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
Robert Sample made a statement and, with Matthew Boldt, answered questions.
Jasraj Singh Hallan gave notice of the following motion:
That given interest rates are at the highest levels since the 2008 recession and mortgages have significantly increased since 2015, the Standing Committee on Finance undertake a study on the impact of inflation and interest rates on mortgages in Canada, and that the study includes, but is not limited to, the increase in the number of mortgages hitting their trigger rate and the number of mortgages that have had their amortization period increased beyond 25 years, that the committee include in its witness list the Canadian Mortgage and Housing Corporation, the Office of the Superintendent of Financial Institutions, and representatives from the “Big 6” Canadian banks, that the committee take no less than four meetings for this study, and that the Committee report its findings to the House.
It was agreed, — That the proposed budget in the amount of $ 5,000, for the study of Bill C‑32, An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 3, 2022 and certain provisions of the budget tabled in Parliament on April 7, 2022, be adopted.
It was agreed, — That the proposed budget in the amount of $ 2,200, for the study of Bill C‑241, An Act to amend the Income Tax Act (deduction of travel expenses for tradespersons), be adopted.
It was agreed, — That the proposed budget in the amount of $ 13,500, for the study of Current state of play on green finance, green investment, transition finance and transparency, standards and taxonomy, be adopted.
At 12:06 p.m., the committee adjourned to the call of the Chair.