An Act to amend the Income Tax Act (services to a charity or public authority)
Peter Stoffer NDP
Introduced as a private member’s bill. (These don’t often become law.)
Introduction and First Reading
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Income Tax Act
June 21st, 2011 / 10:10 a.m.
Peter Stoffer Sackville—Eastern Shore, NS
moved for leave to introduce Bill C-240, An Act to amend the Income Tax Act (services to a charity or public authority)
Mr. Speaker, when people make a donation of some kind to a charity, they get a taxable receipt. However, if they provide services to that charity it is not necessarily tax deductible.
What I am trying to do in this bill is to say that if people provide various services in kind for a charitable organization then the services that they render should be tax deductible. For example, people may lend their car to a Lion's Club so that its members can drive a person to a medical appointment. That vehicle saves them a lot of time, money and effort and the owners should be able to deduct some of those services that they have rendered in kind for tax deductible purposes. That would encourage more people in the future to give not only their cash but also their time.
(Motions deemed adopted, bill read the first time and printed)