An Act to amend the Excise Tax Act and the Income Tax Act (extra-energy-efficient products)
Don Davies NDP
Introduced as a private member’s bill. (These don’t often become law.)
Introduction and First Reading
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Excise Tax Act
November 21st, 2011 / 3:10 p.m.
Don Davies Vancouver Kingsway, BC
moved for leave to introduce Bill C-353, An Act to amend the Excise Tax Act and the Income Tax Act (extra-energy-efficient products).
Mr. Speaker, I rise to introduce a bill inspired by a young person in my riding, Hansel Fung. He, like many young people, is concerned about our excessive use of energy. This bill proposes a system of tax incentives to encourage Canadian families to lower their energy consumption.
Specifically, the bill would provide financial incentives for individual families to lower their carbon footprint by reducing their energy consumption and use. It would create an HST exemption to lower the price of household appliances deemed by regulation to be extra energy efficient.
The existing Energy Star program helps consumers make informed choices by highlighting energy efficient products, but this bill would go one step further by exempting such products from the HST. Families would be rewarded for making green choices when they purchase low-energy household appliances and products such as compact fluorescent light bulbs. This bill would also create a tax credit to be claimed at the end of the year that would allow families to deduct 10% of the cost of the purchase of low-energy appliances.
I hope all of my colleagues will join with me in supporting this bill, which will encourage a greener future for Canada and a better world.
(Motions deemed adopted, bill read the first time and printed)