Perhaps I'm not hearing this correctly. My understanding is that if it's a deduction it should be in section 63 of the Income Tax Act, not section 118. I'd like clarification on why this section, which deals with tax credits, is being amended. The way it's worded you could actually make this a refundable tax credit if the bill were passed into law, according to how I read it. I may be reading it incorrectly.
So why is section 118 being amended?