

Pat Kelly Conservative Calgary Crowfoot, AB

I was going to suggest that procedurally—of course we're in your hands, Chair—it will be up to Mr. Turnbull to proceed.

I understand that the first step is to withdraw the amendment, so that we would then have the ability to create the compromise amendment.

As chair, you would have to ask to him withdraw and ask for unanimous consent.

The Chair Liberal Karina Gould

Thank you.

Mr. Turnbull will you withdraw—

Ryan Turnbull Liberal Whitby, ON

Yes, I ask for unanimous consent to withdraw my amendment under the condition that we will be proceeding with an amendment that was agreed upon by all parties.

Thank you.

7:47 p.m.

Conservative

Pat Kelly Conservative Calgary Crowfoot, AB

Agreed.

The Chair Liberal Karina Gould

Do we have unanimous consent?

Some hon. members

Agreed.

The Chair Liberal Karina Gould

(Amendment withdrawn)

Now, we'll go to Mr. Kelly.

7:47 p.m.

Conservative

Pat Kelly Conservative Calgary Crowfoot, AB

The clerk is in possession of the text, and I'll be as accurate as I can be.

I propose that we amend Monsieur Garon's motion by deleting the preamble:

Given that, according to the Parliamentary Budget Officer's report, the projected deficit has more than doubled since the Fall Economic Statement of 2024, that the new spending measures transform what would have been a surplus operating balance into a deficit, that he considers that the overly broad definition of capital investments used by the government creates a major discrepancy with his estimates, that the lack of an objective definition of these investments directly influences budgetary decisions, and that the Parliamentary Budget Officer's stress tests indicate that it is unlikely that the government will meet its budgetary anchor of reducing the deficit-to-GDP ratio.

I'm deleting those words and adding the words in the third paragraph: “That the testimony of the Parliamentary Budget Officer must”....

I'm sorry, we've already deleted the reference, so the only other part that we add is in the third paragraph: “That the testimony of the Parliamentary Budget Officer must necessarily take place before the study of the budget implementation bill begins”. We also add: “that this testimony be considered part of the budget implementation act study”.

The Chair Liberal Karina Gould

Is that what you have?

A voice

Yes.

Jean-Denis Garon Bloc Mirabel, QC

Is it possible to read the French version, please?

The Chair Liberal Karina Gould

Yes, it has just been distributed.

Has it been sent by email?

The Clerk of the Committee Jean-Luc Plourde

I think you have just received it.

The Chair Liberal Karina Gould

I will suspend for two minutes.

In fact, it seems that it is not necessary.

Is there debate?

No.

Can we pass this on unanimous consent?

(Amendment agreed to)

Look at that. Okay, we did a good job.

Can we pass the motion on UC, as amended?

(Motion as amended agreed to [See Minutes of Proceedings]

Do I have consent from the committee to adjourn?

Some hon. members

Agreed.

The Chair Liberal Karina Gould

There we go. That was a good job, everybody.