Bill C-241 (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 39th Parliament, 2nd Session, which ended in September 2008.

This bill was previously introduced in the 39th Parliament, 1st Session.

Sponsor

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 Oct. 16, 2007
(This bill did not become law.)

Summary

This is from the published bill. The Library of Parliament often publishes better independent summaries.

The purpose of this enactment is to allow employees to deduct the cost of providing tools needed in the course of their employment if they are required to do so by the employer as a condition of employment. The deduction includes an allowance in respect of the capital cost of the tools and rental, maintenance and insurance expenses.
Regulations would set the appropriate depreciation rates applicable to the capital costs for various types of tools.

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.

All House mentions

Income Tax ActRoutine Proceedings

May 1st, 2006 / 3:25 p.m.
See context

NDP

Peter Stoffer NDP Sackville—Eastern Shore, NS

moved for leave to introduce Bill C-241, An Act to amend the Income Tax Act (deductibility of expense of tools provided as a requirement of employment).

Mr. Speaker, this is a copy of a bill my great colleague from Winnipeg Centre has also introduced. It is also great that this bill is introduced on May Day.

If people working for Canadian Tire had to bring their own tools to work, those tools would not tax deductible. If Canadian Tire supplied those tools for the individuals, they would be tax deductible. That is wrong.

We believe the tax deductibility should work both ways. If a person is a mechanic or travels across the country and brings his or her tools along, it should be no different than a businessman who brings his laptop. It is a tax deductibility that should be encouraged, so our workers in this country can be treated fairly by the income tax system.

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