moved for leave to introduce Bill C-250, An Act to amend the Income Tax Act (small brewery tax credit).
Mr. Speaker, I would like to thank the member for Skeena—Bulkley Valley. He is actually the original author of this bill and worked on it very diligently, and I have inherited it. It is complementary to some of the industry issues that we are working on.
The small brewery tax rate would be reduced for those producing less than 15,000 hectolitres of beer. These are very important businesses that are actually rehabilitating properties and communities. They contribute to the local economy by using local products and agriculture. As well, local individuals come from our universities and colleges to become brewmasters.
These microbreweries are microbusinesses that have a significant impact by making sure there is a holistic approach in the community to produce a product that is well received, but also, most importantly, is local, fresh, and Canadian.
(Motions deemed adopted, bill read the first time and printed)