moved for leave to introduce Bill C-335, An Act to amend the Canada Pension Plan (deductions — disabled child).
Mr. Speaker, I will briefly describe the intention of this bill. As members know, a lot of amendments are proposed in this House regarding the Canada pension plan, employment insurance, old age security and the like. It is a very complex formula to provide people benefits once they reach 65 years of age or 60 if they choose to do so.
This bill would change the formula slightly to allow people to get credit for the years they were not working because they were looking after a disabled child. The way to do that through the tax system is through tax benefits they receive by looking after a disabled child in the earlier years of life, maybe in their 30s or 40s. We would ensure they would not be penalized for the years they missed, once they apply for their Canada pension plan at age 65. I think that would be a small change in the formula but the principle is sound, it is beneficial for them and substantial for people who are unable to work because, unfortunately, they must look after a child who is disabled.
(Motions deemed adopted, bill read the first time and printed)