Christophe Cinqmars-Viau

Supporting legislative changes to allow the electronic delivery of governance documents in the financial sector as proposed in the 2024 federal budget. Veterans Benefits including programs and policies that provide financial and other assistance to current and former members of the Canadian Armed Forces. The Pension Benefits Act and the Tax Act including annuities. The Income Tax Act and Budget 2023 proposal to change the tax treatment on Canadian dividends received by Canadian insurance companies. Standards for banking and health data (open banking, health information). Privacy, Human Rights and Insurance including the Privacy Act, Human Rights Act and the Canada Labour Code. Policies and programs related to Canada trade relations with other countries. Office of the Superintendent of Financial Institutions Guidelines on Insurance and Banking. Insurance Companies Act and regulations. Healthcare policy, specifically in relating to, employee benefits programs, including long-term disability and drug benefit plans. Global Minimum Tax Act to promote international coordination and harmonization on the timing and operation. Ensuring the passage of Bill C-27 - the Consumer Privacy Protection Act as drafted by the government. Canada’s system and programs for detecting and deterring money laundering. Access to Hong Kong Pensions for permanent residents of Canada

Discussions relating to the legislative, regulatory, and policy developments related to digital currencies and cryptoassets Providing input on the prudential regulation of the banking sector Providing input on amendments to the Bank Act Providing input on federal budget measures that may impact the banking sector Discussions on supporting women’s advancement, career opportunities, and equitable outcomes in the financial services sector Discussing the Accessible Canada Act with the purpose of identifying, removing and preventing barriers for people with disabilities Discussions on strategies to mitigate tariff risks and navigate the review of the Canada-United States-Mexico Agreement Providing input on effective Artificial Intelligence regulation to balance risks and foster innovation Providing input on the regulatory framework to facilitate the process to become a federal credit union and support their operations Discussing plans on the Data Collection Modernization initiative Providing views on the Macroeconomic Stress Test (MST) 2.0 review Discussing Bill C-27 – Digital Charter Implementation Act, 2022, relating to the privacy and artificial intelligence provisions Discussions relating to the efficiency and effectiveness of the financial sector regulatory system Discussions on consumer issues relating to potential postal strike ensuring an appropriate scope of guidance Providing inputs on criminal interest rate as it relates to the calculation of the rate and exclusions Office of the Superintendent of Financial Institutions guidelines with respect to capital adequacy requirements, prudential limits and restrictions, accounting and disclosure, and sound business and financial practices Providing inputs on OSFI regulations and draft guidelines including in connection with culture, integrity and security, third-party risk, and operational risk Providing input on the development of the Consumer-Driven Banking Framework Providing inputs on Basel III Implementation with respect to capital floor phase-in and risk weights Providing inputs on Competition Act amendments Personal Information Protection and Electronic Documents Act (PIPEDA): seeking workable, practical approaches in the reform of PIPEDA Excise Tax Act with respect to Goods and Services Tax (GST) and Harmonized Sales Tax (HST) Support the development of an innovative, efficient, and secure payments ecosystem in Canada that benefits consumers Support the goals outlined in the National Cyber Security Strategy and collaborate with government, including the Canadian Centre for Cyber Security, to strengthen Canada’s cyber resiliency The Access to Basic Banking Services: seeking to clarify appropriate identification for opening accounts and to make account opening procedures more workable U.S. Mexico Canada Agreement (USMCA), trade agreements with other jurisdictions, World Trade Organization rules regarding cross-border trade in financial services Support the Government initiative of modernizing the Employment Equity Act and provide input to further strengthen the Act. Discussion relating to agricultural financing, including the efficient administration of the Advance Payments Program and the Canada Loan Administration Act Discussions relating to the development of Financial Consumer Protection Framework and voluntary commitments to promote protection for consumers Capital markets statutory, regulatory and self-regulatory organization regime applicable to banks as corporate issuers and their provincially regulated subsidiaries that are capital markets participants Discussion relating to housing finance framework, including reforms to expand housing supply, mortgage underwriting regulations and covered bonds Providing inputs on climate standards and disclosures Corporate governance statutory and regulatory regime for banks Canada Labour Code with respect to (i) impact on bank management of human resources, (ii) review of Part III of the Canada Labour Code, (iii) flexible work

2023 Federal Budget proposals related to Dividend Received Deduction by Financial Institutions

The Consumer Driven Banking Act and related regulations as it applies to banks The federal government’s framework for stablecoins and digital assets Canada Deposit Insurance Corporation Act as it relates to banks and the administration of the deposit insurance framework Federal government programs and policies related to Artificial Intelligence regulation Housing finance framework, including reforms to expand housing supply, mortgage underwriting regulations and covered bonds Financial institutions with respect to Canada/US relationship and trade policy Office of the Superintendent of Financial Institutions guidelines with respect to capital, liquidity, and non-financial risk The Canadian Payments Act, as it relates to management of Canada’s payment system and payments modernization The modernization of the supervisory framework for financial institutions as it relates to the responsibility for administering prudential and consumer measures Requirements for financial institutions as they relate to corporate governance rules under the Bank Act Promotion of the importance of a competitive financial sector in achieving improved economic development in Canadian regions Providing inputs with respect to capital requirements as they relate to Basel III and lending for businesses Official languages policy as it relates to financial services. Federal government programs and policies supporting growth for small businesses Federal government programs and policies respecting financing for infrastructure projects Federal government programs and policies on employment and training as they pertain to financial institutions Federal government programs and policies respecting consumers as they pertain to relationships with financial institutions Federal government programs respecting financing for the agriculture industry Federal government programs respecting financial services for Indigenous communities The Bank Act and the National Housing Act as they relate to potential measures affecting housing affordability and lending Promotion of resources to support mental health and well-being of Canadians Promotion of financial services available to finance Canadian infrastructure development; sharing of international best practices with respect to infrastructure policy, particularly in terms of options for project financing arrangements Privacy legislation and acts with respect to the banking industry’s collection, use and protection of personal information Office of Superintendent of Financial Institutions Guidelines regarding accounting rules regulating financial institutions Income Tax Act with respect to corporate income tax, capital tax, international taxation, personal taxation, and registered saving products Impact of federal national security policy as it relates to the banking sector Financial services policy with respect to study of retirement income security Federal government programs and policies to combat financial crimes Federal government programs and policies related to sustainability, natural resources and climate change in support of achieving net zero targets Federal government position with regard to ongoing discussions on international financial regulation reform, as it pertains to Canadian banks Federal government policies affecting Canada’s payment systems as well as access to financial data Bank Act with respect to its impact on financial sector

Tax treatment for recreational vehicles being imported into Canada from the United States. Amendments to the Excise Tax Act relating to application of GST/HST on purchase of a recreational vehicle.

Changes to the implementation and application of the Digital Services Tax on rideshare companies and their customers. Sustainable growth and transition to Electric Vehicles. Motor Vehicle Safety Act (MVSA) with respect to the development and testing of automated vehicle technologies. Discussions regarding independent, flexible work opportunities in Canada. Changes to Excise Tax Act, relating to ridesharing.

Details regarding the Digital Services Tax Act Updates to privacy legislation; creation of AI framework. Sustainable growth and transition to Electric Vehicles. Discussions regarding independent, flexible work opportunities in Canada. Compliance with the Cannabis Act

Infrastructure - Expand opportunities for long-term investors to support infrastructure investment, including opportunities to support investment in housing. Pensions & savings plans – Engage with public office holders regarding enhancing retirement and savings security for Canadians through retirement planning, public and registered savings plans, annuities, etc. Prescription drugs - Seeking to raise awareness about prescription drug & workplace benefit coverage. Group benefits & paramedical health care – Engage with public office holders regarding health care programs and policy that may impact group benefit plans. Climate/Environment – Engagements related to the impacts of extreme weather on the health and wellness of Canadians and expanding opportunities to meet our decarbonization commitments. International relations & trade – Engage with public office holders regarding international relations as it relates to Canada’s insurance industry. This includes how best to maximize the benefits of Canada’s trade relations for the industry and broader economy. Insurance and health regulation and legislation - Engage with public office holders regarding Canada’s financial services and health care sectors, in relation to the insurance industry. This may include the industry’s governing legislation and regulations, taxation policy, administration, and related issues, guidelines & rules. Cyber security, data, and privacy – Engage with public office holders on how to ensure the safety and integrity of Canada’s insurance industry’s data and technology systems. This may include engagement on privacy legislation, policy, and technological innovation in the insurance industry.

Work with the Government of Canada on international engagements as it relates to the digital economy and Internet connectivity. Work with government to promote and support Canada's digital economy, specifically in regards to advancing rural broadband. Work with Government of Canada to promote and support Canada's space economy Providing input to discussions or proceedings regarding support for expansion of broadband service to rural areas. Providing industry input to the Government on the Canadian Space Agency regarding the future of the Agency. Provide input to Innovation, Science and Economic Development Canada regarding spectrum and orbital slot allocation procedures, as well as spectrum fees. Engage with the Strategic Innovation Fund regarding communication technologies. Engage with the government of Canada on funding programs aimed at advancing the deployment of rural broadband Engage with the government of Canada on federal funding programs aimed at supporting communication technologies. Engage in discussions with the Government of Canada on the creation of a National Space Council Encourage the Government of Canada to fulfill unique communications, scientific or military requirements through new satellite programs Discussions with the Government of Canada on immigration as it relates to attracting and retaining a highly skilled workforce Changes to the regulatory fees charged by government for spectrum and orbital slots

Financial Services Policy in respect to adhering to banking. Cyber Security Policy as it applies to financial institutions Consumer Issues as it pertains to government changes in policies in relation to financial institutions Privacy Act as it applies to the protection of customer and bank information Personal Information Protection and Electronic Documents Act (PIPEDA) Review in respect to providing input on privacy regulations Income Tax Act as it applies to corporate taxation, investment and international taxation. Housing Policy as it applies to financial institutions Diversity and Inclusion Policy as it applies to financial institutions Data Transfer Policy as it applies to financial institutions Climate Change Strategy in respect to government's plans for a strategy on climate change Canadian Payments Association Act in respect to the five year financial system review Canada Labour Code in respect to employment standards Bank Act in respect to the five year financial system review. Agricultural Support Programs in respect to lending programs

CVCA previously co-administered the Start Up Visa Program's Venture Capital stream in partnership with the IRCC. The program allowed Venture Capital funds in CVCA's membership to apply for designated entity status and recommend entrepreneurs and start ups in their portfolio to apply for Canadian permanent residency. Throughout CVCA's contractual relationship with IRCC, the program led to a select and curated number of entrepreneurs growing businesses in Canada with financial backing. CVCA engaged in ongoing conversations with IRCC and provided regular reports. IRCC terminated all SUV contractual relationships in 2024, however, CVCA remains engaged in proactive conversations with IRCC Program officials who oversee the SUV program and who have relationships with CVCA's designated members. CVCA sees value in this program and maintains communication with IRCC on possible future improvements. The CVCA advocates for policies and a regulatory environment that is conducive to stimulating investment. A competitive tax and investment regime that rewards the risks associated with the private capital asset?class is vital for the growth of private equity and venture capital across economic sectors. CVCA’s efforts ensure Canadian companies can access necessary funding amidst challenges such as tightening credit markets, competition for capital, and economic uncertainties, to drive innovation and economic growth, ultimately fostering a resilient and diversified economy for future generations. CVCA also advocates for sustained and predictable access to capital, championing public-private co-investment initiatives. The Venture Capital Action Plan/Venture Capital Catalyst Initiative is still rolling out, matching private capital allocations to disbursed government dollars. CVCA continues to engage with industry and government to ensure awareness within the VC ecosystem and monitoring the flow of funds, underscoring the importance of Canada's VC Emerging Managers and their important role in allocating capital to riskier and underserved corners of the innovation ecosystem. The CVCA actively advocates for a strong and competitive tax and investment environment that attracts and rewards private investment in Canadian entrepreneurial ventures. We provide valuable insights and data to support effective tax policies. Strategically crafted policies can ensure that Canada remains an attractive destination for private capital, which is necessary to drive economic growth, job creation, and innovation. CVCA engages with policymakers to convey perspectives from the private capital industry, and the current economic context.

Offering input related to the review of financial institutions policy and Bank Act and/or emerging policies related to the financial technology sector to allow for greater innovation and competition Interest in implementing actions to provide Canadians with more control over their financial health, including financial literacy; establishing an open banking system in Canada. Arranging meetings and outreach with Public Office Holders in relation to Questrade’s goal in helping Canadians become more financially secure, contributing to the affordable housing strategy as a champion and providing the most innovative & cost-efficient online financial and other services.