Industry Committee on June 12th, 2023

Evidence of meeting #80 for Industry, Science and Technology in the 44th Parliament, 1st Session. (The original version is on Parliament’s site, as are the minutes.) The winning word was information.

A recording is available from Parliament.

On the agenda

Bill C-42

MPs speaking

Also speaking

Annette Ryan Deputy Director, Partnership, Policy and Analysis, Financial Transactions and Reports Analysis Centre of Canada

Justin Brown Senior Director, Financial Crimes Policy, Governance and Transparency, Department of Finance

Sasha Caldera Campaign Manager, Beneficial Ownership Transparency, Publish What You Pay Canada

Denis Beaudoin Director, Financial Crime, Royal Canadian Mounted Police

James Cohen Executive Director, Transparency International Canada

Mark Schaan Senior Assistant Deputy Minister, Strategy and Innovation Policy Sector, Department of Industry

Martin Simard Senior Director, Strategy and Innovation Policy Sector, Department of Industry

7:30 p.m.

Liberal

The Chair Liberal Joël Lightbound

Thank you very much, Mr. Schaan.

Mr. Vis, the floor is yours.

7:30 p.m.

Conservative

Brad Vis Conservative Mission—Matsqui—Fraser Canyon, BC

I just think that, with respect to interoperability, if our goal is to have all businesses in Canada.... This is the goal of the minister. If our goal is to have all businesses in Canada under one working beneficial ownership registry by reaching agreements with the provinces and territories, it only makes sense under law that everyone would be subject to the same penalties and fines. There should not be a set of penalties and fines for the provinces and a set for federally regulated businesses. It is in line with the objectives of everyone at this committee to see a motion like this pass by applying Criminal Code provisions accordingly.

7:30 p.m.

Liberal

The Chair Liberal Joël Lightbound

If there are no more comments on the amendment CPC-73, I would call the vote.

(Amendment negatived: nays 7; yeas 4)

(Clause 15 agreed to)

Thank you very much.

(Clauses 16 to 21 inclusive agreed to)

Shall the title carry?

7:30 p.m.

Some hon. members

Agreed.

7:30 p.m.

Liberal

The Chair Liberal Joël Lightbound

Shall the bill, as amended, carry?

7:30 p.m.

Some hon. members

Agreed.

7:30 p.m.

Liberal

The Chair Liberal Joël Lightbound

Shall the chair report the bill as amended to the House?

7:30 p.m.

Some hon. members

Agreed.

7:30 p.m.

Liberal

The Chair Liberal Joël Lightbound

Shall the Committee order a reprint of the Bill, as amended, for the use of the House at report stage?

7:30 p.m.

Some hon. members

Agreed.

7:30 p.m.

Liberal

The Chair Liberal Joël Lightbound

Wonderful. I would like to congratulate Committee members for this fine effort. Thank you.

I recognize Mr. Masse.

7:35 p.m.

NDP

Brian Masse NDP Windsor West, ON

Thank you, Mr. Chair.

I actually want to congratulate you for your first piece of legislation that is going to the chamber.

Thanks to all the officials and witnesses who participated in this journey.

7:35 p.m.

Liberal

The Chair Liberal Joël Lightbound

Thank you, Mr. Masse.

I echo your comments. Thank you to Mr. Schaan, Mr. Simard, the legislative clerks, our clerk, the interpreters and also the members of this committee. We've had a very collegial committee from the start.

I think this is a piece of legislation we all agreed with on principle. I'm glad to see it move forward. I want to thank you for your collaboration.

7:35 p.m.

Conservative

Rick Perkins Conservative South Shore—St. Margarets, NS

I'd like to thank the chair as well. I'd also like to thank Mr. Fillmore for the work he did on the weekend.

7:35 p.m.

Liberal

The Chair Liberal Joël Lightbound

Yes, thank you very much, Mr. Fillmore.

Thanks to all.