An Act to amend the Income Tax Act (deductibility of RESP contributions)

This bill is from the 39th Parliament, 2nd session, which ended in September 2008.

Sponsor

Dan McTeague  Liberal

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

Status

Second reading (Senate), as of June 18, 2008
(This bill did not become law.)

Summary

This is from the published bill.

This enactment amends the Income Tax Act to provide that contributions to a Registered Education Savings Plan are deductible from a taxpayer’s taxable income.

Similar bills

C-500 (40th Parliament, 3rd session) An Act to amend the Income Tax Act (deductibility of RESP contributions)
C-253 (39th Parliament, 1st session) An Act to amend the Income Tax Act (deductibility of RESP contributions)

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.

Bill numbers are reused for different bills each new session. Perhaps you were looking for one of these other C-253s:

C-253 (2022) Bank of Canada Accountability Act
C-253 (2020) An Act to amend the Bankruptcy and Insolvency Act and the Companies’ Creditors Arrangement Act (pension plans and group insurance plans)
C-253 (2016) Recognition of Charlottetown as the Birthplace of Confederation Act
C-253 (2013) An Act to amend the Access to Information Act (response time)
C-253 (2011) An Act to amend the Access to Information Act (response time)
C-253 (2010) An Act to amend the Canada Post Corporation Act (mail free of postage to members of the Canadian Forces)

Votes

March 5, 2008 Passed That the Bill be now read a third time and do pass.
March 5, 2008 Passed That Bill C-253, An Act to amend the Income Tax Act (deductibility of RESP contributions), as amended, be concurred in at report stage with further amendments.
March 5, 2008 Passed That Bill C-253, in Clause 2, be amended by replacing lines 8 and 9 on page 2 with the following: “( b) the RESP lifetime limit minus the total of all contributions made by the taxpayer into a registered education savings plan in previous taxation years, to a maximum of $5,000.”
March 5, 2008 Passed That Motion No. 2 be amended by adding after the word “years” the following: “, to a maximum of $5,000”.
March 5, 2008 Passed That Bill C-253, in Clause 2, be amended by deleting lines 10 to 24 on page 1.

Income Tax ActPrivate Members' Business

February 28th, 2008 / 6:20 p.m.

The Acting Speaker Royal Galipeau

All those in favour of the amendment will please say yea.

Income Tax ActPrivate Members' Business

February 28th, 2008 / 6:20 p.m.

Some hon. members

Yea.

Income Tax ActPrivate Members' Business

February 28th, 2008 / 6:20 p.m.

The Acting Speaker Royal Galipeau

All those opposed will please say nay.

Income Tax ActPrivate Members' Business

February 28th, 2008 / 6:20 p.m.

Some hon. members

Nay.

Income Tax ActPrivate Members' Business

February 28th, 2008 / 6:20 p.m.

The Acting Speaker Royal Galipeau

In my opinion the yeas have it.

And five or more members having risen:

The recorded division on the amendment stands deferred.

Normally at this time the House would proceed to the taking of the deferred recorded divisions at the report stage of the bill. However, pursuant to Standing Order 98 the divisions stand deferred until Wednesday, March 5, immediately before the time provided for private members' business.

Income Tax ActPrivate Members' Business

February 28th, 2008 / 6:25 p.m.

Conservative

Ken Epp Conservative Edmonton—Sherwood Park, AB

Mr. Speaker, I rise on a point of order. I urge you to seek the unanimous consent of the House to see the clock at 6:30 p.m., even though it really is not.

Income Tax ActPrivate Members' Business

February 28th, 2008 / 6:25 p.m.

The Acting Speaker Royal Galipeau

Is that agreed?

Income Tax ActPrivate Members' Business

February 28th, 2008 / 6:25 p.m.

Some hon. members

Agreed.

The House resumed from February 28 consideration of Bill C-253, An Act to amend the Income Tax Act (deductibility of RESP contributions), as reported with amendment from the committee, and of the motions in Group No. 1.

Income Tax ActPrivate Members' Business

March 5th, 2008 / 5:50 p.m.

The Deputy Speaker Bill Blaikie

The House will now proceed to the taking of the deferred recorded divisions on the motions at report stage of Bill C-253 under private members' business.

The question is on Motion No. 1.

(The House divided on the motion, which was agreed to on the following division:)

Vote #52

Income Tax ActPrivate Members' Business

March 5th, 2008 / 6:05 p.m.

The Deputy Speaker Bill Blaikie

I declare Motion No. 1 carried.

The next question is on the amendment to Motion No. 2.

(The House divided on the amendment to Motion No. 2, which was agreed to on the following division:)

Vote #53

Income Tax ActPrivate Members' Business

March 5th, 2008 / 6:15 p.m.

The Deputy Speaker Bill Blaikie

I declare the amendment to Motion No. 2 carried.

The next question is on Motion No. 2, as amended.

Income Tax ActPrivate Members' Business

March 5th, 2008 / 6:15 p.m.

Liberal

Karen Redman Liberal Kitchener Centre, ON

Mr. Speaker, while I realize that this is somewhat unusual, it is not unprecedented in the House for private members' bills. With the agreement of the member for Pickering—Scarborough East, I would seek the unanimous consent of the House to apply the results of the vote just taken to the vote now before the House.