Bill C-262 (Historical)
An Act to amend the Income Tax Act (deductibility of expense of tools provided as a requirement of employment)
This bill was last introduced in the 37th Parliament, 3rd Session, which ended in May 2004.
This bill was previously introduced in the 37th Parliament, 2nd Session.
Lorne Nystrom NDP
Introduced as a private member’s bill. (These don’t often become law.)
Not active, as of Oct. 28, 2002
(This bill did not become law.)
Income Tax Act
October 28th, 2002 / 3:10 p.m.
Lorne Nystrom Regina—Qu'Appelle, SK
moved for leave to introduce Bill C-262, an act to amend the Income Tax Act (deductibility of expense of tools provided as a requirement of employment).
Mr. Speaker, this is a very common sense private member's bill. It would allow people to deduct from their income tax the cost of the tools they use in their work. It would be a very credible thing to do in terms of the expense it costs people to do their jobs.
(Motions deemed adopted, bill read the first time and printed)