John McCallum at the Finance Committee

On November 25th, 2009. See this statement in context.

November 25th, 2009 / 3:50 p.m.

Liberal

John McCallum Liberal Markham—Unionville, ON

Thank you for being here today.

First of all, I want to say that I support this bill. I believe the Liberal Party also supports it in principle.

I have two questions. First of all, this bill creates a deduction, not a tax credit. If I am reading this correctly, this is a deduction, not a credit. Am I right?

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