Update on Bill C-9 Changes to the "Financial Services" Defition
On Thursday, May 13, 2010, the House of Commons Finance Committee agreed to report Bill C-9 to the House of Commons without amendment, and the Bill was presented, as such, to the House of Commons on the following day, Friday, May 14, 2010.
At the request of the opposition members of the Finance Committee, the Committee took a separate vote on, inter alia, clause 55 (which contains the GST amendments at issue ). All of the Conservative members of the Committee present (5) voted in favour of clause 55 without amendment, and all of the opposition members who voted (5) voted against that clause. The chair (Conservative) cast the deciding affirmative vote. One Liberal member, who was recorded as present for the meeting, apparently did not vote.
After Bill C-9 passes third reading in the house of Commons, Bill C-9 will head to the Senate. Stay tuned ....
Cyndee Todgham Cherniak is counsel to and in affiliation with the International Trade Law and the Tax Law (Commodity Tax
