Thank you, Mr. Chair.
Part 1
Amendments to the Income Tax Act and Other Legislation
Income Tax Act
2(1) The portion of paragraph 6(1)(e) of the Income Tax Act before subparagraph (i) is replaced by the following:
Standby charge for automobile
(e) if at any time in the year an automobile is made available to the taxpayer, or to a particular person who does not deal at arm's length with the taxpayer, by another person (referred to in this paragraph as “the employer”) because of or as a consequence of a previous, the current or an intended office or employment of the taxpayer, the amount, if any, by which
(2) Subparagraph 6(1)(e)(ii) of the Act is replaced by the following:
(ii) the total of