Skip to content

Opens in a new window Parliament of Canada

Visit Parliament

Visit

Français

Senators

Senators

Canada’s 105 senators give regions and underrepresented groups a strong voice in Parliament.

Go to Senators

List of Senators

Contact Information

Standings

Parliamentary Diplomacy

The Speaker

Biography

Role of the Speaker

Rulings and Statements

News & Events

Contact

Chamber

Chamber

Read or watch the latest Senate debates and see how senators represent you in Parliament.

Go to Chamber

Order Paper and Notice Paper

Journals of the Senate

Debates of the Senate (Hansard)

Votes

LEGISinfo

Watch & Listen

Calendar

Procedural References

Rules of the Senate

Companion to the Rules of the Senate

Procedural Notes

Speaker's Rulings

Senate Procedure in Practice

Committees

Committees

Senate committees perform in-depth studies of bills and investigate issues that matter to you.

Go to Committees

Business

Schedule of All Meetings

Studies & Bills

Reports

Members of Subcommittees on Agenda and Procedure

Get Involved

For Witnesses

Media Centre

Committee Alerts

eNewsletter

Resources

About Committees

Watch & Listen

LEGISinfo

Procedural References

News

News

Stay up to date with Senate activities and find articles about the Senate’s people, history and procedure.

Go to News

News Releases

Media Advisories

Media Centre

SenCA+

People

News

Opinion

How & Why

About

About

Find procedural references, financial reports and information about the rehabilitation of Parliament Hill.

Go to About

The Senate Explained

Art & Architecture

Artwork & Heritage

Online Collection

Architecture & Rehabilitation

Transparency & Accountability

Financial Reports

Senators' Attendance

Administration & Support

Accessibility

Visit

Virtual tours

Careers

Page Program

Student Employment Program

Resources

Publications

Photo Gallery

Procedural References

Publications

Participate

Participate

Find out how you can visit the Senate, engage with its work and follow Senate proceedings.

Go to Participate

SENgage

Model Senate

Visit

Virtual tours

Watch & Listen

LEGISinfo

Committee Witnesses

Committee Alerts

eNewsletter

Contact Us

Search

NFFN - Standing Committee

National Finance

Menu - NFFN

Home

About

Membership

Meetings

Business

Business

Studies & Bills

Briefs & other documents

Reports

Search transcripts

Witnesses

News

Past Session:

44-1

44 th Parliament, 1 st Session

(November 22, 2021 - January 6, 2025)

Select a different session

45 th Parliament

1 st Session

(May 26, 2025 - Present)

44 th Parliament

1 st Session

(November 22, 2021 - January 6, 2025)

43 rd Parliament

2 nd Session

(September 23, 2020 - August 15, 2021)

1 st Session

(December 5, 2019 - August 18, 2020)

42 nd Parliament

1 st Session

(December 3, 2015 - September 11, 2019)

41 st Parliament

2 nd Session

(October 16, 2013 - August 2, 2015)

1 st Session

(June 2, 2011 - September 13, 2013)

40 th Parliament

3 rd Session

(March 3, 2010 - March 26, 2011)

2 nd Session

(January 26, 2009 - December 30, 2009)

1 st Session

(November 18, 2008 - December 4, 2008)

39 th Parliament

2 nd Session

(October 16, 2007 - September 7, 2008)

1 st Session

(April 3, 2006 - September 14, 2007)

38 th Parliament

1 st Session

(October 4, 2004 - November 28, 2005)

37 th Parliament

3 rd Session

(February 2, 2004 - May 23, 2004)

2 nd Session

(September 30, 2002 - November 12, 2003)

1 st Session

(January 29, 2001 - September 16, 2002)

36 th Parliament

2 nd Session

(October 12, 1999 - October 22, 2000)

1 st Session

(September 22, 1997 - September 18, 1999)

35 th Parliament

2 nd Session

(February 27, 1996 - April 27, 1997)

1 st Session

(January 17, 1994 - February 2, 1996)

Download as PDF

THE STANDING SENATE COMMITTEE ON NATIONAL FINANCE

MINUTES OF PROCEEDINGS

OTTAWA, Tuesday, December 17, 2024

(139) [ English ]

The Standing Senate Committee on National Finance met this day in camera at 9 a.m., in room W110, 1 Wellington St., the chair, the Honourable Claude Carignan P.C., presiding.

Members of the committee present: The Honourable Senators Carignan, P.C., Dalphond, Forest, Kingston, Loffreda, MacAdam, Moreau, Pate, Ross, Smith and Youance (11).

Participating in the meeting: Ferda Simpson, Procedural Clerk, Committees Directorate; Sylvain Fleury and Shaowei Pu, analysts, Library of Parliament; Monica Granados, Communications Officer, Communications, Broadcasting and Publications Directorate.

Pursuant to the order of reference adopted by the Senate on Tuesday, March 19, 2024, the committee continued its examination of the expenditures set out in the Main Estimates for the fiscal year ending March 31, 2025, with the exception of Library of Parliament Vote 1.

Pursuant to rule 12-16(1)(d), the committee discussed in camera a draft report.

It was agreed that that one staff member for each member of the committee, as identified by the members to the clerk, be allowed to attend the in camera portion of this meeting.

It was agreed that the committee allow the transcription of the in camera portion of today's meeting, that one copy be kept with the clerk of the committee for consultation by committee members or staff, and that the transcript be destroyed by the clerk when authorized to do so by the Subcommittee on Agenda and Procedure, but no later than at the end of this parliamentary session.

It was agreed that the draft report, as amended, be adopted, and that the Subcommittee on Agenda and Procedure be empowered to approve the final version of the report, in both official languages, taking into consideration this meeting’s discussions, and with any necessary editorial, grammatical and translation changes required.

It was agreed that the chair be authorized to table the report, in both official languages, in the Senate or with the Clerk of the Senate, at the earliest opportunity.

At 10:07 a.m., the committee suspended.

At 10:12 a.m., the committee resumed in public.

Pursuant to the order of reference adopted by the Senate on Thursday, May 9, 2024, the committee continued its consideration of Bill S-264,

An Act to establish International Tax Justice and Cooperation Day.

It was agreed that the committee proceed to clause-by-clause consideration of Bill S-264.

It was agreed that the title stand postponed.

It was agreed that the

preamble stand postponed.

It was agreed that clause 1, which contains the

short title, stand postponed.

It was agreed that clause 2 carry.

It was agreed that clause 3 carry.

It was agreed that clause 1, which contains the

short title, carry.

The Honourable Senator Dalphond moved that Bill S-264 be amended in the

preamble,

(

a) on page 1,

(

i) by replacing lines 11 and 12 with the following:

“al tax initiatives to ensure that all taxpayers, including enterprises that operate in Canada, pay their fair”,

(ii) by adding the following after line 13:

“Whereas, since 1963, the Organisation for Economic Co-Operation and Development (“OECD”) has produced a model convention to eliminate double taxation and to facilitate tax cooperation;”,

(iii) by replacing lines 14 to 16 with the following:

“Whereas, since 2000, under a G20 mandate, the OECD, by creating the Global Forum on Ex-”,

(iv) by replacing line 18 with the following:

“poses — which has over 170 member jurisdictions — “,

(

v) by adding the following after line 25:

“Whereas, in 2014, the OECD agreed on the Common Reporting Standard under which more than 100 jurisdictions exchange financial account information to tackle tax avoidance and evasion and improve tax compliance;”,

(vi) by replacing lines 32 and 33 with the following:

“global minimum tax on corporate profits and which countries began to implement in 2024;”;

(

b) on page 2, by replacing line 3 with the following:

“ingly important need that should be addressed through international consensus;”.

After debate, the question being put on the motion in amendment, it was adopted.

It was agreed that the

preamble, as amended, carry.

It was agreed that the title carry.

It was agreed that the bill, as amended, carry.

The committee discussed observations.

After debate, it was agreed that the observations prepared by the Honourable Senator Pate be appended to the report.

It was agreed that the Subcommittee on Agenda and Procedure be empowered to approve the final version of the observations being appended to the report, in both official languages, taking into consideration today’s discussion and with any necessary editorial, grammatical or translation changes as required.

It was agreed that the Law Clerk and Parliamentary Counsel be authorized to make necessary technical, grammatical, or other required non-substantive changes as a result of the amendments adopted by the committee, in both official languages, including updating cross-references and renumbering of provisions.

It was agreed that the chair report Bill S-264, with amendments and with observations, to the Senate, in both official languages.

At 10:32 a.m., the committee adjourned to the call of the chair.

ATTEST:

Andrea Mugny

Clerk of the Committee

Back to top