Posted on 26 June 2012
Ottawa (June 26, 2012) - The Standing Senate Committee on National Finance presented its report today on Bill C-38, the Budget Implementation Act.
The subject matter of Bill C-38 was referred to the committee by the Senate on May 14, 2012, for further consideration. The Honourable James M. Flaherty, Minister of Finance was one of the first witnesses to appear before the committee followed by public servants, individuals, experts and stakeholder groups.
“The study of the subject-matter of Bill C-38 in advance of the bill coming to the Senate enabled the committee to consider the bill very expeditiously once we reached clause-by-clause consideration”, stated Senator Joseph A. Day, the chair of the committee.
In total, the Standing Senate Committee on National Finance held 20 meetings, heard from 114 witnesses and met for over 34 hours. Five other Senate Committees studied parts of the Bill and held 23 meetings in total, heard from 90 witnesses and provided their findings to the National Finance Committee.
“After thorough review of Bill C-38, we are content with the numerous changes that will positively impact the country as a result of its implementation”, said Senator Larry Smith, deputy chair of the committee.
The committee completed its study of the bill, and has reported it back to the Senate without amendment.
For a copy of the committee’s report on the bill, please see: http://bit.ly/LzPXMd
Background information on this bill can be found on the Parliament of Canada’s LEGISinfo website here: http://bit.ly/I8ee6z
The committee’s schedule of meetings, mandate, membership, recent reports and minutes of proceedings can be found at: http://senate-senat.ca/nffn-e.asp.
The Senate of Canada is on Twitter: @SenateCA, follow the committee using the hashtag #NFFN.
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