moved for leave to introduce Bill C-303, An Act to amend the Income Tax Act (travel expenses).
Mr. Speaker, when Canadians are considering vacation destinations, how many of them think of Canadian destinations first? That is why I am proud to introduce a bill today that amends the Income Tax Act to make things easier for Canadians and encourage them to choose Canadian destinations.
Under this amendment, taxpayers will be entitled to deduct up to $2,000 from their income in respect of the expense of purchasing airplane, train or bus tickets for the taxpayer or the taxpayer's family members if the travel involves crossing at least three different provincial boundaries.
Promoting travel within Canada is a way to promote Canada's rich cultural diversity. If all Canadians had an easier opportunity to visit distant provinces, it would not only foster a stronger knowledge of our shared history, but would also promote a sense of unity and understanding among Canadians who otherwise seldom interact.
According to my calculations, with the additional money spent during these trips, the economic stimulus in this private member's bill would be revenue neutral for the finance department.
(Motions deemed adopted, bill read the first time and printed)