An Act to amend the Income Tax Act (exemption from taxation of 50% of U.S. social security payments to Canadian residents)

This bill was last introduced in the 37th Parliament, 1st Session, which ended in September 2002.

Sponsor

Jason Kenney  Canadian Alliance

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

Status

Not active, as of March 14, 2001
(This bill did not become law.)

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

March 14th, 2001 / 4 p.m.
See context

Canadian Alliance

Jason Kenney Canadian Alliance Calgary Southeast, AB

moved for leave to introduce Bill C-298, an act to amend the Income Tax Act (exemption from taxation of 50% of U.S. social security payments to Canadian residents).

Mr. Speaker, my third and final private member's bill today would re-establish the status quo ante with respect to the taxation of social security payments made to Canadian residents from the United States government.

The Liberal government had renegotiated the tax treaty with the United States in such a way as to prejudice financially seniors resident in Canada who receive social security payments.

The bill would correct that egregious mistake, which has cost many low income and fixed income seniors very dearly in financial terms, by restoring the original inclusion rate of 50% for social security payments to Canadians.

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