Bill C-343 (Historical)

An Act to amend the Income Tax Act (capital gains exemption on disposition of fishing property)

This bill is from the 38th Parliament, 1st session, which ended in November 2005.

Sponsor

Lawrence MacAulay  Liberal

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

Status

Outside the Order of Precedence (a private member's bill that hasn't yet won the draw that determines which private member's bills can be debated), as of Feb. 25, 2005
(This bill did not become law.)

Similar bills

C-216 (39th Parliament, 2nd session) An Act to amend the Income Tax Act (capital gains exemption on disposition of fishing property)
C-216 (39th Parliament, 1st session) An Act to amend the Income Tax Act (capital gains exemption on disposition of fishing property)

Elsewhere

All sorts of information on this bill is available at LEGISinfo, an excellent resource from Parliament. You can also read the full text of the bill.

Bill numbers are reused for different bills each new session. Perhaps you were looking for one of these other C-343s:

C-343 (2023) Canada-Taiwan Relations Framework Act
C-343 (2017) Act respecting the Federal Ombudsman for Victims of Criminal Acts
C-343 (2013) Cell Phone Freedom Act
C-343 (2011) Cell Phone Freedom Act

Income Tax ActRoutine Proceedings

February 25th, 2005 / 12:15 p.m.


See context

Liberal

Lawrence MacAulay Liberal Cardigan, PE

moved for leave to introduce Bill C-343, An Act to amend the Income Tax Act (capital gains exemption on disposition of fishing property).

Mr. Speaker, the Income Tax Act allows an individual to claim a $500,000 total lifetime exemption for capital gains that arise from the disposal of qualified farm property.

I am pleased to table this bill today which amends the act so that an individual may also claim this exemption in respect of qualified fishing property.

This bill is very important to the fishing industry. I urge the House to support it.

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