Sandra Cobena

Discussions around defence spending and the Defence Investment Agency as it relates to financial institutions Stablecoin Act in respect to the government's strategy on digital assets Providing input on federal budget measures that may impact the banking sector Income Tax Act as it applies to corporate taxation, personal taxation, registered saving products, investment, and competitiveness. Data and artificial intelligence policy, as it relates to financial institutions. Discussions on how to mitigate tariff risks and ensure the financial sector’s views are properly captured in trade dialogues. Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations, with respect to a number of issues including identification requirements Financial Institutions, with respect to the Canadian regulatory framework. Financial Institutions with respect to the review of the global and Canadian regulatory framework. Financial Institutions, as it relates to consumer protection Legislation and regulation as it relates to data policy and governance issues International Trade, with respect to the Government of Canada's international relations strategy as it relates to the government's diplomatic and trade relations with Latin America and specifically the Pacific Alliance. Financial Institutions with respect to Environment, Social and Governance issues (ESG). Financial Institutions, with respect to small business banking Financial institutions, as it relates to housing Cyber Security policy as it applies to Financial Institutions Agricultural Support Programs in respect to lending programs

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

Encouraging more effective use of TFSAs. Tax fairness and competitiveness with the U.S.

Encouraging more effective use of TFSAs Tax Fairness and Competitiveness with the U.S

Advocate for the continued and potentially expanded use of flow through shares in the resource and/or technology sectors by demonstrating the job creating results and tax fairness inherent in this regime.

Advocate for the continued and potentially expanded use of flow through shares in the resource sector by demonstrating the job creating result and tax fairness inherent in this regime.

Advocate for the continued and potentially expanded use of flow through shares in the resource and/or technology sectors by demonstrating the job creating results and tax fairness inherent in this regime. Advocate for the continued and potentially expanded use of flow through shares in the resource sector by demonstrating the job creating result and tax fairness inherent in this regime.

Housing Finance Programs and Market Infrastructure Federal housing finance programs, procurement policy and Canadian capital markets infrastructure. Participation in the Bank of Canada's Lynx program Support the development of a Canadian Green and Transition taxonomy (or investment guidelines) to help attract capital to domestic businesses, ensuring it reflects the structure of Canada’s economy, including the extractive sector. Climate and sustainability disclosures: ensure that climate and sustainability disclosure mandate proposals are calibrated to the uniqueness of Canada's capital markets and support the competitiveness of Canadian businesses. Discuss policies to support investment in critical minerals and natural resource development, including access to public markets financing and related tax incentives. Discuss federal 2026 pre-budget consultation submission, including priorities related to innovation, critical minerals, and measures to support Canadian productivity and competitiveness. Encourage greater transparency in the over-the-counter markets and discussed policies on the national regulator for securities Encourage a bond allocation incentive program and participation of Bank of Canada in the futures market Discussions and updates of, including support for, international expansion of capital market activities.

Engaging government stakeholders in discussions regarding wildfire risk in Alberta, including the development of a mitigation and response strategy and the use of artificial intelligence for monitoring in collaboration with affected or at-risk communities. Data center integration including grid-connected opportunities to reduce costs of the energy transition. Commenting on potential changes to Migratory Bird Regulations. Promoting measures that facilitate intertie development, including: clarifying the governance of interprovincial electricity transmission; implementing a one permit, one approval framework; encouraging provinces and territories to develop inter-regional transmission infrastructure; creating a national or regional energy strategy to identify potential trade corridors and projects of strategic importance of common interest; and providing financial support to interprovincial transmission projects. Communicating to: learn about Government of Canada initiatives related to climate change and GHG reduction; learn about electricity infrastructure and energy infrastructure; and discuss interties, energy storage and renewable energy generation, including how those tools can help Canada achieve net-zero clean electricity grid by 2050. Open-ended discussions regarding inter-jurisdictional electricity projects and system planning related to the Government of Canada’s Clean Electricity Strategy. Open-ended discussions regarding spectrum management and radio frequency planning. Requesting funding under the Smart Renewables and Electrification Pathways Program to be used towards a high voltage, grid-connected energy storage system, and transmission infrastructure that supports renewable energy development in Alberta. Requesting financial support for transmission infrastructure that supports renewable energy development in Alberta from the Canada Infrastructure Bank. Open-ended discussions regarding the status of the Public Safety Broadband Network. Commenting on the investment tax credit of up to 30% for investments in clean technologies. Commenting on the proposed investment tax credit of up to 15% for investments in clean electricity. AltaLink is engaging government stakeholders regarding participating in the Clean Electricity Regulations consultation process to comment on issues such as performance standards, phase-in, facility operations, and end of life for emitting units. As a transmission facility owner in Alberta, we are looking for CER design that helps to achieve a net-zero grid while maintaining reliability and affordability of the system.

Data center integration including grid-connected opportunities to reduce costs of the energy transition. Commenting on potential changes to Migratory Bird Regulations. Promoting measures that facilitate intertie development, including: clarifying the governance of interprovincial electricity transmission; implementing a one permit, one approval framework; encouraging provinces and territories to develop inter-regional transmission infrastructure; creating a national or regional energy strategy to identify potential trade corridors and projects of strategic importance of common interest; and providing financial support to interprovincial transmission projects. Communicating to: learn about Government of Canada initiatives related to climate change and GHG reduction; learn about electricity infrastructure and energy infrastructure; and discuss interties, energy storage and renewable energy generation, including how those tools can help Canada achieve net-zero clean electricity grid by 2050. Open-ended discussions regarding inter-jurisdictional electricity projects and system planning related to the Government of Canada’s Clean Electricity Strategy. Engaging government stakeholders in discussions regarding wildfire risk in Alberta, including the development of a mitigation and response strategy in collaboration with affected or at-risk communities. Open-ended discussions regarding spectrum management and radio frequency planning. Requesting funding under the Smart Renewables and Electrification Pathways Program to be used towards a high voltage, grid-connected energy storage system, and transmission infrastructure that supports renewable energy development in Alberta. Requesting financial support for transmission infrastructure that supports renewable energy development in Alberta from the Canada Infrastructure Bank. Open-ended discussions regarding the status of the Public Safety Broadband Network. Commenting on the investment tax credit of up to 30% for investments in clean technologies. Commenting on the proposed investment tax credit of up to 15% for investments in clean electricity. AltaLink is engaging government stakeholders regarding participating in the Clean Electricity Regulations consultation process to comment on issues such as performance standards, phase-in, facility operations, and end of life for emitting units. As a transmission facility owner in Alberta, we are looking for CER design that helps to achieve a net-zero grid while maintaining reliability and affordability of the system.

CFIB supports the principle behind the Canada Jobs Grant but encourages flexibility in its implementation and consideration of small and medium-size enterprises (SMEs)' needs. For example, introducing a permanent refundable tax credits for co-op and internship hires and reducing red tape from programs like Canada Summer Jobs to make it easier for small businesses to continue hiring youth. Advocating on behalf of small and medium-sized businesses to facilitate trade between Canada and other countries (CAN-US tariffs, the Canada-United States-Mexico Agreement, Chinese tariffs). Canadian Federation of Independent Business (CFIB) shares its suggestions for Budget 2026 focusing on: reducing the small business tax rate from 9% to 6% and increasing the small business deduction (SBD) threshold to $700,000 and index it to inflation going forward. Canada is experiencing an “entrepreneurial drought”: a sustained period where business closures consistently outpace new business starts, leading to a shrinking entrepreneurial base and declining confidence in entrepreneurship. CFIB recommends that reversing this trend should be treated as a national economic priority. Sharing small businesses' views on Labour Code changes, impact on small businesses and the need to ensure the fluidity of the supply chain. Sharing survey results on improving CFIA customer service to encourage the review of their operations to better meet the needs of small and medium-size enterprises (SMEs) - reducing red tape and facilitating food mobility within Canada. Sharing data information and recommendations related to the state of small and medium-size enterprises (SMEs) overall and for specific sectors which could also include provincial data. Promoting reforms to the Competition Act that will ensure small businesses have an equitable opportunity to compete in today’s economy, especially as small and medium-size enterprises (SMEs) have noted an increase in large corporate giants within Canada. Shipping costs pose a significant barrier for small business, as such we continue to advocate for favourable shipping rates with carriers (including the cost of shipping along with better service levels and addressing the work stoppage at Canada Post). Presenting the views of small business owners based on our survey data to the Canada Revenue Agency to share ways of improving customer service interactions with small and medium-size enterprises (SMEs) and suggest ways to ease the tax burden on small business owners as well as increase accountability within the agency. CFIB continues to monitor the effects of the Consumer Product Safety Act on small and medium-size enterprises (SMEs) and other issues raised related to the mandate of Health Canada. We also continue to monitor customer service interactions between our members and Health Canada. Any issues are raised with officials. CFIB advocates for simplification to the federal procurement process on behalf of small and medium-size enterprises (SMEs). Lobbying to reduce Red Tape by focusing on removing interprovincial trade barriers, facilitating labour mobility and improving government customer service. This includes providing input for the consultations on the Annual Regulatory Modernization Bill. Goods and Services Tax/ Harmonized Sales Tax Administration with regards to Transitional Rules, Out of Province Sales Rules, Point-of-Sale Rebate, and fillings. Retirement Income Policies, and proposed Canada Pension Plan increases. CFIB is against mandatory increases in Canada Pension Plan, and has provided alternative approaches. CFIB has also shared recommendations to reduce disincentives to work for older workers. Presenting the views of small business owners on infrastructure spending through member survey results, mandate votes and other CFIB research. Offering funding solutions and alternatives to government proposals on transit and infrastructure expansion. Personal Information Protection and Electronic Documents Act (PIPEDA)

Work with the federal government and financial sector regulators on developing the regulatory framework around the Stablecoin Act. Work with the federal government and financial sector regulators on developing clear definitions, categorization and regulatory treatment of crypto assets. To engage federal financial sector regulators with respect to the supervision of crypto assets under Canada’s anti-money laundering and terrorist financing regulations. To advocate for the development of a national strategy to support the growth of Canada’s Web3 economy and digital assets and create an environment where blockchain technology helps to transform the Canadian economy.

Work with the federal government and financial sector regulators on developing clear definitions, categorization and regulatory treatment of crypto assets. To engage federal financial sector regulators with respect to the supervision of crypto assets under Canada’s anti-money laundering and terrorist financing regulations. To advocate for the development of a national strategy to support the growth of Canada’s Web3 economy and digital assets and create an environment where blockchain technology helps to transform the Canadian economy.

Working with the government to protect Canadians against fraud and scams, including the development of the National Anti-Fraud Strategy. Contribute to the development and implementation of a Canadian consumer driven banking framework and the development of associated regulation. Policies and programs relating to the efficiency and effectiveness of the financial sector regulatory system, specifically the red tape reduction review. Open dialogue with relevant public office holders to emphasize Capital One's important role in Canada’s financial landscape and the unique business conditions of small and medium banks in Canada. Support the development of an innovative, efficient, and secure payments ecosystem in Canada that benefits consumers. The Bank Act and various associated regulations, in particular those pertaining to Schedule III banks.

Canada's Revenue Agency's tax filing services with respect to providing tax preparation service delivery to low and fixed income Canadians. Government policies and programs relating to ePayroll. Working with the Canada Revenue Agency through the Income Tax Act to maintain operations between Intuit taxation software (QuickBooks) and government departments/agencies. Government programs and policies relating to small business and digital adoption Government programs and policies impacting consumer finance, credit scores, with respect to Credit Karma. The Government of Canada's digital service delivery, with respect to opportunities for innovation and collaborative partnership Government consultations and policies relating to payment system regulation, including small business use of new technologies Government programs and policies relating to small business digital innovation, with respect to opportunities for innovation and collaboration with QuickBooks and Mailchimp.

The Government of Canada’s AI Strategy, and opportunities for innovation and collaboration around implementation. Working with the Canada Revenue Agency through the Income Tax Act to maintain operations between Intuit taxation software (QuickBooks) and government departments/agencies. The Government of Canada's digital service delivery, with respect to opportunities for innovation and collaborative partnership Government programs and policies relating to small business digital innovation, with respect to opportunities for innovation and collaboration with QuickBooks and Mailchimp. Government programs and policies promoting digital adoption by small and medium-sized business. Government programs and policies impacting consumer finance, credit scores, with respect to Credit Karma. Government policies and programs relating to the implementation of a real-time payroll reporting system (formerly known as ePayroll) Government consultations and policies relating to payment system regulation, including small business use of new technologies Canada's Revenue Agency's tax filing services with respect to providing tax preparation service delivery to low and fixed income Canadians.