Industry Committee on May 20th, 2022

[Kaylie Tiessen]

I don't have a specific idea of what the threshold should be. I definitely agree that they need to be much higher. I like the idea of them being proportional to the income or the profits that corporations have worldwide.

One thing that I've heard a few times today is that this change will damage Canada's reputation, and I think what we would actually see is other countries following suit. This conversation is happening globally. We need to make sure that we are deterring the behaviour and that we're punishing this behaviour when it happens. If we move, other countries will move as well.

It's very important. We're being held hostage by this argument that no corporation will ever invest in Canada again. I just don't think that is true.

[Han Dong, Liberal, Don Valley North, ON]

Thank you very much.

I would love to see that graph that Ms. Bednar talked about, so if you do come up with it, feel free to send it through a written submission.

Thank you, Chair.

[The Chair, Liberal, Joël Lightbound]

Thank you, Mr. Dong.

Again, we've had the opportunity as a committee to hear from a panel of experienced witnesses.

I thank all the witnesses who made themselves available so quickly to take part in our meeting.

I'd now like to remind the honourable members that I must prepare a letter to the chair of the Standing Committee on Finance by next Friday.

You'll have the opportunity to provide me with all your observations, recommendations and proposed amendments, which I'll add to the letter that I'll submit for review by the Standing Committee on Finance. Please send me that information fairly early next week. It also has to be translated by the translation service before being sent to the Standing Committee on Finance.

I thank our witnesses again. I also thank the clerk, the analysts, the interpreters and the support staff.

The meeting is adjourned.