Bill C-260 (Historical)
An Act to amend the Income Tax Act (deductibility of expense of tools provided as a requirement of employment)
This bill was last introduced in the 39th Parliament, 2nd Session, which ended in September 2008.
This bill was previously introduced in the 39th Parliament, 1st Session.
Pat Martin NDP
Introduced as a private member’s bill. (These don’t often become law.)
Introduction and First Reading
(This bill did not become law.)
Income Tax Act
May 5th, 2006 / 12:05 p.m.
Pat Martin Winnipeg Centre, MB
moved for leave to introduce Bill C-260, An Act to amend the Income Tax Act (deductibility of expense of tools provided as a requirement of employment).
Mr. Speaker, as a tradesman, although not currently practising, I rise to stand on behalf of my fellow carpenters and other building trades workers or anyone who uses tools in a job.
Recognizing that the recent Conservative budget does acknowledge a tax deduction for the purchase of tools, this bill improves on that, if I may say so, by having no ceiling and no limit. It broadens the parameters of who would be eligible to deduct the expense of these tools for the use and the purpose of earning income.
(Motions deemed adopted, bill read the first time and printed)