Bill C-427 (Historical)

Reflecting the Realities of Canadian Artists Act

An Act to amend the Income Tax Act (income averaging for artists)

This bill was last introduced in the 41st Parliament, 1st Session, which ended in September 2013.

Sponsor

Tyrone Benskin  NDP

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

Status

Defeated, as of Nov. 7, 2012
(This bill did not become law.)

Summary

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

The purpose of this enactment is to amend the Income Tax Act to permit Canadian artists to benefit from income averaging for the purposes of federal taxation over a maximum period of five years.

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

Nov. 7, 2012 Failed That the Bill be now read a second time and referred to the Standing Committee on Finance.

Income Tax ActRoutine Proceedings

May 31st, 2012 / 10:05 a.m.
See context

NDP

Tyrone Benskin NDP Jeanne-Le Ber, QC

moved for leave to introduce Bill C-427, An Act to amend the Income Tax Act (income averaging for artists).

Mr. Speaker, this is a proud and humbling moment for me. I have lobbied for this for at least a decade before joining the House.

This bill would help independent artists who do not have access to employment insurance and the Canada pension plan during feast or famine years. All independent artists can have a number of lean years. Then, if they are blessed, they will land something that shoots them up into the stratosphere. The bill intends to make it a little easier in regards to averaging their tax burden for that year over four or five years.

Many artists have looked for this. I know members of the House on the opposite side have heard that for a number of years. It would bring a sense of fairness to the people who contribute to this country in large measure.

Therefore, I stand here today to introduce this bill.

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