Bill C-288 (Historical)

An Act to amend the Income Tax Act (tax credit for new graduates working in designated regions)

This bill was last introduced in the 40th Parliament, 3rd Session, which ended in March 2011.

This bill was previously introduced in the 40th Parliament, 2nd Session.

Sponsor

Johanne Deschamps  Bloc

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

Status

Report stage (House), as of Dec. 2, 2009
(This bill did not become law.)

Summary

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

This enactment amends the Income Tax Act to give every new graduate who settles in a designated region a tax credit equal to the lesser of
(a) 40% of the individual's salary or wages,
(b) $3,000, and
(c) the amount by which $8,000 exceeds all amounts paid for a preceding taxation year.
The purpose of this measure is to encourage new graduates to settle in designated regions, thereby curbing the exodus of young people from those regions and promoting their economic development.

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.

Votes

May 5, 2010 Passed That the Bill be now read a third time and do pass.
May 27, 2009 Passed That the Bill be now read a second time and referred to the Standing Committee on Finance.

Finance Committee, on Nov. 25, 2009

  • Lysiane Boucher, Coordinator, Federal and International Affairs, Fédération étudiante universitaire du Québec
  • Jean-David Beaulieu, Researcher, Bloc Québécois Research Bureau, Bloc Québécois
  • Kevin Page, Parliamentary Budget Officer, Library of Parliament
  • Sahir Khan, Assistant Parliamentary Budget Officer, Expenditure and Revenue Analysis, Office of the Parliamentary Budget Officer, Library of Parliament
  • Jason Jacques, Financial Advisor, Expenditure and Revenue Analysis, Office of the Parliamentary Budget Officer, Library of Parliament

Finance Committee, on Dec. 1, 2009