An Act to amend the Income Tax Act (tax credit for new graduates working in designated regions)
This bill is from the 40th Parliament, 3rd session, which ended in March 2011.
This bill is from the 40th Parliament, 3rd session, which ended in March 2011.
Johanne Deschamps Bloc
Introduced as a private member’s bill. (These don’t often become law.)
In committee (Senate), as of March 8, 2011
(This bill did not become law.)
This is from the published bill.
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.
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-288s: