Bill C-42

Oral Questions

… S-5, which would amend the Canadian Environmental Protection Act. On Tuesday morning, we will call Bill C-42 regarding the Canada Business Corporations Act and then return to debate on Bill S-5 in the afternoon. On Wednesday and Friday, we will call Bill C-13, an act for substantive equity of Canada's offic…

Government Orders

Mr. Speaker, today I rise to address the chamber on Bill C-42, which would amend the Canada Business Corporation Act, or CBCA, and make consequential changes to other statutes. We are here to discuss this proposed legislation because a lack of beneficial owners…

Government Orders

Madam Speaker, it is a pleasure to rise to speak to Bill C-42 today. I think it is very important for us to recognize that, as time goes by, we have had, very much, a heightened sense of awareness on such an important issue. If I reflect back to a number of yea…

Government Orders

…, as the member for Winnipeg North summarized, we have been having a pretty comprehensive debate on Bill C-42. There have been suggested amendments from each party, with broad unanimity that we need to take further action to combat money laundering in Canada and its impact on the housing market. I was partic…

Government Orders

…dule it for Friday sittings. That is just my opinion. There is an offence and punishment section in Bill C-42. It lists that corporations found guilty of an offence can be liable for a fine not exceeding $5,000. The punishment for individuals can be as high as $200,000. Of course, the whole purpose of this b…

Government Orders

Mr. Speaker, I will be sharing my time with the hon. member for Richmond Hill. I rise to speak to Bill C-42, which would implement a public and searchable beneficial ownership registry of corporations governed under the Canada Business Corporations Act. We have an issue with money ‎laundering and terrorist…

Government Orders

The House resumed from March 31 consideration of the motion that Bill C-42, An Act to amend the Canada Business Corporations Act and to make consequential and related amendments to other Acts, be read the second time and referred to a committee.

Government Orders

Mr. Speaker, obviously the question is not part of Bill C-42 that we are debating. I would like to take this opportunity to solicit the support of the Bloc Québécois to pass this important legislation that we are debating today.

Government Orders

…nformation exchange agreements with Canada remains tax-free. This has to stop. Yes, we will support Bill C-42, but it does not go far enough. A registry is good, but tax fairness is better.

Government Orders

…o speak to a bill that is of crucial importance to the Quebec and Canadian economies, specifically, Bill C-42, an act to amend the Canada Business Corporations Act and to make consequential and related amendments to other acts. Bill C-42 was introduced in the House of Commons to modernize the Canada Business…