An Act to amend the Income Tax Act (tax credit for gifts)
Brian Masse 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
November 16th, 2011 / 3:15 p.m.
Brian Masse Windsor West, ON
moved for leave to introduce Bill C-347, An Act to amend the Income Tax Act (tax credit for gifts).
Mr. Speaker, it is my pleasure to introduce this bill.
In the last number of budgets the Conservative government has been reducing the charitable amount allowed when people make donations to charities. This bill would reverse that trend. The bill would provide for charities to get more money back at tax time so that they would be able to provide services in the community.
It is important to note that the not-for-profit charitable sector accounts for 8% of the Canadian economy. That sector has been suffering. It has had no tax policy changes. This bill would level the playing field and provide more of an economic hit for our country than a general corporate tax cut would.
I am pleased to table the bill in an effort to help support Canadian charities and to make sure that they remain sustainable with the economy the way it is right now.
(Motions deemed adopted, bill read the first time and printed)