An Act to amend the Income Tax Act (refundable tax credit for low-income earners)

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

Sponsor

Keith Martin  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 Oct. 17, 2007
(This bill did not become law.)

Summary

This is from the published bill.

This enactment amends the Income Tax Act to provide for a refundable tax credit of up to $2,000 for taxpayers earning up to $40,000.

Similar bills

C-414 (40th Parliament, 3rd session) An Act to amend the Income Tax Act (refundable tax credit for low-income earners)
C-414 (40th Parliament, 2nd session) An Act to amend the Income Tax Act (refundable tax credit for low-income earners)

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-462s:

C-462 (2019) An Act to amend the Department of the Environment Act (greenhouse gas reduction action plan)
C-462 (2013) Law Disability Tax Credit Promoters Restrictions Act
C-462 (2012) Disability Tax Credit Promoters Restrictions Act
C-462 (2010) Canada Marine Day Act
C-462 (2009) Canada Marine Day Act
C-462 (2005) An Act to amend the Income Tax Act (travel expenses)

Income Tax ActRoutine Proceedings

October 17th, 2007 / 3:30 p.m.

Liberal

Keith Martin Liberal Esquimalt—Juan de Fuca, BC

moved for leave to introduce Bill C-462, An Act to amend the Income Tax Act (refundable tax credit for low-income earners).

Mr. Speaker, one of the greatest responsibilities any government has is its duty to help those who are most underprivileged in our society. Homelessness, lower education levels and poor health outcomes saps hope and destroys futures. Within Canada there is a group of the poor that has to labour underneath that. Within that group are nearly one million children who labour under poverty.

It is for this reason that it is my honour to introduce in the House a private member's bill that would introduce the Canadian low income supplement. This supplement would put $2,000 in the hands of every family that earns under $20,000 a year, declining to zero for those families that earn less than $40,000. It puts real money in the hands of those who are most underprivileged in our society.

The government is enjoying a $14 billion surplus. Conservatives failed to introduce any credible poverty reduction plan in the Speech from the Throne and, quite frankly, have increased taxes on the poor. This is remarkable and unconscionable.

Therefore, I ask the government to support and quickly pass this private member's bill, pass the Canadian low income supplement, put real money in the hands of those Canadians who are underprivileged and ensure that they have the hope and the future to which all Canadians aspire.

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