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Minutes of Proceedings

Standing Committee on Finance (FINA)
44th Parliament, 1st Session
Meeting 130
Thursday, February 29, 2024, 11:00 a.m. to 12:24 p.m.
Webcast
Presiding
Peter Fonseca, Chair (Liberal)

Expand AllCollapse All
• Dan Albas for Adam Chambers (Conservative)
• Chris Bittle for Joanne Thompson (Liberal)
• Brenda Shanahan for Rachel Bendayan (Liberal)
• Eric Melillo (Conservative)
• Rick Perkins (Conservative)
Library of Parliament
• Michaël Lambert-Racine, Analyst
• Joëlle Malo, Analyst
Subject Matter of Bill C-59, An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023
Department of Finance
• Maximilian Baylor, Director General, Business Income Tax Division
• Ingrid Defreitas, Director, International Inbound Investiment, Tax Legislation Division
• Robert Demeter, Director General, Tax Legislation
• Dominic DiFruscio, Director, General Operations and Border Issues
• Jack Glick, Acting Director, Excise Policy
• Nina Gormanns, Director, Environmental Taxation and Policy
• James R. Greene, Senior Executive Advisor, Tax Policy Branch
• Lindsay Gwyer, Director General, Legislation, Tax Legislation Division, Tax Policy Branch
• Pierre Leblanc, Director General, Personal Income Tax Division, Tax Policy Branch
• Warren Light, Expert Advisor, Real Property and Financial Institutions
• Pierre Mercille, Director General, Sales Tax Division, Tax Policy Branch
• Amanda Riddell, Director, Real Property and Financial Institutions, Sales Tax Division, Tax Policy Branch
Pursuant to Standing Order 108(2), the committee commenced its study of subject matter of Bill C-59, An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023.

Lindsay Gwyer made a statement.

At 11:08 a.m., pursuant to Standing Order 115(5), the sitting was suspended.

At 11:51 a.m., the sitting resumed.

James R. Greene and Amanda Riddell made statements and, with the other witnesses, answered questions.

Philip Lawrence gave notice of the following motion:

That the committee not continue any further study of Bill C-59 until the committee has received confirmation of the date of the Minister of Finance’s appearance, for no less that two hours.

Questioning of the witnesses resumed.

At 12:10 p.m., the sitting was suspended.

At 12:11 p.m., the sitting resumed.

Questioning of the witnesses resumed.

Motion

Daniel Blaikie moved, — Given that the Canadian grocery sector made more than $6 billion in profit in 2023 and that millions of Canadians have reported food insecurity in the last year, the Standing Committee on Finance call on the government to immediately take action by implementing an excess profit tax on large grocery companies that would put money back in the people's pocket with a GST rebate and establish a National School Food Program, and that this motion be reported to the House.

At 12:24 p.m., the committee adjourned to the call of the Chair.



Alexandre Roger
Clerk of the committee