Hon. Percy E. Downe moved third reading of Bill S-243, An Act to amend the Canada Revenue Agency Act (reporting on unpaid income tax), as amended.
He said: I’m on a bit of a roll here. I’m wondering if we can pass it. I won’t push my luck.
Colleagues, I’ll be very brief; the hour is late. I want to thank, obviously, the senators who spoke in the chamber in support of this bill when it was first introduced. I want to thank the Finance Committee, the chair, Senator Mockler, and all the members of that committee who worked so hard hearing from the various witnesses. It’s a very well-respected committee. I had the opportunity to appear before it. There were some fascinating questions and very thoughtful discussion.
There was an amendment proposed by Senator Pratte. I don’t want to put words in his mouth, but the basis was really to question if it was a good expenditure of funds to do every year. He proposed once every three years. I had no problem with that suggestion. This is measuring the tax cap, colleagues, for those senators who are new.
It means there would be one analysis of the tax gap within the term of every government. Once every three years is not a problem. I thank Senator Pratte for that. He has this amazing ability, from his journalistic career, to jump from file to file and do a deep dive in every one and come up with these wonderful suggestions. It’s a skill I wish I had. It takes me a long time to realize the nuances of everything. He has the ability to do that rather quickly. I thank him for that amendment. It was very helpful.
Colleagues, that’s all I have. If there’s an appetite to pass the bill, I would be interested in that. I’m in the hands of the Senate.