Bill C-476 (Historical)

An Act to amend the Income Tax Act (tax credit for gifts)

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

Summary

This is from the published bill.

This enactment amends section 118.1 of the Income Tax Act to have the tax credit applicable to charitable and other gifts computed in the same manner as the tax credit applicable to monetary contributions to federal political parties and candidates, where the total amount of the gifts in a taxation year does not exceed $1275.

Similar bills

C-321 (43rd Parliament, 2nd session) An Act to amend the Income Tax Act (tax credit for gifts)

C-347 (41st Parliament, 2nd session) An Act to amend the Income Tax Act (tax credit for gifts)

C-347 (41st Parliament, 1st session) An Act to amend the Income Tax Act (tax credit for gifts)

C-274 (40th Parliament, 3rd session) An Act to amend the Income Tax Act (tax credit for gifts)

C-274 (40th Parliament, 2nd session) An Act to amend the Income Tax Act (tax credit for gifts)

Elsewhere

All sorts of information on this bill is available at LEGISinfo, an excellent resource from 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-476s:

C-476 (2013) Parliamentary Budget Officer Act

C-476 (2010) An Act to amend the Bankruptcy and Insolvency Act and other Acts (unfunded pension plan liabilities)

C-476 (2009) An Act to amend the Bankruptcy and Insolvency Act and other Acts (unfunded pension plan liabilities)

C-476 (2004) Elimination of Racial Profiling Act

Charitable Tax CreditPetitionsRoutine Proceedings

April 7th, 2008 / 6:15 p.m.

See context

NDP

Brian Masse NDP Windsor West, ON

Mr. Speaker, I have two sets of petitions to present. The first is with regard to a private member's bill that I am moving forward, Bill C-476, to amend the charity portion of the Income Tax Act. The legislation would provide for charitable donations the same type of tax deduction that political parties get right now. The petitioners are from across Canada and support this important change.

Charitable Tax CreditPetitionsRoutine Proceedings

March 12th, 2008 / 3:55 p.m.

See context

NDP

Brian Masse NDP Windsor West, ON

Mr. Speaker, I am happy to table two sets of petitions. The first set is on Bill C-476 and I am glad the member for Winnipeg Centre is here.

This bill addresses the charitable tax rate in this country. It introduces more generous tax deductions for those who give to charities. It mirrors the political tax credit which is very generous right now. The bill would revolutionize charitable giving in Canada. It would make it fairer and would treat charities the same as political parties.

As well, it is of interest to note that the government has actually reduced the charitable tax rate. It has actually gone in the opposite direction. Right now we have submissions from around 200 people on this issue.