Bill C-260 (Historical)

An Act to amend the Income Tax Act (deductibility of expense of tools provided as a requirement of employment)

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

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 purpose of this enactment is to allow employees to deduct the cost of providing tools for 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.

Similar bills

C-260 (39th Parliament, 1st session) An Act to amend the Income Tax Act (deductibility of expense of tools provided as a requirement of employment)

C-218 (38th Parliament, 1st session) An Act to amend the Income Tax Act (deductibility of expense of tools provided as a requirement of employment)

C-262 (37th Parliament, 3rd session) An Act to amend the Income Tax Act (deductibility of expense of tools provided as a requirement of employment)

C-225 (37th Parliament, 1st session) An Act to amend the Income Tax Act (deductibility of expense of tools provided as a requirement of employment)

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-260s:

C-260 (2022) Canada Post-Secondary Education Act

C-260 (2020) An Act to amend the Canada Post Corporation Act

C-260 (2016) An Act to amend the Canadian Forces Superannuation Act and the Royal Canadian Mounted Police Superannuation Act (deduction of disability pensions)

C-260 (2013) An Act to amend the Statistics Act (mandatory long-form census questionnaire)

C-260 (2011) An Act to amend the Statistics Act (mandatory long-form census questionnaire)

C-260 (2010) An Act to amend the Criminal Code (legal duty outside Canada)

Other House mentions

Income Tax ActRoutine Proceedings

May 5th, 2006 / 12:05 p.m.

See context

NDP

Pat Martin NDP Winnipeg Centre, MB

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)