moved for leave to introduce Bill C-382, An Act to amend the Excise Tax Act and the Income Tax Act (extra-energy-efficient products).
Madam Speaker, I am pleased to rise today to introduce this legislation, with thanks to the member for Nanaimo—Ladysmith for seconding it.
The bill would amend the Excise Tax Act to exempt extra-energy-efficient products from the GST and the HST, including heat pumps, household appliances, lighting fixtures, electric motors and electronics. It would also amend the Income Tax Act to provide a tax credit for the purchase of these products. This would put money back in people's pockets, reduce our energy consumption and encourage a shift towards more sustainable consumption.
The bill represents a key investment in our future. Its urgency is underscored by the premature exhaustion of funds from the federal greener homes grant program. I urge all members to support this important initiative for a greener, more sustainable and more affordable Canada for all Canadians.
(Motions deemed adopted, bill read the first time and printed)