FINA Committee Meeting
Notices of Meeting include information about the subject matter to be examined by the committee and date, time and place of the meeting, as well as a list of any witnesses scheduled to appear. The Evidence is the edited and revised transcript of what is said before a committee. The Minutes of Proceedings are the official record of the business conducted by the committee at a sitting.
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Minutes of Proceedings
Lindsay Gwyer, Peter Repetto and Gervais Coulombe made statements and, with the other witnesses, answered questions.
Adam Chambers gave notice of the following motion:
That the committee call as witnesses for C-69 the Deputy Minister of Finance and Deputy Minister of the Treasury Board for one hour appearing together.
That these witnesses must appear prior to beginning clause by clause.
Questioning of the witnesses resumed.
Ryan Turnbull moved, — As relates to the committee’s future business, it be agreed that:
i. The committee dedicate its meeting on Thursday May 9, 2024, to hearing from the Deputy Prime Minister and Minister of Finance, and officials, on the subject matter study of Bill C-69;
ii. The committee dedicate its regular meetings on Thursday, May 9, Tuesday, May 21, and Thursday, May 23, 2024, to consideration of the subject matter study of Bill C-69, barring referral of the bill to committee; and that all evidence gathered as part of the pre-study be considered as evidence in the committee’s full study of the bill, once referred to committee;
iii. That any amendments to the bill be submitted no later than 5:00 p.m. EST on Thursday, May 23, 2024;
iv. Clause-by-clause consideration of the bill start no later than 11:59 a.m. EST on Monday, May 27, 2024, and that the Chair be empowered to set up extended hours and request additional House resources on that day; if the committee has not completed clause-by-clause consideration of the Bill by 11:00 a.m. on Tuesday, May 28, 2024, all remaining amendments submitted to the committee shall be deemed moved, the Chair shall put the question, forthwith and successively, without further debate on all remaining clauses and proposed amendments, as well as each and every question necessary to dispose of clause-by-clause consideration of the Bill, as well as all questions necessary to report the Bill to the House and to order the Chair to report the Bill to the House as soon as possible;
v. Following the completion of the study of Bill C-69, the committee dedicate no less than two meetings on its study on the Financialization of Housing, followed by no less than two meetings to consider the draft report on the Current State of Play on Green Finance, Green Investment, Transition Finance and Transparency, Standards And Taxonomy;
vi. The committee dedicate its regular meetings on the week of June 17, 2024, on the committee's study on Inflation in the current Canadian Economy.
Debate arose thereon.
At 12:17 p.m., the sitting was suspended.
At 12:18 p.m., the sitting resumed.
At 12:18 p.m., the sitting was suspended.
At 12:18 p.m., the sitting resumed.
Philip Lawrence moved, — That the debate be now adjourned.
The question was put on the motion and it was negatived on the following recorded division:
YEAS: Adam Chambers, Jasraj Singh Hallan, Philip Lawrence, Marty Morantz, Gabriel Ste-Marie — 5;
NAYS: Yvan Baker, Don Davies, Julie Dzerowicz, Joanne Thompson, Ryan Turnbull, Patrick Weiler — 6.
The debate continued on the motion of Ryan Turnbull.
Don Davies moved, — That the committee meetings on Tuesday, May 21 and Thursday, May 23, be increased to 6 hours each.
Debate arose thereon.
At 1:09 p.m., the sitting was suspended.
At 1:23 p.m., the sitting resumed.
The debate continued on the amendment of Don Davies.
The question was put on the amendment of Don Davies and it was agreed to on the following recorded division:
YEAS: Dan Albas, Yvan Baker, George Chahal, Adam Chambers, Don Davies, Jasraj Singh Hallan, Philip Lawrence, Marty Morantz, Gabriel Ste-Marie, Joanne Thompson, Patrick Weiler — 11;
NAYS: — 0.
The debate continued on the motion, as amended.
Jasraj Singh Hallan moved, — That the motion be amended by replacing the words “ ii. the committee dedicate its regular meeting on Thursday, May 9, 2024” with the words “ii. the committee dedicate its regular meeting on Thursday, May 9, Tuesday, May 28 and Thursday, May 30,”; replacing the paragraphs iii., iv., and v. by the following : “iii. that any amendments to the bill be submitted no later than 5:00 p.m. EST on Thursday, May 30th, 2024; clause-by-clause consideration of the bill start no later than 11:59 a.m. EST on Monday, June 3, 2024, and that the Chair be empowered to set up extended hours and request additional House resources on that day; following the completion of the study of Bill C‑69, the committee dedicate four meetings on it’s study of proceeds of crime and money laundering”.
Debate arose thereon.
At 1:48 p.m., the sitting was suspended.
At 4:00 p.m., the sitting resumed.
The debate continued on the amendment of Jasraj Singh Hallan.
Marty Morantz moved, — That the motion be amended by adding, in paragraph ii., after the words “Study of Bill C-69” the following : “the week of the May, 28 one meeting be dedicated to hearing from the Minister for two hours and one meeting be dedicated to hear from Mark Carney for three hours and that clause by clause not begin until the aforementioned witnesses appear for the requested times”.
Debate arose thereon.
Gabriel Ste-Marie moved, — That the committee do now adjourn.
The question was put on the motion and it was negatived on the following recorded division:
YEAS: Laila Goodridge, Jasraj Singh Hallan, Damien C. Kurek, Marty Morantz, Gabriel Ste-Marie — 5;
NAYS: Yvan Baker, Don Davies, Julie Dzerowicz, Irek Kusmierczyk, Joanne Thompson, Patrick Weiler — 6.
The debate continued on the sub-amendment of Marty Morantz.
At 5:42 p.m., the sitting was suspended.
At 11:03 a.m., on Thursday, May 9, 2024, the sitting resumed.
The committee resumed consideration of the motion, as amended, of Ryan Turnbull moved on Tuesday, May 7, 2024 which read as follows:
As relates to the committee’s future business, it be agreed that:
i. The committee dedicate its meeting on Thursday May 9, 2024, to hearing from the Deputy Prime Minister and Minister of Finance, and officials, on the subject matter study of Bill C-69;
ii. The committee dedicate its regular meeting on Thursday, May 9 and the committee meet for six hours on Tuesday, May 21, and Thursday, May 23, 2024, to consideration of the subject matter study of Bill C-69, barring referral of the bill to committee; and that all evidence gathered as part of the pre-study be considered as evidence in the committee’s full study of the bill, once referred to committee;
iii. That any amendments to the bill be submitted no later than 5:00 p.m. EST on Thursday, May 23, 2024;
iv. Clause-by-clause consideration of the bill start no later than 12:00 p.m. EST on Monday, May 27, 2024, and that the Chair be empowered to set up extended hours and request additional House resources on that day; if the committee has not completed clause-by-clause consideration of the Bill by 11:00 a.m. on Tuesday, May 28, 2024, all remaining amendments submitted to the committee shall be deemed moved, the Chair shall put the question, forthwith and successively, without further debate on all remaining clauses and proposed amendments, as well as each and every question necessary to dispose of clause-by-clause consideration of the bill, as well as all questions necessary to report the Bill to the House and to order the Chair to report the Bill to the House as soon as possible;
v. Following the completion of the study of Bill C-69, the committee dedicate no less than two meetings on its study on the Financialization of Housing, followed by no less than two meetings to consider the draft report on the Current State of Play on Green Finance, Green Investment, Transition Finance and Transparency, Standards And Taxonomy;
vi. The committee dedicate its regular meetings on the week of June 17, 2024, on the committee's study on Inflation in the current Canadian Economy.
and of the amendment of Jasraj Singh Hallan moved on Tuesday, May 7, 2024, which read as follows:
That the motion be amended by replacing the words “ ii. the committee dedicate its regular meeting on May 9,” with the words “ii. the committee dedicate its regular meeting on May 9, 28 and 30,”; replacing the paragraph iii., iv., and v. by the following : “iii. that any amendments to the bill be submitted no later than 5:00 p.m. EST on Thursday, May 30th, 2024; clause-by-clause consideration of the bill start no later than 11:59 a.m. EST on June 3, 2024, and that the Chair be empowered to set up extended hours and request additional House resources on that day; following the completion of the study of Bill C‑69, the committee dedicate 4 meetings on it’s study of proceeds of crime and money laundering”
and of the subamendment of Marty Morantz moved on Tuesday, May 7, 2024 which read as follows:
That the motion be amended by adding, in paragraph ii., after the words “Study of Bill C-69” the following: “the week of the 28th one meeting be dedicated to hearing from the Minister for two hours and one meeting be dedicated to hear from Mark Carney for three hours and that clause by clause not begin until the aforementioned witnesses appear for the requested times”.
By unanimous consent, on motion of Ryan Turnbull, it was agreed, — That the debate on the sub-amendment of Marty Morantz be now adjourned and resume after the appearance of the Deputy Prime Minister and Minister of Finance.
At 11:47 a.m., the sitting was suspended.
At 11:59 a.m., the sitting resumed.
The Minister made a statement and, with Miodrag Jovanovic, answered questions.
At 1:02 p.m., the sitting was suspended.
At 2:08 p.m., on Friday, May 17, 2024, the sitting resumed.
At 2:08 p.m., Jasraj Singh Hallan took the Chair.
RULING BY THE CHAIR
The chair ruled that the committee proceed with the subject of the 106(4) request.
Whereupon, Ryan Turnbull appealed the decision of the Chair.
The question: "Shall the decision of the Chair be sustained?" was put and the decision was overturned on the following recorded division:
YEAS: Adam Chambers, Philip Lawrence, Marty Morantz, Gabriel Ste-Marie — 4;
NAYS: Julie Dzerowicz, Arielle Kayabaga, Joanne Thompson, Ryan Turnbull, Patrick Weiler — 5.
The committee resumed consideration of the motion, as amended, of Ryan Turnbull moved on Tuesday, May 7, 2024, which read as follows:
As relates to the committee’s future business, it be agreed that:
i. The committee dedicate its meeting on Thursday May 9, 2024, to hearing from the Deputy Prime Minister and Minister of Finance, and officials, on the subject matter study of Bill C-69;
ii. The committee dedicate its regular meeting on Thursday, May 9 and the committee meet for six hours on Tuesday, May 21, and Thursday, May 23, 2024, to consideration of the subject matter study of Bill C-69, barring referral of the bill to committee; and that all evidence gathered as part of the pre-study be considered as evidence in the committee’s full study of the bill, once referred to committee;
iii. That any amendments to the bill be submitted no later than 5:00 p.m. EST on Thursday, May 23, 2024;
iv. Clause-by-clause consideration of the bill start no later than 11:59 a.m. EST on Monday, May 27, 2024, and that the Chair be empowered to set up extended hours and request additional House resources on that day; if the committee has not completed clause-by-clause consideration of the Bill by 11:00 a.m. on Tuesday, May 28, 2024, all remaining amendments submitted to the committee shall be deemed moved, the Chair shall put the question, forthwith and successively, without further debate on all remaining clauses and proposed amendments, as well as each and every question necessary to dispose of clause-by-clause consideration of the bill, as well as all questions necessary to report the Bill to the House and to order the Chair to report the bill to the House as soon as possible;
v. Following the completion of the study of Bill C-69, the committee dedicate no less than two meetings on its study on the Financialization of Housing, followed by no less than two meetings to consider the draft report on the Current State of Play on Green Finance, Green Investment, Transition Finance and Transparency, Standards And Taxonomy;
and of the amendment of Jasraj Singh Hallan moved on Tuesday, May 7, 2024 which read as follows:
That the motion be amended by replacing the words “ ii. the committee dedicate its regular meeting on May 9,” with the words “ii. the committee dedicate its regular meeting on May 9, 28 and 30,”; replacing the paragraph iii., iv., and v. by the following : “iii. that any amendments to the bill be submitted no later than 5:00 p.m. EST on Thursday, May 30, 2024; clause-by-clause consideration of the bill start no later than 11:59 a.m. EST on June 3, 2024, and that the Chair be empowered to set up extended hours and request additional House resources on that day; following the completion of the study of Bill C-69, the committee dedicate 4 meetings on it’s study of proceeds of crime and money laundering”
and of the subamendment of Marty Morantz moved on Tuesday, May 7, 2024 which read as follows:
That the motion be amended by adding, in paragraph ii., after the words “Study of Bill C-69” the following : “the week of the 28th one meeting be dedicated to hearing from the Minister for two hours and one meeting be dedicated to hear from Mark Carney for three hours and that clause by clause not begin until the aforementioned witnesses appear for the requested times”
Philip Lawrence moved, — That the debate be now adjourned and the committee proceed to the debate on the subject of the 106(4) request.
The question was put on the motion and it was negatived on the following recorded division:
YEAS: Adam Chambers, Philip Lawrence, Marty Morantz, Gabriel Ste-Marie — 4;
NAYS: Don Davies, Julie Dzerowicz, Arielle Kayabaga, Sonia Sidhu, Joanne Thompson, Ryan Turnbull — 6.
The debate continued on the sub-amendment of Marty Morantz.
Marty Morantz moved, — That the debate be now adjourned and the committee proceed to the debate on the subject of the 106(4).
RULING BY THE CHAIR
The Chair ruled that the motion was a dilatory motion, with a condition, and was such was a debatable motion.
At 2:28 p.m., the sitting was suspended.
At 2:34 p.m., the sitting resumed.
Whereupon, Ryan Turnbull appealed the decision of the Chair.
The question: "Shall the decision of the Chair be sustained?" was put and the decision was overturned on the following recorded division:
YEAS: Adam Chambers, Philip Lawrence, Marty Morantz, Gabriel Ste-Marie — 4;
NAYS: Don Davies, Julie Dzerowicz, Arielle Kayabaga, Sonia Sidhu, Joanne Thompson, Ryan Turnbull — 6.
At 2:39 p.m., the sitting was suspended.
At 2:40 p.m., the sitting resumed.
The question was put on the motion and it was negatived on the following recorded division:
YEAS: Adam Chambers, Philip Lawrence, Marty Morantz, Gabriel Ste-Marie — 4;
NAYS: Don Davies, Sherry Romanado, Francis Scarpaleggia, Sonia Sidhu, Joanne Thompson, Ryan Turnbull — 6.
The debate continued on the subamendment of Marty Morantz.
Adam Chambers moved, — That the debate be now adjourned.
The question was put on the motion and it was negatived on the following recorded division:
YEAS: Adam Chambers, Philip Lawrence, Marty Morantz, Gabriel Ste-Marie — 4;
NAYS: Pam Damoff, Don Davies, Sherry Romanado, Francis Scarpaleggia, Joanne Thompson, Ryan Turnbull — 6.
The debate continued on the subamendment of Marty Morantz.
At 4:39 p.m., the sitting was suspended.
At 11:02 a.m., Tuesday, May 21, 2024, the sitting resumed.
The committee resumed consideration of the motion, as amended, of Ryan Turnbull moved on Tuesday, May 7, 2024, which read as follows:
As relates to the committee’s future business, it be agreed that:
i. The committee dedicate its meeting on Thursday May 9, 2024, to hearing from the Deputy Prime Minister and Minister of Finance, and officials, on the subject matter study of Bill C-69;
ii. The committee dedicate its regular meeting on Thursday, May 9 and the committee meet for six hours on Tuesday, May 21, and Thursday, May 23, 2024, to consideration of the subject matter study of Bill C‑69, barring referral of the bill to committee; and that all evidence gathered as part of the pre-study be considered as evidence in the committee’s full study of the bill, once referred to committee;
iii. That any amendments to the bill be submitted no later than 5:00 p.m. EST on Thursday, May 23, 2024;
iv. Clause-by-clause consideration of the bill start no later than 11:59 a.m. EST on Monday, May 27, 2024, and that the Chair be empowered to set up extended hours and request additional House resources on that day; if the committee has not completed clause-by-clause consideration of the Bill by 11:00 a.m. on Tuesday, May 28, 2024, all remaining amendments submitted to the committee shall be deemed moved, the Chair shall put the question, forthwith and successively, without further debate on all remaining clauses and proposed amendments, as well as each and every question necessary to dispose of clause-by-clause consideration of the bill, as well as all questions necessary to report the bill to the House and to order the Chair to report the bill to the House as soon as possible;
v. Following the completion of the study of Bill C-69, the committee dedicate no less than two meetings on its study on the Financialization of Housing, followed by no less than two meetings to consider the draft report on the Current State of Play on Green Finance, Green Investment, Transition Finance and Transparency, Standards And Taxonomy;
vi. The committee dedicate its regular meetings on the week of June 17, 2024, on the committee's study on Inflation in the current Canadian Economy.
and of the amendment of Jasraj Singh Hallan moved on Tuesday, May 7, 2024 which read as follows:
That the motion be amended by replacing the words “ ii. the committee dedicate its regular meeting on May 9,” with the words “ii. the committee dedicate its regular meeting on May 9, 28 and 30,”; replacing the paragraph iii., iv., and v. by the following : “iii. that any amendments to the bill be submitted no later than 5:00 p.m. EST on Thursday, May 30, 2024; clause-by-clause consideration of the bill start no later than 11:59 a.m. EST on June 3, 2024, and that the Chair be empowered to set up extended hours and request additional House resources on that day; following the completion of the study of Bill C 69, the committee dedicate 4 meetings on it’s study of proceeds of crime and money laundering”
and of the subamendment of Marty Morantz moved on Tuesday, May 7, 2024, which read as follows:
That the motion be amended by adding, in paragraph ii., after the words “Study of Bill C-69” the following: “the week of the 28th one meeting be dedicated to hearing from the Minister for two hours and one meeting be dedicated to hear from Mark Carney for three hours and that clause by clause not begin until the aforementioned witnesses appear for the requested times”.
At 12:06 p.m., pursuant to Standing Order 115(5), the sitting was suspended.
At 12:56 p.m., the sitting resumed.
The debate continued on the motion of Ryan Turnbull, the amendment of Jasraj Singh Hallan and the subamendment of Marty Morantz.
At 3:47 p.m., pursuant to Standing Order 115(5), the sitting was suspended.
At 4:52, the sitting resumed.
The debate continued on the motion of Ryan Turnbull, the amendment of Jasraj Singh Hallan and the subamendment of Marty Morantz.
At 6:07 p.m., the sitting was suspended.
At 6:37 p.m., the sitting resumed.
The debate continued on the motion of Ryan Turnbull, the amendment of Jasraj Singh Hallan and the subamendment of Marty Morantz.
At 7:09 p.m., the sitting was suspended.
At 7:09 p.m., the sitting resumed.
At 7:10 p.m., the sitting was suspended.
At 7:10 p.m., the sitting resumed.
At 7:11 p.m., the sitting was suspended.
At 7:11 p.m., the sitting resumed.
At 7:34 p.m., the sitting was suspended.
At 7:38 p.m., the sitting resumed.
At 8:29 p.m., the sitting was suspended.
At 8:30 p.m., the sitting resumed.
Philip Lawrence moved, — That the committee do now adjourn.
The question was put on the motion and it was agreed to on the following recorded division:
YEAS: Adam Chambers, Garnett Genuis, Philip Lawrence, Marty Morantz, Gabriel Ste-Marie — 5;
NAYS: Yvan Baker, Julie Dzerowicz, Joanne Thompson, Ryan Turnbull — 4.
At 8:48 p.m., the committee adjourned to the call of the Chair.