moved for leave to introduce Bill C-260, An Act to amend the Income Tax Act (deductibility of expense of tools provided as a requirement of employment).
Mr. Speaker, as a tradesman, although not currently practising, I rise to stand on behalf of my fellow carpenters and other building trades workers or anyone who uses tools in a job.
Recognizing that the recent Conservative budget does acknowledge a tax deduction for the purchase of tools, this bill improves on that, if I may say so, by having no ceiling and no limit. It broadens the parameters of who would be eligible to deduct the expense of these tools for the use and the purpose of earning income.
(Motions deemed adopted, bill read the first time and printed)