moved for leave to introduce Bill C-321, An Act to amend the Income Tax Act (tax credit for gifts).
Mr. Speaker, I am pleased to reintroduce this bill. It is not often that the National Post actually endorses an NDP idea and bill. This bill would allow tax credits on donations to charities, similar to donations to political parties. This way, there actually would be more giving, and there would also be more tax revenue that would go back to the individual. Charities and not-for-profits have had difficulties and challenges with regard to donations. This bill would at least provide some revenue stream for them to help.
I will just say that this is very important, because right now we know, with COVID-19, those organizations have been really challenged. This would allow our donations to charities to replicate those to political parties. They would be capped, so there would not be an endless stream of money that we can get back, allowing for fairness for all Canadians.
(Motions deemed adopted, bill read the first time and printed)