An Act to amend the Income Tax Act (removal of charge)

This bill was last introduced in the 40th Parliament, 3rd Session, which ended in March 2011.

This bill was previously introduced in the 40th Parliament, 2nd Session.

Sponsor

Charlie Angus  NDP

Introduced as a private member’s bill. (These don’t often become law.)

Status

Outside the Order of Precedence (a private member's bill that hasn't yet won the draw that determines which private member's bills can be debated), as of June 9, 2009
(This bill did not become law.)

Summary

This is from the published bill. The Library of Parliament often publishes better independent summaries.

This enactment amends the Income Tax Act to allow the Minister of Finance to remove a charge on real property or an immovable to allow for the redevelopment of the real property or immovable where it would be in the public interest to do so.
This enactment also requires the Minister of Finance to enter into discussions with ministers of the provincial and territorial governments for the purpose of establishing a national plan for the removal of government liens or causes of preference from derelict and brownfield properties.

Elsewhere

All sorts of information on this bill is available at LEGISinfo, an excellent resource from the Library of Parliament. You can also read the full text of the bill.

Income Tax ActRoutine Proceedings

June 9th, 2009 / 10:05 a.m.
See context

NDP

Charlie Angus NDP Timmins—James Bay, ON

moved for leave to introduce Bill C-411, An Act to amend the Income Tax Act (removal of charge).

Mr. Speaker, I am very pleased to rise in this House today, with my colleague from Nanaimo—Cowichan, to introduce a bill that I think all members of Parliament will find a very straightforward and agreeable bill.

It is a bill to amend the Income Tax Act, particularly where a charge, lien or priority on a binding interest on a property has been created, and where the minister has reason to believe it will be in the public interest to remove the lien on these buildings to allow for redevelopment, and that the minister may, in accordance with regulations, discharge the lien, priority or interest.

The bill refers to the problem that we are facing in many of our communities where buildings have been abandoned and liens have been put on them. At a certain point they become unsellable. The buildings are left to deteriorate. Nobody wants to assume the redevelopment of properties or brownfield sites because of the heavy liens on them. We end up with many buildings being left derelict and falling apart.

In 2006, the province of Ontario amended the income tax act to allow the province to discharge liens, to return them to the municipality so that properties could be redeveloped.

Support for this bill comes from a number of organizations. The National Brownfield Redevelopment Strategy for Canada has spoken about this. The Timmins Chamber of Commerce, in terms of the issue of redevelopment of downtowns, and the National Round Table on the Environment and the Economy have all spoken of the need to have a plan so that the minister, when it is in the public interest, can discharge liens on abandoned brownfields and abandoned derelict buildings.

(Motions deemed adopted, bill read the first time and printed)