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

Standing Committee on Finance (FINA)

44th Parliament, 1st Session

Meeting 162

Thursday, October 31, 2024, 3:55 p.m. to 6:02 p.m.

Room 025-B, West Block

Televised

Presiding

Peter Fonseca, Chair (Liberal)

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Members of the Committee present

Liberal

Conservative

Bloc Québécois

Gabriel Ste-Marie

NDP

Don Davies

Acting Members present

• Scot Davidson for Adam Chambers (Conservative)

• Earl Dreeshen for Marty Morantz (Conservative)

• Peter Fragiskatos for Rachel Bendayan (Liberal)

• Leah Taylor Roy for Francesco Sorbara (Liberal)

In attendance

Library of Parliament

• Mehrab Kiarsi, Analyst

• Joëlle Malo, Analyst

Pre-Budget Consultations in Advance of the 2025 Budget

Witnesses

Aerospace Industries Association of Canada

• Mike Mueller, President and Chief Executive Officer

C.D. Howe Institute

• William Robson, President and Chief Executive Officer

CHIN Radio TV International

• Francesco Di Candia, General Manager

Diabetes Canada

• Glenn Thibeault, Executive Director, Government Affairs, Advocacy and Policy

Macdonald-Laurier Institute

• Timothy Sargent, Director, Domestic Policy

Qikiqtani Inuit Association

• Virginia Mearns, Senior Director, Inuit Relations

• Richard Paton, Assistant Executive Director, Marine and Wildlife Conservation

Pursuant to Standing Order 83.1, and the motion adopted by the committee on Thursday, September 26, 2024, the committee resumed its pre-budget consultations in advance of the 2025 Budget.

Mike Mueller, Glenn Thibeault, William Robson, Francesco Di Candia, Timothy Sargent and Virginia Mearns made statements and, with Richard Paton, answered questions.

Committee Business

The committee proceeded to the consideration of matters related to committee business.

Jasraj Singh Hallan gave notice of the following motion:

Given that the Governor of the Bank of Canada refused to answer questions regarding the job killing capital gains tax hike and its impact on the economy, that given it is the mandate of the Bank of Canada “to promote the economic and financial welfare of Canada,” and given that the committee heard that this tax hike will further harm the economy, the committee call the Governor of the Bank of Canada to return to answer questions on the economic impact of the capital gains tax hike and that his testimony be included in the Pre-Budget Consultation Report.