SoVote

Decentralized Democracy

Member of Parliament

Bernard Généreux

  • Member of Parliament
  • Member of Parliament
  • Conservative
  • Montmagny—L'Islet—Kamouraska—Rivière-du-Loup
  • Quebec
  • Voting Attendance: 68%
  • Expenses Last Quarter: $143,434.52

  • Government Page
Context: House Hansard - 216 - Jun/19/23
Mr. Bernard Généreux
  • Jun/19/23 8:32:27 p.m.
  • Watch
Mr. Speaker, I thank the member for his excellent question. To move society forward, we must move bills forward, be it at the federal or provincial level. I realize that the registries are all harmonized at 25%. We are fully aware of that, but, in moving amendments like the one meant to lower the ownership threshold to 10%, we have made people think, not only in the House, but also at the provincial level. In doing so, we could perhaps improve the registries to ensure that all the information could be collected more effectively, both at the provincial and federal levels, so as to eliminate, once and for all, money laundering, tax evasion, and related crimes. The tighter the measures across Canada, the greater the chance of limiting the damage. I am an entrepreneur and I regularly consult the Quebec registry. I will be consulting it again soon, because my daughter will be taking over for my associate in my company. I will be required to have a notary make the change at the IGIF, the institute that records all the information in a registry. We will record my company's new shareholder, my daughter. Actually, it will just be my daughter and me. That is very important. We each hold 50% of the companies' shares, but there could have been several shareholders, and the threshold could have been 10% instead of 25%. In our case, it does not matter, because we are not fraudsters. I remember that my colleague said that there are companies that own multiple companies. It becomes a sort of puzzle. It would have been more obvious to have a 10% threshold rather than a 25% threshold.
281 words
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