Mr. Speaker, it is with mixed emotions, both honour and some regret, that I present today, in both official languages, two reports, the first being the 11th report of the Standing Committee on Finance in relation to Bill C-253, An Act to amend the Income Tax Act (deductibility of RESP contributions).
This report was made necessary by the need to delay the consideration of Bill C-253 and we are asking for an extension to do so because of all the urgent business, such as income trust discussions, that has been before the finance committee over the last number of weeks.
Mr. Speaker, I have the honour to present, in both official languages, the 12th report of the Standing Committee on Finance, relating to Bill C-305.
The report deals with the exemption from taxation, 50% of United States social security payments to Canadians residents. Again, this report was made necessary because of the ongoing incredible workload of the finance committee and the need for us to have an extension to deal with this until a later date.