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House Hansard - 177

44th Parl. 1st Sess.
March 31, 2023 10:00AM
Context: House Hansard - 177 - Mar/31/23
Mr. Brad Vis
  • Mar/31/23 10:44:35 a.m.
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Madam Speaker, the objective of the Conservative Party on this legislation is to have a robust debate, in good faith, at second reading. There are a lot of experts in every party who have information on corporate trusts and how corporations are structured in Canada, and I think every party has something to contribute on that. We want to move quickly on this bill, but we also want to have a robust debate. Our objective is to get the bill to committee where we can have a robust study. I could perhaps share more with the minister, and maybe our House leaders can determine what the priority of the House of Commons is with respect to seeing this bill pass.
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Context: House Hansard - 177 - Mar/31/23
Mr. Brad Vis
  • Mar/31/23 10:50:27 a.m.
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Madam Speaker, I appreciate that very important question from my colleague from Winnipeg. One of the big gaps in this legislation is in clarifying the relationship between significant interests and the role trusts play in corporate structures at all levels of corporate registries in Canada right now and the impact that would have on the interoperability and the overall effectiveness of a corporate registry as we move forward. The member also pointed out the significance of this registry in the context of those provincial bodies. We need to make sure that there is interoperability, of course, to ensure its effectiveness in completing its stated goals.
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