Finance committee  That's correct.

Finance committee  I would just like to point out that the definition of “labour trusts” under Bill C-377 is very broad. It encompasses a lot of entities that, in our view, I'm not sure were intended. For example, we talk about a health and welfare trust; that's one family, but there are types of b

Finance committee  In our view, the best way to amend it is to simply remove it from the definition. Our view is that it will, as I say, engulf a number of entities. As I mentioned in my opening remarks, it's quite possible that some charities may get covered by this because of the ability, say, of

Finance committee  It's my understanding that labour trusts are not subject to this type of reporting in the U.S. Further, it's my understanding that this was debated at some length and that it was deemed not appropriate to subject them to this measure.

Finance committee  Unfortunately, I do not. What I will say is that I practise in the province of Ontario, and about four or five years ago the Ontario government had a commission on pension plans. One of the issues that came out of that was the information collected by the provincial pension regul

Finance committee  I'm fully supportive of transparency. What I'm not fully supportive of, and MEBCO is not fully supportive of, is public disclosure of private information. The concern we have is over the extent of the disclosure required of pension, health and welfare, and other types of benefi

Finance committee  Subjecting only one of these trusts to additional costs and disclosure burdens doesn't seem fair. We understand that Mr. Hiebert suggested that amendments to the bill should be considered for reasons just stated. We believe that all pension and benefit trusts should be exempt f

Finance committee  Thank you, Mr. Chair and honourable members of the committee, for the opportunity to address you today. I'm here representing the Multi-Employer Benefit Plan Council of Canada, a non-profit organization whose mandate is to represent the interests of Canadian multi-employer pens