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NFFN - Standing Committee

National Finance

 

REPORT OF THE COMMITTEE

Tuesday, November 1, 2011

The Standing Senate Committee on National Finance

has the honour to present its

FOURTH REPORT


Your committee, which was authorized by the Senate on Thursday, October 6, 2011 to examine and report on the potential reasons for price discrepancies in respect of certain goods between Canada and the United States, given the value of the Canadian dollar and the effect of cross border shopping on the Canadian economy, respectfully requests funds for the fiscal year ending on March 31, 2012 and requests, for the purpose of such study, that it be empowered:

 a) to engage the services of such counsel, technical, clerical and other personnel as may be necessary;

b) to travel inside Canada; and

c) to travel outside Canada.

Pursuant  to Chapter 3:06, section 2(1)(c) of the Senate Administrative Rules, the budget submitted to the Standing Committee on Internal Economy, Budgets and Administration and the report thereon of that committee are appended to this report.

Respectfully submitted,

JOSEPH A. DAY
Chair


STANDING SENATE COMMITTEE ON NATIONAL FINANCE

STUDY ON THE POTENTIAL REASONS FOR PRICE DISCREPANCIES IN RESPECT OF CERTAIN GOODS BETWEEN CANADA AND THE UNITED STATES, GIVEN THE VALUE OF THE CANADIAN DOLLAR AND THE EFFECT OF CROSS BORDER SHOPPING ON THE CANADIAN ECONOMY

APPLICATION FOR BUDGET AUTHORIZATION FOR THE FISCAL YEAR ENDING MARCH 31, 2012

Extract from the Journals of the Senate of Thursday, October 6, 2011:

The Honourable Senator Gerstein moved, seconded by the Honourable Senator Martin:

That the Standing Senate Committee on National Finance be authorized to examine and report on the potential reasons for price discrepancies in respect of certain goods between Canada and the United States, given the value of the Canadian dollar and the effect of cross border shopping on the Canadian economy;

That, in conducting such a study, the committee take particular note of differences between Canada and the United States including, but not limited to, market sizes, transportation costs, tariff rates, occupancy costs, labour costs, taxes and fees, regulations, mark-up; and

That the committee submit its final report to the Senate no later than June 30, 2012, and retain all powers necessary to publicize its findings for 180 days after the tabling of the final report.

The question being put on the motion, it was adopted.

Gary W. O’Brien
Clerk of the Senate


APPENDIX (B) TO THE REPORT

THURSDAY, October 27, 2011

The Standing Committee on Internal Economy, Budgets and Administration has examined the budget presented to it by the Standing Senate Committee on National Finance for the proposed expenditures of the said Committee for the fiscal year ending March 31, 2012 for the purpose of its special study on cross border shopping, as authorized by the Senate on Thursday, October 6, 2011. The said budget is as follows:

Professional and Other Services

$ 16,100

Transportation and Communications

$ 32,354

All Other Expenditures

$   1,250

Total

$ 49,704

Respectfully submitted,

DAVID TKACHUK
Chair


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